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Ann: IOUpay Acquires 42% of I-Destinasi Malaysian Finance Company, page-271

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SebbyV

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09/09/21

16:25

Post #: 55951860
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Originally posted by LJohn: ↑

1. Not sure what you’re saying - they’ve had 37,000 customers for 30 years and this numbers never changed? I don’t believe that’s correct, but either way shows remarkable consistency in an industry not known for that.
2. Profit is profit - are you really concerned about our managers not being able to take credit? I’d rather profit every single day, together with the relationships, goodwill, IP and experience that comes with it.
3. You’re taking what a HC poster guessed as fact. They’re not doing that. The core business is still digital payment and BNPL, but now they can access these customers and be allowed direct marketing and line of communication. This gives them a chance to potentially onboard more customers - potentially from a segment not known to use BNPL.
4 + 5. Potentially - but they said it could be any number of funding options, so could be a share issue. Also, they’re announcing partnerships with banks in the next couple of months which will fund international expansion, and cover the loan book. However, a CR with BNPL is always inevitable. Just look at APT and Z1P.

Last response to you, as I’m now thinking you’re deliberately missing valid points and making up small issues (ones your repeating over and over, despite not making much sense). I’m going to trust the board and Malaysian bankers who are on the ground with 20 years of experience, who believed this was the best deal for the company, than a poster who is beside himself over some red on a day of blood on ASX and worried that a CR may now one day occur.

Expand

What’s so hard to understand? The crux of your argument is that paying $40m to market your product to 37,000 customers is a good deal - quite simply, it is not. I agree let’s hope there’s a lot more to this than has been outlined in a 6 page release.

IOU Price at posting: 30.0¢ Sentiment: Hold Disclosure: Held
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Ann: IOUpay Acquires 42% of I-Destinasi Malaysian Finance Company, page-271

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Ann: IOUpay Acquires 42% of I-Destinasi Malaysian Finance Company, page-271

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