IMO, the market fell back in August, not because of bad debts, but rather because of distrust with management after comparing the 10-Q to the ASX 4C.
The 4C last quarter, indicated that Sezzle had positive operating cash flow if you recall. But they neglected to add the losses from bad debts, so it made things look pretty good.
Though they did add the bad debt losses this time, to show the right picture. So that is a step in the right direction, but the market takes time to regain trust
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