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$MNELF raising $6m @ .03 pps to complete merger:
https://www.otcmarkets.com/filing/html?id=13535428&guid=gLRIUHhRQLJGf3h
playchip go bye bye - next up -> Pilbara Metals Group
https://ih.advfn.com/stock-market/USOTC/mission-newenergy-ltd-pc-MNELF/stock-news/80318837/report-of-foreign-issuer-6-k
$MNELF
What's happening with this stock. Playchip called the merger off!
PlayChip are excited to be announcing various sporting partnerships in the coming days! The first is Philip Mulpeter @honeybadgermma who is one of the most popular Irish #MMA fighters out there!
Watch his walk through at his most recent fight at Cage Warriors!!
nice! $$$ $MNELF $$$
PlayChip will kick off the year with being featured at the ICE London Convention in early February. ICE London is one of the leading international conferences for online gaming enthusiasts and we cant wait to showcase PlayChip and PlayXchange to the world!
the way I understand things-> The deal with PlayUp and 123gaming is not happening. The merger with $MNELF and PlayUp is still moving forward.
What is happening here now that the deal fell apart?
Ok thank you buylowrk!
KMR Sorry for delay in getting back to you but my TP is $1.75 short term within a few months. Take a look at a Quarterly chart and you can see on resistance on up side.
$MNELF $0.170 +0.14024 (+471.24%) Broke resistance. Sky's the limit.
News: $MNELF Mission NewEnergy Limited (MNELF) PlayUp Fails to Complete Acquisition of 123gaming
Perth, Australia (ABN Newswire) - Mission NewEnergy Limited (ASX:MBT) (OTCMKTS:MNELF) announces today that the proposed acquisition between Playup (PLA) and 123gaming, as announced on August 1, 2018, has failed to proceed. Despite Mission's formal request for updates from PLA on the PLA acq...
Find out more https://marketwirenews.com/news-releases/mission-newenergy-limited-mnelf-playup-fails-to-complete-acquisition-of-123gaming-7037476.html
I agree definitely on watch
What does immune therapeutics inc have to do with mnelf?
$MNELF Love the Naked shorts. They are going to be hurting today.
Date Close High Low Volume Short Volume % of Vol Shorted
Dec 26 NA NA NA 15,275 15,275 100.00
Dec 19 NA NA NA 4,100 2,400 58.54
Dec 18 NA NA NA 73,100 23,187 31.72
Dec 14 NA NA NA 106,704 40,560 38.01
Dec 13 NA NA NA 6,700 6,700 100.00
.33 is a good start $$$ $MNELF $$$
Love the ask this morning. It looks ready to bust out.
MNELF GOING MEGA-BIG HERE, EVERYTHING COMING TOGETHER HERE FAST, IMAGING A THE NEW ENTITY WITH A STARTING IPO OF $5.00-$10.00, KEEP A HUGE WATCH OUT HERE !!!
Yep the float here is very small ,little more pressure and this thing will fly $MNELF
$MNELF feels like pps breakout is getting close to happening
Hmmm opens at 19,ha maybe one day we open at $1 $MNELF
Dec 17,2018... The PlayChip Foundation is proud to announce that the PlayChip will be listed on Independent Reserve (IR), Australia’s first institutional grade cryptocurrency exchange. PlayChip will be the first Australian ERC20 token and gaming token to be listed on IR.
In addition, the PlayChip will be traded against three fiat currencies – AUD, NZD and USD. This is a massive win for all token holders and we are very pleased to provide the direct fiat pairings that very few tokens offer.
IR have scheduled the PlayChip for listing in January 2019. The exact listing date will be confirmed by the end of 2018. As this will be our only listing with an AUD pairing, our other listings with HitBTC and LATOKEN will be synchronised with this date. This will allow more time for PlayChip holders to conduct KYC & AML verification during the busy holiday period, and before centralised trading begins.
Please note that this does not prevent holders from selling on decentralised exchanges or conducting over the counter (OTC) trades following our Go Live date of December 19th.
We recommend all Australian PlayChip holders to create an account on the Independent Reserve website.
We are thrilled to be able to celebrate the end of the year with such a crucial listing announcement. We thank you again for your ongoing support and look forward to deploying your PlayChips this Wednesday December 19th.
Kind Regards,
Daniel Simic
Daniel Simic
Director
PlayChip Foundation Ltd
The winning of the Draper Hero’s Choice Award is just another arrow in the quiver of PlayChip’s success to date, with their private seed round selling out in just 2 days. The meteoric rise of this token is certainly one to keep an eye on in the cryptocurrency space.
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$MNELF
PlayChip ICO Takes out the ‘Draper Hero’s Choice Award’ at San Francisco Blockchain Economic Forum
The Blockchain Economic Forum that recently took place in the technological heart of the world, San Francisco (USA), saw huge attendance this year with thousands of participants. Attendees ranged from multi-billion dollar investors, influential media, highest-ranked politicians, outstanding scientists and leaders from the world of technology, along with a plethora of blockchain enthusiasts.
The event featured many major speakers from the industry, including Canada’s former Minister of Finance and Minister of Natural Resources, Joe Oliver, and Poland’s Minister of Finance (2013–2015) and current Lead Regional Economist for Central Europe, Mateusz Szczurek. They were joined by co-founder and founding CTO of LinkedIn, Eric Ly, Vice Chairman of the Bitcoin Foundation, Bobby Lee, and Tim Draper – one of the pioneers of venture capitalism and founder of the $5billion DFJ Fund – among others.
