I have the section circled below. Attached from the prospectus.
i also agree to go viral merchants need their money upfront. They will do it. Splitit have a better guarantee of payment since the money is on hold with the credit card company anyway which I feel is still a safer position than say Z1P or afterpay.
also they need an app where your credit cards can be linked to the splitit app showing monthly ongoing payments. The amount of funds on hold and your still readily available credit limit. It should shoot reminders to customers who have splitit payments pending.
I personally think management are already all over this. They are smart guys so if they aren’t already on top of this then they aren’t as smart as I think they are.
SPT Price at posting:
88.0¢ Sentiment: Buy Disclosure: Held