I agree with you, I’m very happy with the progress the company...

I agree with you, I’m very happy with the progress the company is making.

My comments are not just in relation to the latest announcement, but all the additional activity combine since the application was first lodged, acquisitions, capital raises, launching new revenue streams etc all these items introduce different risk parameters which I would imagine require consideration.

The reason for the application process is to ensure that Novatti is going to be a long term sustainable business not end up like xinja bank which folded after a few years.

APRA tightened the screws on the application requirements after that as well.

I have the utmost confidence in Peter Cook as a CEO moving forward with that said I am certain he has absolutely no idea when a decision on the bank licence will be made so trying to read into his phrasing of the matter is useless in my opinion