That's a post that I can applaud - balanced, calling out someone...

That's a post that I can applaud - balanced, calling out someone who's a few keys short of a keyboard and humour!

Having had the carpet pulled out from under us by PC with the last cap raise and having to live through the subsequent downward spiral we need a healthy dose of realism.

The new CEO comes across as being commercially minded with a focus on the core drivers of acquiring, issuing and processing. I am relieved that he is looking to domestic markets for sustainably growth. Novatti is a classic example of a micro cap that has tried to expand too quickly and when you add international markets such as the US with Emersion, you expose yourself to significant sunk costs and established competition. The rate of cash consumption is a major concern and has to be Mark Healy's immediate priority. He's talking a good game, let's hope he can deliver!