Still waiting for some objective analysis Mr Bear. What do you...

Still waiting for some objective analysis Mr Bear. What do you think of Afterpay's bad debt charges and how do you link that to the company's ongoing viability? Please share your analysis on projected cashflows eating away at the $500mill cash Afterpay has which is giving you the impression this stock will be $4. Then we would appreciate your view on the risk management measures that APT is taking to slow down expenditures.

I'm sure all of these points have been considered by you in forming the $4 price target.