$1 Club, page-19495

@stigmata
I do not think Pine Labs had anything to do with the sell-off, as every country has a number of BNPL companies operating (just look at Aus/America etc). IOU has been on a downtrend for two weeks now, and with the tech sell-off yesterday it became a perfect storm for IOU with a number of stop loss triggered given the number of holders in the 30s from the recent run.

I agree that IOU is very undervalued. If you look at enterprise value, IOU is currently valued at $140m, on $8.5m in revenue and having just signed two huge customers and more to come in its new revenue stream, BNPL. Once the sector rotation wears off, money will come back into IOU, particularly given the fact that all banks are embracing BNPL it seems so not going anywhere soon.