I took a look at it and you flagged the difficulty due to regulations but they also need Telcom companies to play ball and partner with them. That will be a even bigger challenge.
Bottom line: i agree with you that it should be watched only at this point.
I'm afraid because it's a 'cheap' coin it will get pumped.
Yes the price point is great if you think it will hit $1 or even 0.10 one day. I had same thought that you did, perhaps i could buy for short term play. ultimately i choose to pass but maybe buy the dip. or buy KIN over this one. i haven't pulled the trigger on either idea ha