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Video suit settled, no other citation made. The report of the likely settlement of the lawsuit--lots of attempts--brought by an investor with an unpaid loan--is explained within the first ten minutes of the June 21 Youtube video.
"Recent" lawsuit on video revenues settled, most likely. Within the first ten video minutes, the disposition of revenues starts to get discussed. The one lawsuit status includes settlement attempts of an outstanding loan from an investor. The context is that the investor is now likely happier with all the new usage money coming in from the Emailmoni deployment, compared to none in 2016. The exponential rate of increase of usage is shown at various times in the video.
Joe Elguindy, General Counsel, not shown either: For MECINCORP, no longer Myec(?)! In April, 2017: "Our new general counsel is Joe Elguindy"
Matt Hanson, foreign company agent, is likely somewhere(?), or maybe buried there(?). Sierra Global is a foreign company. Myec described it in an 8k, which was reported out. Greenpay appears to have been a group, probably of real estate developers, trying to cash in on MJ. (All kinds of properties appear to have been at issue, possibly greenhouse or warehouse related.) ITNS, a stock companyalso involved, even has 60 positive Emesyl reviews at Amazon, just today(?). Emesyl could also be said for a form of moiton sickness, just like MJ(?), or something. Likely none of this has been missed by auditors, including auditors, auditing the auditors(?). Agents come in all shapes and sizes, nationalities, addresses, registrations, and on and on. The sales activity between MYEC and the two other entities is entirely public, in the nature of a venture. Sierra Global has sent money to MYEC in the past.
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Sierra Global is a foreign company that has invested in MyECheck’s stock and technology. In November of 2013, Sierra Global purchased a patent license and software license from MyECheck in order to operate a legal medical marijuana payment system for the emerging industry. MyECheck’s technology has unique capabilities that solves problems associated with making and tracking payments and customers in the cannabis industry that are impediments to its growth, regulations and taxation. Sierra Global formed GreenPay, LLC to pursue the opportunities created by the legalization of the marijuana industry combined with MyECheck’s technology that appeared to be the perfect fit for that industry and solving the industry problems. The patent license allowed Sierra Global to use the same patented technology used by MyECheck to create fully electronic checks. With this license, they can operate their own “MyECheck-like” company and host transactions on their servers. The software license is for a specific custom developed application for use in the legal cannabis industry. MyECheck delivered the patent license which Sierra Global still holds as it was not a part of the GreenPay acquisition and moved forward in developing the custom software application for Sierra Global, however Sierra Global being a foreign company was unable to secure a bank relationship necessary to operate the custom software application for payment processing. In addition, Sierra Global has other reservations about their ability to operate such a business from outside the US. After much deliberation it was decided that MyECheck would buy back the software application only while Sierra Global continues to hold the patent license as stated above and attempt to get the GreenPay business up and running. To date, MyECheck has not been able to secure a bank to partner with GreenPay for this business which has been our primary obstacle. However, we expect that the conditions in the banking industry as it relates to the cannabis arena will improve in time and ultimately we will be able to secure a bank partner and launch the GreenPay business. On October 1, 2014, MyECheck cancelled two agreements with Sierra Global and GreenPay, LLC and executed an amended Exhibit A “Software Modules License Fees” that replaced both of the original Exhibit A’s in the Software License and Services Agreements between MyECheck and Sierra Global dated November 23, 2013 and the Software License and Services Agreement dated February 24, 2014 by and between MyECheck and GreenPay, LLC. This amendment was drafted to include the consistent software updates and enhancements developed to fit the Sierra Global model.
91,565,010 Nigerian internet subscribers are shown in national statistics kept. Telecoms are about 9% of Nigerian GDP. Like in other African nations, likely airtime and top-ups are even used as currency in Nigerian transactions. Everything originates at a bank. There are lots of internet descriptions about how to make the airtime work. People in Nigeria likely know more about what they do!
Many Records show Matt Hanson,who apparently must be so, year after year. He signed documents in more than one year. The managing director of Sierra Global, LLC, was at Hunkins Waterfront Plaza, #556, Main Street, Charleston, Kitts & Nevis.
More to the point is what about GreenPay. In that group,there were lots of other people apparently involved. Any of them could be the source of anything. Maybe one of them used a sales name.
