Innovative Payment Solutions Inc (IPSI)

[Renegades17]

My thoughts



I think app and other product roll-outs are coming very soon. I say this not only based on the PR you cited, but the hiring of the new IR firm in early August. Moreover, Frictionless had an obligation to deliver as seen by the following in the 10-Q:

"In terms of the SPA, Frictionless agreed to deliver to the Company on or before August 30, 2021, a live fully compliant financial payment Software as a Service solution for use by the Company as a digital payment platform that enables payments within the United states and abroad, including Mexico, together with a service agreement providing a full suite of product services to facilitate to Company’s anticipated product offerings. "

It's not uncommon for software to be delayed, but if FFT came within this deadline, then we should see rollouts soon. As I've stated before, I also believe that the increase in AS was to accommodate the exercise of the option of 41% of FFT to give IPSI controlling interest. If they do the R/S, I would push for them to do a proportionate reduction in the A/S, but that can be done relatively easily without shareholder approval (unlike an increase in the A/S, which needs to be voted on).