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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.
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Strong Black Friday/Cyber Monday sales - 36,000 new customers and Underlying Merchant sales of USD 11.3 million achieved over 4 days.
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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?
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Quarterly update coming this month, January 2020.
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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.
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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.
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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.
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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
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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.
Caption: What you get for a measly $1.40
