Ann: Business Operations Update, page-102

Reading the prospectus I now understand there may be a new offering to merchants who would like their payment upfront in full.

I saw this as a major issue/ concern for a merchant, however further investigation shows the company is looking at taking a slice of the merchants receivables in lieu or as security for receiving full payment upfront, which one could suggest would increase SPT's income % with say a fee charge albeit not 100% sure how this would be implemented and potential risks associated?

I think this needs to be addressed and somehow implemented to gain mass market share but how I'm not sure just yet, but the team at the top prob already have this covered.

What I do like after further thought is that SPT are in essence piggybacking onto the credit card limits worldwide at no borrowing cost which is actually quite ingenious if you think about it, with also no credit risk, no backend to chase unpaid debts, and really once they hit enough critical mass merchant/customer wise they don't require further cash once cashflow positive.

Also once merchants are signed up they don't really need to market the product as the merchant will be offering it on their own website and at the checkout stage.

Anyway still researching, not convinced yet but warming to it.