Ann: Annual Report to shareholders, page-215

Benjamins, imo Almost all of the analysts valuations on technology stocks turn out to be incorrect as there are so many unknowns.

IMO, if analysts were such experts they would be relaxing on their own private island and not wasting their time completing company valuations

Benjamins, what you don't seem to understand is that MBE is in the early stages of expanding its DCB network in an already competitive global market with already major established players which have spent a small fortune on establishing themselves on a global scale over the past few years.. There is a high level of risk for new players - small caps trying to gain market share and profits..

Fortumo offers direct carrier billing in 94 countries, in partnership with over 300 operators through just one payment integration

Bango has launched Direct Carrier Billing into more than 140 mobile operator markets and holds more than 200 million billable mobile identities. Bango continues to acquire major customers for its mobile payments technology while massively expanding its reach.

DCB, comes down to technology, commercial partnerships and level of conversion rates..

DYOR