Everything continues to impress except the monetisation. It appears that they only collected $30K last quarter. However, I trust management enough to believe the "it's coming it's coming it's coming" mantra isn't actually distracting them from building the network and positioning themselves to be bought. They would know that an acquirer won't be interested in revenue from thousands of café owners begrudgingly paying them $50/month to give away free coffees. It will be the presence at point of sale. Rewardle continues to be the only platform I see anywhere and I see it more and more and it isn't affiliated with any credit cards or bank. Having seen the massive re-positioning that Woolworths is doing with its rewards platform, I'm increasingly seeing the enormous value of RXH to a whole range of potential buyers.
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