Hey Dynamo, my figures are out the window now, yours look pretty...

Hey Dynamo, my figures are out the window now, yours look pretty conservative. In all the excitement of the who the partner is, i think the market has missed the fact that gross commission is to be 11%. I was working my figures off 1% gross margin but 11%!!!!WTF???

Forgetting why this may be the case for a minute (loss leader for telco, $ into mobile wallets to be spent on higher margin associated teclo products, bill paying method with costs paid by biller, acquisition cost of new customers, competitive advantage over other telcos etc etc), the fact is they need 10X less customers than before to make same amount of money.

This makes revenue, break even points and profitability targets a lot easier and less will have to be spent per on customer in marketing to reach these figures.

So.....
1) Access to 100M Customers with one contract
2) Big Name Billion Dollar Global Telco Partner
3) 11% Commission Rate
4) Further Deals to Be Announced Shortly

SP goes up 1c?!?! I think i'll be holding a while yet.......