· Expanded receivables financing facility was just announced in December 2019 of USD 100 million – up from prior USD 30 million. This would suggest very strong prospects for growth and sales/new merchant volume.
· Strong Black Friday/Cyber Monday sales - 36,000 new customers and Underlying Merchant sales of USD 11.3 million achieved over 4 days.
· Denied license in California - but this is subject to appeal within 15 days - and it has been revealed in the weekend news that this ruling comes with no penalties and no fees.
· Sezzle’s position is that it does not operate as a lender but under a different financing model as does its competitors. Sezzle says that it will work with the California Department of Business to find a path to resolution and correct any issues. Why not wait and see what they say tomorrow?
· Quarterly update coming this month, January 2020.
· We have reached extreme levels of pessimism with people calling for a drop below $1, claiming that growth has stagnated (it hasn’t – look at the snapshots below) and that the company is on its last legs and will have to shut down its entire operations in the United States and Canada.
· Company being treated as a dead man walking, things merely have to turn out to be mediocre or just ‘okay’ for the share price to rebound strongly – particularly with January Quarterly due imminently.
· The share price has already fallen minus 20.81% and minus 15.71% over two days in a row, probably due to a combination of panic, low shares on issue and cascading stop losses.
· You get all the new business developments and extra traction for only $1.40 right now. Just one week ago it was sitting comfortably at $2.10
· Please do your own research, don’t take my word for it, and certainly don’t take the extreme cynicism of others to heart either. The reality probably falls somewhere in between.
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Caption: What you get for a measly $1.40
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