Debt in place with top holding shareholders, at reasonable loan rates- refer Quarterly report. Additional loan extended for 1.5M by major shareholder- I don’t think it is in the interest of major shareholders to dilute the stock any further by any new capital raising.
Acquisition rate of travel agents was going well before Covid. 300 travel agents on boarded in the space of about 12 months. As travel resumes this will build on the positive momentum as more travel agents come on board. The payment platform they have is open for any integration and seems very flexible. These days having a system processing payments online is quite valuable as we move toward a cashless society.
Waiting on BNZ to switch on their new Eftpos machine as well. This has taken some time. $1m order worth of eftpos machines is quite a number waiting to be deployed. This will help boost revenues in the near term.
MNW Price at posting:
0.9¢ Sentiment: Hold Disclosure: Held
