Cuentas Inc (CUEN)

[nit2win]

Oh, a statement like that tells me we don't know the games Rico plays!

LMFAO!

[6pack2go]

At least he is using his real name and not hiding behind an iHub alias pumping tickers with having inside info....

[Femto99]

The company was making false claims in their PRs, shame

[Femto99]

Thanks for the warnings!

[Femto99]

Thanks for the ones who stayed here warning people

[Femto99]

Their Cuentas department is loosing big on Q3 report. So much debt and legal issues

[Femto99]

Total lying management

[Femto99]

PR half years ago promised uplisting, then Q2 financing said the RS was because AS is stretched out.

[Femto99]

The company is issuing shares without hesitation. CEO's personal enrichment machine

[Femto99]

I cut my losses.

[makinezmoney]

$CUEN: Cuentas rolled in CIMA group


https://www.cimagroup.com/


GO $CUEN

[makinezmoney]

$CUEN: "UNDERBANKED" Fintech Commerce in Latin Markets

Cuentas, Inc. (OTCQB: CUEN) is a FinTech (Financial Technology) company utilizing technical innovation together with existing and emerging technologies to deliver accessible, efficient & reliable mobile, online, and traditional financial services to consumers. CUEN is proactively applying technology and compliance requirements to improve the availability, delivery, reliability and utilization of financial services especially to the unbanked, underbanked and underserved segments of today's society.



https://www.prnewswire.com/news-releases/cuentas-extends-loi-with-cima-group-to-acquire-global-exclusive-licensing-of-fintech-intellectual-property-ip--836701846.html

[makinezmoney]

$CUEN: Holy Shit... $41Million in H2-2018 REVENUES ??????


This is INSANE.

And Market cap only $3Million



Whats going on here ???????


What am I Missing ?


**********************************************************


Cuentas Inc. Reports First Half Revenue Up by 3,806% to $40.9 Million and Positive Net Income for the First Half of 2018Font size: A | A | A
8:15 AM ET 11/27/18 | PR Newswire
RELATED QUOTES


9:55 AM ET 12/20/18
Symbol Last % Chg
CUEN
2.99 -0.33%
Real time quote.



MIAMI, November 27, 2018 /PRNewswire/ --

Cuentas, Inc. (CUENTAS)(OTCQB: CUEN), a FinTech service provider delivering mobile banking, prepaid debit and credit and telecommunications services to underbanked and underserved communities, announced today that it has filed its Form 10-Q for the period ended June 30, 2018.

Cuentas generated total revenue of $40.9 million for the six-month period ended June 30, 2018, as compared to $1.1 million for the six-month period ended June 30, 2017, an increase of approximately 3,806%. The increase in the total revenue and net income was mainly due to the acquisition of Limecom in October 2017.

Net income for the six-month period ended June 30, 2018 was $0.6 million compared to a net loss of $4.17 million for the same period ended June 30, 2017.

Revenue for the 3 months ended June 30, 2018 was $20.9 million compared to revenue of $0.6 million for the comparable period in 2017. The increase was mainly due to the acquisition of Limecom.

The increase in the total revenue in 2018 drove a 60% a reduction in the net loss, from $2.44 million in the second quarter of 2017 to $1.0 million in the second quarter of 2018. Net loss per diluted share decreased 69% year-over-year, from $2.62 in the second quarter of 2017 to $0.81 in the second quarter of 2018.

The principal reason for the delay in filing the latest 10-Q Form was the integration of Limecom's accounting system and data.

"While the incorporation of Limecom's accounting data led to a delay in our filings with the SEC, we're pleased to have completed this critical initiative and to report operational results that prove the company is moving in the right direction to increase revenue and profits," said Arik Maimon, CEO. "Hopefully, as our six-month results indicate, we have turned the corner and Cuentas is headed toward sustained profitability."

"We have been working very hard to improve the revenue and profits for the Company," said Michael De Prado, President & COO of Cuentas. "While we are pleased with our year-to-date results, we believe our best days are ahead and look forward to reporting our ongoing successes to you in the coming months."

About Cuentas, Inc.

Cuentas, Inc. (OTCQB: CUEN) is a corporation headquartered in Miami, Florida, which, through its operating subsidiaries, engages in the business of using proprietary technology and certain licensed technology to provide innovative Mobile banking, Mobile Payment solutions to underserved, unbanked, and emerging markets. Learn more at www.cuentas.com

