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I think you need to rework your numbers. Quadpay TTV is not...

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    I think you need to rework your numbers. Quadpay TTV is not growing 55% MoM - it is more like 55% QoQ, which would take them from $762m in the March quarter to ~$2.8b in the December quarter. So IF December TTV in the US is $1b, that leaves another $3b to find from the remaining operations, which apart from ANZ are currently very small. Just isn't going to happen.
 
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