ZIP 3.43% $3.38 zip co limited..

Mate Szl is technically insolvent…only $5 million equity money...

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    Mate Szl is technically insolvent…only $5 million equity money the rest seems to be debt funded…Zip does not need Szl because they just provide merchants and customers and who knows what percent would be duplicated…Even if Zip acquires it the number of Zip shares provided will be very less…that is why I suppose the first round of talks failed.

    Charlie should have done a CR earlier

    Even on a Rev comparison Szl is just 28 percent of Zip before discounting the negatives

    I don’t know about the internal strengths of the business but it does not look like it can go beyond 100 million Zip shares at the max

 
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