$1 Club, page-30481

They'll raise if they need to in order to meet capital requirements. The current SP won't prevent them from raising.

My thoughts are that they haven't been granted a funding facility because the product is too new. There's no real data on bad debts. The bad debts are only starting to come through now. Lending criteria already starting to tighten. IOU would have to present a robust case to be granted funding imo.

The company will keep ticking along. The opportunity that was afforded last September isn't available at the moment. It's going to be a long wait before anything exciting happens here imo.