For those wondering where the $100m is going, I have extracted the following from the Letter from the Chairman.
1. Sales and Marketing 2. Product and Technology Development 3. Funded Merchant Model
Given we have only seen small evidence of a few of these, and under the assumption that SPT management are not sitting on their hands, we are set for a few big announcements this year.
I am eagerly waiting to hear what exactly SPT has been working on and the specifics of where the funds have gone.
These are exciting times. Watch this space.
SPT Price at posting:
$1.47 Sentiment: Buy Disclosure: Held