It was mentioned on the thread yesterday that 11% is too high to...

It was mentioned on the thread yesterday that 11% is too high to be competitive - my thoughts:
- Airpocket targets much smaller denominations where traditional money transfers would not be feasible for these amounts given the fees
- Traditional money transfers operate at somewhere close to this commission (dependant on size of the transfer). If it is cheaper to use airpocket by 1% people will use it - no need to give away revenue.
- Airpocket like all blockchain tech has the benefit of operating in near real time with minimal risk. That's why the asx and large banks are all over it - it reduces risk while everything gets reconciled.

The sell down yesterday really did boggle my mind. Even if the annual earnings are only $10m / yr - which is much less than stated above - then the market cap should be well north of here, closer to $100m. IMO this is the result of fund managers saying 'sell on any rally' - however in the med term there will be some stocks that need to play the catch up game, DCC being one of them.

I was in this for a ST trade but after the ann am looking longer term for this - I think there is bags in in in 2016.
All IMO