The "relative value" commentary is old news. We knew about that over two years ago. And the licence will mainly mean that bizmoto does not have to pay fees to a third party licence holder.
The volumes being traded suggest there's other reasons for the SP activity.
What we are looking for in the quarterly are:
1) flesh on the bone for that M&A comment made earlier this year
2) a more definitive date for launch of MASS-SPECC
3) whether MASS-SPECC provides a model for the whole cooperative sector including cooperative banks and whether that is being pursued
4) analysis that will placate concerns about repayments by BizmoLoans customers, which look terrible
5) updated Top 20 - we want to know where the buying has been coming from
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