Just another fluff piece from Splitit. “Splitit is different, Credit cards aren’t dead as the numbers say otherwise” LTH’s have known this for years now. 1.25k world wide merchants is a disgrace though, something in the Splitit’s merchant marketing team failed. From what I’m seeing John tried to rebrand and remarket (let’s hope its paid off and someone apart from stock holders actually know what SPT is. 330k shoppers do if we go off of the numbers) Heck, there would be more than 1.25k Z1P & APT merchants in Sydney alone. SPT would be freaking nuts to even think about a cap raise at a share price 6 times less than their last cap raise. Using existing credit lines would be a much better option.
going to have to hold this for another 12-24 months before anything happens. Crypto will well and truely taken over by then.
SPT Price at posting:
22.5¢ Sentiment: None Disclosure: Held