Ann: Quarterly Report and 4C, page-20

The drop in customer receipts is disappointing but they have now set the wheels in motion to significantly drive up revenue growth over the second half of this year.
Clearly it’s a numbers game, to make any significant revenue you need huge volume and to get that you need huge numbers of agents doing transactions.
They currently have around 55,000 agents but the Bank of Philipine Islands deal will give them access to another 4 million potential customers. There will be a targeted marketing program to those 4 million BPI customers starting soon (Q2).

I have no doubt whatsoever that the finance license will be approved and that will be a major draw card in attracting new customers to sign up as Bizmoto agents IMO.

PIL is a great punt for those willing to hold for the next 6-12 months IMO. I’ll be holding onto my shares.
I suspect today will be the day they try to take the sp down below 2.2???? Let’s see