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GreenPay LLC is a green payments technology start-up, formed in 2014 by a group of developers from a wide range of backgrounds including gaming applications and mobile payments, to capitalize on emerging payment and banking opportunities in the legal medical and recreational marijuana industry. GreenPay LLC has developed the world's first proprietary mobile payments app specifically for transferring funds in real time, legally and safely, to marijuana dispensaries.
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Like records, titles, transfers, opinions, descriptions, lawyers and accountants--even actual criminals--there are records all over the place. That is lawful. What the developers all did is years ago.
"He Bought" maybe not(?). Greenpay didn't work. By March, 2015, the financials showed MYEC owning no real estate, but there had been a Greenpay, way before that. In Seeking Alpha, April 2, 2104:
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"Now if the medical marijuana was MyEChecks only source of income, MYEC would be considered a success story and once GreenPay begins processing payments on May 15th 2014. We will be looking at a substantial revenue source for the company and help propel the share price to new highs (pun intended)."
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No judge has determined any property ownership, therefore requiring a report by MECINCORP. A. lawsuit against the auditing firm was dismissed with prejudice, for example, against the plaintiff. Apparently nothing at all had been established(?). Anything subsequent may soon be reported.
Emailmoni 2.7.5 at GooglePlay, Now! New features make it look like something to have, in fact(?)! Likely there are Nigerians who may be sending even more airtime to others, starting this workweek(?)!
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Games & Lotteries (Bet9ja) added
- Cardless Withdrawal @ ATM
- New UX
- Enabled new payment method for non-UBA customers
- Overall general improvements and fixes
Liberating Tech From USA, Firmly In Nigeria!
Opinions are everywhere, too. Filings show liabilities, so some have happened. UBA use of MECINCORP was promised and has happened. Alleged accounting impropriety suit was dismissed with prejudice, against the plaintiff. That is public record. SEC accepted social media transparency has resumed. New filings are expected within days.
So now see post 278141. More evidence you now accept is in subsequent posts. More is better, people will agree to. SEC filings are better. That, too, is posted all over.
20,000 downloads create that.
Customer and bank posts are evidence, too.
Evidence posted is proof, from all over.
Demanding Transaction Acct.#'s is Stealing. Evidence of transactions occurring is found online at MECINCORP Facebook, UBA Group Facebook, Twitter accounts all over, including requests to discontinue other services in favor of Emailmoni. The demand to see the specific transactions is beneath fiduciary responsibility! Maybe even worse(?): The actual demand is even spelled like a theft-note, handed to a teller.
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"Show us the transitions proof then?"
Mega-High Probability is Adequate Proof of transactions happening, 24/7 even. Support for the Mega-High Probability is shown in the relative yearly income differences. Nigeria is World Economy #28. Nigerian commerce has relatively fewer brick and mortar bank branches, more reliant on the Amazon type of retailing, for its banking--through apps.
UBA: Less than 5000 employees in 20 nations. Bank of America, maybe 40,000 employees in about 900 branches, just in California: Population 33.0 mil. Nigeria alone population: About 190 mil. people. Services like Paypal do not mostly operate in Nigeria. Emailmoni is recently approved in Nigeria by the state betting agency. Pay-to-play is easily said, really different in Nigeria(?)! Mostly likely, many UBA employees likely do have Emailmoni. . .unless that should be put into a different paragraph(?). I myself, on the other hand, am about two blocks away from Larry Flynt's "Lucky Lady" Casino and Saloon, in Gardena, CA! The banking environments are different in Nigeria. The GreenPay people likely think that the Payments environment should be different in Nevada, USA. Cash is required for MJ in Nevada, backward as that is. Third World areas abound, on the planet.
Downloaded bank apps not likely discarded. That could be the start of a reality check. In your post, for example, you even claim that, "Up" is "Down(?)!" You can see your presentation in the excerpt, below. The increase of downloads is called a decline(?)! It is widely shown all over that there are 20,000 downloads already this year, for the most part. That is not a decline. That is an increase of downloads, where before there were none. Then there is the matter that this is the start of July, not December(?). The months left in this year are not a conspiracy(?). The agreement between UBA and MEC was only announced late last year, for example. The next few months of this year are actually: Widely expected to happen. They are not a conspiracy! Our years actually contain a full twelve months.
