The differentiating feature of this stock was that it was the...

The differentiating feature of this stock was that it was the only P2P lender with a retail licence.

But they have alienated investors with their caps on interest rates. If this dies (already in a coma) and they use wholesale funds PLT is just another broker.

This was a fleecing type IPO (clue - Bell Potter) rather than rewarding investors like APT did. Min 15% load
Infrastructure for retail deposits - 50%
loss of goodwill with investors -20%

my target price 65% of 1.66 = 0.58

my opinion, not financial advice, bla, bla, bla