Ann: September Business Update, page-37

Imo things would have been different had Sezzle stayed a private company until now and IPO'd like Tabby and Zilch are planning to do with valuations of $1.5b and $2b- as both are raising / have raised capital, which would provide instos with a satisfactory holding. It seems Sezzle is not raising capital - but now that Sezzle is performing instos still want a piece - so have to scratch around on market to get any sort of meaningful parcel - which they actually have been able to do according to broker data above.

Imo the only way for instos or anyone else to get hold of a decent amount of shares is via the small supply from retail holders on the ASX. If you tried to buy say usd$200k of stock on market on the NASDAQ you would probably push the price up by 5 or 10 times. The difficulty is buying shares in any decent amount from ASX retail holders without pushing the price up.