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Assets are about reports, not yet filed. Some are on-book. Some are off-book. Some are footnotes(?). In California, in fact, even Wild Turkeys have reportedly discovered assets. A part of the news reporting may or may not have questioned their lawful requirement to claim they owned them. The properties are there. So are the Wild Turkeys. Anyone can see that for themselves! Free-range rights were not mentioned in any reports. In U. S. Law, there are a lot of rights(?).
UBA Bank has all advantages from the tech. One problem with getting Financials done, for example, became "Scope Creep." The bank created more and more capabilities--clearly known to it and Centric Gateway. By March, MECINCORP was able to announce a marketing push in coming months. In July, Revs and sources of revs were noted on MECINCORP Facebook. There seems to be a working relationship, between the Company and Bank: Getting everything started, seamlessly. One or more commercial users came on board in recent weeks, possibly(?). Transactions increased 2000% in six weeks. Whatever that was is not now public information. It would be an additional competitive advantage(s). The advantage(s) can be available, Pan-African.
Africa is a different banking environment, where mostly UBA has all the advantages. Mostly, the bank explains all the advantages, which include yet additional announced through MECINCORP in March. Basically, Africa is different from the banking-as--usual in the United States.
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In October, the United Bank for Africa Group, PLC (“UBA”), announced at a press conference in Lagos, Nigeria, that they were launching, in partnership with California based software developer MEC, Inc. (OTC: MYEC formerly MyECheck, Inc.), a new game changing omni-channel payments and banking platform called EmailMoni.
EmailMoni is designed to facilitate societal transformation to a more electronic payment system. Most of Africa’s population still does not have access to modern bank services and uses cash exclusively for payments which is insecure and a significant impediment to economic development. EmailMoni increases access and inclusion to digital banking and payments, while reducing industry costs and improving security and convenience of banking and payments.
Designed to support the Central Bank of Nigeria’s new policy regarding cash-based transactions, EmailMoni enables real-time, secure, cashless banking and payments in a variety of consumer convenient ways utilizing numerous mobile and web applications. To be used by both bank and non-bank customers, EmailMoni will provide greater inclusion, access, security and convenience to banking and payment services in support of economic development across 20 African nations.
EmailMoni represents UBAs commitment to provide the highest quality services available by understanding customer’s lifestyle needs and delivering compelling solutions through significant investment in new technology. .
EmailMoni connects to users through mobile and web apps. According to Gartner Research, Africa mobile payment usage is the highest worldwide, with Statista.com reporting the number of mobile payment users in Africa expected to be over 100 million in 2016, compared to 37.5 million users NFC payment users in 2016 the US.
Since the M-Pesa SMS payment messaging system was introduced in Kenya and Uganda, over half of cell phone users regularly make mobile payments, and 92% of Kenyans say they have used the system, according to BI Intelligence, with 73% of those users say they use the system at least once a day. Statistics from the Central Bank of Kenya indicate that Kenyans use mobile devices to transfer over $25 billion per year, as much as 40% of the GDP of Kenya. Juniper Research reports that P2P transfers on social media apps such as Facebook are currently driving over 13 billion transactions per year.
EmailMoni mobile apps are available for Android, Apple and Blackberry operating systems, plus a Microsoft Outlook app and a Facebook app. The system can be accessed to send and/or receive money from your computer, mobile phone (smart or not), or any internet connected device. Transactions can be originated in one channel (such as MS Outlook) and completed in real-time in another channel (such as ATM), providing unparalleled flexibility and convenience. EmailMoni can be used to make purchases online and offline, and to pay bills and people instantly. EmailMoni will be used by employers to pay employees and contractors, with or without a bank account, and other distributions from business and government.
