The peak GPTV was achieved in Oct19 of just over 2 billion. We know this because the Q4 annualised GPTV was stated as 2 billion. From memory the company has given two reasons for the flat GPTV growth: The suspension and the SWIFT issue.
For my mind the GPTV growth is the number 1 issue that needs to be rectified and it's not clear which one is the bigger drag, but I would presume the suspension because it happened first and we know growth was flat in Nov19.
So presuming the suspension drags on for another month or two and the SWIFT tier 1 network gets up and running in the mean time, will that produce GPTV growth even with the suspension?
In hindsight the company is very, very lucky that the annualised GPTV hit 2 billion prior to the suspension. Had the suspension come 2-3 months earlier which it certainly could have considering we are talking about 2018 events then the company might not even be break even now and certainly would not have all this cash for R&D etc.
ASX should have suspended the company 12 months ago, it could have killed off clearpay and any future competition then and there.
