Ann: Corporate Presentation, page-94

The latest investor presentation confirmed “Novatti continues to successfully navigate the challenges of COVID-19 while pursuing its growth-focused strategy Strong growth has been seen across the sector through online transactions There has not been any noticeable slowdown in Novatti’s core processing activity related to the virus Revenue is expected to continue to grow through 2020 With $11.9 million in cash and cash equivalents, Novatti’s balance sheet is strong and ready for our next growth phase”

Whether the above is read between the lines for core processing has not had material slowdown but others have experienced will remain to be seen.

Interesting with the amount of selling going on post raise since the business has been ticking all the boxes beforehand.

Thought the latest raise was to sophisticated investors also so you’d think they would know what they were selling.

I still like this business, the management and partnerships formed so happy to continue holding.