"volt is a app base product i gather .not a licenced bank" -...

"volt is a app base product i gather .not a licenced bank" - well it's both. A so-called "neobank", offering banking services through digital only channels. But also has a banking licence, per the link I posted above "As the first new retail bank to be granted a banking licence in Australia since the early 2000s...". CLH bought 4.5% of Volt for $8.5m in 2019 (https://unauthorised investment advice/tech/debt-chaser-collection-house-buys-a-piece-of-volt-bank/). I'm curious how much of this it sold to raise it's repayment of $1m.

On another observation on the latest 4C, CLH has been allegedly shedding staff as it rationalises it's cost base after offloading most of it's PDLs (previously two thirds of front line staff). Can someone explain why employee costs for March quarter are MORE than the Sept 21 quarter, and pretty much static on Dec 21 ? No cost saving has been achieved here yet, which seems baffling.