There are a few rude pricks on this forums atm, I don't appreciate assumptions on my holdings or not wanting to share an email, i'll get on the computer and share when I feel like it.
For those interested, I know
@tropic was, here is Trent's reply to my email. I asked about which direction we are headed, clarify Don's shares he 'sold' (it was a transfer, as thought). Again, he is approachable and it's obvious to me he is trying to gain a clear direction.
We assist workers and employers in meeting their regulatory compliance across the hire to retire lifecycle. While we are seeking to consolidate, clean up and sharpen the messaging under one new brand (coming soon), we are still in the same business of facilitating payments and compliance messaging between regulated authorities and employers (through payrolls, APRA Funds and federal departments like the ATO). The core of these messages are; SuperStream, Single Touch Payroll, and facilitating the employer direct debits. The technology to do this is transitioning to the Comply Path platform (also known as Bond) so that we use one set of up-to-date, secure technology.Newer to the business is the H2R Onboarding product which uses the same platform but has more third party / government connections (like. ACIC criminal checks, Visa status and more). This product is focused on the Payroll and Larger employer segments to solve a gap in employee/employer compliance. This is really more of the same compliance moments as SuperStream however they are much more valuable to our clients and our business.Payments remain important to our business and we need to balance the investments we make. We intend to continue to play a critical role in the Employee pay space however there are some edge cases that are not linked to pay that we will not be investing in. There are open standards that are comming (such as NPP) that will change this landscape and the cost to participate. In terms of PayVu, the technology is being leveraged however we will not be investing in the brand separately. With the size of InPayTech it just doesn't make sense to spend across several brands - it also confuses our customers and investors.KeyPay is payroll for small business so plays in a different space to PayVu (facilitates direct debit payments). KeyPay do use SunSuper Beam. Beam licenses a portion of our Comply Path platform so we earn license revenues rather than transaction revenues via our ClickSuper product. It is a win win win for us. We service some clients directly (higher cost to serve and sale) and we service other clients indirectly via the Beam contract (lower revenue per transaction without cost of sale or serve).In relation to ClickVu, it is being integrated to Comply Path (Bond) as we speak which not only gives us more product to license to APRA Funds (like Beam) but also provides the Employer and Payroll analytics on "Worker Compliance".Assuming the 250K is referencing the ClickSuper transactions that have been down around that amount YoY, the main driver is competition (Beam and SuperChoice), a lack of feature investment and low sales & marketing activities. This is an important revenue stream and the business has tackled this issue by a) Bringing on a head of growth to activate the Payroll channels, Bringing to market the H2R solution as a higher value revenue share model with Payrolls and increased the features to cover STP.20, Rollovers 3.0 and SMS ESA registration.In relation to the substantial shareholder notice, these related to 2 original investors that both changed their fund to a compliant fund via JP Morgan so the ownership never changed. The administrator of the super funds did change. It is frustrating as it looks like a sale or shift of ownership however there are no changes. We remain a tightly held stock.I hope this helps with your understanding and assessment of the business. If you would like to discuss further I am more than happy to arrange a call.As always feel free to reach out. I have restrictions in relation to forecasts but I am always keen to explain our thinking and activities.
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