I think that is being overly generous, Kevin103. The business won't survive without growth. People will stop using the service. It is a slippery slope indeed when $2 million p.a. in bnpl becomes less and less....but the company still has the overheads. They need to get money to work, without blowing out bad debts, which is the major concern I have (and I have done a lot of lending in SE Asian markets).
I'd be interested in buying in around 2.5-3c. The infrastructure they have built up is worth something for sure.
I traded this share a long way back. Not held now.
IOU Price at posting:
8.5¢ Sentiment: None Disclosure: Not Held
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