$Affirm Holdings, Inc.(AFRM)$ Minimum another 25% downside from here. Affirm will have to do a MASSIVE SHARE ISSUANCE
TO RAISE MONEY.

The bled $300 in operating cash last year. The STREET owns $2.4 Billion of Affirm bonds — if the market start declining and RATES start raising players may force AFFIRM TO BUY BACK THE LOANS TO MINIMIZE THEIR LOSSES….. too risky for a “potential 20% upside “

We may see a liquidity crises if they can’t issue shares ( 2008 ) all over!!