Many in the market including those PIL kids fail to understand...

Many in the market including those PIL kids fail to understand that IOU's Digital Payment business division is basically the same business model as EML - but instead of EML processing prepaid Gift Cards / Reloadable store cards - IOU processes payments for prepaid daily necessities such as utilities, telco credits and other types of day to day bills.

IOU in the past was limited in its ability to expand this business without cash funding - you can't prepay for credits and onsell it if IOU didn't have cash.

Now with $55mil cash IOU is expanding its digital payments from Malaysia and into Indonesia + Phillipines.

IOU's CEO mentioned in his video presentation today that if IOU allocated $1mil cash to prepaid inventory - these stock typically sells out in a week which means the $1mil allocation can be rolled up to 4 times per month generating a revenue of $4 million a month.

We can extrapolate this out on just a very conservative base case from operating in the 3 target markets of Msia, Indo and Phillipines, with each country turning over just $1mil prepaid inventory a week, that translate to $12mil revenue a month or $36mil sales per quarter.

The above revenue projections are before any Mobile banking services revenue and BNPL sales.

Personally I can see that IOU revenue growth IOU will be exponential in the very near term starting with the March quarter end.

credit to Kevin