I have had some time off over the Christmas period which has allowed me to do a little research on the announcement made by both Cirralto and West International AB (WINT) on 27/11/2017 regarding their LOI.
WINT is a Nordic listed company and their announcement was more expansive than Cirralto's outlining "The collaboration aims to distribute West's payment solution in Australia." http://www.nasdaqomxnordic.com/shares/microsite?Instrument=SSE43370
Linking this with CRO's ann on 21/12/2017 "The engagement with Telstra continues to deepen with significant engagement over several vertical markets."
With the relationship with Telstra deepening and Telstra's stated desire to modernise their existing clients legacy data to the cloud there would seem to be significant opportunity for many of these SME's requiring POS (point of sale) or card terminals.
This may have a significant implications for CRO.
I discovered TYRO payments an unlisted public company in Australia that seems to have a similar offering of products to West International.
It is not clear how the revenue sharing model works however someone may have some clarity.
It may not eventuate however if it does it should confirm CRO is indeed starting to play in the big end of town.
CRO Price at posting:
7.0¢ Sentiment: Buy Disclosure: Held
