Daily Price Movement / General Discussion, page-29329

Ah yes - and he should also brush up more on the difference between cash and non-cash items on P&L and Balance Sheet. Zip wrote-off the intangible value of the Quadpay brand name as it doesn’t exist anymore, they didn’t pay $43m in cash to get some posters and t-shirts made with the new name. Further, you’ll likely see a larger increase in the intangible value of the Zip brand name in next year’s accounts as it now incorporates the value of their US business. I don’t think everyone investing in stocks needs an accounting background, but you can see the danger with high-growth companies in not understanding the difference between cash and non-cash items.