CRO chart, page-1408

That could make a lot of sense given the Industry Report which was commissioned for Xero in 2019 , and which CRO seems to leverage ALL it's forecast numbers on.

Plus Xero only has approximately 168 customers or 2.29% of it's total Customer profile in RETAIL , with a further 1.8% in construction , 2.55% in education , and 7.74% across the TWIN Industries of Financial Services and Advertising & Marketing. With XERO ( zero ) Manufacturing ....

So that's only 1,056 or 14.44 % of their customer out of their approx 7,330 entire Global Customer base , and which are comprised of only 1,432 or ONLY 19.5% of their entire Customers being contributed from Australia.

Interesting also is the fact that out of the total 7,330 Global Xero customer accounts , 34.57 % or 2,534 of those companies are represented with employee head counts of 1- 50 ( so relatively small ) ....with a ' Whopping ' 40.79% having revenues of between $1 M - $10 M.....with the next biggest category having 50 -200 employees with revenues between $50 -$100 Million and which were on 15.44% and 14.08% respectfully.

So that's pretty much 50% of their Business in these TWO categories ..... and ONLY 19.5% coming from Australia.

So my conclusion would be that a ' tie-up in this regard could be very well be not without its merits ........and who knows , maybe the 20,000 Customers are the 19.5% or a indeed a portion of these accounts ....have are actually about to be ' Hived ' off to CRO so they can better develop the Australian Market with their Growth proposals and ' Pay Later ' finance applications.

And no question if this were to be the case , this stock would be easily .....and swiftly re-rated to 25 - 50 cents. So I guess we shall just sit pat as we do as ' Professional Investor's ' and wait for the potential ' Game Changing ' Announcements in the B2B e-commerce space .......