Talk about misinformation!
Firstly thanks for pointing out that BNPL is thriving with the big four jumping onboard with BNPL, it shows there is a market and demand for such a service!
One thing you failed to identify is that IOU is operating in Malaysia with a different demographic of underserved/unserved market which it is pursuing and much needed in MY! IOU has barely operated for 12 months and ppl expect revenues $100M PA? Talk about unrealistic!
Another point, why did Citi buy up 34M shares in Jan and since accumulated to in excess of 40M to date with an average of 19c? Do we expect they’ll sell for a 60% loss?? I doubt that!
Seems to me you’re a little off track here.
Please do some research about the company in future!
Enjoy!
HAGWE!
$1 Club, page-30505
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