Ann: Spenda secures $50m debt warehouse facility, page-160

I think the idea of what SPX are trying to do is sound but the execution has been a bit lackluster
And way too many promises unfulfilled
I still think they will have long term success but the timelines they originally presented were unrealistic and the market doesn't like that

IMO

Using someone else money and paying handsomely for it and lending it out at 19% to struggling businesses and customers etc

Lending polices and criteria in place

Who would borrow at nearly 20% in this market ????

Expecting another 4 or more months of interest rate rises and potential recession - not to mention business confidence