"Mr Sheth also blames the company's woes on listing too early and said they could not get any investment because they were lumped in with other BNPL businesses."
At the time the ASX was most probably the only option. Not qualifying to list on other exchanges, nasdaq, or even Tel Aviv Stock Exchange
They knew where to get their capital and could smell it in the pockets of potential Australian shareholders.
Now having exhausted this option mow its time to move on.
Now the share price freefall acting as leverage to make holders agree to privatisation. SOS
Is a single entity buying up now aa to have a substantial holding to have an overriding influence over the final vote?
SPT Price at posting:
5.4¢ Sentiment: None Disclosure: Not Held