from iamcanadian on raging bull...
Folks, I'm off tomorrow till the 17th and thought I would leave you something before I go. The Lafferty Group, based in the UK, is one of the most highly respected research and conference groups for the financial services industry anywhere in the world. Unlike most conferences, this one tends to be attended by only senior executive of the industry, because quite frankly, a week in London and attending a Lafferty conference is pretty expensive. In fact they are the most expensive conference I ever attended while an executive at a large FI (there for 28 years). You can see the summary on the link below and it is a summary but you will notice only one provider is named--SVNX. Three owners spoke there and if you ever needed a strong endorsement for this company, look at Alan Young's comments for Citi--I find them very compelling. If anybody here doesn't believe that this decision is major for Citi, just read the summary. You will get an overview of just how strategic this is for Citi and they have placed their faith in SVNX--that is a major endorsement. I assure you others attending will not have overlooked that two banks--BMO in market and rolling out nationally and in the US through Harris; and Citi putting their entire customer base in 60 countries on this company. That has the power of "Intel Inside", and I think the phones are ringing. These people will go back to their banks and get people working on mobile financial services, if they are not already, and will have them look quickly into SVNX--if it's good enough for Citi..., and Citi's in my domestic market..., and just said they're doing this globally....
Finally, one of the things Lafferty is noted for is their own due dilligence in putting together conferences--no BS, they show and tell only things that are real, here today. I think our company got some adrenalin this week and sure got some profile amongst the key group of people they want.
We had a strange week given the market moves. I chalk it up to: waiting for earnings, some small short traders, and perhaps the exercise of some options granted to E-Z Login employees. As part of the acquisition SVNX had to assume the option plan and presumably it was on the same terms as E-Z's so no lock-up on those and would honour what had already vested. Probably not much volume there though. They are still doing the right things and post earnings etc. I think we'll see this start to move. Just my opinion, Have a good week everybody!!! Regards eh, IAC
lafferty.com |
