20 cent club, page-18

I haven't posted for a while and it's post like yours that make me just sit on the sideline with my shares and not make comment, but I really have big issues with what you are saying

1. The IOU chart is bear, it is making low lows every fortnight. The share price may settle around $0.25 by coming Friday and with credible news it may run up to $0.30 and again decline to same $0.25 -$0.20 by end of June
So according to you, the maximum it can run to on "good news" is to $0.30 but will then go back to $0.25-$0.20. So announcements on merchant sign ups, app downloads, hard launch will only make the stock go back down to $0.20? Really??

2. Only once IOU had three consecutive green days since a transient run in Feb, it is loosing its value every week.
Great observation, but you seem to indicate by this statement that it is going to contniue losing value every week. This just won't be so.

3. There is very low chance that its BPNL business will be successful in SAE otherwise market giant like APT and Z1P has already launched its product or acquired a successful BPNL.
You mustn't listen to any of the online webinars or interviews, nor read any company announcements. They have a pool of 75,000 merchants they have the potential to sign up. They won't sign them all, but they will get a good portion of them. It took APT over 5 years to accumulate their 75,000 merchants, Z1P has half that, but IOU can sign up this amount without any sort of cost. How do you not think they would be successful in SAE. They have the connections, they have their existing data, eKYC abilities to check the underbanked and unbanked - APT and Z1P have none of this.

4. The margin in SEA will be low and making profit from BPNL requires a huge customer base (with AUD $300= RMB1000) it will be mammoth task to make it profitable and at we need to wait at least 2 quarter to see how it is performing
The margin for BNPL is low everywhere. Doesn't mean it can't be successful. IOU has already stated they are looking to be profitable from the start with BNPL, unlike APT and Z1P they are running up huge acquistion costs to get merchants onboard. AUD$300 is plenty. This is about the average that APT works from. It's just a volume game. As long as IOU gets a reasonable amount of merchant sign ups, there is no reason they can not have the volume. Would see at least 5000 to 10000 merchants onboarded this year and this would be for Malaysian market alone. Indonesia and Philippine markets still to come. Yes it is going to take a few quarters, but what is wrong with that. Took APT over 5 years. We only just started 6 months ago and once hard launch comes, our uptake will be extremley quick.

5 IOU seems to be putting its hand every where rather than focusing in its core business, digital payment, BPNL, Digital Banking and don't know what's new...
This statement is just WRONG. The old BOD took it away from it's core Fintech business. The new BOD has done everything to bring it back online. Digital payments and banking it was already doing. The new part is BNPL, which is a perfect fit for the company

6. The revenue of $3.5 does not support its market cap.Again - this statement is WRONG. Go back through and read. They have over $0.10 enterprise value on the cash they are sitting on. Market cap does not necessarily have a direct corelation with current revenue. If that was the case, your favourite 2 stocks you keep mentioning - APT and Z1P - would be nowhere near their current stock price. It is also valued on the potential growth and once we have hard launch our revenue growth will be exponential

7. IOU is still sitting with $50M cash from CR and they do not know what they will be doing with their cash.
Again, just such a wrong statement. You've heard they are going into BNPL?? What do you think is going to initially finance that?

8. The delay in hard launch will further deteriorate shareholders faith, and current COVID crisis in Malaysia is not heling any business.
This part is true. Delay on launch has hurt the stock price in the short term, but why sell now when we know it is only a week or two away. COVID doesn't help, but it is not permanent. It is only short time it will affect. Online merchants can still sign up, people still need to pay for utilities, telcos, clothing, food, etc and that will be done through online.

Basically I can see you are not an investor. You are complaining about short term things. You've bought around 0.35 expecting a large price hike, but now that hasn't happened it is all doom and gloom for you. I've been sitting on a large parcel now for 6 months and will be doing so for at least the next two years. This is a long term play. The conversation at the end of the year will be very different to now