You made some very interesting points and I thank you for your thoughtful analysis of the situation. We differ on a few projections:
- I do not see Egypt (if ever it is delivered) to be a 'cherry on the sundae'. I view Egypt as an albatross sitting on a lump of dung. Totally worthless to me. So you surely can understand my relief when a JV was announced with Mint being the minority partner (49%). Now I may be wrong with Egypt but I am very happy that Mint hedged their exposure. You know what I mean - Morsi and all his religious radical beliefs etc
- I differ from you regarding you analysis of the Speed Remit deal. The capital outlay for what I believed to be yesterdays methods and technology really had me very scared. I was so scared about the Speed Remit deal that I froze in my stride and was unable to sell my stake (albeit at a profit). I believe a revenue sharing deal with Arab Link is excellent for Mint at this time. But I add and agree with you that after a year or two Mint may attempt to purchase the much more technology modern Arab Link or one of their correspondents (eg iRemit, Xpress Money, EzRemit or Instant Cash). I have little doubt that Mint got cold feet and saw a better opportunity (eventually) with Arab Remit. As far as I can see its all good.
I thank you for your very thoughtful and analytical post.