News: IOU Ioupay Says Wan Asmadi Wan Ahmad Tendered His Resignation As Chairman, page-15

"“We are delighted to welcome Dato’ Wan as Non-Executive Chairman of the IOU pay Board of Directors. Dato’ Wan not only brings valuable corporate advisory and investment banking experience, but also has strong regulatory and compliance skillsets, that will assist the Boards focus and vision. We look forward to Dato’ Wan’s contribution to the Company’s leadership and strategy as we move onto our next phase of enterprise development and market expansion.”

Can you highlight the bit that says "is an expert at securing funding facilities"?

What's Dato's expertise? Regulation and compliance.
What has IOU spent buckets of money on? Regulation and compliance.

I'm not going to spell it out but it's entirely obvious to anyone why he's gone (maybe not you Kev).

Despite the drop in share price this has caused, this isn't a negative. I'm calling a drop in compliance/admin spending on the next 4c. We'll see who's right