A lot has changed. SPLITIT has continued to deliver PROGRESS on...

A lot has changed. SPLITIT has continued to deliver PROGRESS on it's way forward.

The stock price has gone down more than expected, however, it will recover this year. We are back to where we were before the Mastercard announcement.

The good news is that the Federal Budget had provided funding into the economy that will filter directly into spending. SPLITIT will be advantaged by this.

Some of the achievements that a lot of you have forgotten are as follows;

1. Partnership with Union Pay. You missed all the hint's I suggested relating to this one... Bank Card Services !

2. Strong momentum with Merchant sales Volumes, Gross Revenues continue to increase and Addressable Online Merchant Sales keep growing at more than industry levels.

3. US$150 mil Receivable Warehouse facility.

4. Growth continues to accelerate Quarter to Quarter.

Problems;
1. Too many employee options over shares at low prices. This weights heavy on the share price.
2. Mastercard/Visa headline activity joint announcements not sighted and needs to be addressed.
3. Management should focus on shareholder value. That means, Brad to directly engage with key shareholders.

Going Forward. Share price is very good value for where the company is going. Totally good medium term accumulation price for what management have in mind for the progress on this company. The bell is now ringing.

Watch This Space.