Valuing IOU - 2021, page-5

I think $9 million PA is way low balling this stock. $2.2 million done when the first month of that had all the BOD crap with the attempted takeover of the board, whcih meant they only had 2 months of really working on the business. Previous full year was a bit over $6 million. In one quarter they've got it to $2.2 million without really actioning anything. Real figures are still to come.

I still think $20 million is possible this year. Based on their increased inventory of prepaid to $1.5 million, if they sell just that each quarter that's $6 million revenue (at cost - not including their margin). Add the transaction value of what they have been doing previously of about $1.5 million a quarter and all of that does not even take into account the BNPL, advancements into Indonesia, selling the product to other gateways and banks in Malaysia, etc, etc. If they only did $9 million for the year I would be beyond disappointed. I just don't see it.

I might have my optimistic glasses on, but with everything they have now lined up, soft launched this quarter, apps now ready to go after final testings this quarter, increased prepaid inventory, move into Indonesia, etc, etc, etc, I can not help but feel optimistic. Hopefully for both our sakes my optimism of $20 million+ comes to fruition this year.