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SZL - Sezzle Inc.

If anyone ever takes any notice of broker forecasts again, then they deserve to lose every cent. From $12 to 1c. Why would you even publish it? Just exposes your incompetence.

Anyway,
Yes, stunning. to be fair they though they were merging with Zip, but still....looks terribly incompetent, maybe they were conflicted, involved in the deal?

The model is broken with rising inflation and much higher interest rates.
 
Trading halted ~3pm. Something's up. ZIP is also up plenty along with the rest of this sector.
 
Sooner or later the regulators will realise who the SZL customers are and the ponzi will collapse. In the meantime...last resort banking for sellers of bongs & dildos looks to work.
 
Still can't convince me ... up 12%

March Business Update

Top-line Growth and Lower Loss Rates lead to 3rd Straight Profitable Quarter

Purpose-driven installment payment platform, Sezzle, is pleased to provide the market with an update on key financial metrics for the quarter and month ended 31 March 2023.

 
So ends up one of the bigger rorts and destruction of shareholder value on the ASX.
 
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