CASH POSITIVE CHAPTER - Divide Cayman Ltd, page-249

I think Nandan felt the burdon of reporting every 3 months to the ASX, while the shareholders/spmeone devalued Splitit. They really disliked the 7.5c share price so they decided to take control by moving to a private company. He must have thought the podcasts, LinkedIn posts and trading halt would be bare minimum whilst he concentrated on building the business.

Still that doesn't excuse why 3 months into the new year and no 2024 results published. My theory is they are waiting just a little longer to increase the number of banks signed up with FI Paylater. As the may25 target of 50 banks gets closer(based on Nandans 31Aug24 podcast), it will highlight a compelling vision of the future by showing the numnber of merchants connected to these banks. Given what we think Splitit had an amazing last quarter in 2024, this will add to this momentum. So they wait.