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Big thing now is getting the S-1 pass the SEC.
$VMNT Vietnam???s $52 Billion digital Economy https://t.co/AEhkyCVEBr
— legaltips (@WallSt_MainSt) January 25, 2022
From my understanding military/coup took place in that part of the country.
check goggle fact/check
There has been 2 government changes there and very unstable. The government is restricting them from bringing a foreign company into Marena. I spoke to Sibi Mohammed concerning this and this is what he told me
What ever happened to the previous LOI... you know, this one:
Vemanti Group Signs LOI With Marena Gold
IRVINE, Calif., Dec. 01, 2020 (GLOBE NEWSWIRE) -- Vemanti Group, Inc. (“Vemanti” or the “Company”) (OTC PINK:VMNT), a multi-asset technology-driven company, today announced that it has entered into a Letter of Intent (“LOI”) with Marena Gold Refinery (“Marena Gold”) pursuant to which the parties will complete an equity exchange transaction that will result in Marena Gold becoming a subsidiary of the Company.
Located in the capital city of Bamako, Marena Gold is the 2nd biggest precious metal refinery in the Republic of Mali, one of Africa's top 5 gold producing countries. The refinery is fully operational and covers all the phases necessary for the processing of raw gold with a maximum capacity of 90-kg-per-day at >99.9% purity. With modern machineries and well-trained personnel, it aims to contribute to the supply in the precious metals sector and to the improvement of the general welfare of the entire Western Africa Region, supporting the artisanal and small-scale mining. In addition, with mining concessions in the Kenieba Cercle region of Mali, Marena Gold intends to promote the highest global standards in product and service development, while simultaneously encouraging transparency to benefit market participants. It holds a mining permit over a gold-bearing area where miners are currently extracting gold. It is expected that Marena Gold’s future infrastructure developments will strengthen its position as the leading regional producer for precious metals.
The final details of the transaction will be determined by the parties following due diligence of appropriate legal and financial corporate documents. This is an arm’s length transaction, and the parties intend to sign a definitive share exchange agreement (the “Agreement”) with an expected closing by the end of January 2021. Under the terms of the LOI, up to 20% of the issued and outstanding common stock of Marena Gold will be exchanged for common shares of the Company. The Company anticipates issuing a new class of stock to support the closing of the transaction. Post-closing, the Company will use its best efforts to arrange for additional working capital for the businesses and obligations of Marena Gold in the pursue of LBMA (London Bullion Metal Association) certification.
Effective on the closing of the transaction, an appointed member of the Company will join the Board of Directors of Marena Gold. Completion of the transaction is subject to a number of conditions, including but not limited to the following key conditions:
execution of the Agreement;
completion of mutually satisfactory due diligence; and receipt of all required regulatory, corporate and third-party approvals, including the approval of the stockholders of Marena Gold and the fulfillment of all applicable regulatory requirements and conditions necessary to complete the transaction.
For more news and updates, current shareholders and prospective investors of the Company can follow @Vemanti on Twitter (https://twitter.com/Vemanti).
_______________________________
Can you fill us in?
Vemanti Group Signs LOI with PVcomBank to Become First SME-Focused Neobank in Vietnam
https://www.globenewswire.com/news-release/2022/01/18/2368495/0/en/Vemanti-Group-Signs-LOI-with-PVcomBank-to-Become-First-SME-Focused-Neobank-in-Vietnam.html
https://usdv.vemanti.com/
https://vemanti.com/press-releases/
$$$ STAY TUNED $$$
Are you checking $VMNT??? It will keep on rising sharp. Check it. Join the telegram group!!!
Who is "they"??? ...and why no mention of THIS on this thread???
NOTE NOT ALL SALES FIT IN THIS IMAGE. THERE ARE MORE SALES THAN COULD FIT IN MY SCREEN GRAB... AND THESE WERE FROM YESTERDAY! THERE ARE 4 OTHER FORM 4's BESIDES THIS FILED THIS MONTH.
CEO IS HAPPY TO SELL AT .72 CENTS !!!!
HAVE YOU NOTICED ALL THE HYPESTERS ARE NOWHERE TO BE FOUND?
