They only have four months of unrestricted/operating cash left and they can't leave a CR to the last minute.
They have over 100 million of restricted cash available as they are finding their own loan book now as warehouse funders have reduced the percentage of receivables.
Do they sacrifice growth for survival or dilute shareholders by another 250 million shares to last another six months.
Zip Co remains popular with savvy customers as it narrows loss by 60pc, page-206
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Last
$2.16 |
Change
-0.035(1.60%) |
Mkt cap ! $2.835B | |||
| Open | High | Low | Value | Volume |
| $2.15 | $2.21 | $2.10 | $19.83M | 9.215M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 93816 | $2.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.94 | 6211 | 1 |
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| Last trade - 15.59pm 22/08/2024 (20 minute delay) ? |
| ZIP (ASX) Chart |