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". . . .300 downloads a day is a bit of a stretch since it is only averaging 67 a day since its inception which comes out to about 25,000 downloads a year. . . .Excuse me but you need to recheck the growth chart again. I do believe the arrow is pointing downward. Last I knew, downward meant decline."
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There is no decline anywhere shown. The only decline in your conspiracy-theory is the number of months in a year(?).
The bank has a reduced-expense transaction device, which it has readily accepted. The scope-creep it then created is widely noted in the reports to the investors.
Following the reports to investors, you will also note that $100,000 per month is about a break-even point. You even report in your conspiracy theory that likely that has happened, already(?). There are North American continental revenues, beyond that.
People following along the Laguna Beach based, GreenPay adventure, even likely expect that property was involved. MJ operations create warehousing and Greenhousing in pricey areas, away from detection from ordinary street dealers. Accountants have a way of protecting that, themselves. So the lawsuit against the previous auditor required verification from yet another auditor. Then the allegations in the case against the first auditor were dismissed with prejudice. There is no judicial corroboration of the allegations.
And even in Las Vegas today: MJ can only be paid for in cash. . .legally.
Not even 20 mil. downloads is "crap!" Posted in the Conspiracy Theory basis reply to Mascale's post is that, "Downloads don't mean crap. . ." Then it keeps going,"It shows nothing financial. . ." and "In fact, (nowhere shown in any MEC posting), there are no revenues!" App developers, with millions of downloads, apparently do not exist(?). Downloads in the Conspiracy Theory, "Don't mean crap."
Then anyone notes that the attorney's and other expenses will be paid from the MECINCORP revenues. That is posted on the social media sources. Anyone can see where the revenues will come from--except the Conspiracy Theorists. The conspiracy allegation basis is shown. "Downloads don't mean crap!" At MECINCORP, there is an outsourced CFO, and an auditing firm--and bills left over from the lawsuit against a former auditor. That lawsuit dismissed with prejudice against the allegations.
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"Downloads don't mean crap and you know it. It shows nothing financial as to the progress of MYEC and ever getting any revenues. In fact, there are no revenues and if there were they would be stripped out of existence by Fast Eddie to pay his attorney.
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MECINCORP Transparency is recently verified, going back several months. Even court challenges, with other allegations, were not upheld. Fraudulent shares have even been cancelled. Pro-Active management is shown to be in place, on three continents.
Revenue, up-listing, financials audited: are on the public record at SEC, in recent years . MECINCORP promise of an African Bank, is corroborated in public, only a few months ago. Actual downloads are shown in only recent months and weeks. Increase of downloads is shown in recent days and hours. Revenues consistent with starting expectations are further reported in social media. That is acceptable at SEC as transparent shareholder communication. Conspiracy theories, and theorists, are notably not corroborated, in all of history. One most famous is that the moon is actually a fiction of a Hollywood film-making set, where actors were portrayed as having landed(?). The moon(?) can actually be corroborated.
Minimum top-ups three per month at some Nigerian companies. Air-time transactions help keep people in touch. Then noted is that the phone actually does need to become the customer's bank branch. The company reporting so far tends to fit the likely early stage uses of the new product.
Company reported Africa revenues days ago. The report is plausible given the current Nigerian national focus of the new product. There are positive reviews, and new and increasing capabilities, and even in state-monitored enterprises. In USA, ACA had a famous bad first day. All reports now are millions of enrolled. Mostly, U. S, consumers do not see personally, the revenues from that or any app. The downloads and enrollments are reported.
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"Once they start using it for airtime top-up (#1 reason people use EmailMoni now), P2P, and bill pay, it will go viral. As revenues increase. . . ."
High confidence in Emailmoni app is shown in Ingest link: In post below. An UBA customer is shown to ask to be able to rely on just the Emailmoni app. UBA Administration had promised increase of convenience at the outset, months ago.
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@UBACares can my SMS alerts be stopped since I've a functional email and I'm already using the emailmoni app
No Asks at .0001. No panic selling noted.
UBA Mobile is different. IOS 2.7.5 Emailmoni is also different from Android version 2.7.4 Emailmoni, which is at Google Play. Showing the IOS version 2.7.5, however, is posted at Emailmoni Twitter. In Nigeria, anyone concludes that busy people are at week, even going into the July 4, USA, weekend.
UBA shows MEC tech exists, however. There are UBA Facebook, and app store, verification points concurring. There seems to be a monster paper trail of verifiable announcements, that panned out--like those show.
