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maxybro

2,702 Posts.

475

19/06/20

00:42

Post #: 45313017
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Originally posted by PerfectAnalysis: ↑

This is what $480m market cap gets you:
- Latest 4c quarterly documentation:
1) -$1.8m loss
2) $7m cash in the bank

- Latest Full Year report
1) $1.6m revenue
2) $1.1m gross profit
3) -$22.6m operating expenses
4) Net loss for FY19: -$21.4m
5) $17.9m equity

Splitit partnered with Visa on 02/03/2020 - That pump lasted 2 days.

Eventually the stock dropped to 20c which is where fair value was accurated predicted and calculated here

What has changed since the last time SPT hit $500m market cap on pure hype when it was $2?

Traders like me had a lot of fun today, and likely will tomorrow as well.
Investors, prepare for a slaughter in the coming weeks/months as this heads back to 20-30c in a few weeks/months when the Buy Now Pay Later (BNPL) sector cools off.

GLTAH

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I think this is now the best short in the BNPL sector. It's an absolute mania. Market cap doubles on just 1 pager, no revenue projections, no equity stake, nothing.

Driven by momentum chasers all day.

Good luck to anyone holding and DYOR.

SPT Price at posting: $1.38 Sentiment: Sell Disclosure: Not Held
2 Upvote

0 Great analysis

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