Ahh kenpitt, you are quite the silly boy.
AF has been busy bolting on buisnesses to increase the capacity of SPENDA to be able to expand rapidly and globally for the past year.
The establishment of the debt warehouses is the final step which will enable SPENDA to handle the needs of huge clients such as Capricorn with whom AF has a long standing relationship.
We have been already informed that the services of Norton Rose Fulbright have been engaged to finalise the regulatory work required to have the Debt Warehouse online.
We were told at the end of last year that there was around three weeks work needed to be completed before our DW was finalised.
Its pretty safe to assume that as AF and team were taking time off over xmas and the new year that that work wouldn't have commenced until they returned from holidays as well as Norton Rose Fulbright returning from holidays.
At a rough guess i would estimate 2 weeks off over christmas and new years would be fair for both teams. So for the xmas week off followed by a week off for new years and the weekend the monday would be the 10th back at work. Three weeks estimated work brings us to friday the 28th.
The work may have taken more time or less. It may have Begun sooner or later too. But...i would say we are definitely very close to our long awaited DW being completed.
That means revenue gushing my friend. You dont employ a high end law firm to handle the final complexities of a debt warehouse which is a fantasy. You hire them to complete the work because its very real, its happening and its going to be the pivotal point in cirralto's journey where it transforms from development to explosive growth.
The markets going a little coo coo is not going to stop the wheels that are already in motion.
Champagne is in the fridge awaiting popping.
DW and then big deals will start rolling.
We share a chairman with Graincorp which could be a company maker getting them onboard.
There has also been considerable time and expense into developing a custom made solution for the automotive industry, AFs long relationship with capricorn group and the trials runs (from memory 100 auto shops) that have been completed should give you enough dots to join... from memory capricorn netted 2billion profit last year. Another company maker there.
We are entering the DW zone this week if you ask me. We might get our 4C this week too. That will show another quarter of continual strong growth. We dont even need to see it to know its going to be the best so far.
I have been singing the praises of brainchip and cirralto for quite some time now..and feel free to quote me on this .. i think CRO is about to give BRN a run for its money. We have been running in stealth mode for a long time now. I think we are days or weeks away from all that changing and i am very very muchly looking forward to it.
Goddam its going to be a glorious day when that DW ann pops.. nearly there Croians
(20min delay)