ZIP 1.79% $1.14 zip co limited..

-Revenue margins and cash transaction margins ave nothing to do...

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    -Revenue margins and cash transaction margins ave nothing to do with borrower rates
    -US revenue contained Canadian revenue - now defunct. Closed, kaput
    -there was never any question about the company refinancing its loan book - it was a no brainer. What was the cost, why was it not reported?
    -ZIP has only $300 mil for growth but no working capital, although it can borrow again to expand its loan book. Its overdraft was fully drawn on the day it was advanced in December. Closing Canada will cost plenty. Where does the money come from?
    -Cash available increases. It is borrowed - every cent, and much of it is committed to the loan book as a security deposit / restricted cash

    A Troll (esq)

 
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