Stockrocker, I understand your concern about being...

Stockrocker, I understand your concern about being over-optimistic and I would usually restrain myself. This isn't my first rodeo and I have seen many top quality growth stocks fail spectacularly but the rate of signups continues to accelerate and their clients continue to be top quality tier 1 clients. Even given a conservative scenario that assumes they maintain their current signup rate of 25 clients/month we're looking at in excess of 400 clients this time next year.

Even if they achieve this base case scenario the current MC is criminally undervalued. Now factor in their global expansion plans in Hong Kong, Singapore, NZ, US etc which have delivered a relatively small proportion of the total signups to date and things get very interested.