personally, not stressed in the slightest... Indue and Todd (and...

  1. 6,719 Posts.
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    personally, not stressed in the slightest... Indue and Todd (and related businesses) have been doing business together for a long time..... and, through their industry will still be doing business together after the transaction....

    indue is a big business that sees what they are selling to STL as their non core business... both parties want to get this done, purely just a hold up....

    these are the guys that are providing the government with the Basics Card.... naturally, you can see how this will generate far greater profits than their ATM related business being sold for $6.5m (at $1.6m profits)...

    some info and stories below on the indue / business basics govt card...

    http://www.theaustralian.com.au/nat...d/news-story/7efa8cd4cf4e6c8d0cf0db07d75074c9

    http://www.theaustralian.com.au/lif...a/news-story/d95fea9ca3e43129088477d1903c8876

    https://www.humanservices.gov.au/customer/enablers/about-basicscard

    https://indue.com.au/what-we-do/government-payments/


    you can see why they are offloading to focus on their blue sky product...

    there is plenty more info you can google....
 
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