It's amazing how dumb retail investors are bidding up the stock...

It's amazing how dumb retail investors are bidding up the stock on the back of this announcement.

As rising interest rates and inflation begin to bit arrears are up 133 percent Q on Q aovend bad debts up fifty percent.

Arrears are a leading indicator to bad debts so expect next quarter to reveal bad debts in excess of 3 percent.

Even before that rise nett transaction margin is still negative before deducting Opex costs.

Dedpite the company bluster they can never make a profit.