News 
Market Data 
Discover
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
|
Followers
|
7
|
Posters
|
|
|
Posts (Today)
|
0
|
Posts (Total)
|
584
|
|
Created
|
10/27/08
|
Type
|
Free
|
| Moderators | |||
Lion Capital Holdings, Inc.
http://www.defimobile.com/about.aspx
FunFinder Inc
http://www.funfindergps.com/default.htm
and
Publisher X
http://publisherx.com/
O/S 14,851,079
All directors and officers as a group
11,336,375 - 77.37 %
Form 8-K for LION CAPITAL HOLDINGS INC
2-Apr-2009
Other Events
On March 27, 2009, Lion Capital Holdings, Inc. entered into an irrevocable Letter of Intent for the acquisition DeFi Mobile Ltd.,a privately held telecommunications company. The acquisition is subject to the entry into a material definitive agreement regarding the transaction, shareholder approvals, if applicable, and the satisfaction or waiver of certain conditions customary to transactions of this type. The Company intends to complete the transaction on or before May 30, 2009. The timing and completion of the acquisition is subject to shareholder approval of DeFi Mobile Ltd., applicable securities laws and other factors. There can be no assurance that this transaction will be completed in a timely manner if at all.
| 1. | The Company will acquire all assets, liabilities and issued and outstanding shares of DeFi as follows: one share of the Company’s common stock for each DeFi share of common and Series A preferred shares. |
| 2. | The Company will also issue to the DeFi preferred shareholders 25% warrant coverage at $0.25 per share for a two-year term, and 25% warrant coverage at $0.50 per share for a two-year term. |
| 3. | Upon finalization of the agreement, the Company will change its name to DeFi Mobile, Ltd. |
| 4. | Certain holders of the convertible notes payable will convert these notes into shares of the Company’s common stock at $0.10 per share, the day that the purchase agreement is signed. |
Chief Editor
I had a really nice conversation with Jeff Rice today. He’s the CEO at DeFi Mobile (disclosure, they provide me with VOIP). I had some pointed questions I wanted to ask but we started off with what they are up to right now (the good stuff). First though I should tell you that DeFi is a Mobile VOIP provider, working over wifi networks with a list of thousands it auto connects to and only costs $40/month for unlimited calls.
Now to let the cat out of the bag, DeFi has their app being reviewed by the iPhone people so they can get it into the iPhone App Store. This is big for people living in the States. There are many times more iPhones here then Nokia N and E Series devices, so they hope this means that the general public here in the US will start to download DeFi on to their iPhones and get a taste of Mobile VOIP. And DeFi will be offering all new accounts a 101 free minutes anytime and to anywhere in the world. So you can call landlines and mobiles. You will also be able to always call for free other DeFi users, other VOIP providers, iNum #rs, Google Chat folks, and hopefully soon Skype folks. So that’s what’s going on at the moment with DeFi.
To get started with DeFi once their iPhone app is available you will just have to download it and give them your mobile # and email address and poof your in business. This is a great opportunity for couples to talk to each other for hours at a time or companies with globally located employees to talk, all for free. This is just a stepping stone for folks to then pay the $40/month and get flat rate unlimited calls to anybody on any network, anywhere in the world. Maybe even disrupt the big telcos by lowering your minute plans with them.
One very interesting and important innovation by DeFi is that they are going to be giving out iNum numbers in the future. This iNum is a very new concept giving people a # geared toward being used around the world and not being chained to a geographic location.
On a side note, Jeff is currently using a Nokia E51, E71 and iPhone.
Thank you to Jeff Rice for his time and Tim Warner for making this happen.
" DeFi Global Access(TM) Members Enjoy Carrier-Grade Network, Feature Rich Unlimited Global Calling, and Worldwide Automated Access Point Connections
London and San Francisco, (ANTARA News/PRNewswire-AsiaNet) - DeFi Mobile(TM) today announced the launch of DeFi Global Access(TM), a subscription-based service enabling its members to make unlimited phone calls, access e-mail and the Internet over the DeFi Mobile carrier-grade, global IP network for a flat monthly fee of 25 pounds sterling/ $40.00.
As part of this service, DeFi Global Access members’ mobile devices automatically connect to millions of private and commercially available access points around the world, including those provided by T-Mobile, ATT Wireless, Orange, VEX, FON, free-hotspot.com and many others. The result of more than 50 global partnerships involving more than 75 countries, these DeFi automated access points include more than 15,000 hotels, more than 120 international airports, tens of thousands of coffee shops, restaurants and marinas around the world.
[...]
DeFi Mobile is currently developing DeFi Global Access membership support for people who rely on smartphones operating on other operating systems, including RIM (Blackberry), Windows Mobile, iPhone (Apple), UIQ and others."
AI