Currently available in Nigeria, EmailMoni will expand into the twenty African nations in which UBA operates within in the coming months. Now, anyone with a bank account in Nigeria can make payments or send money in real-time directly from their bank account using EmailMoni. Money can be sent to anyone, the recipient does not need a bank account to receive a payment, money can be withdrawn from ATMs using a code immediately after being sent. EmailMoni is integrated with bill payment system, mobile air-time, utility and cable providers for real-time, convenient bill payments.
#UBAEmailMoni, powered by MEC, Inc, is operated by UBA Group under license to Centric Gateway.
Law Allows Lots Of Time. For any selling on the basis of lawsuits, then: "So Long!" is appropriate. I recall that phrasing from gravesides of my youth, in fact. There are actually lawsuits, happening both ways, in fact.
Revs Boost started with Airtime, even. Nigeria has the Cashless policy, supportive of the Client's MECINCORP technology. In Nigeria, cashless relies heavily on air-time, even available through UBA Bank, the client. So the order of increase supports the FB reporting completely. FB reporting is SEC supported, where the exchanges are located.
4000% Revs Increase is since June, 2017. Any calculations, and their basis, are easily said to have changed. Contingencies and new windfalls are known to happen worldwide, among people aware of usual business. The source of the revs increase is from a client, and a licensee.
Somewhere on IHUB, likely an "Ed(?)!" That is where you will find an Ed posting on IHUB. FB posts show a CEO, first name Ed, where MEC makes comments and posts--useful to know.
IHUB & FB Posts show sources & goals.
Citing data sources some believe in(?)!
$0.5 mil. credit shows revs magnitude. Mostly that likely represents the revs increase of the recent 45 days.
Company acquiring money is not wrong(?)! Often times that is even motivating(?). It has spotted a path. "We are very close on completing the financials, we are working on it and it is moving forward." The concept of "Want more money" is even addressed in a separate sentence, to happen subsequent all the reporting.
The Recent revenue increases are even separately noted, themselves. Many interpret such language to mean that more money is coming in(?), and continuously: Likely every second or so.
$0.5 tril. is not $0.5 mil. debt, but growing companies in the major exchanges are at the hundreds of billions of dollars-level debt load, comparing. MECINCORP is becoming Pink Current and then Investment Grade listed, in the near-term, comparing. Lots of people buy the debt-loaded stocks.
Revenue increase is an infusion, actually. 4000% increase in transactions volume, with a baseline in device transactions volume, (air-time)--said devices needed in the transactions: Is a lot of "infusion." Then the Google Play downloads count, spread among likely more than one device per download: Explains it. Then integrating the one capability in the other client devices: Is still more infusion. Then it seems set to become international, pan-African.
Bookkeeping done. Financials are Reports. To get them filed, they then have to be "Edgarized."
So FB reports Normalcy! Surprise! "Business As Usual" has actually been an MECINCORP pattern: For nearly five months. Now financial reports have a purpose, likely pursuant to a business plan, able to be reviewed. Getting current with more and more creditors appears to have happened. That is worth reporting. "Personnel" changes likely means among outsourced staff people. One reason for making an accounting company change, months ago, was to follow a specific staff member--already familiar with MECINCORP. That company may further have noticed the new pattern. The Facebook comments were public earlier today, even. Transparency is on, and way before the next march(?).
look At The Posts! Company Up and Running!
Celebrating MEC Dynamic Team! Posts Galore!
CEO veracity up with lawsuit progress report! Financials with better explanations now more likely. Old allegations diminish in comparison, especially with no judicial corroboration, like in the lawsuit progress report. FB posters will mainly just be happy with the lawsuit progress, punto.
Promised court motions OK. Fins next, most likely. Pan-African expansion likely too. Many internationally have a stake in this.
