You’re right—the fee structure in the MSA is clearly super...

You’re right—the fee structure in the MSA is clearly super important. If the fee structuring is consistent with prior presentations the company have put out (i.e what you have outlined) and the company secured 10 MasterCard “offices”, then the SP should be substantially higher than $1.

The company have also indicated that there are other deals that have been subject to contract negotiation since July. So I would expect some announcements in relation to some other deals in the near future. What’s keeping a lid on the SP is that details of the MSA have not been released (i.e. we don’t know the fee structuring), we don’t know what the take-up will be by different MasterCard offices or how quickly and we are still waiting on outcomes in relation to other contract negotiations.