They just IPO'd. I can't imagine a cap raise a couple of months into being listed.
SPT being pumped because a handful of brokers who got into IPO knew that APT was a hype train.
I have to wonder how much $$$ these brokers offered to get two articles (SMH + AFR) to publish over the weekend to hit the far-reaching TA chart target of $1.875 today. Perhaps none, it could be a coincidence.
What's not a coincidence is the ~$8M worth of selling at the top. So much selling that it even gapped down pretty hard on the charts.
One has to ask the question; How is SPT @ $270M market cap with $400k revenues & $4.4m loss.
If someone's answer starts with: "Well because APT .... " then they're already destined to lose their money.
SPT Price at posting:
$1.61 Sentiment: Sell Disclosure: Not Held