Ignoring the bombshell that the 2 founders are now selling out, the details of this raising are shocking.
Also ignoring the fact that this is yet another capital raising in such a short period, let’s address this shocker itself.
Convertible notes show a lack of confidence.
The 7 year maturity for a paltry percent profit (or money back) shows that an investor who believes in Zip providing returns (by taking equity) could not be found.
I believe this is due to the increased regulatory risk as well as competitive risk from the banks and PayPal now moving in.
The market is not going to like this and the next 36 hours of nonstop pumping isn’t going to change a thing.
Also considering the extended market, a few weeks of carnage are ahead
Don’t shoot the messenger. All IMO
Ignoring the bombshell that the 2 founders are now selling out,...
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$1.36 |
Change
-0.020(1.45%) |
Mkt cap ! $1.532B | |||
| Open | High | Low | Value | Volume |
| $1.38 | $1.39 | $1.34 | $24.60M | 18.09M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 45993 | $1.35 |
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| Price($) | Vol. | No. |
|---|---|---|
| $1.37 | 386131 | 13 |
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