Making sense of the situation, page-24

But if we take away expansionary costs and just look at what's happened in Australia, they did turn a profit. So yes im suggesting they can drastically reduce their expenditures.

In my view the reason why outflows have been so large is because the BNPL sector is a land grab. So it pays to spend big on advertising and other expansions to be the leader in other vital countries like the US. However in this crisis no BNPL company would even think about expanding which freezes the land grab and any associated expenditures.

Just on a side note there is no need to come here and talk about how you were right and holders are wrong. This isnt this kind of thread. I'm also aware that even a broken clock is right twice day, we saw this with polar bear and UBS. So with all due respect, yes you were right it'll drop but not for the reasons you were worried about.