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News of Investment in MOL Global by Razer....
Singaporean-founded and San Franciso-based gaming hardware company Razer has acquired a minority stake in Malaysia’s e-payments platform MOL Global and appointed the latter as a master distributor of its virtual currency, zGold, in the Asia-Pacific. As part of this strategic tie-up, Razer has, through its wholly-owned subsidiary, ZV-Midas Pte. Ltd., purchased a minority 19.9 per cent interest in MOL Global, Inc. (MOLG) from its shareholders, Hotel Resort Enterprise Sdn Bhd (HRSB) and MOL Investment Pte. Ltd. (MOLI). Under the terms of the purchase, HRSB disposed of 10,565,865 shares representing 15.65 per cent equity interest in the issued and paid-up share capital of MOLG and MOLI disposed of 2,867,517 shares representing 4.25 per cent equity interest in the issued and paid-up share capital of MOL at an implied valuation of $100 million for MOLG. This strategic investment is expected to help propel the partnership to greater heights by enabling both parties to work towards the goal of establishing zGold globally as the de facto virtual currency for
Read more at: https://www.dealstreetasia.com/stories/singapore-razer-acquires-minority-stake-mol-global-75567/
The Current Updated Valuation of company is now @ $100,000,000 USD which divided by the 67,000,000 shares outstanding is about $1.49 per share.
So what has happened to the semi-annual reporting by company of it's accomplishments and financial results?
Does anyone here seeing this know any more? Please state what you factually know along with your thoughts and Comments.
Just looked up MOLG trades , found out I lost 148 Bucks, think I will skip out on the paperwork, Water over the dam
Yeah!I got them too.Been out of MOLG for a long time.After the attorneys get there share I may end up with a few pennies
Received Class Act papers for settlement buyers between Oct 9, 2014 and Nov 21, 2014. I see you got caught up in the Halt.
Hope you get the papers to file, I certainly am.
GLTY
I think most of them bounce pretty good from what I've seen.......et z
Best to avoid NASQ/delistings as a short term bounce play.
However NASQ/delistings under a dollar that drop over 70% at some point between 1 to 3 days will get a decent short term bounce just like this one did.
Deregistered only means they will stop filing on Edgar.......et z
Wrong. Only the SEC or FINRA can put a stock on the Greys.......and they have to have a good reason to do so. $MOLG will probably be Current status on OTCM.....if they pay them the blood money and keep filing there.
You have to remember that a company has to spend 100's of thousands for the annual 10K audited financials......which is what keeps them current with the SEC/Edgar.......quite a few of them elect to not spend that money on auditors and instead spend it on their business.......
z
Form 15 and it can only be effective if there are less than 300 shareholders....... How many new shareholders do you think came in today? The lower it goes the higher the number will go.
Most stocks that delist from Nasdaq mention they are going to file Form 25 which means going to Pink sheets. MOLG mentions filing Form 5
which is deregistering which mean "going dark" or to the grey sheets.
Not really - they pretty much go hand in hand when kicked down to pinks
Seriously shouldn't be dropping anymore.......................................Why?
Aug 21st is the earnings report. Every time I have contacted their IR, they have responded with in 24 hours and have been very polite and helpful.
Which is a good sign.
I see that trading is halted, are they actually buying back shares now, in mass quantity before their next earnings report.
When is the 2Q15 earnings call?
I know it, this has been one big cluster F#K from the very beginning, certainly wasn't a good Idea to bring it public. dang, look at all the lawsuits that hit this company.
But why the drop, short selling? I don't see anything on news and they are suppose to be buying back. The rest of the market is bouncing back a bit....
and molg shares, worth 1.33...
Last millisecond of large block trading today revealed first buy-back after Q1 earnings to prevent daily big percentage drops (and ultimately to lift PPS over 2)
SEA macro news looks good
Consumer Confidence in Southeast Asia hits record high in Q1
http://www.marketing-interactive.com/consumer-confidence-sea-hits-record-high/
Listing costs, employee share based compensation, and share based compensation for acquisitions will go down. EPS will be better.
