I agree as well. It seems to me that they have pivoted to a...

I agree as well. It seems to me that they have pivoted to a lending business with SaaS rather then a payments business with SaaS (taking a clip of the ticket on all transactions). If they were to succeed as a payments business with SaaS we would have seen good uptake from small to medium businesses using the Spenda suite and this would have flowed through to the quarterlies. Spenda was launched over 18 months ago. They were being valued on the payments part of the business that has seen minimal takeup and this would have been a bigger potential compared to a lending business. This has sucked all the speculative money out of it as the traction has not materialised. This could fall further and if you look at the options they are severely overvalued compared to the heads. I am a wait and see at the moment as by the companies last report the debt warehouse has been pushed to quarter 2, 2022.