Next CR virtually already locked in to provide $6.5m (due in March Qtr).
The possibility of short term options to be exercised as part of the CR for a further $3.75m (possibly exercised in June Qtr).
$4.4m Cash in bank as at Dec Qtr end.
So funding for the companies objectives seems to be in place and as they state they are well funded for strong growth in FY18.
Increasing revenues from multiple income streams. They being Remittance services, subscription billing, China payments and mobile payments.
Blockchain development project with Chinese partner Gingkoo to explore.
Integration into the Stellar network. "The ultimate aim of the partnership will be to build a global money transfer solution to provide cross border, cross currency and cross asset payments".
Finally they continue to chip away at the ultimate aim of becoming an ADI.
From the start of FY18 the company predicted profits in FY18 and they look to be on track to do so.
There's some big goals still to kick but given the groundwork they have already put in, they seem to be in the right place at the right time.
NOV Price at posting:
37.0¢ Sentiment: Buy Disclosure: Held
