I've read everything I can read on this for 3 days. These folks might be on something opportunistic..... Something other bank cards are wanting to stay away from, But something that local, state, and federal officials are WANTING. The cash transactions in this industry are untraceable.
[color=red][/color]If the card gets some kind of regulatory conditional approval it could be to a degree supported or required by the tax paying companies and regulatory officials to put constraints on the non tax paying side of this business.
That being said... Financials are weak, R/S very low probability and looks as reported to have been call off. Cost to develop is minimal. Market is actually huge right now and growing. (And could be legislated)...
Obviously this may get traction on towards Dec.. Interesting and will watch.
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