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Leon Cooperman was asked where he would put new money. He mentioned a new small cap (800 million market cap)company, Monetise. Cooperman states "This is the mobile wallet. Has software application to put mobile banking on your phone which gives you ability to do your banking. Visa has a stake through options to own 20% of company. Strong balance sheet with 175 million cash, no debt. they have 20 million people paying $5 a year for the software on their phone that is 100 million in revenue." Cooperman thinks they will have 100 million subscribers in 4 years.

Ticker is unknown on Motley Fool Site but it is listed in Morningstar.

Website:
http://www.monitise.com

Does anyone have any experience with the company? The ticker

John
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