RE: 1.9 Million Deposit on WHAT !! ??Poynt has 1.9 million in cash tied up as a deposit on an expansion project, this sounds like an acqusition or one heck of a JV project to me!! Any ideas? I believe it was said by Andrew it would be a geographic, user and monetization expansion if it procedes.
My guess would be an expansion into Brazil or other parts of Latin America.
At least, that is what I would like to see from Poynt.
It would be logical next step from a geographic perspective, as currently Poynt has 0% penetration in Latin America.
Also, Poynt has the capability to operate in Spanish, as they've already launched in Spain.
I know Brazil speaks Portuguese, but most other Latin American countries speak Spanish.
Therefore, from an IT perspective, this might be less difficult than perhaps an expansion into Japan or China.
(i.e. due to language and symbols)
Launching into the Latin American market could open Poynt up to a potential market of 400 - 500,000,000 additional users.
I guess we'll have to see what awaits...