QUIS has agreed to sell its BankCard USA Merchant Services, Inc. business unit to BUSA Acquisition Co., a Nevada incorporated entity owned by a consortium of current employees of BankCard. QUIS stated that, the transaction simplifies the company into a pure-play Microsoft Cloud and AI Solutions Provider. The transaction will also help QUIS reduce its debt by $35M. Debt levels were a significant concern for investors previously, so this news is of course positive. QUIS has evidently been narrowing the company's focus with the other recent divestiture of PayiQ. The news is positive and we like that QUIS is narrowing it's focus but we will need to see how if performance can improve going forward as results have been uninspiring with declining revenue and a net loss.
5i Research Answer: