NETCENTS - BLOCKCHAIN-TECHNOLOGIE - PLATTFORM - BEZAHLSYSTEM UND COIN (Seite 961)
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ISIN: CA64112G1054 · WKN: A2AFTK · Symbol: NC
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NetCents Corporate Update vom 24.05.2018
http://www.newswire.ca/en/releases/archive/May2018/24/c5240.…
http://www.newswire.ca/en/releases/archive/May2018/24/c5240.…
NEWS!!
NetCents Technology - Corporate Update
Canada NewsWire
VANCOUVER, May 24, 2018
VANCOUVER, May 24, 2018 /CNW/ - NetCents Technology Inc. ("NetCents" or the "Company") (CSE: NC / Frankfurt: 26N). The Company is providing an update regarding the halt on trading on the Company's shares on the Canadian Stock Exchange (CSE).
On April 20, 2018 trading of the Company's shares on the CSE was halted. The Company was notified by the CSE that the halt was due to the Company not being compliant in regard to Continuous Disclosure Requirements. The British Columbia Securities Commission (BCSC) had notified the CSE that it had requested clarification and additional information regarding our Q4 October 31, 2017 year end filings and our Q1 January 31, 2018 filings, as well as information on the status of the not for profit organization to be established to manage the NetCents coin (NCCO), the status of the NCCO sales, and the proceeds of the sale of the NCCO.
The Company has submitted to the BCSC:
The Year End October 31, 2017 annual MD&A with amendments to include more detailed discussion and reporting on the coin and a more thorough explanation of the bad debt expense recorded in the October 31, 2017 financial statements.
The Q1 January 31, 2018 Financial Statements with updated coin proceeds showing a higher balance than previously disclosed and note disclosure to explain the same. The updated financial statements also include in the expenses transaction costs related to the expenses of the coin and NetCents wallet setup.
The Q1 January 31, 2018 MD&A with amendments to include more detailed discussion and reporting on the coin sales and proceeds. Included in the MD&A is an explanation of the transaction costs associated with deploying the coin and the NetCents wallet.
Company also provided further clarification and detail on the status of the Foundation and coin proceeds.
The Company expects to issue amended and restated annual MD&A and Q1 MD&A and financial statements once the BCSC has completed their review. The Company expects the trading halt will remain in place until the BCSC has completed their review.
Non-profit Organization Update
It is the Company's intention that an independent non-profit organization (NPO) will manage the release of the NetCents coin (NCCO) and the proceeds from the sale of the coin. The delays in finalizing both the domicile and structure of the non-profit Foundation are due to the complex legal and tax issues which are involved. The Company looked at both Trust and Foundation structures for the NPO. Different domiciles for the NPO were also considered. Decision criteria included the legal and financial environment and the impact of Canada Revenue Agency (CRA) taxation policies. The initial location for the NPO was to be in the canton of Zug Switzerland. As an alternative, the Company also looked at locating the NPO in the Cayman Islands. The Company has received legal advice from firms in both jurisdictions to ensure future sales of the NCCO would not breach any Swiss or Cayman Island financial regulations as well as comply with Canada Revenue Agency (CRA) requirements. A final decision on the chosen location is forthcoming.
Coin Update
Proceeds from the sale of the NCCO are being held in trust by a third party institution and will be delivered to the Foundation once it is fully operational. None of the proceeds have been spent or used for the Company's operational purposes.
During the halt period, the Company has continued to process transactions and meet with interested parties to develop business opportunities for the processing of crypto-currency payments, NC Exchange, and the NCCO. Once the BCSC has completed their review, the Company will release further information.
NetCents Technology - Corporate Update
Canada NewsWire
VANCOUVER, May 24, 2018
VANCOUVER, May 24, 2018 /CNW/ - NetCents Technology Inc. ("NetCents" or the "Company") (CSE: NC / Frankfurt: 26N). The Company is providing an update regarding the halt on trading on the Company's shares on the Canadian Stock Exchange (CSE).
On April 20, 2018 trading of the Company's shares on the CSE was halted. The Company was notified by the CSE that the halt was due to the Company not being compliant in regard to Continuous Disclosure Requirements. The British Columbia Securities Commission (BCSC) had notified the CSE that it had requested clarification and additional information regarding our Q4 October 31, 2017 year end filings and our Q1 January 31, 2018 filings, as well as information on the status of the not for profit organization to be established to manage the NetCents coin (NCCO), the status of the NCCO sales, and the proceeds of the sale of the NCCO.
The Company has submitted to the BCSC:
The Year End October 31, 2017 annual MD&A with amendments to include more detailed discussion and reporting on the coin and a more thorough explanation of the bad debt expense recorded in the October 31, 2017 financial statements.
The Q1 January 31, 2018 Financial Statements with updated coin proceeds showing a higher balance than previously disclosed and note disclosure to explain the same. The updated financial statements also include in the expenses transaction costs related to the expenses of the coin and NetCents wallet setup.
The Q1 January 31, 2018 MD&A with amendments to include more detailed discussion and reporting on the coin sales and proceeds. Included in the MD&A is an explanation of the transaction costs associated with deploying the coin and the NetCents wallet.
