Thanks for sharing @kevin103It's certainly worth considering the...

Thanks for sharing @kevin103

It's certainly worth considering the risks. I think the competition was always going to be there much like any new high demand product or service, where there's money to be made businesses will follow.

Not all of these players will survive much like what happened with the digital wallet space in the SEA region. We'll probably see some consolidation over the coming months. To be honest the acquisition by Pine Labs to pick up Fave was smart. That's a big audience with a lot of usage analytics to target them more effectively with BNPL. With that being said, IOU may look at growth by acquisition as well. This of course would lead to another cap raise but it's an effective strategy used by Z1P and APT.

Without knowing the current numbers IOU are producing we really have no idea how good or bad things are going at the moment. With continued lockdowns as you mentioned and no news the price will continue to drift lower. I still think the share price and the fundamentals are out of alignment.