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taifatt

296 Posts.

15

15/06/21

14:12

Post #: 53850320
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Originally posted by 61289439 ↑

SP won't move much until we get that first quarter of figures. Razer is another exciting announcement, with now over 130,000 merchants at IOU's access with their combined signings, but as with some previous announcements, they don't have anything financially material to them until we have the merchants signed up and people are using myIOU to make payments.

It's just a matter of patience. Like I keep saying, the conversation and stock price will be very different in 6 months. We get that July-Sept quarterly under our belt, with merchant sign up announcements, APP download announcements and we will be laughing.

We've also got Indonesia now coming into play shortly with the BNPL and who knows how big that could be. If they can sign companies up like they have in Malaysia to get quick and easy access to bulk merchants, we will be a powerhouse in SEA.

I love that with a lot of these signings, there has been no monies paid by IOU to gain this access and with Razer, the agreement puts the onus of Razer to do the promoting for IOU. We now have a BNPL product in the market place. It's just a matter of time for the first financials and then the bigger side of town will have to start paying attention to IOU. That's when we will see some signifcant movement in SP, but as I have always said, I am in long term, so SP doesn't have to bounce hard for me. I just want to keep seeing them complete their roadmap and the rest will take care of itself over time

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IOU Price at posting: 32.5¢ Sentiment: Hold Disclosure: Held
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