"It also means the oh so great "Paydentity" and all the patents...

"It also means the oh so great "Paydentity" and all the patents are worth zero."

Precisely. What's the best sign of a stock looking for growth stories when none actually exist? Announceables.

They're growing strongly - but not strongly enough with a long enough runway for the farcical fanciful 50x multiples being talked up by the true believers, but we've had NSX, Clearpay, Flykk, eMoney, Paydentity, and all those other Juicy Fields of opportunity.

The only thing making money - growing - which is great for the insiders in sunny Cyprus on fat salaries - is their core banking software. They're making some money from the clip from people who have no choice but to pay 3% to fund their gambling habits, but the real money is in their core banking software, and always has been.

They're not about to run around and tell the 10,000 mum's and dad's "your only hope is that we can fleece people who are so desperate to fund their gambling habit that they'll pay us 5% of their losses", but that's the long and the short of it.

Looking forward to the judgement.