Hi Vamos, Sneef and Treba and All OthersI have reviewed SPT's...

Hi Vamos, Sneef and Treba and All Others

I have reviewed SPT's latest results on 31/08/2021 and I like to pose some questions for you all.

First question:
The company achieved USD $172.5 million of market sales volume this year.
-- Yet, the new CEO will be issued with performance rights in the following manner:
500,000 - if achieve market sales volume (MSV) of USD$140 million to $160 million
750,000 - if achieve MSV of USD$160M to $190 M and
1,000,000 - if achieve MSV of USD$190 M or more.

Isn't it ridiculous for the new CEO just to carry on the same way and achieve the same outcome with little effort and still achieve the 750,000 performance rights?

Second question:
SPT raised $90 million in 2 tranches of capital raising in 5/08/2020 and another $10 million on 18/09/2020 from the heavily oversubscription of shares value at $89.5 million which SPT had to return the money to the unsuccessfully share holders. Together SPT raised over $100 million in funds. Yet in the latest recent report dated 31/08/2021, SPT only has $66 million left. How did SPT spent over $34 million in just one year?

Third question:
After spending $34 million in just one year, it only achieved gross revenue of USD 5.5 million (A $7.49 million).
How can SPT justify spending 4.5 times more money to achieve gross revenue of $7.9 million?

Please response.
Isdhope