Ed was already spending an elaborate amount of time on supporting this company and getting their app launched. As with all M&A's, there is a risk, but now if it is successful MYEC will get the MJ pay subsidiary as an asset on its books plus the transactional fees, while before MYEC was just going to get a portion of the transactional fees.
Additionally, as for its core competences, it is already launching its own app. Thus, I would say this fits right in line with that portion of MYECs business.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.