Moderators Comment: cMoney (CMEY) currently trades in the Grey Market the direct result of a temperary suspension recieved on February 16, 2012 by the U.S. Secruities and Exchange Commission .
A copy is provided here for your review: http://www.otcmarkets.com/stock/CMEY/news/Suspension-of-Trading?id=42467&b=y
There are no market makers in this security. It is not listed, traded or quoted on any U.S. stock exchange or the OTC Markets. Trades in grey market stocks are reported by broker-dealers to their Self Regulatory Organization (SRO) and the SRO distributes the trade data to market data vendors and financial websites so investors can track price and volume. Since grey market securities are not traded or quoted on an exchange or interdealer quotation system, investor's bids and offers are not collected in a central spot so market transparency is diminished and Best Execution of orders is difficult.
Moderators Comment: As the direct result of and until the completion of the inquiry/investgation of U.S. Securities and Exchange Commission cMoney, Inc. has recieved the Caveat Emptor Label of OTCMarkets
Buyer Beware. There is a public interest concern associated with the company, which may include a spam campaign, questionable stock promotion, known investigation of fraudulent activity committed by the company or insiders, regulatory suspensions, or disruptive corporate actions. During the time it is labeled Caveat Emptor, any stock that is not in the Current Information category will also have its quotes blocked onwww.otcmarkets.com.
Moderators Comment: cMoney continues to work through and cooperate with the U.S. Securities and Exchange Commission. Understandbly, until the issues are worked through, cMoney remains committed to its business plan and responsive to the inquiry and corresponds with SEC, here is an update provided by its IR partner and provided on cMoney's Facebook Page :
Hello Everyone, We are cooperating fully with the SEC and have the highest hopes that the investigation concludes as soon as possible. The stock will begin trading again tomorrow on the grey markets. We are working diligently with the SEC, FINRA, and other regulating authorities to return CMEY to the Pink trading platform. Please direct all questions to [email protected]
For more information, visit www.cMoney.com.
Chief Executive Officer
(713) 589 5393 x105
P.O. Box 572022
Houston, Texas 77257
Toll Free: +1 (877) 493-CELL (2355)
Fax: +1 (866) 470-3823
About C$ cMoney, Inc.
C$ cMoney, Inc. (CMEY.PK) is a Houston-based technology company that has developed a new and innovative way to send money and pay for goods and services using a mobile phone and the text messaging system. The pioneering technology will create a "virtual wallet" that will eliminate exposure to identity and credit card theft for users. It can be used anywhere that cash, checks or credit cards are accepted.C$ cMoney is currently in conversation with a number of companies and Tier 1 service providers, and continues to explore various development and commercial programs. C$ cMoney offers a financial product to be deployed primarily through each consumer's own bank while giving them the security and comfort of dealing with financial representatives they are already comfortable with on day to day basis. The C$ cMoney product will not be restricted to one cell carrier or a specific financial institution.
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We are seeing an important paradigm shift in the global financial industry.
C$ cMoney is at the forefront of cell phone based technologies for the financial services industry, both now and into the future.
C$ cMoney is a totally revolutionary product offering a technology that changes the ways in which we live our daily lives. The C$ cMoney concept, developed over the last (4) four years, ensures you, the consumer, of never having again to worry about "Identity Theft or Credit Card Theft".
This is as a direct result of our new and innovative technology.
What do we do?
We provide financial services, using cell phone technology to transfer money between cell phones; while instantly providing you a new way to pay for goods and services using your existing cards in your wallet.
C$ cMoney allows you to establish a financial profile to enact the seamless transfer of funds between multiple accounts at various financial institutions, globally.
cMoney Better than Google Wallet!
Press Release from May 31, 2011.
cMoney - What Competition?
HOUSTON--(BUSINESS WIRE)--cMoney, Inc., is a Houston-based company that is at the forefront of global mobile phone-based payments and money transfers, while using the POS and ATM payment system. The cMoney solution utilizes secure patent pending technology for mobile phone users, retailers, and financial institutions, and continues to innovate and strengthen the cMoney brand globally. In this fast moving mobile to mobile payments market segment, the cMoney solution takes a closer look at the Google Mobile Wallet application and its claims to send money from mobile to mobile. The comparison chart analyzes the cMoney concept versus Google's application on Android and demonstrates exactly why cMoney provides the total solution.
Ongoing Research - Our cMoney solution continues to receive positive feedback from our business and technology developers, shareholders and also consumers. All information in the table below has been gathered by cMoney:
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Google Mobile Wallet
|Use on all phone handsets? || || || ||Absolutely, the cMoney solution is a quick downloadable app. that works on ALL phones. || || || ||No, only on Android |
|I have an iPhone, can I use this? || || || ||Absolutely, the cMoney solution will be available through iTunes and many other resources. || || || ||No, iPhone does not run Android and all iPhones must be updated to include the NFC chip. |
|Banking partners? || || || ||Potentially all banks globally || || || ||Only one bank |
|Credit cards? || || || ||Potentially all credit/debit cards you carry. || || || ||Only one credit card provider and not Visa |
|Merchants POS? || || || ||Can use cMoney Solution with CURRENT POS hardware, without costly upgrades. || || || ||Installation of costly hardware before using |
|Usage and general availability? || || || ||The cMoney solution provides for credit card data never being revealed and can be used to: |
- send money from cell to cell
- bank to bank
- and ATM to ATM
all securely from any current handset you own!!
| || || ||Limited to 'partners', who have joined Google's program and installed the special merchant POS hardware |
Storing other personal data?
