Let's list them out
crypto- was meant to go live in mid 2022 how many millions in development work do think is sitting on the shelf generating zero income, ASIC being all hot and heavy and FTX blowing up at the end of the year is a very convenient excuse even though it's 6 months after the slated go live so I call Bs that it was prudent decision making.
Hong Kong- will be loosing them money every single month it is live. There is no way they are getting the volume of trades to cover the costs. Does not take a genius to know that there is zero interest in HKEX from Australian retail investors. Dan by all means please ask the question at the next 4c how it's performing vs the cost of running it.
Marketing spend- totally out of control, it's like watching a child spend money in a candy store, spend like crazy with no increase in customer acquisition numbers or trade volumes. What a complete wast after spending big $$ on a rebrand.
FNZ or OM who really cares, do the customers care or benefit, will it drive costs down maybe but it won't be enough to move the needle.
it has potential as a business but not with the current leadership, it crazy to think Stake and Pearler are taking market share off them and they have been around maybe 24 months with teams a quarter of the size, and seem to deliver new features that customer's actually want faster.
As for female investors, that battle will be won by Verve Money, who will launch shortly and again take market share off SelfWealth.
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