epay malaysia is losing money, page-5

Brad......Euronet grew their business through acquisitions.

The UK and Australian markets in pre paid processing are now mature and Euronet see revenues as being flat in these sectors.

You are suggesting and indeed validating a point put by myself and Quik.

SKG are paying $42 million for a business which generates "maybe" $2m.



All it serves to do it extricate Loh and his 'group' to exit a losing position in SKG.

LOH effectively gets $42m out of SKG which is a dead company.

IF.........Epay Malaysia was the cash cow SKG are suggesting it is.......WHY would LOH get rid of it at all?


SKG will pony up the $28 million for 60% of a lemon.

LOH has found a way to get his money of SKG and his money out of EPay....

IF.....EPay Malaysia was the cash cow as you and SKG suggest......why didn't Euronet buy the remaining 60%?

You see Brad.......SKG will collapse once the placement is done.

The W Home business is dead........SKG said as much in the latest release.

So this means the ONLY income SKG will have is 60% of a doubtful Malaysian business.........

Hate to say it Brad.......but you have been had.

You will have to write of your $86k or if you had any brains.......sell at 40c and cop an $46k loss


wait any longer and you will be lucky to get the placement price of 20c