Ann: SBI contract generates significant revenue and EBITDA uplift, page-9

I don't think they need capital (at least not for the ATMs under the SBI contract).

The statement reads "Undertaken by Findi’s wholly owned subsidiary TSI India, the contract is expected to be 100 per cent funded from the Company’s free cash flow and new bank facilities"

Then when the white label license comes "With a white label licence, Findi will then redeploy all existing SBI ATMs as Findi branded ATMs, delivering an additional 3,000+ ATMs to the Company’s network" - I don't like they require material capital to do that as they aren't starting from scratch.

If this is the case and they don't need the capital, shareholders would be much better off if those Jan-24 $0.90 options just expire. If they become in-the-money and are exercised, shareholders will be diluted by about 1/3rd (18m options against ~37m shares outstanding).

The company looks to be in a really good place and could see great returns over the coming years!