Ann: Appendix 4C - quarterly, page-18

What a comprehensive report, full of explanations of problems/solutions and opportunities etc. Including Opportunities to bring operations in house and take control for security of processing and much better margins.

I especially like the following:

"Australian Processing Landscape Update – Opportunity and Risks
The Company has also received notification from its Australian supply partner, the NAB, that the
NAB’s risk appetite has changed. The NAB advises that it intends to exit processing of all High
Brand Risk (HBR), eWallets, securities, and CFD, FX trading merchants, except those HBR
merchants associated with gambling/wagering, within the next few months......

High Brand Risk processing is not a focus by the Company at present, however, transactional
banking associated with CFD, FX and securities is a focus for the Company. The NAB exiting this
area represents a massive opportunity for the Company, as the NAB has the majority share of
processing of these merchants in Australia.
The Company has commenced on strategy to ensure that it can attract and retain merchants in
the lucrative MCC6211 category, as well as support eWallets into the future."

[my underlining]