Major new bank marketing ahead! My guess would be that transactions per app are more than expected, based on USA/UK usage. The nearly 20k downloads may be IOS Apple, for people who can afford it--doing lots of transactions. Mostly, the bank is more or less suggested to be avoiding and ACA first day event, CEO on YouTube, probably from the office, reported in the video.
Recently UBA Facebook offers Emailmoni as an option, like a different brand in a shoe store. The video offers the potential of conversion from existing systems. Emailmoni is apparently also available in the Internet Banking app. The recent UBA Facebook posts are now offering guidance on how to get around and avoid the problems with the existing systems. So there is a dynamic environment happening, already.
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"When we have completed testing of the new features just added, the service will be promoted to the banks existing customers and it will grow viral. Although live, the feature set has been very limited to date and the bank wants a more complete product, well tested, before pushing to displace existing systems."
The over $1.0 mil. six mo. revs are even better, already shown.
Over $0.5 mil. revenues filed, two six month years in a row.
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June 30, 2015 and 2014
Cash provided by operating activities
At June 30, 2015, the Company generated revenue in the amount of $599,649 less deferred revenue of $25,000 and collected $66,540 of accounts receivable for a net operating cash revenue of $599,649. . . .At June 30, 2014 the Company generated revenues of $724,063 plus deferred revenue of $1,500 of which $189,457 was used to pay operating expenses, $572,252 in accounts receivable, $63,047 in loss on conversion of debt, prepaid expenses of $46,602 and the remaining $7,420 comprised accounts payable and accrued expenses for a net operating cash provided of $1,063,985.
New revenue is current and increasing.
Filings & up-listing in the past, in future: At OTC, SEC, Youtube, and Facebook, too!
Proactive management creates instant earnings, reductions in overhead, and status upgrades of accounts and registrations on three continents. Reporting transparency is current on Facebook and Youtube. Filings transparency to be current in days, and up-listing within weeks! Fintech works!
Seergate/Myecheck Tech is announced integrated, reporting the acquisition news. Anyone contradicting has provided no contradictory announcements or analytics: Showing that the original announcement, never occurred.
Myec/Seergate is the integrated tech in the original acquisition announcement. UBA created its announcement a few months later. The patent reinstatement is underway, started weeks ago, and per statute. The original maintenance fees appear to have been prepaid for multiple terms, which may be a part of the confusion.
Court corroboration of capability to continue is better said a credibility enhancement. That especially is the case in liberal California. To contrast, court corroboration of criminal intent to kill--in various legal proceedings: Then can be thought a credibility problem, regarding any claim of innocence. That is an outcome: Not a hearing. In the same hearing, the corroboration of capability to continue--no criminal intent to kill--is better said a clear, credibility enhancement.
Receivables tend to diminish payables. The more IOS users may indicate a high-end user-base so far. It is noted that Nigeria tends more toward android use, so the downloads at Google Play. The far greater numbers could suggest the use so far to be trending more to US/UK transaction levels. Added to usual transactions, then there are even the more transaction options, now approved for Emailmoni. Years ago, the original Kenya payments phenomenon was differently fueled--urban users sending off funding to all kinds of family in the rural regions. This is years later, different nation.
Emailmoni Now Lottery Approved! Aka, "Accountants Galore," besides the Nigerian gaming approval--and more retail marketing, from a client of UBA--then there is also MasterCard approval. All these announcements are at MECINCORP Facebook. The bank has shown the way!
The accounting firm is in the video. The auditing companies are both there and in MECINCORP facebook. The report of the extra legal costs created by legally fraudulent, and denigrating activities, is in the video. The previous accountant incurred extra costs. That is in the video. Shares have been retired, incurring legal costs. More shares are to be retired, more legal costs. There is an outsourced legal firm. There is an outsourced accounting firm. There are others apparently willing to fraudulently act, being sued for recovery of costs, unaffiliated at all with company. Creditors are otherwise agreed to work with continuing MEC operations, likely including their accountants and auditors. That is in the video. [b]There appears to be no basis for the contention that, "No accountant is touching this toxic criminal enterprise."
Accountants need time, and charge for it. Lawyers need time and charge for it. Filings and fees need time, and charges for them happen. The bonus here, in fact, is that even the transactions need time, and there are charges for it(?).