Harold Bosse, Global Head of Product and PMO, Earthport says there will be a couple of winners
emerging from this industry like Google. At 0.34 into the video. That would be good.
https://www.youtube.com/watch?v=iZs7jJjBcas
I understand expansion costs money. Although once systems are in place transactions are scalable. We would then be able to just increase the volume on that network without any extra costs.
The volumes have potential to be huge.
Well done to our ceo Hank Uberoi with awards of new shares. He will get 3 million shares when we hit an average of 43p a share. Also he will get another 3 million when we hit an average 73p a share.
From todays price that will be great news.
Here is the working link.
https://youtu.be/0WgnVpCFOI4
Our CEO explains we could turn profitable now. But we are investing in big increases of transactions.
The losses are coming down.
The transactions for end 2016 were superb. I cant believe Bank of America wasnt live then. We are breaking records every month. I cant wait to see what February onwards will acheive.
These are for 2016.
Bank of America went live Feb 2017 with cashpro.
Looking at them results for 2016 we could be on track for q4.
Losses halfed. Transactions doubled and these are without Bank of America going live.
They held 3 million more shares around last October on Earthports list of big holders on there website.
Another company sold a few million at 19p so not the best option.
Also the largest holder bought quite a few million around 13p.
Just had a RNS saying Bay Capital have sold shares and crossed below the 5%. It looks
like 3 million shares. This could explain why we never speeded past 30p.
So we did well to keep the good support of the share price.
These will be dated upto 31st December 2016. It will be very interesting tomorrow to
hopefully see the results showing the record month of December. That I believe was due to
Bank of America scaling up transactions in November.