Novatti was placed in a trading halt today.

Based on the chatter on Hot Copper, it seems that they have finally been successful with their application for the restricted banking licence (RADI).

Whilst I am not expecting it to have a material impact on profitability in the short term, I am keen to see how management plan on using it to shape the future direction of the company. With a share price of 18.5c and current market cap of $62M, surely the share price can only go up from here.