dollarzpounds.... 'it will all come out in the wash' You forgot to add point 4. Like your laundry you could get hung out to dry! One thing sticks in my mind. Mobile money will ultimately be controlled via the banks. Forget Google or Apple etc, everyone has and will continue to have a bank account and banks will continue to handle our payments. IBM facilitate 90% of banks worldwide with their systems. Who did IBM entrust to provide them with a bank grade mobile payment system?.... Moni!
What I believe is happening is the following: Monitise as stated is working flat out on the 2.0 Platform. When this platform is completed, along with its full integration into IBM's cloud, security and MobileFirst capabilities, then the take up rate should snowball. However, until that point, there is very little to see or show. The transition happened earlier this year, however, what has put Monitise under pressure is the huge interest in mobile money on the back of Apple Pay. Unfortunately, there is nothing tangible to "see" at the moment and interest is shifting to the more easier to see "front end" companies. Once the platform is finished, I believe we will see enormous growth across every metric including the share price. Ironically, it should give comfort that its taking this long given they have been in mobile money for 10 years and have partnered up with IBM, namely barriers to entry are high. Technology companies by themselves cannot power this revolution (they require banking licenses), nor can banks (they require analytics, cheap scalability and retail reach). Monitise sits at this perfect intersect. The shorts have been circling precisely because of this vacuum of information. Once the platform becomes "Live" or if a large investor buys up part of the float in the interim, then we will see, in my opinion a quick resumption of the share price in a Northerly direction. I think if a large investor was to announce that they are buyers everyday of the price below X, then we would see traction. Otherwise, a little more patience is required!
I think it is a common held belief with most on here that one if the biggest problems for us is the lack of info and news of progress from the company so what possible reasons could there be for that? 1. There isn't much news or progress to tell anyone about - in which case we are stuffed. 2. There is plenty of news but the company can't or won't show it's hand - in which case good we will get there in the end. 3. The BOD are inept at keeping shareholders informed. So let's take 1 , Al has already said "the pipeline is huge" so I am inclined to discount 1. Now onto 3 , I do think PR and communication could be improved (see Doug Kass comments on this) but I don't think our BOD are inept. Although as a sub note on this issue I do think the big shareholders such as Mr Cooperman know a lot more than we do which in itself is not quite fair IMO. So that leaves us with 2 in other words 'it will all come out in the wash' the only question we as pi's need to ask ourselves is do you have the patience and fortitude to wait til the washing machine has stopped spinning??
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