THIS PRESS RELEASE CONTAINS "FORWARD-LOOKING STATEMENTS", AS THAT TERM IS DEFINED IN SECTION 27A OF THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED, AND SECTION 21E OF THE UNITED STATES SECURITIES EXCHANGE ACT OF 1934, AS AMENDED. STATEMENTS IN THIS PRESS RELEASE, WHICH ARE NOT PURELY HISTORICAL, ARE FORWARD-LOOKING STATEMENTS AND INCLUDE ANY STATEMENTS REGARDING BELIEFS, PLANS, EXPECTATIONS OR INTENTIONS REGARDING THE FUTURE. EXCEPT FOR THE HISTORICAL INFORMATION PRESENTED HEREIN, MATTERS DISCUSSED IN THIS PRESS RELEASE CONTAIN FORWARD-LOOKING STATEMENTS THAT ARE SUBJECT TO CERTAIN RISKS AND UNCERTAINTIES THAT COULD CAUSE ACTUAL RESULTS TO DIFFER MATERIALLY FROM ANY FUTURE RESULTS, PERFORMANCE OR ACHIEVEMENTS EXPRESSED OR IMPLIED BY SUCH STATEMENTS. STATEMENTS THAT ARE NOT HISTORICAL FACTS, INCLUDING STATEMENTS THAT ARE PRECEDED BY, FOLLOWED BY, OR THAT INCLUDE SUCH WORDS AS"ESTIMATE", "ANTICIPATE", "BELIEVE", "PLAN" OR "EXPECT" OR SIMILAR STATEMENTS ARE FORWARD-LOOKING STATEMENTS. FORWARD-LOOKING STATEMENTS CONTAINED IN THIS PRESS RELEASE INCLUDE STATEMENTS RELATING TO OTHER PUBLICLY AVAILABLE INFORMATION REGARDING THE COMPANY.

For inquiries:

Dave Gentry

RedChip Companies Inc.

[e-mail]

[phone]

Cuentas, Inc.

[e-mail]

[phone]

SOURCE Cuentas, Inc.

> Dow Jones Newswires

November 27, 2018 08:15 ET (13:15 GMT)

[Arthur]

Factoring out receivables is a very costly move for any company.

The factor takes a big cut of any sale.
The factor certain to make money, while the company loses money.

Limecom receivables were already factored out when Cuentas "acquired" it.

[Femto99]

November 8, 2018 News
Cuentas Inc. Subsidiary Limecom Inc. Signs a $4 Million Factoring Agreement
Limecom Generated $100M in Revenue in Fiscal 2017

MIAMI, November 8, 2018 Cuentas, Inc. (CUENTAS) (OTCQB: CUEN), a FinTech service provider delivering mobile banking, prepaid debit and credit and telecommunications services to underbanked and underserved communities, announced today that its wholly owned subsidiary Limecom, which specializes in wholesale international telecommunications services provided via Voice over Internet Protocol (VoIP), executed a $4 million, three-year, factoring facility with AEC YIELD CAPITAL LLC, an affiliate of Advanced Energy Capital, LLC (“AEC”). Limecom has interconnections with over 100 Carriers around the world and has provided over 2 billion minutes of voice traffic. Limecom generated revenue of over $100M in fiscal 2017. In fiscal 2018, Cuentas’ Income Statement will reflect 100% of the revenue of Limecom.

AEC will provide an initial availability of $4 million for periodical purchasing of Limecom invoices. This facility will allow Limecom to expand its business unit substantially. Cuentas, which provides its mobile banking customers with Telecommunications Long Distance Rewards, will be using Limecom’s International Network Legacy for these rewards. The total facility amount can increase incrementally by $1 million, up to $8 million.

“Securing this facility is key to the growth and profitability of Limecom which will help Cuentas tremendously,” said Orlando Taddeo, International CEO of Limecom. He also added, “This financial agreement should be beneficial to the entire company and help generate additional significant revenue and profitability.”

“Limecom has been a very strong carrier in the international marketplace and this financial instrument will allow for the continued expansion of services,” said Daniel Contreras, CFO of Limecom.

“Adding Limecom to our stable of clients is another key step in broadening AEC’s reach in providing creative and high-proceeds working capital solutions to a variety of industries,” said Richard Rudy, Principal and co-Founder of AEC. “We are excited to enter into this agreement with Limecom and view their entrepreneurial approach as a key driver of success.”

ThinkEquity, a division of Fordham Financial Management, Inc., acted as advisor to the company on the financing.

About Limecom, Inc.
Limecom, Inc., a wholly owned subsidiary of Cuentas, Inc, is a corporation headquartered in Miami, Florida that specializes in wholesale international telecommunications services provided via Voice over Internet Protocol (VoIP). Limecom has interconnections with over 100 Carriers around the world and has provided over 2 billion minutes of voice traffic.

