Cannot disagree, but I think the lenders will be loath to shut the doors. To draw an analogy with other BNPL businesses, they are open 'at the pleasure of their lenders'. Most BNPLs have been severely throttled over the past 12 months, open to enable lenders to get their money back. Cue Zip's 'liability management exercise': $70mil retitred at 23 cents in the dollar
OPY Price at posting:
19.5¢ Sentiment: None Disclosure: Not Held
