Thus far they were sitting on $50 million for a while and every one was going bonkers over they did not spend a dime. That amount was going to last them ages at the previous quarter burn rate.
IOU is not just a buy now pay later company to begin with.
Once they do spend those dollar in buying a stake to be in major leagues, every one looses their mind....
Gap is closed, which was only stopping most buyers to get in given what we saw for month with a gap at 20c.
15% to gain from current prices. IMO Razer Announcement is due as well... Hour of power will tell and tomorrow what happens.
If you are so keen to know financials about the company buy the report. Cheers
Ann: IOUpay Acquires 42% of I-Destinasi Malaysian Finance Company, page-187
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