That's really the least relevant part of the dialogue here.
legaltips stated the following:
CEO owns these… he been having that much shares
Now it is :)
https://www.usdv.tech/
It's only gonna get better.
Stay Tuned
Did anybody hear about a filing. Someone saying they registered that they own 67 million shares. On twitter.
Looking for $5 - $8 bucks EZ Lots
of GREAT THINGS are coming
our way
STAY TUNED
$$$ VMNT $$$
Ok, so now that you brought up the SEC filing -- its obvious that you have NOT read it because the filing clearly states the following:
Common Stock
The Company’s outstanding shares of common stock have a par value of $0.0001 per share. The Company’s Articles of Incorporation (the “Articles of Incorporation”) authorizes 500,000,000 shares of common stock. There are 69,564,086 total shares outstanding of which 21,520,000 shares in the public float as of May 19, 2021
Link to SEC filing
Now do yourself a favor --- READ THAT SEC FILING AND WE CAN DISCUSS FURTHER
Say what? VMNT is not an SEC filer perse at this time, the company files its reports to the OTCmarkets. It They may be heading in that direction, but to date, all financial filings have been with OTC Markets
The only filings you will see at the SEC are these (back to that in another post)
VMNT is in good standing with OTCmarkets bearing the OTCQB status. They have a VERIFIED PROFILE AND VERIFIED TRANSFER AGENT
(what do you think "verified" means?)
Here is their profile from the OTC Markets website
Note that the figures in the profile are as of the date that is posted. This is important because companies can and often do have changes in their share structure -- between one filing and another.
Talk of NASDAQ begin heard this guys are
really making the right moves.
VMNT
USDV
Read the SEC filing
Tutes invested $30 million last fall. NY investment banker invested $10 million late last year. Private investor dropped $10 million about a month ago. These people see where this stock is going. Stablecoin USDV that is FDIC insured SEC compliant PCOAB audited launching in 2 weeks.There are many catalysts that Tan is holding to PR until stablecoin gets rolled out. Low float non diluting no toxic debt and CEO hasn’t sold shares.
Volume is drying up on this accumulation. Ready for takeoff!
Huge opportunity here! We're consolidating very well around the long term MA. Won't be much longer before we slingshot upward
https://www.cnbc.com/2021/06/22/now-is-the-golden-age-for-southeast-asia-start-ups-says-goto-founder-.html
At $VMNT, we've been saying the same about SE Asia for last 4-5 years. The region is definitely an important global economic driver and holds strategic values for us.
$$$ VMNT $$$
Once $VMNT #USDV #StableCoin launches within this June, flows will increase sharply as it will have real life #DeFi application for a yield!!! All 100% compliant, 100% audited, SEC reporting!!
The huge fintech opportunity in Vietnam. The country attracted 36% of #fintech funding flows to SE Asia in 2019, and there have been large funding rounds for MoMo (US$100mn) and @Fvndit (US$30mn).
Free to read on #Tellimer: https://tlmr.me/3pAlIMs
https://www.gamblingnews.com/news/mark-cuban-urges-regulation-on-stablecoin-after-titan-crash/
Mark Cuban Calls for Stablecoin Regulation
After Trading Token That Crashed to Zero.
Even in crypto where huge drawdowns are the norm, 100% washouts in a single day are extremely rare.
Think of all the thousands voices we don't hear from.
The Answer: 1st to be regulated $USDv
NEW - $VMNT Vemanti Group Announces Effectiveness of Form 10 Registration Statement
THIS IS JUST THE START OF SOMETHING GREATER COMING
http://otcmarkets.com/stock/VMNT/news/Vemanti-Group-Announces-Effectiveness-of-Form-10-Registration-Statement?id=307254
Launching this month
One of the key differences between $VMNT #StableCoin versus other #stablecoins is that it will be PCAOB-level audited and with full disclosure along with periodic regulatory filings. This may seem trivial, but it's a big deal. See about #USDT and others.https://t.co/Zm7sboosi5
— Tan Tran (@tanctran) June 10, 2021
Thanks for letting me know.
