128m traded last week, 72m traded so far this week, that's basically 25% of the register so not a small amount of money moving. Today alone was close to $1m worth of stock changing hands. It's pretty clear that the market is expecting a solid delivery from management. I'm thinking the major Euro bank is likely the first to drop. They are currently at customer testing stage so you'd expect that they are already somewhat committed and just making sure the user interface etc suits their customer base before signing on the dotted line.
Looking at the weekly chart it's clear that we've lifted off the base but there's still a long long way to go should management close some of these long awaited company making deals. The share price hit 5.3c in March when the VISA USA global collaboration agreement was inked, it hit 3.7c in May when BNZ went live with their 130k SME's. What happens if we sign a deal with a bank that has 1m plus SME's, a deal that has near term revenue?
9SP Price at posting:
2.7¢ Sentiment: Buy Disclosure: Held
