You don't need the cash to cover the finance, it is required to mitigate the risk of bad debts. I expect you will see BNPL become attractive to the riskier end of the market. Unless revenue shoots through the roof a CR is inevitable. They can hold off for 6 to 12 months and allow the revenue growth to dictate the share price. I think 2.5 cents is a more realistic valuation than 10 cents but there is certainly potential for it to increase pretty quickly should revenue growth continue at pre COVID rates.
Ann: Ceasing to be a substantial holder, page-50
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