$1 Club, page-25607

Honestly I have no idea. What we have been presented with is a solid ANN and great growth potential. How the market prices IOU after this is anyone's guess. Like I said previously, most BNPL stocks (though we are more than that), are priced based on a multiple of TTV. If we go by that, the $6.5 million just announced equals an annualised TTV of $26 million. Based on that our MC is only a 5x multiple to TTV. Many BNPL's trade between 10x to 30x of their TTV depending on their growth.

So right now we are trading 5x multiple, so I do believe there is plenty of upside just on this ANN, but it still comes down to the next few ANN's to show the market what sort of growth IOU can achieve. If we start hitting solid increases in the next few quarters, our $1 club will be no more and we'll be starting a new thread.