March QTR 4C expectations, page-19

How far would it take off? Let's consider how many billions will be sold into the earliest price appreciation. This thing either is launched by mega, instant revenue from a single client or it will go nowhere.

And don't expect new deals because the so-called "pipeline" is still constipated - why isn't there a flood of new signings? Because even if they wanted to sign new clients they don't have the bank to roll it.