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31/05/19
06:30
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Originally posted by Jazinger24:
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Made quite a number of statements. 1, Last announcement after CR was shareholder selling 8% of stock. Please see what is currently the latest announcement i think its 3Y or something like that shows change in substantial holding. 2. afterpay and zip pay are completely different to splitit. I thought this was well known but anyway after pay and zip pay do their own granting of credit whereas splitit doesn't. Splitit uses the amount of debt you have on your credit card and was when i last checked limited to purchases of under 1K and potentially even under $300. 3. 50c is a key resistence point and if you bring up a chart you should be able to see this. For a company that is currently loosing hand over fist every quater the last quater was its best perfromance but only 550K or so with a loss still of about 1.5Mil from memory. Even with improvements of 30% quarter to quarter it will still take quite a number of years to become profitable. You will also notice their expenses rise with the rise in income. To anyone who can see the performance retrospectively (ie now) the almost 10 fold gain from 20c to nearly $2 was a massive pump and dump. The fact that in just minutes before getting a speeding ticket the price went from almost $2 to about $1.60 has me questioning any potential tip offs. If you would like a more detailed analysis please read my previous posts.
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very good analysis I must say. do you also have any ideas about the recent 30m AuD at 80c raised before the shareholders SPP? I think it's Tax adjustment transaction by instos to offset profit and take a strategic long position in SPT. What do you think?