Splitit’s move to the Cayman Islands and delisting from the ASX...

Splitit’s move to the Cayman Islands and delisting from the ASX is a clear indication that the company is circling the drain. By going private, they’re avoiding much-needed scrutiny, but that only makes it easier for them to continue wasting investor money without accountability. Their business model is flawed, they’ve failed to gain significant traction, and with competition in the BNPL sector ramping up, Splitit is being left behind. Investors who thought they were backing the next big thing are now stuck holding worthless shares with little chance of recovery. With no clear path to profitability and the company seemingly more focused on dodging regulatory oversight than turning things around, it’s hard to see how anyone will ever see a return on their investment. @Tradinator, this is a trainwreck—stay far, far away.