Ann: Further engagement with HSBC, page-28

I think your on the right track @Daning. ID8 potentially will move into the ASX300 then towards ASX200 if they can nail some serious contracts with a number of finacial institutions. Many might laugh at the chance of this but as a tech solution that saves banks serious $ and time i expect deals will flow quick once HSBC expend further and another financial institution jumps on board. Potentially a move to the US markets could be on the cards as well down the track as ID8 sign up Us finacial institutions and see a US listing as a real opportunity to gain value for holders. All comes down to the numbers here and IF8 potentially could see numerous financial institutions paying multiple license/ongoing fees in multiple geographies. No brainer that in time this is going to be a big 1.