About Cuentas, Inc.
Cuentas, Inc. (OTCQB: CUEN) is a corporation headquartered in Miami, Florida, which, through its operating subsidiaries, engages in the business of using proprietary technology and certain licensed technology to provide innovative Mobile banking, Mobile Payment solutions to underserved, unbanked, and emerging markets. Learn more at http://www.cuentas.com

[Femto99]

Interesting 8-k

[Femto99]

Orlando Taddeo is on the board.
https://www.linkedin.com/in/orlando-taddeo-4a181912/
https://www.sec.gov/Archives/edgar/data/1424657/000121390017009990/0001213900-17-009990-index.htm

[Femto99]

Orlando Taddeo is on the board.
https://www.linkedin.com/in/orlando-taddeo-4a181912/
https://www.sec.gov/Archives/edgar/data/1424657/000121390017009990/0001213900-17-009990-index.htm

[jindra]

Silent...no news CUEN

[Femto99]

NO

[jindra]

Halted?

[Femto99]

I got small position, just curious to see the quarterly report.

[Common_centz]

Truth. Did this ever make it past .0014?

[TenKay]

NXGHD symbol change to CUEN

http://otce.finra.org/DailyList

[Big bucks]

NOT GOOD

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=117382899

[sonarone212]

$SANP?

[Big bucks]

A MUST READ...don't get sucked in



https://investorshub.advfn.com/boards/read_msg.aspx?message_id=117382899

[Big bucks]

Massive dilution......sty far away impo

[Big bucks]

More Due Diligence Folks....careful folks...big dumps are coming....he say it right in the Fins.. ASAMA getting 250 million preferred shared ..God Only knows how many billions that will convert into.......



https://investorshub.advfn.com/boards/read_msg.aspx?message_id=117382899

[Big bucks]

WARNING WARNIMG WARNING

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=117382899

[Arthur]

Financials are too much trouble.

[LevG]

Delinquent again!!!!!

[LevG]

Harrison Vargas has a decent sized position.

https://www.otcmarkets.com/filing/html?id=12924512&guid=05OEU6NmImzm-3h

31.6m shares which would have reverse split to 105,333.

This month invested before reverse split at $0.0145.

[LevG]

Revolut was valued at $1.4b with 1.7m users.

NXGHD gets 1m users, based on Revolut valuation, they should be worth $800m.

[LevG]

That is the risk they are running......

I can't find any mention of them paying the money for Limecom.

[Arthur]

The acquisition further provides that LimeCom must achieve $125,000,000 in revenues in fiscal year 2017 and $2,500,000 in EBITA which was achieved. The Company and Heritage have a mutual right of rescission if the $2,000,000 is not paid or any unknown or undisclosed material claims are made against Limecom. as set forth in the Agreement.

Cuentas hopes to buy LimeCom with LimeCom's own profits.
LimeCom's profits will also come handy to repay the loan from LimeCom to NXGH/Cuentas.


My expectation is that LimeCom's "acquisition" will be rescinded, as it was always planned from the start.

[LevG]

Has anyone found the $2m payment from NXGHD to Limecom for the acquisition?

I have been searching for this in the accounts, and don't see any reference to this.

[LevG]

They filed NT 10-Q to say they're late in filing.

[Arthur]

They ought to file their 10-Q within 5 calendar days.

Unless they don't file on time, like they did recently.

[Big bucks]

Holly smokes....it just keeps on getting worse...read this link


https://investorshub.advfn.com/boards/read_msg.aspx?message_id=117382899

[LevG]

Why is there 25,733,125 shares outstanding?

Surely since they issued 360m, there should now be 1.2m shares????

Their market cap has jumped as a result to $90m.

[LevG]

Maybe Arik Maimon should resign as President.

They have potentially a great product with retailers nationwide ready to stock. But with Maimon as president I can't see them being successful.

[LevG]

More PR rubbish from the guys:

https://www.otcmarkets.com/stock/NXGHd/news/Cuentas-Announces-Successful-Israeli-Entrepreneur-Arik-Filstein-as-New-Executive-Advisor-to-the-Board?id=200927

[LevG]

So what's happened to NXGH today?

Now that they have changed the ticker name. Does that mean all our NXGH stock is obsolete?

What about the reverse split? Surely we would be reverse split also?

[Big bucks]

wow, wow and wow...read this link folks..

....

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=117382899

[Big bucks]

This is ugly folks read due diligence

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=117382899

[bransteff]

I think we saw some short covering today.. with reverses like this can go either way.. I hope she doesn't lose an instant 50% as is sometimes the case with these situations. I have seen them go nuts to the upside.
Hoping for the best!!

[davidsson10]

1:300 R/S Monday, per FINRA: http://otce.finra.org/DailyList

NXGHD

[vp_007_99]

LMAO SCAM-RS ANNOUNCED with AS REMAINING SAME. BLATANT SCAM...WHERES THE KIDDIE WATER????LMAO

[Big bucks]

EXPOSED!!!!

WARNING WARNING WARNING ..WHAT IM FINDING WHILE DOING MY DD IS UNBELIEVABLE AND JUST CANT IMAGINE THOSE WHO HAVE ALREADY LOST $$$$$$......


https://investorshub.advfn.com/boards/read_msg.aspx?message_id=117382899