@AlphaX
That's all fine but your assuming someone will actually invest.
The balance sheet is horrible, all the things you have listed point to further massive cash burn.
So who is going to invest.
Traditional Bank? Westpac saw the writing on the wall and Larry has denigrated most other traditional lenders and there unfair and broken credit card models.
Another hedge fund ....why would you when you already have CVI Investment and the most recent note holders shorting aggressively with a GSL
.Any investor is asking the question, where's my upside.
Am I going to make a profit or even get my capital back in the face of runaway inflation, riding bad debts and withdrawal of fiscal stimulus.
Is the company scaling or are they having to spend more marketing dollars to maintain customer acquisition rates.
There only hope is to raise another billion and pay off the existing note holders at the same time, hence Larry's begging letter on LinkedIn.
The chances of that are slim to none.All the BNPL will go bust but Zip will probably be the last dominoe to fall.
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