Flexpower Inc. (FLXP)

[ratso1]

True enough. How many processing dollars do you think those types of transactions will represent in bottom-line terms? I doubt that anyone here has a clue.

In any case, it still doesn't explain how EFGO is going to adequately compete for the check-image processing market in China.

EFGO faces very similar barriers in "Check21" that they have already experienced trying to enter the Forex market. How big a market is Forex? Billions? Trillions? Yet management has made very little to no headway in tapping that market. Why? Because the head of that division got sick? Because an employee takes months to get licenced? No, it more likely has to do with capitalization, doesn't it Garde?

I will make a W.A.G. that any check-imaging provider would need 4-6 years of proveable capitalization, and at least two years of pristine accounting to be a serious contender for any bank's processing business. A bank is going to do business with the provider that can demonstrate stability and survivability. And there are some very big contenders in this arena that have all of that, while EFGO does not.