Ann: Appendix 4E - Preliminary Financials, page-10

Did I have revenue? I’m struggling to understand why RFN paid a $29m valuation for it last year if it has no customers or revenue. How are these patents valuable of literally nobody has blockchain commercially deployed for loyalty and rewards. Patents only have value if someone is using the granted claims in the market. Why does nobody else have a commercial deployment other than RFN if Loyyal management was as incompetent as some here claim then to have been. Maybe because it’s a stupid idea that doesn’t work? Really, no billion dollar global tech company like IBM can’t beat a broke tiny startup to market? Or they looked at it and said, stupid idea nobody will want to use. Which seems more plausible?