$1 Club, page-19806

So was going through previous announcements as some people queried where I got the $1.5mil prepaid inventory allocation from.

From the December Quarter end and also Half yearly account, IOU has allocated $1.5mil cash for digital payment prepaid stock which they held on their balance sheet as at 31st December 2020. See below

Bear in mind this $1.5mil allocation to prepaid inventory occurred as a result of the CR in mid-November fro $10million.

Going by IOU's ceo KL Khong video presentation last Friday in which he gave the example of revenue generation from just a $1mil allocation which turns over weekly this translates to about $4mil prepaid inventory revenue a month or $12mil a quarter with gross margins of around 3%.

Have they allocated more cash to prepaid inventory since the mid-February $50mil cash raise? Yes, it seems like they have as it was mentioned in the CR announcement but the quantum of allocation is unknown. See below.

Without BNPL revenue yet - we are expecting a substantial revenue growth from Prepaid inventory sales for the March quarter end just passed.
Add this to Mobile banking services revenue which averages $2mil a quarter.


December Quarter end Report




From February 18th capital raise of $50mil