Hi @siciliavin, I don't / can't go short - I'm a retail pleb...

Hi @siciliavin, I don't / can't go short - I'm a retail pleb using CommSec - however that does not stop me from being able to read financial statements and identify business like Zip that are cash-burning machines. How can anyone be bullish on a quasi-lender whose bad debts currently equate to 49% of their revenue? Not to mention a company whose mission up until a week ago was to aggressively expand into overseas markets, until they figured out it would blow out their bad debts. Now they're pivoting to cost-cutting initiatives, and telling the market they're focusing on 'core markets'. It's literally the opposite strategy to 12 months ago. Oh, and they're printing script to acquire another company in the same position they're stuck in.

If people are wondering why there's so many non-holders commenting on companies like Zip and Sezzle, it's probably because we're trying to understand who would actually be bullish on a company like this. Have you looked at the chart?

Cheers