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Didn't do a thing and got my distribution paid into my brokerage account today. What a deal, bought at .1188 and .06 and got cashed out at $1.4814 for a 1 year hold
Hi, I did not get the bearer shares in my account. I have 3,800 shares of MOLGY in account. How can I get the buyout price of $1.4814 per share? Thanks
Buyout price is $1.4814 per share. Company will be in touch about next steps but it sounds like you exchange private bearer shares for cash.
I got in touch with the company and they said the buyout price is $1.4814 USD per share. The Share certificate you have will be exchanged for cash. The company will be in touch about the process of exchanging privately held shares for cash
i have received bearer shares too....my broker at ubs says he needs more information on these to deposit them....has anyone had luck depositing them in your account? if so, please let me know what information you gave your broker in order to get them deposited. I would imagine they need a security ID or something along those lines
Hi all - I have received bearer shares in return for what is left from this investment. These are still worth money: Razer has already invested $25 million at $100 million valuation.
Looking to speak to other investors who have shares in the business to see how we can work together to recoup our investment.
To go with that deal they proposed just wasn't right, and they knew it... the other option was this one which is still isn't right. They needed to buy back our shares. They are in business and they should be required to accept our shares as a rightful owners in that business. I just do not understand how they can get away with such thievery? I now do firmly believe in going outside the boundaries of the law which seem to protect the guilty... an eye for the eye is a start. Yes it's will be ugly but someone has got do it and hopefully it will send a message to these scumbags who are thinking of pulling such gimmicks to think again. While many in this world are thriving today with huge windfalls making mint in business and stock markets, governments, etc. There are still those of us who are not in that position and are being taken advantage of. I am of the mindset that somebody must strike back with a great vengeance against these Scumbags. I wouldn't mind being one of them if I were young enough to fight such battles, I might even enjoy knocking the shit out of them through any means possible... including silent selective hits. These scammer scum are pure evil and the gas chamber, the worst forms of tortures imaginable, and beheading would be for those who refuse to make amends... and they'll probably also end up eternal hell where they will fit in perfectly.
yes, the link for investor relation on their web-site does not work.
They don't not have an IR anymore accordingly to the phone answering their phone.
it's hopeless.. blame myself not reaching out my broke soon enough to take action.
No, I haven't spoken with my broker. Have you tried contacting the company itself?
did you contact your broker? It's always good to get a 2nd opinion.
I missed the deadline to convert on August 31. perhaps, they may issue an extension.
thanks
It's totally disrespectful and wrong to disregard the remaining MOL shareholders (some of us whom put our sweat & blood money investing in MOL Global shares [MOLG/Y]. I can now only hope that MOL management and the others who read this message realize that remaining shareholders shouldn't be violated by use of such shenanigans (ending up with a total loss/nothing). MOL Global, I speak for such shareholders who have been outcasted by these events and humbly ask that you Do Right and Play Fair. Pay us shareholders who had not heard about this MOL Private Co.)... We are still here awaiting a proportionate share, either cash, or new stock, or some of both.
Thanks for listening, and Management please do right for ALL shareholders by allocating and distributing our slice of the MOL Global pie.
I contacted my broker on September 15 and was told that I missed MOLG's deadline (8/31/2017) to covert my shares to private shares of MOLG.
I was told that since I missed the 8/31 deadline. I'm down to one option which is at some point that MOLG will sell my shares to the open market. My broker was not able to the day that my shares will be sold or the meaning of selling my shares to the open market.
I hope that I'm going to get screw twice. I posted earlier they sold 20% of the MOLG to Razord in June 2017 for 20MM. This means that they valued MOLG at 100MM.
100MM divided by 65MM outstanding shares equals to $1.54 per share. I thought they would buy back at anywhere close to the true value of MOLG.
If you haven't contacted your broker before 8/31, then you are stuck with one option as well. You and I will be at the mercy of MOLG mgmt.
I too would like to know what my investment (in MOL Global) is now worth. I have put in several thousand of dollars to work, and I thought it was going to be turn around into a big success story.. instead it acted like a dud, and turned into a disaster. However I knew that even then if were to survive it would at least be worth what I had paid which averaged approx. $2.75/share. I sure would like to see that money back and not at a loss. This company seems to be on the right track from the limited information I've attained. If someone here knows current info. about the company itself and the once tradable shares that have been delisted from the IPO, Kindly advise.
Razer makes virtual currency push with $20M investment in Asian payment firm
https://techcrunch.com/2017/06/23/razer-makes-virtual-currency-push
What happen to our investment or IPO money?
not sure if our shares have any value. based on this deal, the street value MOLG at $100MM
MOL's mgmt team don't even want pay the fee for OTC listing?
they recently got a few PRs that could have help the share value..
deal with Alibaba would have helped the share price.
