I'm not one of the band who don't welcome comment from people who are currently non-shareholders. But, sometimes, being a shareholder means you look at things more closely. Aeroline may have buses, but that's not the area that YOJ is dealing with.
From the YOJ announcement of November last year:
"Aero Line Services operates under the umbrella of the Aero Line Group (formerly ALSSB), a market leader in expresscourier services to the financial industry in Malaysia, ensuring that documents are transferred between banks in atimely and secure fashion. Aero Line have multiple companies operating under the umbrella of the Aero Line Group:they are an automotive & fleet support service provider for many corporate clients such as: financial institutions,telecommunications companies, health and social services, educational establishments, and other industries inMalaysia
"Yojee’s agreement (via Yojee’s wholly owned subsidiary Yojee Solutions Pte Ltd) with Aero Line Servicesis on enhancedcommercial terms with minimum monthly fees, consisting of a base fee over a 36-month period, along with theaddition of project by project fees at 10% of the projects revenue. Projects may include: interchange of mortgagedocuments between branches and legal firms, cheque collection and delivery to sorting centres, and the transfer ofdocuments to secure storage units.
Aero Line Services is an existing customer of Yojee, who after utilising the technology in other areas of its business hascreated a partnership with Yojee for this new transformational project to begin digitising and transforming areas ofindustry that Aero Line Services has already provided 9,000,000 freight movements to over the last year."
As per the announcement, this revenue flow only commenced on 15 November 2018.
YOJ Price at posting:
6.0¢ Sentiment: Buy Disclosure: Held
