Ann: Private Placement raises $3.9m, page-586

Per his recent tweets he has 19,000,000 heads at an average of 0.019 ($361,000) and 29,000,000 options at an average of 0.003 ($87,000).

In other words the poor guy has put in just shy of $450,000 into this thing. In the same tweet he compares the share price (not the market cap) with other companies like Zip and Afterpay. He also reiterated his belief that they will reach CF+ this quarter and that Spenda is going to turn the banking industry “on its head”.

If/when this thing finally falls apart, the investor outrage will finally pivot from evil downrampers on HotCopper to the bloke who made all the promises and spun all the webinars, and so it should. FWIW, @Degs46 you often ask why non-holders post here (and it’s a fair question). I can’t speak for others but I feel genuinely sorry for frankly naive investors like TopDog who have stupidly poured their life savings into this based on promises and pumps from management. If you look into the history of management and the various guises, they are repeat offenders here. People need to own their decisions/mistakes but when they’re led down a path by salesman talk it’s especially distasteful. Cheers