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Low volume today. Day traders picked it up off the low and now it's sitting back where it was 12 months ago. I'd say that puts it in a very good position entering 2022 with a lot in the works for the first three months of the year. I'd say the thing holding up IOU is the potential CR hanging over head. It's been mentioned plenty of times by the company. The company wouldn't need to raise funds until late Jan early Feb imo.

In the last December 4C the company reported $2,165,000 in receipts from customers.

In the September 4C the company recorded $1,959,000 in receipts from customers. Given the 90 day terms under the moratorium, according to my calculations based on the number of mobile transactions during the quarter @ a price of .03c per transaction, I believe the September quarter would have been closer to $2,516,000.

The biggest e-commerce day of the year in Asian countries is singles day so I believe this will have a positive impact on the current Quarter as well as the larger merchants coming onboard and the Razer integration go live.

Last December quarter 4C was released on the 29th of January. I'm expecting the current quarter to be released on the same date next year and imo the backlog of transactions under the moratorium will begin to show up on the balance sheet, the quarterly numbers will show a significant increase.
This will be the beginning of the uptrend and will provide an opportunity for the company to raise capital at a higher share price. Currently spending just over $2m per quarter excluding merchant payments for BNPL. With a funding agreement merchant payments would no longer affect cash on hand. Expanding into new regions however will impose significant costs.

If I was running the show I would be sure to sign a cross border funding agreement coupled with a capital raise to support expansion into Indonesia. The company already has operations in Indo which makes expanding into the region easier. This should coincide with the release of version 2.0 of the app. Given the larger population of Indonesia and existing operations in the country this would boost the share price which supports the requirement to raise capital.

Would love to hear thoughts?