I am surprised you brought up the Prepaid Inventories Stig - most people do not go into that level of detailed reading haha Well Done!
Yes you are correct and its a point I have tried not to raise too much as I didn't want to take the spotlight away from the BNPL side of our business.
Prepaid inventories is in fact going to be a big part of IOU's digital payment business division - it already is an important and rapidly growing business segment for IOU.
This has been clearly articulated in the past quarterlies and company updates.
Specifically - there appears to be big expansion going on with Indonesia and IOU's digital payment business - refer to snippets from IOU report below about $1.5mil being allocated for prepaid digital payment inventories. Below details were the result of our last CR in November for only $10mil . What will they now allocate to prepaid inventories with upwards of nearly $60mil cash in bank !!??
We now just raised another $50mil plus $8.5mil cash on hand, giving IOU a company defining cash balance of $59mil to advance all aspects of its business in Mobile Banking, Digital Payments and soon to go live BNPL.
Just think the level of revenue growth this will translate into for March ending quarter and June quarter with this sort of cash balance being in the digital payment and bnpl space.
I have included their revenue models for those who are interested on real FACTS instead of the other rubbish that's been circulating here by some of late. If only people read more like you Stig there would be less world wars
DIGITAL PAYMENT Division Revenue Model
MOBILE BANKING Division Revenue Model
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