This company has let everybody down..
First version of app was a failure
Spent a fortune on the next one and still a failure
Bought a company with all the cash that god only knows why
Spent cash on so called 'Mega stars and influencers' that bought no real advantage to business
When it's time to cut back; went out and hired bunch of people and still no growth
when the holiday seasons arrived instead of ramping up marketing the BNPL product decided to cut back the activities due to 'lack of cash'
Non-performing loans too high right from the start despite of "rigorous background checks" done by the company
True meaning of incompetent management
Capital raise coming soon
For those people waiting for the road map in hopes of recovering losses
What will a company achieve from scaling up a faulty app and loss making business model ? Answer is more losses and bad reputation.
This company solely feeds on creating hype and luring new batch of retail investors as it has done for the past 20 years
i have accepted my defeat and now joined the buy high sell low club
Good luck to all holders and buyers.. hope it pays off for you
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