There are many stocks on the ASX with debt or cashflow challenges.
In the space of 1 day, it’s become the number #1 worst performing stock on the ASX if you exclude stocks in the BNPL sector. it’s like holders have hit the lottery. Except they are losing money. See attached. Zebit doesn’t count because already delisting. Worse than voluntary administration
All caused primarily by a court decision they did not go its way. Which will most likely be appealed.
Sorry. Oversold. Not buying the negativity. Most you can lose is 1x if well diversified. Average down is the answer IMO
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