Market simply not realising how big this is and what the change in direction from the EU regulator has caused to happen. This client is a monster. Even if you just look at the KYC work they will get for each client which John has said previously will be c.3 Euro per annum, the company is cashflow positive.
If you read further into the EU regulators comments and they have to get all their current clients authenticated by December then this is going to be well profitable by Dec QTR and that's without looking at the AML work on the transaction / payment processing even if they only get a portion of that work.
Happy days
ISX Price at posting:
24.0¢ Sentiment: Buy Disclosure: Held
