This company will be fine - it got pumped and dumped for the cap...

This company will be fine - it got pumped and dumped for the cap raise and looks to have a fairly tight register, which amplifies the volatility.

If people bothered to research the Pine Labs info they are not some APT-sized gorilla, their market cap was only recently over the $US 2 billion mark as of December 2020, so a tiny player in global standards:
https://www.business-standard.com/article/companies/pine-labs-valuation-crosses-2-bn-on-closing-funding-from-lone-pine-capital-120122100809_1.html

Also stop being ignorant and reading crap like "they have 95% market share in India" as some sort of game-winning statement - the BNPL space in India is in its infancy, which is why Sezzle are trying to get in also. Did you notice those reports don't state what the $ value of the BNPL market is in India yet?

The quarterly report and progress announcements will provide clarity on progress. Holders should also remember relativity here - this company has an enterprise value of somewhere around $AUD 150m - $170m - there is a material chance it could become a $1 bln value company, providing significant upside from here, even if you consider a fairly small milestone like 'unicorn' status equivalent.

Also don't forget the $15m in options - those people are going to make sure they get a slam dunk on that transaction

Credit to SebbyV