SUMMARY OF PRESENTATION
1. They are now on the cusp of achieving their goals, which , if you remember, include globalisation
2. They are now getting GLOBAL recognition, enabling them to travel their digital journey in a 'grand' way.
3.They are business payment specialists who, because they control the WHOLE VALUE CHAIN, leave behind competitors who can only perform in certain parts of the chain.
4. They have taken inspiration from Square and Apple in seeing the importance of controlling all aspects of the supply chain
5.They have 4 key channels of revenue capabilities: SME, Tech, Distribution/franchise and Infrastructure payments- infrastructure payments are large volume transactions that provide constant money flow.
6. Their agreements with MasterCard and Fresh Supply Co sends customers to CRO , so CRO is now being promoted to companies via MasterCard and Fresh Supply
7. Their acquisition of Invigo supplies 100k in revenue a quarter, but more importantly, allows CRO to own Invigo's non bank lending capabilities- Adrian described this acquisition as '1+1=55'
8.He again reiterated their approach of acquiring business 'nods', and from each node, they then get the customers of the node and the customers of the customers of the node, and so on, in a 'spoke and wheel' analogy.
9.Q3 2020 to q3 2021 cash receipts up 332% and they have met their targets with this coming quarter's results
10. When questioned about the recent trading halt, Adrian confirmed they had SIGNED contracts that they felt they were obliged to report to market, but that these contracts had 'condition precedents', which the ASX deemed made them unannounceable. His focus was to get the shares trading again, but read between the lines, that they didn't want to argue with the ASX and remain in suspension, in my opinion.
11. Adrian again put to bed the allegations that he was involved in the valuation of Appstab; it was valued by an independent valuer and as for Invigo, he was NOT a shareholder in that company. I think he must be sick of being implicated in some sort of impropriety by downrampers and conspiracy theorists, but he answered the questions clearly, without hesitation.
12 Finally, he said his biggest headache now was dealing with the speed of their growth. They are aggressively expanding in the second half of the year, building merchant turnover and expanding terms of trade on a much larger scale, and this is a headache he doesn't mind having.
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