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12:12
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Originally posted by SebbyV:
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Believe me I would love nothing more than for an ASX announcement that Klarna are a sub holder and Zip management welcome them onboard, but it's highly unlikely to happen unfortunately. This is not like Tencent/APT whereby the two were not direct competitors in the same markets - Klarna and Zip are competing for the same customer in multiple markets. I.e. you either buy Zip or you try squash them, but a 4% stake makes no sense. Also the sums that Klarna execs would be doing is a buyout might cost $AUD10bln, bbut how much to squash them? $1bln? And I don't mean squash them in the marketplace, what if Klarna decided, via an arrangement with their investment bank providers, to short Zip another $300m? A lot cheaper to f*ck with the stock price and cause multiple issues with this company than buy them out. It's legal to short a competitor's stock. People here go on about maybe the price is being shorted to let Klarna accumulate, but did you ever think maybe Klarna was the one doing some of the shorting? Shorting the price way down low so that the next cap raises have to be done at a significant discount to what we believe value is, to cause unrest with the retail investor base, meaning management have to be distracted by stuff like Retail Investor Days, undermining the credibility of the stock as a long-term investment, thus adversely affecting the company's ability to say raise capital in the US and dual list? I could go on. I suppose what is standing out to me is the number of posters here that 'hope' something will happen - we hope Klarna took a stake, we hope shorts reduce, we hope Kylie Jenner has signed up with Quadpay even though that was never a thing, we hope they'll dual list in the US. A lot of hoping going on...
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The thing with 'hope' is that we get told SFA by management, so hope is all us holders have. We don't get told about new partners, we don't get told about the results of the US roadshow, we don't get told about anything. We literally get our info from members here doing digging or through pump articles by the AFR.
(20min delay)