I believe we already have a very solid floor price set in now with the 50c CR and also going by last 2 trading days I have summarised the volume and VWAP.
The average price comes to 55c with 736m shares traded for about $390mil - we can see the strength of the trades and this has set a solid base around 55c plus the CR now.
Looking beyond the sp - we should focus on the upcoming objectives IOU wants to achieve. We can see they have ticked off many boxes and I am most interested now in the more juicy deliverables to come now in the days and weeks ahead.
MSA signed with banks and payment gateways
Complet Global Partnership - what does this mean?
BNPL roll out with new partners
Accelerated plans into Indonesia
+ Any left-field news to come
We have a very strong sp base now around 55c+ and if any more of these objectives gets ticked off we can only be higher in terms of sp.
I wish we can focus more on IOU's upcoming news and its success in rolling out its BNPL products - we can see they have achieved so much in a very short amount of time - now with more funds I believe we will achieve a great deal more! The sp will then take care of itself imo.
Going by IOU performance to date, I am extremely confident IOU will be able to demonstrate exponential growth and uptake in their bnpl services, when that happens the sp will be well north of where we are now. Therefore I am not too concerned with the daily sp movements as much as I want to see what's the next milestone they roll out.
All imo.
IOU Price at posting:
70.0¢ Sentiment: Hold Disclosure: Held
(20min delay)