Ann: Zip A$400m Snr CNote offering to accelerate global expansion, page-169

Why do you guys never question the headline numbers in quarterly reports when they are followed shortly after by devastating financial losses and more capital raising. These BNPL companies are all heamorrging money as the business model simply does not work.

You can fast forward another eight years when 3 billion shares will be in issue and they have still not made a profit but the bulls will have the same argument of "investing in growth"

Dont get excited about this seven percent GTM as this is due to the Quadpay $1 per installment transaction. (convenience fee) .To build a business which is dependant on customer loyalty you need to create a rewarding experience for the customer. This is important in not only retaining that customer but in them being advocates for the business. Customers being sorted with a convenience fee is not conducive to this and the annualised interest equates to 50% on a $100 transaction

This will be very short lived when Klarna PayPal Afterpay do not charge this .

So NTM is 2% on this 7% GTM just wait till they have to fall in line and GTM falls to 3-4% and they are racking up losses on every single transaction