Valuations are relative - so digest this:-- Afterpay has a...

Valuations are relative - so digest this:-

- Afterpay has a market cap of $38.13 billion
- ZIP has a market cap of $3 billion

IOU has a market cap of $87.8 million

IOU is compelling for number reasons including:-

- it operates in one of the fastest growing markets in the world - being SE Asia
- its shareholders / directors and management are well connected with significant financial institutions in the region
- the company is already gaining traction with major players / financial institutions in the region as stated in the Operational Update dated 15 December:-

"The Company has now received approval from a card issuing and merchant acquiring partnership bank of one of the two Payment Gateways which enables the Company to process BNPL transactions for its merchant customers using credit and debit card payments processed by the Company’s platform. The bank is one of Malaysia’s largest commercial banks with 7,000+ e- commerce merchants and 10,000 instore merchants."

- the company easily raised $10 million via a placement of shares at 16 cents (this sets a strong base for the share price)

- further positive announcements should flow by months end

So the question becomes what value do you put on a stock like this - well the conclusion has to be well north of $1.00

Thanks to all HC posters for their contributions and starting the $1.00 club thread - the potential is significantly greater - just look at the Market Caps of APT and ZIP!!!!

UP WE GO!!!!