Mate, my predicted range months ago was $0.40-0.45. That's why I got out whilst I was still ahead. And I'm so glad I did. It's probably the biggest reason I started doing a lot more intense DD.
Through more DD, I also now think SPT won't be around in 5 years.
A takeover won't happen because there are too many other products that do what SPT does (just a different method/model). Would it be worth the time and cost of the buying company to try and integrate the SPT model into their model? Probably not, unless at discount.
Look at the companies that offer splitit. Apart from a couple of bicycle stores, they all offer many other BNPL products too. The bigger companies are signing with Afterpay, Klarna and Zip (the top 3 that will lead the space IMO), and even Lattitude pay, humm, openpay etc.
"But SPT has Shopify" - yay, so does every other co
"But SPT has Adobe" - yay, so does every other co. And so on.
Any big, well known company with big ticket items I think of doesn't offer splitit.
But you've got a small bicycle shop exclusivity - yay!
And let's face it.. have you ever seen an SPT sign walking through a shopping centre? I've never seen a single one - you see Afterpay and Zip.
Sorry bro, but I don't have the excitement some others on here have. I haven't sniffed the same glue. Some have been calling $2 for a long while, and look where we are. The upramping on here is doing nothing but play with people's emotions to cling on to the slightest of hope that 'next week' will be the turn of events and everyone will be rich.
Take a step back, look at the SP movement, look at the results, go out and have a look yourself where SPT is used. Do any of your friends or family know what Splitit even is? What about Afterpay?
Call me salty, call me a downramper, that's all good. The sad truth is, the SP has been going only one way and people are slowly wising up to the people calling $2. The amount of times I saw these very people (and others) calling a bottom of $1.10, $1.00, $0.90, $0.80, $0.70 etc. Then there were comments of 'If this goes below $0.50, I'm all in..'
Is there anyone on here that's actually in the green for SPT? Apart from old mate Brad.
Turned into a bit of a rant. Maybe I am slightly salty lol
