Ann: FY21 Investor Presentation, page-26

Short sellers just do the same as you in reverse.

Buy undervalued companies and sell overvalued companies.

This is a company whose losses keep accelerating every year and they have added more loss making companies under the same umbrella.

Apart from the Quadpay write down they lost circa $300 million in cash this year.

The additional divisions can do nothing but increase the cash heamoraging and short sellers are well aware they are going to need another capital raising in 12 months or less.

If you notice what is happening with all BNPL they are raising cash but stock is selling off before the announcement as they are adding more hedge funds/short sellers to the register.

The stand alone BNPL model simply does not work but the real money is in customer engagement for higher value products mortgages/car loans etc but that is years away.

It may start to earn good incomes at that juncture but it's more likely to go into administration before thst.