Hi Vasso, Those left in Splitit will end up with shares in...

Hi Vasso, Those left in Splitit will end up with shares in Splitit Cayman a new company formed in the Cayman Islands via a reverse triangular merger. The idea is to keep the contracts and licensing while squeezing out the minority shareholders (SPT shareholders). Splitit Cayman becomes a subsidiary of Motive.

You are no longer a shareholder of Splitit, Your rights are no longer protected by ASIC or ASX. You will be squeezed and Motive will set the new platform where they receive all the benefits. They will have a majority on the new board and convert their position into Splitit Caymen where the old Splitit shareholders will be dealt a poor hand.

As a shareholder you will have 90 days to decide if you stay or go. Read the info the company will send you in a month or so.

Watch This Space.