Updates and progress, + lots of posts! The evidence of just how major functioning MECINCORP really must be can itself be inferred from all the posts on the message board. Even the promised lawsuit progress happened, noted just this week! All of a sudden there are even posts about that, and maybe others. And then there is the FB reporting, and the noted interest in the Financials shown in the most recent comments at the Facebook page.
www.emailmoni.com now more accessible(?). Bet9ja has a tutorial message that it can also be accessed from UBA Internet Banking and Mobil Banking. It shows the current and potentially accessible African Nations. Then all the various uses are presented. Possibly some new further launch is about to happen(?). 60 mil. bettors happen daily in Nigeria. Bet9ja is the largest site. The emailmoni link was suddenly posted on the MEC FB page, only last week. Clearly, something happened in October.
"Good Cause Appearing" even a FB report(?).
"Good Cause Appearing" is Credibility, actually. The court finding aside, there is also UBA as a client, Emailmoni as an app, access through UBA Internet Banking, Ads at Bet9ja site, social media communication, credible data reported--and most recently the October Revenue Shock. Anyone can actually follow along the developing process.
Publicity, this stock needs. The "Good Cause Appearing," of potentially retiring more than a billion shares is usually an 8K kind of event with news all over. The "Stop Sign" clearly applies--keeping pertinent information from the public, and having nothing to do with operations.
1.165 bil. "shares" may be off books in any accounting. Lawfully, matters "off books" actually happen in accounting(?), however that is said.
"Good Cause Appearing," then Second Amended Complaint moves forward. That means that likely(?) fully funded counsel has created a successful lawsuit on behalf of quashing apparently bogus shares. Then there is even a money part.
Usual payments are due on actual filings(?)
CFO Maybe now owes MECINCORP(?). It is outsourced, likely subject to penalties and lawsuits.
Emailmoni exists, per CEO, at Google Play site, Bet9ja site, even noted every so often at UBA Group Facebook site. Transactions reports are even shown at Google Play, in reviews. The Emailmoni privacy policy is noted in one or more UBA banking apps. Anyone clearly has to blame the CEO, reporting accurately and honestly.
See post 283540.
"Not Relevant" is about old allegations, especially in the absence of an actual judicial opinion or sentence based on findings.
See post 283520. "Shock" disclosures are about surprise and direction in place and going forward. "Proprietary" matters may be happening. "News," in contrast, is about company approved publicity.
"Revenue Shock" may impact reports already. Anyone can guess that the outsourced CFO likely has to be exceedingly careful with what gets reported. The FB referenced bookkeeping has to be put into a "Current Condition" kind of context, which just changed.
Needs PR's. Then way past $0.01. There are only 500 people who follow the facebook page. Tens of thousands more people actually buying and holding are extremely likely. The stock is for longs.
Electronic filings are not money, either. Alleging that verifiable data, an inference source--is only some nature of conspiracy, or something else imaginary, does not win an argument. Verifiable data happens, from which it is inferred that bills are being paid. The data and inference are used to assess a likely flow of funds. Funds are actually money.
See post 283268 for computing data source.
4000% of 10,000+ Downloads is not zero. Not allowing veracity of Google Play, and other sources, is genuine harassment. Anyone can find Emailmoni on Google Play.
UBA-MECINCORP Agreement One Year Old! Then, since end of June, business volume has increased 4000% with most of that starting October 1. That is barely one year in. Many would say it is a start, easily already able to expand.
http://www.marketwired.com/press-release/uba-and-mec-inc-launch-revolutionary-omni-channel-payment-system-emailmoni-2168083.htm
Noting Emailmoni link--something imminent, possibly. Release of financials itself is often a pretext for some major announcement. Nigeria is Africa's largest economy, but barely in the world's top thirty. Add more African nations, however. . .I myself don't even speak French(?). Nigerian English, however, works. (France is in the top ten economies.) One bank is getting set to be a major international power.
Vol. +4000% is post 283268, data-based, shown therein. Early summer Facebook reports broke down the sources of the business volume. Widely public sociology-level data affirmed the rest.
4000% CEO created increase of business volume is publically reported, if needing a lot more of the widespread part--in USA of the obesity epidemic, even(?)!
4/2/13 SEC social media guidelines met. Announcements are public and widespread available to investors and general public alike.