Access to capital will be driven by results - the rubber has to...

Access to capital will be driven by results - the rubber has to eventually hit the road, which I believe it will for Zip in the next 12/18 months. Afterpay has a highly profitable operation in ANZ with 1 product which it is replicating globally so it is far easier to see a road to profitability offshore. Zip has a variety of products and it is very difficult to see which are profitable and which aren't as they don't disclose this in any of their reporting. Added to this they are now using loss leading products to try and buy customers which may or may not be a successful strategy. There is a reason why Zip's SP has languished recently and it has nothing to do with the short selling bogeymen.