Comment Not an empty pump (Score 1) 19
"Despite a more than 40% slump since mid-February,"
IOU was far from alone in a fall in share price from Mid-Feb. Afterpay itself had a high of ~$160 in mid February and fell 37% by end of March. Currently back up around $120 (which is still 25% down from $160).
Other BNPL companies followed exactly the same pattern through that period (e.g. Z1P , SZL).
IOU is far from an empty pump, see below - they have a Malaysia Money Lending License already, which is required to lend within Malaysia. As far as I know Afterpay does not at this stage.
https://themarketherald.com.au... [themarketherald.com.au]
"Earlier this year (2021), IOUpay secured its Malaysian Money Lending License, meaning it is fully compliant in offering its BNPL service to consumers and merchants in Malaysia."