I have no doubt that they have been busy with upsales to existing clients. They have advertised consistently for skilled staff last 10 months.the latest being for a project manager for a Singapore client(Manchester group?) NYSE have just announced they will cease using LCH clearnet in Europe and US as their clearing party and will set up their own ccp platform.I am not sure what this means for RZR.No idea if they are in the picture of NYSe or if they will lose revenue from LCH. I just wish they would announce a new license sale soon.Its been over 1 year now since their last one(KPEI)and there has been no announcement that it has been implemented yet, tho Andrew (CEO)told me that all was on track a while back. I think the good news is that they have made a profit without new license sales.Also IDCG's exchange is gaining traction and might be a winner.The downside is how long can they keep making revenue from existing clients without new ones?
RZR Price at posting:
2.7¢ Sentiment: Hold Disclosure: Held
