I agree, this sentence in the annual report caught my eye:“This...

I agree, this sentence in the annual report caught my eye:

“This agreement provides a basis for 9 Spokes and Visa to potentially collaborate on mutual areas of interest. The agreement itself does not infer any commercial benefits or obligations on either party. Discussions are continuing well.”

but it’s hard to know, because maybe the Microsoft and visa agreements are merely in place to help get the US bank over the line, hence it remains the only real catalyst. Hope news comes soon, she’s been a long wait.

On a seperate note, I like the tone from the chairman and new CEO in the annual report - coming clean about the struggles and how there initial strategy was way to aggressive. And now with the business rebased, the positive outlook they are painting feels somewhat more plausible.