Investsmart Article, page-15

Chairman Spiro Papas , did say with the small transactions they actually off load them to afterpay,
So far they have achieved about $20m in transactions with as little as 100k in marketing , and almost zero staff , only chasing the very low bearing fruit

70% of money raised will be used for marketing ,


They have the best of the best in high management

Something else Spiro Pappas was saying , when comparing with afterpay there average transaction is something like 100-200$ , where spt is $1000 and going up , and spt don’t need to do 1000s of phonecalls a day to chase the late payments , on other words there expense is so much less then afterpay with zero liability for all loans ,
He talked about the performance shares for the directors / senior management, it’s all revolving around in the third year a billion $$ in total value of revenue
150m this year
350m the next
And 1.1b the third year
It looks very achievable, the way spiros talked about them
This company could be break even come December


If I knew about this company when they listed I would of went hard and long

I can see why the share price has went from 20c to $2 ,