Ann: CCR FY21 Annual Report, page-54

Yes It has been been disappointing but it is not really the boards role to provide commentary on the share price but without asking them I believe they would also be a bit perplexed as to why the share price is so low. David has said he will not forgo top line growth because expenditure will occur. This is a land grab and CC have the lead in this space and the more and more clients they bring on (currently 1079 clients) it will create a critical mass and the revenue will follow.

The revenue will come for instance from the licence agreement with Remitter, CC are entitled to $300000 per annum or 5% of revenue. Now they have acquired Mercantile Adjustment Bureau with expected revenue of +20 million CC should receive around 1 million per annum. Then they are looking to the establish a presence in South Africa and the UK as well as the USA. This is an scalable product but as with all technology companies need time to prove the model and then grow it.