I have had a lot to say about this company going a long way back.
I gave up on them because of the amount of free stock the directors were giving out to all and sundry staff/management/directors. You cannot keep doing this. It was a joke. I told this forum but nobody cared.
The market has had it's say and it hasn't been good. The market is saying one thing.
Reconstruction. A word most shareholders don't want to hear.
I am saying this because I get dragged into analysing these companies to tell them what's wrong and how to fix them.
On one occasion I was asked by the board with 8 lawyers in the room. I told them that they needed to sack all the lawyers firstly and get onto reorganising the business.
SPLITIT needs a full reorganisation of it's business plan. There is too much spin by the board and no positive profitability.
I always said, if it doesn't make a profit, invest elsewhere. I gave these guys plenty of support and encouragement but they failed to reciprocate with positive results.
I have split the scene. 1c...it's fairly possible.
SPT Price at posting:
7.5¢ Sentiment: None Disclosure: Not Held