Ann: Quarterly Update and Appendix 4C, page-10

Pub urinal is a bit nice.
It stinks worse than a sewer.

I don't trust this management one bit. Reading the update instills zero confidence as the business has no foundation to their statements.

They talk about releasing capital from their UK business to ANZ and US. There is only one way, assuming they exit the UK and use the cash proceeds from future customer payments to fund growth in Aus and UK. They do this, they lose TTV of $30M a quarter. It's a loss making game for them. Yes, they exit an unprofitable venture but their stats go backwards.

Wait for the Zip and Laybuy UK stats and look how unprofitable that business is. This management needs a lesson on communicating to the market. I learn more on these forums than though management announcements.