Ann: Removal from Official List, page-36

Hey Paul, good on you for keeping your shares, I reckon too that Sezl will be worth heaps more real soon, particularly after they report. Did you hold shares back in 2019?

Share repurchase:
Sezzle stated the program will start no earlier than 17 Jan, be completed within 12 months and can be extended, suspended or discontinued. It's pretty open! My understanding is they need to report any repurchases quarterly in the Form 10Q, so we won't know anything for a while. To me the program just shows confidence in the recent success of Sezzle and the cash flow (i.e. they won't miss $5m), and technically having a program in place should put off any shorting attempts as well as highlight the company value to new investors. C'mon there's not much better than shares being bought on market and then cancelled?!

Borrowings:
Loans are the nature of the beast and as you mentioned Zip and Affirm have significant borrowings compared to Sezzle but to a degree this is a reflection of their much larger revenue and operations. ZIP and Affirm have securitized receivables and as a result have much greater facilities with better rates, to allow high revenue. I reckon after results we will probably see Sezzle totally refinance the current line of credit. It's not really been discussed here but imo a favourable refinancing/restructuring which unlocks Sezzles potential for significant growth will also unlock a lot of forward-looking value for Sezzle's market cap. At the moment there is probably a bit of a ceiling in place down the track in terms of revenue and growth. Imo profitable results plus the Nasdaq listing should all help towards securing a good deal - surely better than current SOFR+11.5%!!!

Results:
I've been tracking those monthly result announcements and I reckon we're in for good news when they report the annual results. They should report good profit, growth in revenue, good revenue margin, manageable bad debts, good EBTDA, reduction in major expenses (except for interest) and the balance sheet should look super tidy.

In terms of customer number growth I can see online that Sezzle is doing heaps of marketing across various social media, and this seems to be reflected in hits on their website, and website hits may result in new sign-ups. There's a free provider called Similarweb.com which tracks website hits. Sezzle went from 1.9m hits in Oct to 2.6m in Nov and 2.7m in Dec. That's a 42% increase in hits. Compare this to 2nd place Affirm (27% increase), Klarna (16% increase), Afterpay (6% increase), ZIP (4% increase). You can start to see how Sezzle might be well positioned to gain new customers, capture some of the bnpl market and maybe this explains how they can be so confident to do a $5m buyback.

don't take my word for it, dyor here....
https://www.similarweb.com/website/sezzle.com/#traffic

imo everything will happen after results are out - the buyback, the bank partnership they mentioned, possible refinancing, and then with 12 months of audited profitable results you might see some major investors step up and want a piece of Sezzle and the bnpl market....

https://finance.yahoo.com/news/buy-now-pay-later-global-094800055.html