I emailed the company a half dozen times already and did not get a response..
this is not looking good at all. The sad part, MOLG is profitable business.
I think MOL mgmt team is up to no good..
65MM shares outstanding and with 20MM cash in the bank when they DE-registered shares from Nasdaq.
why not sell the company at that time? Of course Tan probably turn down low ball offer. NTT (Japensese company) bought a control interest in their ravel (iPay 88) in 2016.
hell, even on a fire sale, MOLG should be able to sell for $65MM... that's $1 per share..
greed basters probably thinking of other ways to keep all the $$$ to themselves and leave nothing for us.
MOL Global is still in business. Their IR is not getting back me.
Sad, they don't want to pay the monthly fee to keep their ADS on OTC.
I expect them to sell the company at some point. Who knows what Tan going to do. he may screw all of us and leave us with nothing.
This is probably my worse investment.
Anyone has any update? What's action required for investors?
MOLGY: ADR program terminated. FINRA deleted symbol:
http://otce.finra.org/DLDeletions
That's news to me, could you detail what they said, or else copy and paste it up in this thread, Thanks
Got a corporate action letter from broker. Check with ur broker. MOLGY is no longer going to be done. will get shares of a untraded parent co in Malaysia I believe. not sure if they will cash that out one day.
Yes, they did file... that's a good sign, very good. They kept their word as they said they would with the filing. My hope is that they're working this business, building it up, so that one day soon it becomes profitable. Then something good will finally come of my investment. Maybe one day it could actually be worth something. My cost is $2.80 avg. Looking forward to hearing some more good things about this company.
Hey they are still around. Never really DD'ed their website but they are alive and kicking. Might be going QB or QX too. If so would get more liquid and I bet it would go up a lot higher later this year
MOLPay Partners With 7-Eleven To Bring Offline Payments To Online Purchases
Lowyat.net, MOLPay Sdn Bhd, News Clippings (2017)
http://molglobal.mol.com/media-centre/news/
KUALA LUMPUR, Malaysia, May 26, 2016 (GLOBE NEWSWIRE) — MOL Global, Inc. (OTC Pink:MOLGY) (“MOL” or the “Company”), a leading e-payment enabler for online goods and services in emerging and developed markets, announces that going forward it will release financial results semi-annually, rather than quarterly as it has in the past. Under the new practice, the Company expects to report its semi-annual unaudited financial results for the first half of 2016 in August 2016, and to report semi–annual financial results approximately every six months thereafter. The Company remains committed to continued compliance with all applicable United States Securities and Exchange Commission (the “SEC”) filing requirements, including the filing with the SEC a Form 6-K that includes an interim balance sheet as of the end of the Company’s second fiscal quarter and a semi-annual income statement for the first two quarters and the filing of the Company’s annual report on Form 20-F with the SEC. The Company also announced that it has achieved consolidated revenue of MYR64.3million (US$16.5 million) for the first quarter of 2016.
http://molglobal.mol.com/mol-global-inc-announces-its-new-practice-of-releasing-financial-results-semi-annually/
MOL Global, Inc. ADSs Now Quoted on the OTC Market
KUALA LUMPUR, Malaysia, April 22, 2016 (GLOBE NEWSWIRE) — MOL Global, Inc. (“MOL” or the “Company”), a leading e-payment enabler for online goods and services in emerging and developed markets, announced that its American Depository Shares (ADSs) are now quoted on the OTC Market.
MOL’s ADSs are now quoted under the ticker “MOLGY” on the OTC Pink marketplace. The Company is considering having its ADSs quoted on a higher tier marketplace, such as the OTCQX or OTCQB, subject to approval from the relevant authorities. Upon gaining approval, investors will be able to access current financial disclosures and Real-Time Level 2 quotes for the Company on www.otcmarkets.com.
http://molglobal.mol.com/mol-global-inc-adss-now-quoted-on-the-otc-market/
MOL Global, Inc. Announces Management Changes and the Intention to File Form 15F to Deregister In The United States under The Securities Exchange Act Of 1934
http://molglobal.mol.com/mol-global-inc-announces-management-changes-and-the-intention-to-file-form-15f-to-deregister-in-the-united-states-under-the-securities-exchange-act-of-1934/
You got ur wish. Fins posted a few days ago. Looks like they are coming back to life...
http://www.otcmarkets.com/stock/MOLGY/filings
I was thinking about it but its a shot in the dark bc they dereg and could just go dark forever and hit greys one day.
Let this company come back to life on the OTC. This was a NASDAQ IPO of fintech payments. They have over 900,000 physical locations, that was then, maybe more or less today? If they are constructively working this business then this is a hidden gem because people beat it into the ground. Hopefully it is alive and doing well... we shall see.
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