@johnkearney - fair point re how will they keep customers long...

@johnkearney - fair point re how will they keep customers long term. At this stage, growth with this disruptive technology is somewhat inevitable but it will at a point slow. Looking beyond first mover advantage, does RFN have a sustainable competitive advantage? The tech is fairly replicable, so I would focus instead on the mgmt team again in saying this could be a primary source of the necessary competitive advantage.

Think though of say Snapchat, who certainly have a replicable product but have reaped the benefits of getting their product out there into the market first. They are still a strong performer years after launching arguably due to this.