But MMOG has been a disaster as transition to phones speeds up.
If they make progress on MOLpay, MOLwallet, and use of MMOG for phones, they have a shot.
But I can see a scenario where the shift happens so fast that MOL becomes a dinosaur very quickly. They need to show they can make this transition to credit and debit world.
Not that bad
Is it just me or was year end 2014 not that bad considering they spent a shit ton on legal fees and etc to get listed?
I mean I thought it was going to be way worse. The stock hasn't moved much today....... Anyone aware of any current actual ratings for the stock out there?
From 20-F:
More problems found at Nganluong, Vietnamese sub. No restatement. Accounting upgrade across the company in the works.
Share-based compensation will go down: "On March 18, 2015, a board resolution has been passed by the Company to suspend the “General Employees Share Option Plan” (Plus, decline in acquisitions)
Molpay volume up 100%. Molwallet coming online.
correct!...SP does not reflect revenue and balance sheet at all, esp. since it was kept at the current level through buyback and Tan's purchases.
As soon as institutional and overseas investors find the confidence back (starting with this Q4 report) the SP will steadily climb. I see the overall potential and situation comfortable enough to add until June/Q1'15 ER and hold past that before any flipping might be useful or portions might be cashed out for gains. I see the stock in the 2nd half of 2015 rise to the original IPO levels.
Q4 revenue growth 28%
Cash improved due to IPO and now $43 M
One time expenses due to IPO and acquisition costs caused swing to loss
Gross margins slipped a bit but still 50%
otherwise a good report
$MOLG news: MOL Global Announces Partnership With COSWAY
800 retail locations
http://finance.yahoo.com/news/mol-global-announces-partnership-cosway-130000479.html
Not sure.
I got out of hear a little while ago and have been watching it drop by the day
I have no idea why....maybe folks scared of the lawsuit
That 15 million dollar share buyback if it's finished would have gotten the company more then 5 million shares at these levels. That would make this one of the smallest floats around as the IPO was only for 13 million shares
Great looking chart here.
January effect may take this back to its true value in the $8-$10 area
MOLG 2.9 flat base on top of 10d. Watching for movement above 3.4 w vol
Urgh so mad I didn't wait lol oh well lesson learned time to buy back in.
$MOLG
I try very hard not to make buys pm-10/1030 and sometimes I've kicked my self for making them. Close will be interesting today. We'll see if there's a weekend sell off or buy
Yeah looking like it. Need to learn to wait an hour after open. I have yet to follow my own damn rules lol
$MOLG
I think we'll see steady up movement now. Good luck. You have a new Twitter follow. Hoping to lock in some big gains from here to invest in some others in 2015
Yeah pissed I panic sold though, it seems to be moving up without dramatic trades now.
$MOLG
Yeah it's def a big difference from pinky land
Freaking panic sold them, cause of how I know this stock trades. Oh well. We'll see. Maybe I can make my money back later.
$MOLG
Pissed I bought those damn $3.00s to try and break it out, I forgot I'm in big money land where the big players with deep pockets are.
$MOLG
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"MOL has encountered some difficulties over the last several days relating to an accounting error at its Vietnam subsidiary, a delayed earnings release and trading halt, and the departure of its CFO, Allan Wong. The timing of Allan's departure for personal reasons which unfortunately coincided with the delay in the earnings release have resulted in some unhealthy speculation on the company's financial numbers, and the stock price has been, in my view, unfairly punished.
"I have the utmost confidence in the management and MOL and none of these unfortunate events alters my very positive view of the underlying business of MOL. I have communicated my support to the management team at MOL, and while I know they are currently working very hard on addressing the issues that have arisen, I have encouraged them to continue to remain focused on executing their business plans.
"I also am very supportive of the board's decision to implement a share buyback plan, as I believe that at the last closing price the stock is significantly undervalued.
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