Company also provided further clarification and detail on the status of the Foundation and coin proceeds.
The Company expects to issue amended and restated annual MD&A and Q1 MD&A and financial statements once the BCSC has completed their review. The Company expects the trading halt will remain in place until the BCSC has completed their review.
Non-profit Organization Update
It is the Company's intention that an independent non-profit organization (NPO) will manage the release of the NetCents coin (NCCO) and the proceeds from the sale of the coin. The delays in finalizing both the domicile and structure of the non-profit Foundation are due to the complex legal and tax issues which are involved. The Company looked at both Trust and Foundation structures for the NPO. Different domiciles for the NPO were also considered. Decision criteria included the legal and financial environment and the impact of Canada Revenue Agency (CRA) taxation policies. The initial location for the NPO was to be in the canton of Zug Switzerland. As an alternative, the Company also looked at locating the NPO in the Cayman Islands. The Company has received legal advice from firms in both jurisdictions to ensure future sales of the NCCO would not breach any Swiss or Cayman Island financial regulations as well as comply with Canada Revenue Agency (CRA) requirements. A final decision on the chosen location is forthcoming.
Coin Update
Proceeds from the sale of the NCCO are being held in trust by a third party institution and will be delivered to the Foundation once it is fully operational. None of the proceeds have been spent or used for the Company's operational purposes.
During the halt period, the Company has continued to process transactions and meet with interested parties to develop business opportunities for the processing of crypto-currency payments, NC Exchange, and the NCCO. Once the BCSC has completed their review, the Company will release further information.
Antwort auf Beitrag Nr.: 57.823.604 von MicaGe am 24.05.18 14:51:45
Mit den News?Träum weiter! Ich denke noch ein zwei Neukunden und dann geht das los! Ich sag nur Paysafe!
Mit den News?Träum weiter! Ich denke noch ein zwei Neukunden und dann geht das los! Ich sag nur Paysafe!
!
Dieser Beitrag wurde von MODelfin moderiert. Grund: Tatsachenbehauptungen bitte entsprechend belegen, Danke.
Antwort auf Beitrag Nr.: 57.823.490 von biansi63 am 24.05.18 14:40:57
Keine Ahnung, ob Wir pleite sind. Ich habe keine NC-Anteile. Keine Langen und keine Kurzen. Ich habe nc zwei Mal getradet und bin, denke ich einer der wenigen, der hier real im Plus ist.
Die Falle mit der Suspension hätte allerdings bei jedem zuschnappen können ..
Keine Ahnung, ob Wir pleite sind. Ich habe keine NC-Anteile. Keine Langen und keine Kurzen. Ich habe nc zwei Mal getradet und bin, denke ich einer der wenigen, der hier real im Plus ist.
Die Falle mit der Suspension hätte allerdings bei jedem zuschnappen können ..
Trading Spotlight
Antwort auf Beitrag Nr.: 57.823.439 von herrscher2 am 24.05.18 14:35:21Wetter bleibt ja noch schön! Alles ist angerichtet ich freue mich schon auf das Grillen!So lange wirds nicht mehr dauern! Ach ich vergaß wir sind ja Pleite! Mfg
So lange wirds nicht mehr dauern! Ach ich vergaß wir sind ja Pleite! Mfg
Antwort auf Beitrag Nr.: 57.823.388 von SAB80C537 am 24.05.18 14:28:50
Ich denke ein post von Svabo hat mehr Inhalt, als alle eure posts zusammen in einem Jahr ..
Ich denke ein post von Svabo hat mehr Inhalt, als alle eure posts zusammen in einem Jahr ..
Irgendwie hab ich den Eindruck dass trotz der ganzen Durchhalteparolen, bestimmte Leute immer dünnhäutiger werden.
Ich nehms mal mit Humor
Ich nehms mal mit Humor
Antwort auf Beitrag Nr.: 57.823.178 von Svabo am 24.05.18 14:07:41
Blub
Blub Blub wo bleibt der Inhalt ?
Antwort auf Beitrag Nr.: 57.821.390 von SAB80C537 am 24.05.18 10:31:01
Abgesehen davon dass Aliant keine Bank ist sondern ein PaymentServiceProvider (und da auch nur ein Reseller von FirstData).
Nur für den Fall dass hier mal ausnahmsweise ein paar Fakten auf den Tisch sollen
Aber ich finde es witzig dass Aliant nun kleingemacht werden soll - ich erinnere mich noch an die Zeit als man das 560 Mrd Narrativ aufrechterhalten wollte, da war jede Kritik an Aliant verboten
Zitat von SAB80C537: Aliant ist eine Bank und nicht übermäßig gross und kein Softwareentwickler.
Immer wieder diesselbe Leier, Zweifel streuen bis die Schwarte kracht!
Abgesehen davon dass Aliant keine Bank ist sondern ein PaymentServiceProvider (und da auch nur ein Reseller von FirstData).
Nur für den Fall dass hier mal ausnahmsweise ein paar Fakten auf den Tisch sollen
Aber ich finde es witzig dass Aliant nun kleingemacht werden soll - ich erinnere mich noch an die Zeit als man das 560 Mrd Narrativ aufrechterhalten wollte, da war jede Kritik an Aliant verboten
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