I'm slightly confused by this announcement - if its their first PoC in Asia, that must mean its the same bank referred to its the 5 June announcement "9 Spokes is six weeks into a 12-week proof of concept (POC) in Asia", and therefore pre-announced. The only new thing in this announcement is the naming of the bank.
If this is the case, then the only new development is 9SP received permission to name the bank. If they already had permission on 5 June, then that was a missed opportunity to fluff that announcement up.
Let's hope July/August includes signed channel partner agreements (one from Asia and one from North America) and a strong quarterly disclosure in late July. Need to get that share price up before late September so the options get converted and "free" money flows in for 9SP to bolster the cash reserves.
9SP Price at posting:
14.5¢ Sentiment: Buy Disclosure: Held
