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7.5¢ splitit payments ltd

Ann: Trading Halt, page-112

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Ronaldfc

804 Posts.

181

03/08/20

19:44

Post #: 46274656
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Originally posted by Simran31: ↑

It's minboggling investors are tipping into these CRs. They raised capital 4 months ago. Why not raise the required amount at that point in time as they'd be incurring a whole bunch of advisory and raising fees now anyway. Raising capital in the name of expansion but in reality just to pay the salaries and overheads of this useless business which barely generates any revenue and is light miles away from making a $ in profit. Ofcourse revenue will increase by triple digits when you are coming off a low base! Almost $9m in salaries (including share based payments) for a business that hardly turns a dime what an absolute turd

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Why didnt they raise more money at 41c vs $1.2ish? Is that a serious question?

SPT Price at posting: $1.37 Sentiment: Buy Disclosure: Held
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