Australia's largest stock trading and investment forum Australia's #1 stock forum

SPT

Click for more information

0.00%

7.5¢ splitit payments ltd

Ann: Application for quotation of securities - SPT, page-14

First 14 Last

Share
Profile

Follow
funeraljoy

993 Posts.

76

17/08/23

07:27

Post #: 69384074
Share

Originally posted by Tekvest: ↑

Sounds fair. The market price of Splitit is 7.5 cents per share. There are 550 million shares on issue.

-2 billionaires have agreed to purchase Convertible Notes for $10 mil over 12 months, in exchange for shares issued between 4 and 6 cents.

-another bunch of guys come along and are prepared to tip in $50 mil to save the company (after the other guys have saved it). And they are going to pay shareholders 31 cents per share for shares which used to trade at 7.5 cents before the next guys got their 2 million shares for 4-6 cents?

And the market price for SPT shares is now 31 cents

Can anybody join the dots for me? I am lost

Expand

The CR was pre-approved for amounts greater than $20 million prior to the due date. So the average price is now 0.15$ to be diluted rather than the 0.04$ or 0.06$ indicated in the contract.

Last edited by funeraljoy: 17/08/23

SPT Price at posting: 7.5¢ Sentiment: Buy Disclosure: Held
Upvote

0 Great analysis

Reply

Top Stories

HAS

Yangibana 33% complete says Hastings, as it provides clarification on funding

BIO

Biome reaches intellectual property milestone in strain development program

RCE

Recce scores $6.75M R&D rebate

3DA

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels

RSG

HotCopper reacts as Resolute Mining told to pay US$160M if it wants its CEO back

There are more pages in this discussion • 8 more messages in this thread...

First 14 Last

Add SPT (ASX) to my watchlist