nFinanSe, Inc. (NFSE)

[jchords]

31M OS…interesting volume

[Golden Cross]

Nice move here $NFSE

[I_Am_Ram]

Hearing some great things here!

[makinezmoney]

$NFSE: Breaking the $0.01 level now.... Looking GOOooooood


One whole week of solid volume.


Someone looks like they want as many of these shares as they can.

Continuing to build here.


GO $NFSE

[nodummy]

No, AccountNow LLC did not acquire the NFSE shell. They acquired all the nFinanSe Inc assets and left NFSE as an empty shell.

If NFSE had been an SEC registrant it would have been deleted as part of the acquisition by the private company and the shareholders would have received a cash payment for the stock they owned.

This pr explains why no cash payment went to the common shareholders:

https://www.aol.com/2012/12/11/nfinanse-announces-closing-of-sale-to-accountnow/

Based on the total consideration expected, only holders of nFinanSe Inc. Series F Convertible Preferred Stock are likely to participate in any proceeds from the acquisition, and it is highly unlikely that any proceeds will be available to holders of any other series of nFinanSe's Convertible Preferred Stock or its Common Stock. After the Second Closing, nFinanSe Inc. will have no assets.

So the NFSE insiders got a cash payment and the common shareholders were left out to dry.

We also learn from that pr that nFinanSe Inc did own nFinanSe Payment Inc at one time but nFinanSe Payment Inc also went to AccountNow LLC as part of the second and final closing leaving the NFSE shell with no assets.

NFSE continued to exist for 3 more years as an empty shell after selling all its assets to AccountNow LLC then it was dissolved in 2015.

I guess since NFSE is a pink sheet stock and not an SEC registrant the whole thing just slipped through the cracks and now 4 years later the zombie stock is still trading.


For the record:

AccountNow LLC is actually a wholly owned subsidiary of Green Dot Corp (GDOT)

https://www.sec.gov/Archives/edgar/data/1386278/000138627819000012/exb211-subsidiariesofgreen.htm

https://www.otcmarkets.com/stock/GDOT/profile

So there would be no need for AccountNow to be looking to go public they are already owned by a public company.


Technically, nobody could merge into the NFSE shell now because the company doesn't exist any more. The moment the entity was dissolved it stopped existing.

The certificate of dissolution was filed by the NFSE control people so obviously they made the decision to end the existence of the NFSE business entity.

Since the entity was dissolved there is no longer any entity to reinstate or to merge into. No officers. No authorized stock.

Even the OTC markets page lists no data for NFSE any more

https://www.otcmarkets.com/stock/NFSE/profile


But as I said before, since NFSE does still trade, do with it what you will. There are tons of zombie stocks out there that get manipulated as what I like to call "junk pumps". Until something is done to get rid of all these dead shells that's just the way the market will be.

[HulkInvestment]

Wouldn't AcountNow own the shell since they purchased nFinanSe Inc. So they could essientaly merge in?

[nodummy]

I'm not disputing that nFinanSe Payment Inc has connections to former officers of NFSE or that it is linked to AccountNow LLC.

The fact it though that AccountNow LLC (a private company) acquired nFinanse Inc then nFinanse Inc was dissolved.

What was left after the acquisition was just an empty shell. NFSE became a zombie stock.

Somehow the ticker has managed to avoid being deleted to date. Since the ticker can still be publicly traded do with it what you will.

I was just trying to help clarify the facts. NFSE was not reinstated. It's a dissolved entity. Technically, nFinanSe Inc doesn't exist any more.

[HulkInvestment]

Jerry Welch was president of both nFinanSe inc and nFinanSe Payment Inc.
NVSOS labels him as President of nFinanSe inc and note in the link that he is labeled as nFinanSe Payment Inc CEO.
https://www.corporationwiki.com/Florida/Tampa/nfinanse-payments-inc/26199401.aspx

[nodummy]

That explains why nFinanSe Inc was dissolved

https://www.accountnow.com/news/press-release-accountnow-acquires-nFinanSe-payment-card-operations.aspx

nFinanSe Inc no longer exists as a company.

According to the AccountNow LLC website they are a private company

https://www.accountnow.com/company/

So NFSE is just an empty shell. Just a zombie stock.

Amazing the ticker wasn't deleted and still trades today.

Maybe some day it will get deleted. Until then NFSE obviously can be used for pump & dump activity by people looking to manipulate the price of lowish float stocks.

good luck here

[HulkInvestment]

nFinanSe Inc was bought buy AccountNow LLC... nFinanSe Payment Inc is a subsidiary of AccountNow LLC.

[nodummy]

NFINANSE PAYMENTS INC was reinstated on 10/03/2019

But that isn't NFSE

NFSE is nFinanSe Inc which is a dissolved entity at the NV SOS.



NFSE's last filing at the NV SOS was a certificate of dissolution on 12/31/15



The two companies are not related. They have different officers.

[HulkInvestment]

$0.007 won't last long...imo... Could see silver with it being a low float, and possible answer for reinstatement.

[HulkInvestment]

11/7/19 Volume 1,479,000 +233% <-- Largest Volume ever!

[HulkInvestment]

Why reinstate company after 4 years.. and do nothing with it!

