Mission Newenergy Ltd. (fka MNELF)

[KMR73]

Young Australian technology entrepreneur has resurrected the collapsed PlayUp sports fantasy and betting business and claims it now could be headed for an ASX and Nasdaq float, valuing the business at more than $700 million.

Daniel Simic, 41, says PlayUp should have annual gross gaming turnover of $500 million after a string of acquisitions and deals this month.

PlayUp, which offers daily fantasy sports games, claims to have about 425,000 registered users. About 65 per cent are in India and 20 per cent in Australia, Mr Simic told The Australian Financial Review.

Tech entrepreneur Daniel Simic wants to list PlayUp on the ASX. Steven Siewert

The business has launched its own cryptocurrency, the PlayChip Utility Token, built on the Ethereum blockchain and specifically designed for use as a universal payment and rewards system for the online gaming industry

"We'll be doing a cryptocurrency IPO in the middle of the year and then you'll see us doing an reverse listing on the ASX by the end of the year," Mr Simic said.

PlayUp last week signed a heads of agreement with the ASX-listed Mission NewEnergy, a shell company that formerly had biofuel assets, which also has traded over the counter in the United States for a reverse takeover and began the process of trying to relist the company in both countries.

"The PlayChip is a unique offering [and] we expect that with the successful integration of Blockchain technology and the completion of ASX and Nasdaq listings, our company will be positioned to be a dominant player on the global stage in fantasy sports, online gaming as well as the emerging blockchain technology sector," Mr Simic said.

PlayUp also has completed a deal to purchase the Draftstars daily sports fantasy business from corporate bookmaker CrownBet and ClassicBet, an online bookmaker.

"Draftstars is an ideal acquisition for PlayUp delivering immediate and significant growth in our Australian user base," said Mr Simic. "And we are committed to growing the ClassicBet business beyond Australian shores and will integrate the 'PlayChip' as a new currency option within its platform."

PlayUp's chequered history included raising $100 million from dozens of high-profile investors, but by January 2016 its parent company, Revo Pty Ltd, was in liquidation.

Mr Simic's involvement with PlayUp began in February that year with the purchase of secured debt in the company from Prime Minister Turnbull's son Alex, who had been assigned the debt months earlier from the family investment company, Turnbull & Co.

Malcolm Turnbull had previously invested $1 million in PlayUp shares, along with other high-profile investors such as Rich Listers David Paradice and Allan Myers and sports stars Steve Waugh and Adam Gilchrist. It had then been converted to debt in Revo after which the Turnbulls had become secured creditors.

Mr Simic relaunched PlayUp in July 2016. He said the business had worked because it had been run on a leaner cost base and with a more precise strategy.

"I wanted this to be an Australian success story and turn it around," he said. "You get your gross gaming turnover and don't have many overheads and you can be profitable. That is what we have done."

MOST VIEWED IN BUSINESS'Star' Dom

https://www.afr.com/business/gambling/playup-bets-on-cryptocurrency-future-plus-asx-and-nasdaq-listing-20180412-h0ynv2

[Welcome2Pinkyland]

Agree

[KMR73]

Yep and one day boom!!!MNELF

[Welcome2Pinkyland]

$MNELF Under the radar for now

[KMR73]

Actually that's ok,more time for me to collect more shares GLTY MNELF

[KMR73]

Yep and check this out

i can't believe that nobody is buying this stock $MNELF

[Welcome2Pinkyland]

Thanks for posting. Big time merger in the works $MNELF

[KMR73]

[KMR73]

Hmmm must watch this wow

[StockHobit]

Seeking dual ASX and NASDAQ Listing!!

[StockHobit]

Very nice, yes

[Welcome2Pinkyland]

Not as good as 10m. But still pretty good.

[StockHobit]

OUR MISSION

Our teams mission to build the world’s largest community of interactive sports fans – and we are well on our way to doing just that.

1,000,000+ users already!!!
It’s just begun

[StockHobit]

You can play online or via our iOS app and Google Play App. Our website uses cutting edge technology to provide the most accurate, true-to-life fantasy sports experience. The players salaries, rankings and fantasy scores accurately represent their real life performances via our proprietary technology making PlayUp the home of DFS for real sports fans

[StockHobit]

1,000,000+ users!!!!

At PlayUp, you can play all of the major fantasy sports leagues: AFL, BBL, EPL, IPL, NBA, NFL, NHL, NRL, PKL and many many more. Best of all there are no season long commitments. Simply join any of our daily challenges in the lobby, create your dream team and sit back and watch. Follow the live leaderboard where your players real life actions result in fantasy points for your team. The better they do, the better you do and the more Prize Money you win.

[StockHobit]

Subject to the approval of the ASX and NASDAQ and regulatory approval requirement detailed below, and if required completion of a funding round of US$ 40,000,000

Capital Raise of funds on the RTO as required by either the Company or to satisfy listing rules of either NASDAQ or ASX and issuance of related common stock

PlayUp Limited operates PlayUp.com, ClassicBet, Draftstars, Betting.Club, TopBetta and MadBookie. PlayUp Limited is expected to deliver one of the world's first fully-integrated, blockchain enabled global fantasy sports, online sports betting and gaming ecosystem

[StockHobit]

Per 11/13/18 form 20-f there are 40,870,275 ordinary shares outstanding ;)

[StockHobit]

PlayUp Limited currently has more than 900,000 users and is represented by international sporting icons such as cricket legend, Brett Lee, who has amassed a social network of over 4 million sports fans.

