If Motive decided to put in a further USD 50M then the key thing for us retail holders would be that its reflective of a true market value comparable to peers and/or the growth opportunity at hand.
if they came in today and tried to get shares for 28 cents again I think there’s no way shareholders can vote to accept that (diluting retail holders).
One of the reasons Splitit went to a the Cayman Islands they said was to be able to access more growth capital easier.
if there’s another Capital raising then perhaps it has to be a publicly listed one all shareholders could participate in equally.
Really though they should be focussing on profitability and reinvest profits to grow the company like Sezzle is doing and Affirm now look to be achieving.
Does anyone else have thoughts on this?
If Motive decided to put in a further USD 50M then the key thing...
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