XERO, MYOB, Microsoft Dynamics, page-55

Hi all. I got into this last week at 1.2 and got out today at 1.6 so a bit late to enjoy any real growth. The reason I got out was that I felt that whilst it looks a bit like a BNPL company, it's not. It offers credit through a third party I believe. It also costs quite a bit to use. As the owner of a small business myself I focus a fair bit on how much a convenience is going to cost. I use Xero already but I'm not a super user and don't have inventory so maybe with customers who are buying and selling a huge amount, it might be worth it. I also wasn't too convinced about it being overly unique and felt that the system could possibly be replicated relatively easily by those with a lot more knowledge of these things than I.

From a quick trading point of view I think there could be some really good money to be made, particularly in the lead up to the go live announcement but I don't consider myself much of a trader and have neither the skills or tools nor experience to do it confidently. I might get back in again as I do more reading and can convince myself it's worth another crack. I'd urge a bit of caution to others though - it's not the same as some of the other companies enjoying a lot of notoriety right now so don't expect that 1c to turn into a $1 that quickly.

Good luck.