I disagree - AT & T had this in their labs for 18 months...

I disagree - AT & T had this in their labs for 18 months throwing huge volumes at the system - it works.

Take up - I agree still in its infancy but will gather momentum.

Cash conversion - yes and hard to tell whether COVID being blamed or a real issue. I suspect not.

Key thing is that CISCO numbers not in any prior quarters (even the record one) - so no excuses this quarter - I would want to see 60k + plus users, better cash conversation and news flow.

I think the emperor is wearing clothes - just management not throwing sugar fix announcements out and anything stated in the quarterly / web preso stands - so two of the four banks trialling our tech.