ZIP will "survive this year" easy, and 2023. It's simply whether...

ZIP will "survive this year" easy, and 2023. It's simply whether it can go cash flow positive by 2024. The company has over $300 million cash and is hardly churning through it from an business operations perspective. There are quite a few pre-cash flow postive companies not taking anywhere near $160 million a quarter and growing revenues at near 40%, and trading at far loftier P/S ratios on the ASX.

ZIP has simply been oversold and everyone now cooly pointing out the obvious business issues that they should have predicted last year. Shorts at down to 9% now from a high of shortselling high of what? 12%. I personally shorted Z1P from $12+ (went too early) down to $8. That most shorts have not now closed out from a 12% high in late July ($7) or new shorts opened lower, is a bit silly/greedy/risky. The downside has been overly filled in from a $14.53 all time high. A sniff of improvement in the business and ZIP's magins vs bad debt gap plateauing, might just see a bit of a short squeeze emerging.

As others have said, ZIP is tightening its lending and larger holders would be wise to do likewise in the stock lending mkt, forcing some buybacks would see a quicktick in Z1P. In fact some upside calls might not be a bad punt on that emergence....calls on a call if you will.