ZIP 1.59% $1.24 zip co limited..

$469,966,000 in warrents and convertible notes pending to...

  1. 138 Posts.
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    $469,966,000 in warrents and convertible notes pending to furthermore dilute shareholders (about 31% of current mc) Then a whopping $480,000,000 of additional borrowings. Imagine a rate hike to 1.5% would add around $22,211,760 to the expenses. All this while the employees had a 140% pay rise, adding more shareholder dilution of 605,229 shares last year alone. And I just can't make heads or tails of the 620m loss, apart from a 12% increase in marketing where is all this cash going? They can't keep taking on debt and raise funds to keep it going just so they can collect a huge salary and performence rights forever.I look forward to all your insulting and hate filled comments*disclosureShort postion

    SO why did someone feel is was needed to report this? can't some people accpect they made a terrible investment choice ?
 
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