I have no doubt they are making progress behind the scenes and...

I have no doubt they are making progress behind the scenes and management have tried to do some more, with the Proactive Investor interview etc, but teasing the market with information about how we’ll sign ups are going, or how many banks are engaged are not to going to get us out of this downtrend which has been in place since the IPO!!!

Ultimately they need to:
- increase transparency on a monthly basis around user sign ups
- disclose how each region is performing, including some idea around how 9Spokes direct is tracking without revealing individual bank sign ups
- they need to get the OCBC deal signed
- launch the BNZ dashboard (scheduled for 2nx half by BNZ I gather)
- lock in the US bank and launch them in 2nd half
- and for good measure bring on a cornerstone investor

The reality is while it is cheap, there is little incentive to buy the shares at the moment, we haven’t even seen any directors bother to do that.