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7.5¢ splitit payments ltd

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10,352 Posts.

819

11/12/20

15:31

Post #: 49517541
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Originally posted by habcos1: ↑

Interesting point here from todays announcemnt , note in advanced merchant funding negotiations, lets hope this gains traction.

f) for the purposes of section 708A(7) and (8) of the Act, the Company wishes to disclose
that the Company is currently engaged in advanced negotiations with a prospective third
party financier in respect of additional merchant funding facilities. If agreed, this facility
may be material for Splitit to the extent that it enables Splitit to progress into new markets
or achieve significantly greater scale. While Splitit is hopeful that a facility agreement will
be agreed on terms acceptable to Splitit in the coming weeks, there is no guarantee that
any facility will be agreed in the near or long term. A detailed announcement will be made
if and when such negotiations become binding or complete in accordance with the
Company’s continuous disclosure obligations; and

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The financing arrangement will be the floodgates for some growth, if not significant.

SPT Price at posting: $1.14 Sentiment: Hold Disclosure: Held
3 Upvote

0 Great analysis

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