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- Can store up to 30 credit/debit/store loyalty cards
-Store discount cards
- and receipt history to archive and retrieve when needed
- In final negotiations with a Strategic Partner to store other personal data
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Google said that consumers could store cards, driver's licenses, IDs and other items in Google Wallet. These items may pose an increased risk of identity theft and these items aren't 'official' when displayed on the phone.
|Use of NFC? || || || ||Uses your current cell phone to display cMoney Pay Code (authorization code) and does not need costly NFC or merchant POS hardware upgrades. || || || ||Uses a technology called Near Field Communications (NFC) to allow contactless transactions between consumers' phones and merchants' terminals. NFC chips need to be in all phones to acquire a critical mass. Consumer's level of security during transactions is questionable. |
|Use of ATMs? || || || ||The cMoney Solution acts as the consumers' 24 hour bank giving them the ability to deposit cash, checks, send money: ATM to ATM, ATM to cell, and pay bills; all instantly and secure. || || || ||Not available through Google wallet. |
|Transaction dollar limits? || || || ||Unless customer has a credit line, transactions will only be limited based on the amount of available funds. || || || ||On average it's $100.00 per day and can fluctuate in other countries. |
|Need for a PIN? || || || ||For enhanced security reasons, your PIN is required for all transactions. || || || ||The wallet app itself will require a PIN, as will each transaction. |
|Security of personal details on phone? || || || ||No personal data is ever stored on phone and all transactions to and from the phone are encrypted so identity theft is completely eliminated. || || || ||The payment credentials will be encrypted and stored on a chip, called the secure element, inside the phone. So if the phone is misplaced or stolen, valuable information could be compromised. |
|What if I lose my phone or it gets stolen? || || || ||No personal information is stored on the phone, so there is nothing to disable. There can be no personal information hacked. || || || ||If the phone was lost/stolen, the credit cards inside could be remotely disabled but other information could be exposed. |
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|New technology? || || || ||Yes, although sending money from mobile to mobile has been on the market, the cMoney Solution is ahead of its time in its ability to conduct instant and secure transactions with its many features. || || || ||Google is coming to the market after a number of others and is utilizing the NFC chip which has its numerous consumer/merchant disadvantages. |
Moving forward towards submission of S-1 - cMoney continues, with its previously announced partners, to prepare for the submission of its expedited Form S-1/A.
cMoney filings - Mr. Matthews, CEO of cMoney stated, "I am excited to confirm that all cMoney registration papers are current with the Nevada Secretary of State and are now 'active filings'. Also, all OTCBB company information has been brought up to date. I am pleased to note that Yahoo Finance records our Market Cap. at $34M and we had an active trading volume on Friday of 2,354,887 shares."
Mr. Matthews added, "I would like to take this opportunity to thank all our shareholders from around the world including Ireland, Spain, Estonia and of course America for your continuing loyalty and support. cMoney will continue to innovate, strengthen our brand, and improve on the latest technology developments allowing us to rapidly move forward towards our initial release of this exciting new financial network. The cMoney product is the total solution that has the competitive advantage which will revolutionize the mobile to mobile payment market."
Transfer Agent: ClearTrust, LLC
16540 Pointe Village Drive, Suite 201
Lutz, Florida 33558
Heritage Corporate Services, Inc.
Press Release History
|C$ cMoney Secures $100 Million Financing from AGS Capital Group, LLC |
HOUSTON, July 09, 2010 - cMoney, Inc., a new mobile technology company based in Houston, announced it has received a commitment of $100 million in funding from AGS Capital Group, LLC, of New York City. The investment is expected to support the expansion of the company as well as the launch of C$ cMoney, an innovative mobile platform for the financial services industry.
|C$ CMONEY COMPLETES MERGER WITH BONFIRE PRODUCTIONS AND ANNOUNCES NEW EXECUTIVE LEADERSHIP TEAM |
cMoney, Inc, a development stage mobile technology company based in Houston, - completed a previously announced merger and appointed its executive leadership team - two milestones that showcase the company's goals and growth.
|C$ CMONEY ANNOUNCES MERGER WITH BONFIRE PRODUCTIONS |
|C$ CMoney announced today that it has signed a definitive merger agreement with Bonfire Productions, Inc. (BNFR) |
|C$ cMoney AND US Dataworks announce strategic alliance |
|C$ cMoney, Inc., a Houston-based technology company, and US Dataworks, Inc. (AMEX: UDW), located in Sugar Land, Texas, announced today that they have entered into a strategic alliance agreement for shared technology and support of the upcoming product launch of the C$ cMoney mobile payment application |
|C$ cMoney Secures $15 Million Financing from Kodiak Capital Group, LLC |
Houston, March 25, 2010 - New mobile technology company to be headquartered in Houston, TX secures $15 Million in funding from Kodiak Capital Group, LLC of New York City
Number of Shares Outstanding as of August 3, 2011
Shares Authorized: Common Stock: Five Hundred Million (500,000,000) shares
Preferred Stock: Ten Million (10,000,000)
Shares Outstanding: Common Stock: One Hundred Sixty-Four Million Five
Hundred Seventy-Three Thousand Two Hundred Five (164,573,205)
Preferred Stock: There are no shares of Preferred Stock outstanding.
Public Float: approximately Thirty Million Six Hundred Ninety-Three Thousand
Nine Hundred Sixty-Three (30,693,963)
Total Number of Beneficial Shareholders: As of August 3, 2011: 3
Total Number of Shareholders of Record: 23 certificated