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#BnplGoingToZero, page-456

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4,676 Posts.

875

05/04/22

15:53

Post #: 60663950
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Originally posted by Goodfella58: ↑

Sezzle is virtually bankrupt and there is a clause in the agreement that they can't sell to anyone else whole Zip transaction is processed and they have to pay Zip substantial amounts of it falls through.

Goldman Sachs fund warehouse facilities for both companies and they could not let Sezzle go bust as it has a knock on effect for all BNPL.

Much like a magician uses Misdirection on stage to make you look at something else while the illusion is going on in the background, the "deal" was just a misdirection to take the focus away from abolutely horrendous results for both companies and allow GS to reduce their exposure and to come up with an excuse for Zip to raise more money rathar than admit it was for working capital as they are losing money hand over fist.

The deal does not make any sense at all and Id say it would be 50/50 on it going through but insiders will have sold significant amounts of stock by then

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Z1P Price at posting: $1.56 Sentiment: Buy Disclosure: Held
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(20min delay)
Last $2.90		Change 0.050(1.75%)		Mkt cap ! $3.786B

Open	High	Low	Value	Volume
$2.87	$2.93	$2.86	$29.30M	10.11M

Buyers (Bids)

No.	Vol.	Price($)
5	84461	$2.89

Sellers (Offers)

Price($)	Vol.	No.
$2.90	19999	1

View Market Depth

No.	Vol.	Price($)
5	84461	2.890
11	270913	2.880
8	163061	2.870
11	172145	2.860
32	241368	2.850

Price($)	Vol.	No.
2.900	19999	1
2.910	50569	3
2.920	73991	8
2.930	302477	20
2.940	204006	10

Last trade - 16.10pm 21/10/2024 (20 minute delay)

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