BPS 1.64% 30.0¢ bps technology limited

I wouldn't get too excited on the China prospect. There have...

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  1. WHY
    793 Posts.
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    I wouldn't get too excited on the China prospect. There have recently been a series of p2p lenders in China going bust, making any micro-lending / financing scheme hard to attract business. Let's face it. The core of Barter card business model is essentially interest free financing. It's so called interest free but users pay high fees, i.e. gradually maturing business who can finance their working capital more cheaply may find more economical financing.

    also, how come the previous contract partner for China bailed out of the deal and the new deal signed in June and no announcement until recently from the company?

    BPS is a curious case, and I'm happy to keep watching.
 
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