I believe one of the following outcomes is likely to happen rather soon.
1) The company exceeds market expectations in the quarterly report and has doubled paying merchant numbers to around 20% and provides details of the partnerships with CBA and Vodafone as well as hitting a key milestone of 2 million members.
2) Ruwan teams up with a large investor who buys out the 30% of the company not owned by management to take the company private.
3) We get taken over by either Bucqi or Belly.
4) The company goes under.
My take is option 1 is most likely, however options 2 & 3 are also strong possibilities. I have been taking advantage of the current weakness and topping when possible.
RXH Price at posting:
7.0¢ Sentiment: Buy Disclosure: Held