ID8 - identitii Limited

[barney]

The Sibos win is a reasonably big deal, certainly lots of very high level industry exposure anyway.

Identitii Wins Global RegTech Competition at Sibos 2020 - Identitii

Financial services companies around the world use Identitii to securely share financial services data with trusted third parties. Find out how.

identitii.com

Very positive announcement this morning. Another step forward with the Mastercard arrangement.
This little minnow swims with big sharks!

Commenting on the announcement, John Rayment, CEO, Identitii, says:

“We are really pleased to announce our first project with Mastercard, following the Master Services Agreement announced in August.

Mastercard will use Overlay+ to support secure information sharing over its cross-border payments network, simplifying financial crime compliance and streamlining payment operations.

It is also important validation of Identitii’s new strategy to connect financial services businesses with their global network of partners and customers, making it easier for them to ensure compliance with all jurisdictions and regulators, without replacing legacy technology.”

 

[barney]

ID8 is back up sniffing around the 20 cent region. Its been a tough chart to read sometimes but current price action has played out before.

Increasing but modest Volume looks positive.

 

[Dona Ferentes]

Trading halt... Raising capital by way of a placement

 

[Dona Ferentes]

$6 million in fresh equity via a $4 million placement and $2 million share purchase plan.

The placement was pried at 14.6¢ a share, which represented a 27 per cent discount to Identitii's last close and a 15.6 per cent discount to its 15-day volume-weighted average price.

Money raised would go towards working capital, product development and marketing.

 

[barney]

$6 million in fresh equity via a $4 million placement and $2 million share purchase plan. The placement was pried at 14.6¢ a share, which represented a 27 per cent discount to Identitii's last close and a 15.6 per cent discount to its 15-day volume-weighted average price. Money raised would go towards working capital, product development and marketing.

Nearly every Stock I own has either just done, or is doing a Cap Raise at the moment All part of the game of course.

14.6 cents seems a fair price given the recent price action. Be interesting how much it drops on the re-open.

If it holds 17 cents that would be a win in my books. Back to the CR price would be a fail. I backing it to stay firm

 

[So_Cynical]

14.6 cents seems a fair price given the recent price action. Be interesting how much it drops on the re-open.

If it holds 17 cents that would be a win in my books. Back to the CR price would be a fail. I backing it to stay firm

Price action 17 to 19 cents, so far so good, they really need to land a few new clients.

 

[barney]

Announcement/ Trading Halt re Patent Application update .... Any thoughts on the significance here @So_Cynical ?

Perhaps the time has elapsed so they must make the Patent "public" ... A trading halt seems more than required for just that so hopefully there is more to it (in a good way of course)

 

[Garpal Gumnut]

$6 million in fresh equity via a $4 million placement and $2 million share purchase plan.

The placement was pried at 14.6¢ a share, which represented a 27 per cent discount to Identitii's last close and a 15.6 per cent discount to its 15-day volume-weighted average price.

Money raised would go towards working capital, product development and marketing.

I got caught up in the madness which is ID8 buying before the gap higher in August and fortunately selling out a few days later at some profit.

It is too full of sophisticated investors for me.

The chart is in rather a downtrend.

There be monsters in these waters as pirates used say in unknown seas.

gg

 

[barney]

There be monsters in these waters as pirates used say in unknown seas gg

You may be right there Captain ... Arhh

I'm in for the longer term ride on little fella now ... bring out the cannons and hoist up the main-sail

 

[So_Cynical]

Payable - An app for quickly linking a payment method to a bill/biller, CBA kicked in 150K.

Home

Payble modernises local government payments. We create citizen-centric payment experiences, delivering flexible billing and simplified rate collection.

payble.com.au

 

[Garpal Gumnut]

Payable - An app for quickly linking a payment method to a bill/biller, CBA kicked in 150K.

Home

Payble modernises local government payments. We create citizen-centric payment experiences, delivering flexible billing and simplified rate collection.

payble.com.au

I can hear the sound of barking.

Fundamentals are dog dish pie in the sky.

150k from CBA is the equivalent of me giving 20c to a busker.

It’s a trading stock run by mates who have credentials and contacts with the big end of town imo.

gg

 

[barney]

I can hear the sound of barking.
Fundamentals are dog dish pie in the sky.

That's a bit cruel Garps .... The boys have achieved some impressive milestones in their quest for recognition.

They are trying to crack nuts in the big end of town which can take a bit of time ...

Mainly because there are a lot of nuts in the big end of town

150k from CBA is the equivalent of me giving 20c to a busker.

Lol ... Possibly a fair call.

PS I wonder who at CBA authorized the decision to actually throw a bit of spare change at ID8? ..... It does show that someone at CBA has noticed them "busking" in the tunnel on the way to work though Garps? What say ye to that .... Ahrrr

 

[So_Cynical]

150k from CBA is the equivalent of me giving 20c to a busker.

150K would have to be some sort of record in corporate underinvestment.

 

[noirua]

Identitii (ASX:ID8) is addressing the challenge of helping banks and corporates know more about their transactions and counter-parties in real-time. Its flagship product, Overlay+ uses blockchain technology to create a trail of financial data and identity documents for compliance.

Keeping information secure has been one of the key selling points of blockchain, and is front of mind for Kyckr (ASX:KYK). Kyckr is a Know Your Customer (KYC) company that has developed a corporate identity blockchain service to help financial services companies meet their increasingly onerous identity obligations.

 

[Garpal Gumnut]

That's a bit cruel Garps .... The boys have achieved some impressive milestones in their quest for recognition.

They are trying to crack nuts in the big end of town which can take a bit of time ...

Mainly because there are a lot of nuts in the big end of town




Lol ... Possibly a fair call.

PS I wonder who at CBA authorized the decision to actually throw a bit of spare change at ID8? ..... It does show that someone at CBA has noticed them "busking" in the tunnel on the way to work though Garps? What say ye to that .... Ahrrr

There are many outfits presently in Syd and Mel burdened by those with a run of bad luck and/or too many bitter alimony payments. I am not saying this is the case with this mob.

Nonetheless we are in that time of year when the smart money are registered truck drivers living in Qld and the idiot young catchfart cousins are left in charge of broking houses, so to be honest nothing would surprise me in this speccie end of town.

gg

 

[barney]

Picked this little battler in the Feb Monthly comp.

Chart doesnt look good and a few punters are jumping ship even though the quarterly was as expected. Given the negativety, its seems logical it's ready to reverse, lol.

 

[barney]

Interesting turn of events with this arvos Announcement.

In 2 days ago

Out Today.

 

[barney]

Normally I would say that looks really BAD for the Company, then you find stuff like this ...

 

[barney]

That is last year's news, however, a $million dollar fine says you are/have been a "naughty boy"!


I'd say the Company realised they made a poor decision with the initial appointment and cut it out quickly.

Applause for that, but Thumbs down for not doing the due diligence initially if that is the case.

Could work either way for their Share Price. Hopefully the Market is in a friendly mood and rewards them for their quick action!

And not punish them for their sloppy research, if they screwed up on that!

 

[So_Cynical]

That is last year's news, however, a $million dollar fine says you are/have been a "naughty boy"!


I'd say the Company realised they made a poor decision with the initial appointment and cut it out quickly.

Applause for that, but Thumbs down for not doing the due diligence initially if that is the case.

Could work either way for their Share Price. Hopefully the Market is in a friendly mood and rewards them for their quick action!

And not punish them for their sloppy research, if they screwed up on that!

Certainly not a good look.