WRK (ASX) IP1 chart

Originally posted by jocko: ↑

In all seriousness though, 2.8m employees with services charged out @ 10c per week adds up to a very tidy little sum of money.

Charged out at 20c is even better!

2,800,000 employees x 10c = $280,000

52 weeks x $280,000 = $14,560,000 ANNUAL REVENUE

Charged out at 20c/week = $29,120,000 ANNUAL REVENUE

And/or charge employers a $50 monthly subscription fee for services and full use of the BOND PLATFORM features including OPEN SUPERANNUATION, CDR.

71,000 employers x $50 = $3,550,000

12 months x $3,550,000 = $42,600,000 ANNUAL REVENUE.

View attachment 3206882

With more employers and more employees signing onto the BOND PLATFORM, this just adds to the annual revenue for those specific tasks and features of the BOND PLATFORM.

The biggest kicker, IMO, will be when IP1 management prove that the 'ONE PLATFORM' operates as a fully functional conduit for OPEN SUPERANNUATION, CDR where SERVICE PROVIDERS also WANT to sign up to the BOND PLATFORM (ONE PLATFORM) for direct access to their target customer through data held by IP1 as the DATA HOLDER.

What I've described in the latter paragraph would be a very powerful platform and it would make IP1 an extremely valuable and sought after company once proved up, IMO.

IP1, at this point in time is the front runner, according to the recent announcements!

I can't decipher recent announcements any other way than what I've written above. Add WESTPAC'S QUICKSUPER to the mix and that places an ADDITIONAL 6 million employees on the BOND PLATFORM.

Do the maths on approx. 8 million employees @ the small fee of 10c or 20c per week and you get an idea of how massive this gets, but that's still not where the big money is. IP1 could give all those services for free when the BOND PLATFORM proves up as a fully digital CDR conduit for OPEN SUPERANNUATION.

Who's feeding the geese Mr piggy....... time for a move IMO.

Jocko

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The Platforms that priced their products at almost nothing because they relied on income from the float have known for some time that business model is over..with no lag time in funds flowing thru and low low interest rates the game is over. I'd say WBC grew their clearing house business on this old model and are probably left with a business that is 90pct less in revenue than it was when the Float was an income generator. What will be charged going forward and what services/value you get is the key. Besides regulatory reasons I would bet it isn't possible for WBC to re engineer their offering as cost and time are against them..... Is this also why CPS group are hawking Super Choice about??, I understand IP1 is a compelling value proposition offering a product/solution that competitors just cant match.. Why wouldn't you sign up with IP1 when others who have less to offer at higher prices that they are still trying to calibrate. this is a big call but my hunch is that the Bond Platform is to IP1 what windows was to Microsoft...a Killer App