PlayUp Limited currently employs 42 fulltime employees with offices in Sydney (HQ), Melbourne, Gold Coast, Darwin, Hong Kong. PlayUp Interactive Pty Ltd, a wholly owned subsidiary of PlayUp Limited, is a licensed gambling operator in Australia.

[KMR73]

Ok thanks

[Welcome2Pinkyland]

I think it’s $4 but there is a bunch of exceptions too.

[KMR73]

Lyn,do you know what's the sp minimum requirements to qualify for Nasdaq ?

[Welcome2Pinkyland]

Float should stay at 2m even after merger for at least a year- so multi dollars is a real possibility $MNELF

[KMR73]

Agreed $1 minimum

[KMR73]

Yep, can you imagine what's going to happen with the sp,sky is the limit, wow

[Welcome2Pinkyland]

$MNELF chart:

[Welcome2Pinkyland]

This long wait should pay off big time $1 plus pps $MNELF

[Welcome2Pinkyland]

$MNELF 10M OS, 2M FLOAT

[Welcome2Pinkyland]

This is going to be a good merger. Trades really thin. $MNELF

[StockHobit]

Dec7,2018 PlayUp Limited and Mission to Proceed with Merger & Listing

[StockHobit]

Upon the completion of the merger it is anticipated that the company's securities will seek to re-comply with both ASX and NASDAQ listing rules resulting in the trading of shares on the NASDAQ stock exchange and the ASX.

[StockHobit]

PlayUp Limited will deliver the world's first fully-integrated, blockchain enabled global fantasy sports, online sports betting and gaming ecosystem.

[StockHobit]

The PlayChip Ecosystem consists of seven independent partner platforms with more than a million users across over 70 countries

[StockHobit]

PlayChip is also in the unique situation of being attached to an industry-leading reverse ICO and a subsequent reverse IPO, via its first ecosystem partner, PlayUp

[StockHobit]

PlayUp is seeking a dual listing on the NASDAQ and Australian Stock Exchange via reverse take over of New Mission Energy

[StockHobit]

Mission shall work with PLA and its advisers for the purpose of executing the transaction as soon as possible.

[StockHobit]

PlayUp Limited and Mission to Proceed with Merger & Listing

[StockHobit]

successfully raised more than US$8 million

[StockHobit]

So awesome!! Been waiting a long time :)

[KMR73]

Hmmm very interesting!PlayUp Limited and Mission to Proceed with Merger & Listing

 

7 December 2018 - Mission NewEnergy Limited ( ASX: MBT , OTC :  MNELF) announces today that PlayUp Limited (“PLA”) and Mission are proceeding with the transaction as announced on the 3 rd October2018.

 

With PLA having successfully raised more than US$8 million, the pathway to proceed with the deal is now secured.

 

Mission shall work with PLA and its advisers for the purpose of executing the transaction as soon as possible.

 

 

- Announcement Ends 

[Welcome2Pinkyland]

Nice-> PlayUp. As announced in April, 2018, 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 http://www.playchip.global.

[StockHobit]

PlayChip Confirmed Exchange Listings resulting in the trading of shares on the NASDAQ stock exchange and the ASX.

PRESS RELEASE PR Newswire
Nov. 20, 2018, 04:51 PM


https://markets.businessinsider.com/news/stocks/playchip-calls-off-public-sale-ahead-of-confirmed-exchange-listings-1027744407

[Welcome2Pinkyland]

That would be sweet $$$

[StockHobit]

Ya, I’m still holding. My last email says the concluded their token sale and it looks as though they have huge cash flow through. I think it could be a monster if they turn this public, maybe even bigger than Woodbrook

[Welcome2Pinkyland]

Not sure what’s going on here with $MNELF- other than what You posted earlier:

Extraordinary general meeting of Shareholders 5 December 2018
Capital Raising Process 15 December 2018
Completion of Transaction 15 January 2019

So, I have my shares and waiting for some action.

what are your thoughts?

[StockHobit]

Hi lyn, what are your thoughts here.

[Welcome2Pinkyland]

Agree $$$ $MNELF $$$

[Jerm17]

New filing out, good to see things with PlayUp are still in the works!

https://www.otcmarkets.com/filing/html?id=12992705&guid=1I8ZUaXVQJ-crth

[StockHobit]

Completion of ICO by PLA 30 August 2018
Prospectus lodged with ASIC / ASX 28 September 2018
Notice of meeting dispatched to shareholders 31 October 2018
Extraordinary general meeting of Shareholders 5 December 2018
Capital Raising Process 15 December 2018
Completion of Transaction 15 January 2019

[hst627]

Does anyone have any idea what’s going on with this company?

[Numena]

Yeah I'm lost as to What's going on with it too. It'll move up or down 6 cents pps on a 500 share trade. Then it'll be up at EOD and next day at opening its back to what it opened at the day before. What gives?