I have been watching from the sidelines and feel this is one of the better exchanes of open ideas I have seen for a tech/software company. I feel now I should post something that could further this debate. Apparently someone in the company is planting the responses to stockwatch. We all now companies watch these boards but publicly say they don't. Wouldn't it be better to admit they do? Secondarily, stockwatch did no go far enough in his quiz to get anyone to answer. Currency rate fluctuations can almost always be cured with a currency hedge, available at most larger brokerages however the remittance of fees in the home country currency is a good question. What if the bank fails? Barriers to entry is an interesting question. What keeps another company from doing this. An as-400 mainframe processing transactions can be puchased anywhere. I did notice in the annual report that $4mm of non company stock had to be pledged by the president to get the companies assets out of one bank. Isn't this really a company where there are alot of quirky transactions though fully disclosed perhaps highly suspect to analysts and large fund managers. Stockwatch is correct, issuance of warrants, options, preferred stock etc etc is highly dilutive. It is called overhang. This was a sobering fact for some companies. When grantors started to exercise and cash out. I did notice yesterday that they filed an s-5 for company stock purchase/options. I trust this spirited debate will continue.