Ann: Splitit obtains US$50 million commitment from Motive, page-37

@tina25 noob investor please be quiet.

What this is essentially is a massive cash injections at signficant premium to the last price. The cost is dilution ~33% goes to motive, the rest goes current shareholders.

Positives:
* The company surivies
* actually has a chance to get to profitability and see how far it can grow (Imagine trying to sign up a merchant with SPT's current balance sheet)
* Get connections of the private equity group who will help it grow it's business
* You may get a chance to equity along the way via private equity secondary sale
* Any exit will be done US multiples not AUS multiples which are much better

Negatives
* You are in a private equity investment and MAY not have liquidity for 4-5 years
* That's it.

IMO DYOR