The IPO shares have been sold to all the retail investors at as much as 10x, now they are being sold back to others at as much as 30-40% losses. Soon people will be selling through fear and the realisation that they have bought on fomo, now beginning to panic that maybe this will take a couple of years to accumulate any decent retailers or come crashing back down to sub 50c, some then averaging down their holding and telling themselves that this is a long term hold, then after 6 months and starting to notice that no retailers whatsoever have Splitit, they may be onto a dud, so they sell their holding back to the original IPO buyers who end up with huge parcels and a free ride forever.
SPT Price at posting:
$1.33 Sentiment: Sell Disclosure: Not Held
