SPT 0.00% 7.5¢ splitit payments ltd

I have had a lot to say about this company going a long way...

  1. 341 Posts.
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    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.
 
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Currently unlisted public company.

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