The statement said that x15 is funding Payble, not ID8 to...

The statement said that x15 is funding Payble, not ID8 to complete an existing commercial trial.

Importantly Payable is a separate entity to ID8 (albeit ID8 owns the majority of Payble) so there is no possibility of the x15 money being used for anything to do with Overlay+. If CBA or x15 were interested in Overlay+ they would need to send money to ID8, not Payble.

I have a feeling today we might get a pump on opening, but end up in the red. Non-core ventures are a very interesting way to diversify revenue streams and grow the business beyond Overlay+ (which I think they will need to do once they reach scale), but I think it was important that JR re-emphasised the focus on Overlay +. Shareholders have invested in a RegTech business, and are assessing value and potential based on that business. A pivot away from that would absolutely change the fundamentals and the viability of the investment, which would need a new bottom up assessment of the business and cause a huge amount of share price volatility.