Is that usually the case for OTC to be trading that far above bv? I'm just now trying to learn fundamentals for the pennies but seems like news and hype is what determines the winners (in the short run)
The news is in their 10Q filed last week
Sales down
Losses up
I suppose the good news is their book value just popped up over a penny a share to ~.011 ---> so trading at ~ 92X bv (snark)
looks like NEO forgot to mention a slight difference between the two ---
Say WHAT???? The float is 26,732,000 not 21,000
Very nice! Thanks for sharing, I didn't hear about this pr coming out soon
https://twitter.com/NEOstockhacker/status/1402258161550217220
I've been adding and holding.
VMNT
Stay Tuned
I think the surprise is coming. The Float
is very small 21k+ This new stable coin backed
by USD will help move VMNT faster.
For such a strong OTC pick, I'm surprised by the low volume and little attention even on the board here. Clearly there's accumulation going on, but I'm putting this on the back burner til our peers decide to come along for the breakout. Holding!
Still here too, man. Some buyers coming in to keep $VMNT right at it's 30 week ma. There's hope for another move upward
Next Q due in a week or so.
Crypto is still trending upward. Markets have had a straight shot up, it'd be strange it we didn't have this correction. Two steps forward, one step back.
As far as $VMNT specifically, I can't comment. I haven't done my DD. Just going off charts at the moment (which isn't looking hot with the selloff today). Maybe Friday will bring us some hope
Crypto sinking and another filing due soon. Do you really think the next filing is going to be better than the last?
$VMNT at its 30 week ma. Great buying opportunity. This is do or die if we can just hold at support here and bounce up
Are you in the Telegram room Vermanti has set up? Warren Burke explaining the stablecoin project https://t.me/USDV_VMNT
"As PRs start to roll in, investors will begin to realize the magnitude of what is being built by @WarrenMathew @tanctran @Vemanti $vmnt. An anti inflationary stable coin, redeemable in USD, being used to fuel growth in emerging markets of Southeast Asia. Stock price - moon bound"...
Got that off Twit and just got IN. Let's make a BUNCH-O-MONEY!!! lol
Warren Burke will be conducting a livestream Thursday evening to bring us up to date on the stablecoin project Vemanti is working on.
https://t.me/USDV_VMNT
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About Us
Vemanti Group is a holding company that seeks to grow and create value through acquisitions, integration, investment, and development of emerging technology companies. We team up with game-changing entrepreneurs to build market-transforming businesses. As managers and investors, we strive to be the best partners for entrepreneurs building solid companies with significant growth potential. We aim to create partnerships with management at the earliest stages of creation and support them as their companies grow and evolve. We focus in mainly high-growth markets, seeking to create value and growth for our businesses and shareholders throughout economic cycles. We plan and operate our businesses in an integrated "ecosystem” manner which we believe distinguishes us from other companies.
Our Strategy
Vemanti invests in small, privately held early-stage companies, utilizing their unique high-tech talent, to serve the emerging, fast-growing markets of Vietnam and SE Asia. We mainly target FinTech and E-Commerce firms with the potential for explosive growth.
Our management team, including Board of Directors and Board of Advisors, has decades of experience creating and managing businesses in the high-tech industry along with deep experience in International deals. We understand cross-border transactions, what drives deal flow, and how to successfully integrate and accelerate the growth of portfolio companies.
The team was assembled for the express purpose of sourcing attractive investment and M&A opportunities, developing and scaling them, and building valuation for Vemanti shareholders.
Our Advantage
When it's time to execute, everything comes down to ground-level experience. Most fintech innovations are coming from the emerging economies of SE Asia where most people are underbanked, or in some cases, unbanked. Instead of just focusing on startups that are replicating solutions that have already been proven successful in developed economics, we specifically target ones with products and technologies that are truly disruptive and foundational to local/regional consumers and businesses. Examples are financial technology startups in the Southeast Asian countries of Vietnam, the Philippines, Cambodia, Laos, and Myanmar – countries where the financial infrastructure is still relatively underdeveloped despite their hot economic growths. Having to deal with unique cultures and styles of doing business, very few US investment companies have the actual understanding and experience of building up a startup business in Asia. Our team is comprised of seasoned executives who have deep business ties and connections from years of doing business in the region.
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