These guys are geniuses. It is very very, (to emphasise) very difficult to enter into these particular agreements in China with these particular partners. Nearly impossible actually. I missed them at low 30s. Still not convinced, as in China anything can happen. You will note that Handypay own the license and that 99 Wuxian is a licensee, and that all of the contracts between Handypay and the banks etc are in the name of Handypay and are in the process of being transferred to 99 Wuxian. So there is a lot of risk there as they may simply not be able to transfer them all. More risk is that you can't actually enforce any contract in China. You can't sue anyone. So you need a high risk tolerance for things going very wrong, which you wouldn't normal expect to go wrong. In mentioning those risks though, these guys are geniuses.
NNW Price at posting:
65.0¢ Sentiment: Hold Disclosure: Not Held
