$1 Club, page-28746

Not surprising that the company didn't release the 4C yesterday. As I said, they're at least consistent. It's also only going to show text and a couple of tables as per previous quarterly reports.

In the recent hiring spree there were job advertisements for a graphic designer. One can hope that part of the job title will be to produce higher quality reports for those that want to see this.

As for the company releasing on the last day allowable there's really nothing to be said. While annoying it's not a breach of the ASX rules.

I think it's worthwhile considering whether management see shareholders as part owners or a means to an end though. If the business delivers and the share price appreciates then I don't really care. It does appear there's a lack of accountability though as communication with shareholders has dropped off significantly since Calvin Yeap left the company. Definitely an area that could be improved in my opinion.

I believe the 4C will be pretty good but I think management could do a much better job at promoting the success of the business. When operating as iSentric the business has always been a "behind the scenes" player. They've provided backend services and been white label and not consumer focused. IOUpay however is consumer focused. While the company has gone the route of signing up master merchants to grow the business which is working well the company seemingly is still acting like a "behind the scenes" player. They lack brand awareness and they fail to promote the business to potential shareholders. I say this not as a gripe but more as an area for improvement.

My opinion is that potentially the company is being lead by too many people that are primarily technically minded. Generally speaking, technically minded people are great at the details but not so great at connecting with people. Calvin Yeap did bring this quality to the company which is now missing. I think it's time that IOU considered finding someone that posses a marketing background and has the ability to communicate and connect with people as this is the element that is missing from what I consider to be a great business.