Had a read of the report, I think other small funds will enter the frey now that the Cardhero business model is out there for all to see, tightly held - so obviously can move very quickly.
The chart looks great, volume has dried up nicely last 2 months - sell side almost non-existent, if there is any buyer momentum this could move towards 30c (IMO). Further penetration into disbursements for NDIS are required, which could take another 6M as LWoB plays the guinea pig as the first mover. Success literally equals a potential to snare 30% of the NDIS disbursements.
8CO Price at posting:
22.0¢ Sentiment: Buy Disclosure: Held
