Sorry posting again, as issues with hot copper freezing.
Replying to Samyvalues post above.
This is one of those statements that clearly shows the level of intellect and capacity of analysis of the writer.
Let’s forget for a moment that the company is in start up / growth mode and barely had their bnpl product launched for 6 months, during some of the most challenging times for businesses of recent history, -so any less than expected return on investments would be completely understandable.
This quarter $6,571,327 was invested in bnpl (TTV).
This resulted in $492,124 income (NTR). 7.5% revenue on money invested for the quarter.This end of this quarter the company had $39,515,000 cash. The end of the previous quarter the company had $51,405,000 cash. Lets say for arguments sake the average cash for the quarter was the average of these. Ie. $45,460,000
$475,000 interest is from $45,460,000results in 1.04% revenue for the quarter.
And you are saying Samyvalue that the company is better off leaving money in the bank to receive a 1.04% vs investing in bnpl and getting 7.5%?
Really?
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