Well that's not very reassuring -the advice we received that Richard Li provided the out of date cached link to the IPS site. An easy mistake but not good enough and still no acknowledgement of the error.
I agree, GCN need to create a detailed investor presentation otherwise the uncertainties amplify the volatility of their share price as holders lock in some profit anxious that it may all fall over because of the unknowns
We need clarification on the breakdown of gross revenue generated by P1 Ezycash Mastercard eg.Online transacation: Cardholder Pays $X Merchant gets $x% (plus ?% of weekly membershio fee) Mastercard get $x% GCN/P1 get $x% This may clarify the distinctions SRF was making and Angry refuting.
It is in the public domain that Ezybonds UK issued a statement to their shareholders that they do not have a formal agreement with GCN/P1 We should have clarification that there is a formal agreement
There was a note in the IPSHK Ann. that IPS charge 3% on transactions. Previously GCN/P1 have stated that the introducing merchant would receive a cut of ongoing Ezybonds transaction fee. Would that be the case with IPS?
GCN Price at posting:
5.3¢ Sentiment: Hold Disclosure: Held
