PWN/Mr. Payroll has a patent pending on the machine. As I understand it, Mr. Payroll has exclusive rights with Miros, the facial biometric tech company. You are right about the direction for deploying the machines. Banks will own them and deploy like ATM's. That effort, incidentally, is said to be picking up steam. Cardless ATM transaction, why not? Buy PAWN? With as much cash as they'll get for Mr. Payroll, it will be possible.
The check cashing fees generated by Mr. Payroll operations are from franchises and revenue sharing agreements with machine owners. Their expenses related to those earnings are far lower than those you cited from PAWN. Payroll, losses, rent, amortization.......think about it.
Mr. Payroll originally seemed to be developing the machines to place in their own locations, and maybe Circle K's and 7/11's. If you look at all the recent announcements, most machines are going to banks, because banks are always looking to cut down on employees and open hours. I checked the 5 year chart on Diebold (large ATM manufacturer) and it went from about 15 to 53. (before the recent stock crash). Yes PAWN is growing fast - but they are SMALL FRY compared to PWN. Actually PWN may someday even buy PAWN (like Doc Holliday). I think the future is bright for the check cashing machine - in the banking sector.
Question: Does PWN own the technology? Could the ID process be transferred to other types of machines? How about a cardless ATM? Just show your face and walk away with money.
With the market recovering, I am perplexed why PWN hasn't recovered. I have noticed that over the years, PWN just falls for no reason on NO new news, and then jumps up on good news. Press releases anyone?