In the transition period your number of shares are now being recorded/managed by the issuers(splitits) share registry. That is Automic.
Your broker(commsec/stake/selfwealth) no longer has the shares registered (removed from your trading platform) and they therefore cease to be CHESS sponsored and therefore need to be recorded/counted somewhere....Automic as the issuers share registry.
All splitit shares are a new issuer sponsored holding in Automics system.
Simple as that really.
I believe the company is currently still the same (although not on ASX) until the rest of the company mergers etc are completed with the Cayman entities...hence still being Splitit Payments.
SPT Price at posting:
7.5¢ Sentiment: Buy Disclosure: Held