[HulkInvestment]

REVERSE MERGER coming... imo

[HulkInvestment]

President is Jess Unruh... Chief Accounting Officer for Green Dot Corp

[HulkInvestment]

Outstanding Shares... 31,877,770 <-- LOW FLOAT BABY

[HulkInvestment]

Reinstated 10/3/19... https://esos.nv.gov/EntitySearch/BusinessInformation

[HulkInvestment]

Will post DD shortly. Low Float!!

[HulkInvestment]

Possible Merger... volume increase today

[HulkInvestment]

Reinstated on 10/03/19

[makinezmoney]

$NFSE: Another day up.... $0.0058

Steady volume continuing in.



GO $NFSE

[makinezmoney]

$NFSE: Major volume rolling in now........... hitting $0.005


Something in the works.


Very thin to the upside.


Interesting action here.




GO $NFSE

[Mark]

NFSE .0037 tap, the website listed on OTC markets takes you here...which I thought was interesting. OTC markets shows only 31M O/S...

https://www.readydebitgold.com/

Company is ACTIVE on NV SOS, with only 250M A/S could be a nice runner here...

http://nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=IZUcgPKMe%252fWBXjV3AwWPrg%253d%253d&nt7=0

[WatchTV]

I'm in and holding a big block @ .oo1

[TheTradingNinja]

Gapped from .0008 to .0050 545% Gain based on DD this will be back in the pennies by weeks end!!!

[TheTradingNinja]

Acquired two other companies :)

[TheTradingNinja]

Done some DD on this company looks beautiful!

$NFSE

[TheTradingNinja]

Look at that spread .0015 x.0038 $NSFE $GLCO $SREH

[TheTradingNinja]

Bringing some happiness here!!
$NFSE

[WallStreetMyWay]

Nice...!

[MrPoppaGeorgeo]

This is worthless..Just sayin read the whole PR

Based on the total consideration expected, only holders of nFinanSe Inc. Series F Convertible Preferred Stock are likely to participate in any proceeds from the acquisition, and it is highly unlikely that any proceeds will be available to holders of any other series of nFinanSe’s Convertible Preferred Stock or its Common Stock. After the Second Closing, nFinanSe Inc. will have no assets.

[$$$TOCK 007]

!! $$

[MrPoppaGeorgeo]

Yes it was read..Cheezy

[0331]

Like it but no one wants to talk about this:

As currently contemplated, only holders of nFinanSe Inc. Series F Convertible Preferred Stock will participate in any proceeds from the acquisition, and no proceeds are expected to be available to holders of any other series of nFinanSe’s Convertible Preferred Stock or its Common Stock.

[MrPoppaGeorgeo]

No it was the news fairy.. :p lol

http://www.prnewswire.com/news-releases/accountnow-acquires-nfinanse-payment-card-operations-182180851.html

[etcetera]

Hmm, by any chance you have a link? Or do u have an angel to verify this?

[MrPoppaGeorgeo]

Today :)

[etcetera]

From 11/05?

[MrPoppaGeorgeo]

NFSE news

[urmom]

http://www.nfinansemusic.com/

[urmom]

[urmom]

http://store.payloadz.com/details/1355033-software-developer-iphone-5-ios-6-0-1-6-1-untethered.html

[thistleinvestments]

Hang on to your shares, the games have yet to start!

[thistleinvestments]

Hello! Anyone still here?

[thistleinvestments]

Any buying pressure sends NFSE to orbit!

[thistleinvestments]

GM NFSE! Let's see some buying today!

[thistleinvestments]

Great post and DD Armageddon!

[Warchest]

NFSE will be super thin in the am

[Warchest]

Company Description

www.nFinanSe.com

nFinanSe Inc. provides stored value cards for various markets, including grocery stores, convenience stores, and general merchandise stores. The company sells Visa and Discover branded, bank-issued general purpose reloadable, and gift cards (taken together as Cards). These Cards are sold directly to consumers through its distribution partners’ network of retail locations. The company has approximately 19,000 retail agent locations where its Cards are sold. Its general purpose reloadable is a branded prepaid stored value cards that is reloadable at nFinanSe Network locations and/or through ACH direct deposits. The company developed its nFinanSe Network, which connects it to its retail agents and other contracted load locations. As of January 1, 2011, the company had approximately 84,000 nFinanSe Network locations consisting primarily of Western Union and MoneyGram locations and approximately 19,000 retail agent locations where its Cards are sold. The nFinanSe Network enables it to issue and service its own general purpose reloadable cards and directly controlling various aspects of the cardholder experience, such as customer service and Web portal access. Business Relationships Card Associations: The company’s agreement with Visa and DFS Services LLC permits it to offer bank-issued stored value cards with card network holograms to prospective cardholders through various approved retail channels. Issuing Banks: The company uses banks to issue Discover, MasterCard, and Visa branded stored value cards. Competition The company’s primary competitors in the prepaid card issuance and program management market are traditional credit, debit and prepaid card account issuers and prepaid card program managers, such as Green Dot, FirstData, Netspend, AccountNow, PreCash, Rush Card, Western Union, and MoneyGram. History The company was founded in 2000. It was formerly known as Morgan Beaumont, Inc. and changed its name to nFinanSe Inc. in 2006.