Well didn’t Prospa have its arse absolutely handed to it by the ASX on Thursday?!

The bourse is all over the listed SME lender like white on rice, having just issued a price query on April 16 over the 43 per cent tear in its share price on April 9, the day Commonwealth Treasury decided to allocate Prospa $223 million under its Coronavirus SME Guarantee Scheme. Prospa didn’t announce that funding until April 14, the next trading day after Easter, when its stock rose another 32 per cent.