MoneyonMobile - 500 Beiträge pro Seite

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Zahlungsdienstleister, (hauptsächlich?) in Indien tätig

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Debt Restructure Provides Immediate Financial Flexibility

MoneyOnMobile, Inc. (MOMT) announced the restructuring of $2.375 million in outstanding debt obligations to Hall MOM, LLC and eVance Processing Inc.

The original principal amount of the Note held by Hall MOM, LLC was $2,000,000 and was originally due December 31, 2017. The Note had an outstanding principal balance of $1,700,000, and has been amended effective December 15, 2017. In connection with the amendment, the Company made an $850,000 principal payment on December 28, 2017. The remainder of the obligation will be paid in monthly installments beginning in February 2018 with final balance due by October 31, 2018.

Additionally, the Company's $675,000 debt obligation to eVance Processing Inc., originally due November 30, 2017, has been amended. In connection with the amendment, the Company made a $200,000 principal payment in December 2017. The remainder of the obligation will be paid in monthly installments beginning in January 2018with final balance due by June 30, 2018.

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MoneyOnMobile Raises $7.6 Million in New Capital Under Completed Series F Fundraise

MoneyOnMobile, Inc. (MOMT) has announced the company completed a $7.6 million fundraise which will provide new capital through the issuance of Series F Preferred Shares.

"We are pleased with the positive response from investors and the speed with which we closed this investment during what is normally a relatively slow time of the year for fundraising. This capital infusion will enable us to continue to execute our business plan and drive growth across our product lines," says Harold Montgomery CEO and Chairman.

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MoneyOnMobile Announces Conversion of $3.8 Million in Debt for Equity

Debt conversion provides immediate financial flexibility

MoneyOnMobile, Inc. (OTCQB: MOMT) announced the conversion of approximately $3.03 million of outstanding principal owed under secured subordinated promissory notes and approximately $745,000 of related unpaid interest into 3,778 shares of the Company's Series G Preferred Stock.

"We are pleased to have our stakeholders see the value of owning equity and we are grateful they chose to provide us with this financial flexibility. It indicates validation of our ongoing effort to reduce debt, improve our balance sheet, and increase our working capital position so that we can improve upon the strong growth we experienced in 2017," said Harold Montgomery, Chairman and CEO of MoneyOnMobile, Inc.

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Antwort auf Beitrag Nr.: 56.974.895 von R-BgO am 08.02.18 16:58:55

MoneyOnMobile Raises $5 Million from S7 Group

The raise will provide new capital through the issuance of Series H Preferred Shares


MoneyOnMobile, Inc. (OTCQB: MOMT), one of India's largest phone-based payment networks, announced the company has completed a $5 million fundraise from the S7 Group, a private aviation and aerospace holding company in Russia. The raise will provide new capital through the issuance of Series H Convertible Preferred Shares.

"The S7 Group has implemented several new technological improvements to various operations and payment processes across our holdings. We look forward to using our world-class expertise in India's fast developing payments market to continue MoneyOnMobile's growth," Oleg Gordienko, S7 Group Investment director, said.

"We are excited to have the institutional investment support from the S7 Group. This capital infusion will enable us to continue to execute our business plan and drive growth across our product lines. As part of the deal we will bring to our board a strategy for how to leverage technologies the S7 Group has used to identify new growth opportunities, and will benefit from their experience in this area. Having worked with the principals at S7 Group over the last few years, I appreciate their confidence and enthusiasm about the future of MoneyOnMobile," says Harold Montgomery, CEO and Chairman.

Terms of the Series H investment structure can be found in the 8k filing here: http://bit.ly/MOMTSECfilings

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bei Comdirect heißen sie noch "Calpian"

WKN A1C4WP

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gescheiterter NASDAQ-Listingversuch:

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Antwort auf Beitrag Nr.: 58.943.016 von R-BgO am 12.10.18 14:30:31

hübsche case-study:

https://www.irdirect.net/prviewer/release/id/3309069



"DALLAS, TX and MUMBAI, INDIA / ACCESSWIRE / September 14, 2018 / MoneyOnMobile, Inc. (OTCQB: MOMT)

Dear Friends and Shareholder of MOMT:

First, let me say how much I appreciate your commitment to MoneyOnMobile, Inc. and our mission to build a world-class payment business serving the un-banked and under-banked population in India. We have made great strides toward realizing our goal of being the largest most comprehensive such company in the world's most vibrant and dynamic market. Recent events in India have - for the time being at least - taken that vision away from us.

Our company in Mumbai has been the target of a premeditated, carefully orchestrated hijacking at the hands of individuals, some of whom have been accused of serious crimes, as well as members of the Indian management team with whom we had been working for six years. I can't begin to describe to you my sense of outrage at the actions this group have perpetrated. I am committed to doing everything within my power and the resources of MOMT to restore the status quo and reinstate our contractual rights to ownership and control of the company in India, which have been taken away illegally. I hope I can enlist your help in this effort.

The illegal actions taken by the hijackers are, by their very nature not fully known to us. However, we have pieced the story together through various sources and done the best we can to separate fact from rumor before presenting the results to you. This effort has taken some time, but we have put accuracy first. The purpose of this letter is to bring you current on events in Mumbai and let you know what we're doing and how we intend to recover our company..."