The event hosted a competitive ICO pitch competition for the ‘Draper Hero’s Choice Award’, which was awarded to PlayChip. Their goal is to be the Universal Gaming Token of choice and to create the worlds biggest incentivized, blockchain-enabled sports community and gaming ecosystem.
Luke Lombe from the PlayChip ICO team collecting the San Francisco Blockchain Economic Forum ICO Pitch ‘Draper Hero’s Choice Award’.
The award’s namesake Tim Draper is one of the earliest advocates for cryptocurrencies and blockchain technology. Draper is a venture capital investor, famous for his role as co-founder of Draper Fisher Jervetson, the asset management company he started in 1985 that is currently responsible for managing over USD$5billion in assets. Tim Draper found fame in the blockchain world after he was revealed as the Silk Road Bitcoin Auction Winner in 2014, where he purchased approximately 30,000 seized bitcoins.
The PlayChip ICO has a very compelling service offering due to the fact that it is part of an established company: PlayUp. PlayUp has over 500,000 existing users, and 6 active fantasy sports and sports betting platforms all ready to integrate the PlayChip token. They are on track to deliver $430 Million in turnover throughout 2018, which has made them the real standout in the competition – it is rare for an ICO to already be part of a preexisting multimillion-dollar business. In addition to this, it is one of the few ICOs available to US citizens.
The winning of the Draper Hero’s Choice Award is just another arrow in the quiver of PlayChip’s success to date, with their private seed round selling out in just 2 days. The meteoric rise of this token is certainly one to keep an eye on in the cryptocurrency space.
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MNELF $$$$ GOING TO GO HUGE !!!!!..
PlayUp is seeking a dual listing on the NASDAQ and Australian Stock Exchange via reverse take over of New Mission Energy (ASX:MBT OTC/MKTS:MNELF).
The Public Token Offering is now officially closed.
For more information please visit www.playchip.global.
Enormous potential! $MNELF
Going to be a fun ride $MNELF
Yep,i still scratching my head and think how big that will be! $MNELF
PlayChip Foundation Ltd, the operators of the token, announced that over US$25 million had been committed. This would constitute the highest raise of any gaming ICO in 2018, a considerable achievement given the underperforming crypto market of 2018.
I wouldn't be surprised at all,this company has i huge potential, they acquired seven companies just this year,this is not a joke!! MNELF
MNELF $$$$ $10.00/SHARE...WHEN EVERYTHING(DEAL) IS SAID AND DONE.. ITS HEATING UP..
makes sense. thanks. $$$ $MNELF $$$
At $.10 with 41m shares outstanding and 4% fully diluted this comes out to a playup valuation of $102m.
The premoney valuations listed in the April 2018 document shows premoney valuation between $40m and $120m, so a post money valuation of $80m to $160m. Therefore at $.10 we would be getting in at between an 20% premium and a 50% discount to that round of financing.
Does anyone know what premoney valuation was actually achieved?
The rest of the upside is based on increase in value once it is actually listed and trading. Some article said $700m but I don't think we really have any idea.
for sure. .10 is under valued for this merger deal. $MNELF buy zone currently
Ahh ok, yea I’m ok with that!
using those numbers and the 40m o/s was in the last filing - it would be $.70 pps for $MNELF - still pretty good $$$
Well i think the os is now 40m
If Playup gets valued at $700 million, it would mean our current shares would be worth $2.57 each right?
As current MNELF shareholders are entitled to 4% of the merged company, which would be $28 million. Divided by 10,870,280 shares outstanding. Is my math correct on that?
Mission will undertake a capital raising of new shares to raise at least $US40 million. The US filings show PlayUp could be valued at as much as $US120 million as a result of the deal.
Mission is yet to make an announcement to the ASX about the plans. A spokesman for the company said Mission had lodged disclosures to the ASX.
"Despite our lobbying and legal efforts, the ASX has for unknown reason deemed the release unfit and as such blocked their release," the spokesman said.
The deal is also dependent on PlayUp completing its initial coin offering of the PlayChip.
Under its old model, advertisers funded PlayUp’s fantasy games and prize money was given in the form of gift cards or virtual Visa/Mastercard platform.
After the inital coin offering, players will be able to play and earn rewards in the PlayChip cryptocurrency. The change will allow players in different countries to play using the same currency. end
Sydney entrepreneur Daniel Simic resurrected the PlayUp brand after the original owner of the business Revo collapsed into liquidation in 2016. Mr Simic was not involved with Revo ahead of its collapse.
Mr Simic said in the US company filings that following the integration of blockchain and the dual listing PlayUp will become the globally dominant player in fantasy sports.
“The network effects of successful crypto currencies are astounding and by introducing the PlayChip, we envisage significant user growth as we address the demands of a growing and key market segment of the global online gaming community.”
The collapse of Revo, which was chaired by former NSW premier Nick Greiner up until early 2015, caused a sensation when it was revealed its long list of high profile investors including Mr Turnbull's family, were facing paper losses of $100 million.
Those investors included billionaire Bruce Mathieson, former Telstra chairman Bob Mansfield as well as famed Queens Counsel Allan Myers and rich listers Richard Smith and John Higgins. Cricketers Steve Waugh and Adam Gilchrist were also creditors to the collapsed owner of PlayUp.
Draftstars was founded by gaming entrepreneur Matt Tripp and the James Packer backed CrownBet in April 2015 with Seven West Media, Fox Sports and the AFL becoming shareholders in the venture. It has 100,000 active users.
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