dion China is a mess....the authorities keep changing the rules on things like charging for balance enquiries, but the biggest problem ironically is software compatibility.... various chinese banks run non compatible systems amongst their branches, so the chances of a central processing system actually existing in time to make cashflow out of a network within a reasonable time period is non existent. Not to mention that the police force are the only licenced entity to handle large cash movements, so you can imagine how much skimming is done there!!! Keep your eye out for NZ though, because the RBA decision here could speed up developments in NZ IMVHO.
BTW, if Wildash is buying stock right now, it tells me that the $10 mill debt repayment (by 31 Dec) covenant must be good....
CUS Price at posting:
$1.16 Sentiment: ST Buy Disclosure: Held
