I understand people's frustration with IOU, given its pulled back 60-70% from its highs, but this was always going to be the main quarter, particularly with it being the lead up to Christmas and Chinese New Year.
We should have announcements on:
- This or next week – mid-quarter update, which should include an update on Razer and IPay88 rollout, which should have two weeks of progress to update and maybe some big name customers
- Bank financing for loan book- Expansion into SEA territory 2
- Updates on new products/markets
- Updates on IDSB final profit and strategic plans
IOU has a habit of providing at least one big price sensitive announcement per quarter outside of the updates, and I assume given the above we will be in for three or four price sensitive announcements between now and Xmas. Hopefully means that by the time the Q4 Quarterly comes out, we will know much more about the company and its progress then we do now.
Can't see much downside at current prices, at least.
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