It's a 'rinse n repeat' exercise for private-equity...
Like Dick Smith 'saga' all those years ago, bury the SP, acquire at historic-lows, delist, reduce/consolidate SH-register, inflate intrinsic-value, rebrand/relist, sell all significant holdings, avoid any tax (Caymans Is), find another target, repeat...
Shocking governance by ASX and SPT BoD...
SPT Price at posting:
4.5¢ Sentiment: None Disclosure: Held
