Hi guys, not sure if you've seen the latest but RailsBank, who I've been impressed with for many, many years, have just sold at a pre-packed deal, a pre-package deal for £400 and change, £1000. Where last year they sought a valuation of £1 billion. Now RailsBank was, the reason I really like RailsBank is because it was banking in a box. They had building blocks to build a bank. The quickest as far as I know they ever took a bank from an idea to live was six weeks. So it's very staggering that they would now basically go under the numbers basically say that they've got over 600 million in deposits but only four million on the loan book of which half is uncollectible. So it's quite staggering to see that a company like this can get to this point. But I'd love to hear your opinion and what you think of this happening and what implications it has.

I remember meeting the Rosebank team awhile ago at a conference and I was super impressed with a proposition as well so this this news is pretty shocking but it goes to show I guess there's more challenges to building a bank then the movie would realise but yeah definition