The Australian - Multiple suitors circling Z1P - DataRoom 7.40PM, page-96

There is nothing to work back from and to.

My starting point was Z1P is heavily shorted due to a number of factors, 1 being the market neutral strategy amongst many other things (weaker balance sheet, weaker market position, etc etc). That's not the point of the discussion.

Short interest has spiked into the annoucments (Klarna rumour, Quarterly) both positive expectations. Then, unsurpinsingly increase with Apple pay. Most professional shorters won't touch an ASX company when it gets near 9 - 10% short of total float (Where z1p is now). I don't need to explain to you why.

The push back of the quarterly, combined with these rumours are very peculiar, I would normally be worried about a capital raise, however the recent convertible note issues tells us that is the least likely answer. SO, either there is a ticking time bomb in the quarterly, or somebody is trying very hard to keep the price down. I was confident it was the former, now I'm starting to think it could be the latter.