Ann: Appendix 4D and Interim Financial Report, page-14

I think part of the issue is it a lot of these companies are prepared to take the risk on of the fine vs paying for a software that's going to change a manual process into an automated one.

let's not forget that they do have some big clients albeit not many of them but they are the technology is being used by MasterCard the technology is being used by Rabobank the technology is being used find novati the technology is being used by standard chartered bank in Australia so clearly they've got a use case for the software being used but it's how do they scale it.


one of the things that I've never understood is the price they're going to market with they take 6 to 12 months to sign a client and then they sell it for 60k to 100k that's just not units of economics.

the only way it works if selling it at that price is 1 locking in long-term deals + being able to solve them with a shorter sell-cycle which they have told us that they are with the sandbox environment.

let's not forget this process needs to happen in thousands of organisations but they are happy to do it manually this is the reason why I probably can't sell it for more than the price that they are so the only way around that is to be selling it on scale

another option is is plugging the software into another provider that has a large pool of customers such as a partnership deal this means that able to sell the product through mutual collaboration with another company that has hundreds of potential clients.

as for their payable. this is very soon going to be worth more than the current market cap if the price keeps going in this direction that company is very setup for scale and Elliot has said that business setup with the local legislation and this will be potentially a game-changer company in the next 3 to 5 years that Id8 currently still holds over 30%