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20/04/21

19:52

Post #: 52602627
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Originally posted by gsamuel: ↑

So what exactly are prepaid inventory?
Below is a good explanation of what it means for IOU's digital prepaid inventory business in the SEA region.

The best market comparison I can see will be what EML Payment does.EML Payment is a $2 billion market cap company that does something similar to IOU - but instead of operating in the South East Asian region, EML operates in the Western markets dealing in Prepaid Gift / Incentive & Reloadable cards - mainly for the shopping, gaming and leisure markets.

EML is similar to a certain extent, however, IOU's proprietary payment platform deals in the prepaid inventories that are more related to day to day necessities such as telco & utility credits, bill payments - South East Asian countries deals heavily in prepaid credits and this is what IOU is targeting.

I would assume IOU's ability for processing payments for daily necessities such as utilities and bills would be a huge market across our markets in Malaysia, Indonesia and Philippines.

From the mid-November $10mil cap raise - IOU said they were allocating $1.5mil for prepaid inventory or 15% of the funds raised. By mid-Feb IOU raised another $50mil so I would expect prepaid inventory allocation would be up substantially given IOU is now running these prepaid inventories in Malaysia, Indonesia and now Philipines as per their 16th March update presso.

If for example we allocated a total of $5mil to the prepaid stocks and if it takes 2 weeks to sell out of stock then the $5mil can effectively be turned over about 2 times a month generating $10mil in sales revenue. What if the $5mil stock takes just 1 week to sell out and we are turning over $5mil x 4 times a month? That would lead to a $20mil prepaid sales revenue a month. Obviously how fast we turn it over depends on cash allocation and the distribution sales channels that we expand to.

These sales would be in addition to Mobile banking services fees & the upcoming BNPL revenue.

Credit to KEV

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Can Kev come back here with a new username or is he ip banned?

IOU Price at posting: 39.0¢ Sentiment: Buy Disclosure: Held
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