Ann: March Quarterly Activities Report, page-79

Emotional? I don’t hold: no skin in the game, no emotion. But that doesn’t remove a sense of disbelief.

If you want ‘rational’, and think ASX don’t get involved in the day-to-day cash levels of a company, perhaps you could read chapter 12 of the ASX listing rules:



https://www.asx.com.au/documents/rules/Chapter12.pdf

Look at the TTV numbers - they almost halted BNPL payments to merchants in the second half of the quarter to protect their cash. A cash balance that was close to $50M before they blew a big chunk on IDSB. There’s just no point sugarcoating it. People kept thinking there was some mystery bank in the background, but there’s nothing; they were just using their cash. The wholesale funding decision mentioned in the June 2021 quarterly just went quiet. Why leave it this late, and only now tell holders that the book is too small to attract debt finance interest? Unbelievable.