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17K with only a few weeks of UBA Marketing, and not Continent-wide, yet, in Africa. One app does not mean one transaction. The mystery to be solved is how UBA is fitting in the app within its online devices. Maybe only commercial customers are being contacted individually first, with back-up advertising showing even individuals using new app(?). The new ATM capability was only a few days ago.
Emailmoni is Nigerian, not pan-national, even in Africa. Taurus-poster may have more information about how it works in the USA. Emailmoni advertising is geared to Nigeria, mainly, so far. The other African Continental nations are not even being marketed.
International Transfers, 5 days clearing, happens. Emailmoni is a Nigerian product, UBA holding the license. Nigeria has currency issues, also impacting even credit cards. Those products are suspended for periods of time. MECINCORP famously does use San Francisco accountants, where "pricey" appears to mean, "Longhand," after getting the fat woman--who has the pencil, (with the eraser)--out of bed. Not every part of the planet is up to Nigeria in the matter of using fintech.
Or making it easy to miss the bus, right there in downtown Lagos(?). And all that due to Northern California accountants, San Francisco, USA(?)!
Only 105 shopping days until fintech Summit convention in Lagos! Speakers include people from international banking firms! There may even be booths and meet-and-greets, like sometimes happens at events like these(?)--unless they don't. An up-grade listing could happen before then. . .if even fins could happen before that first(?), audited fins way soon after(?). September 26 is the opening day. Centric Gateway is even listed in Lagos, for bus-catching purposes(?). . .unless they miss them, a lot(?). The auditing company even has a female assigned to MECINCORP account. . .if only anyone knew for what(?)! It has been a long time, already.
Plutus posts no zero revenue data from Emailmoni, active in 20,000 downloads, and going back weeks. It there must be some source that to be cited, showing revenue zeroes, week after week(?), that source is not cited. CEO claims revenues, likely to be shown in more recent financials. CEO has posted a revenues increase chart from Africa revenue, at the Facebook site. Where is the corroborated chart of the zero revenues, in the same time frame?
"More than 80 per cent of the online population in Nigeria has used the internet to purchase something," according to the NewAgeBanking people. It is not entirely clear if that organization actively promotes brick and mortar branches, but likely it understands the concept, "vaults," even as Nigeria seeks a new "cashless" way of banking--even as an anti-fraud and anti-corruption tool. UBA wants to make it all more convenient. To that end, it is launching Emailmoni, and with the new ATM capability. MECINCORP has a Nigerian presence, and in Lagos.
100 mil. monthly e-transactions at one Bank alone, (maybe called First, or something), in Nigeria, February, 2017. In September, there will be a Data-Galore event in Lagos. The Nigerian central bank opted for a "cashless" policy in 2012. In the last three years, there are 30 mil. new internet customers, in Nigeria. There is also recorded a 10% rise in new bank accounts. MECINCORP is already there, with Emailmoni, now more or less complete. Nigerian economics are moving ahead-of-time already--not just to mention a leadership position at OPEC, which may have helped already.
http://newagebanking.com/nigeria/7-reasons-why-nigeria-is-set-to-be-africas-leading-fintech-hub/
10 mil. monthly e-transactions were processed through Nigerian NIBSS in July, 2014. That is admittedly, old news. That does not include the other types of transactions that Emailmoni can process. That would probably be a lot more transactions.
Publicity about news is needed. Publicity is how I myself found out about the stock, months and months ago. There was news that was publicized. OTC is a market. Products in markets thrive on advertising.
Patent matter known to Company & Questioners. At Facebook most recently, June 1, there is affirmation of the patent. Reinstatement is a process. And then, anyone notices that non-issues tend to characterize posting detractors. There is, for example, affirmation of the patent, and there is a known process. So a non-issue has been noted again, and again, and again, and again!
Patent seems OK, at any rate: Recently renewed, or in some renewal status That appears at MECINCORP Facebook, on or about June 1.
Court did not support property allegations. There is no other apparent lawsuit regarding property matters.
Then the repeated VOP hearings, as an example, are a statement that defendant is not a threat to public safety, and so is more likely eligible for reinstatement of probation. Compliance capability is being shown a court of law. Other remedy in the public interest, allowing the defendant to continue with business as usual, is made the more likely.
Then even further, the absence of further court proceedings, about any properties, itself does not support any property allegations.
Data reported from widely known, reliable sources lends to the credibility of even Facebook reports, and an approved way for companies to communicate with investors. Even Twitter posts are now becoming recognized as policy statements, and subject to legal proceedings.
The Data is widely known reliable--Google, Apple, UBA Bank and sources like those.
Revenues, and revenue sources, actually logically precede viable fins--escaping the apparent attention of uncaring or illiterate, Brooklyn75 poster. People have been asking questions about revenue sources, so data and sources have been provided.
277177 is the full number
IHUB post 27717, 15,000+ downloads. The UBA Internet Banking app of 100,000+ downloads is at Google Play. That app specifically references the Emailmoni privacy policy. Likely the bank and its customers know how it works, and where. It has been suggested, for example, that the start of the roll-out was to be confined to just the Nigeria, part of the Continent. A schedule appears to be smoothly in place. No ACA roll-out issues have been reported, of the new service not working at all.
100,000+ Internet Banking access apps, plus Apple IOS--and other counting, posted elsewhere--is not that bad considering that Google Play posted the upgrade just day, June 7.
In Real-Business: Google Play too, is at version 2.7.4! Any new stats on new downloads are easily said to be getting corroborated.
And in fact, the app progress is not being pro se litigated. The app progress has not even been dismissed in any judicial proceeding, on the basis that defendant failed to prove his case(?).
So stock price relevance is likely better said to be where it is found(?). Below is now at Google Play, re: Emailmoni.
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"Withdraw at ATM. Now, you can cashout at any cardless-enabled ATM"
Plaintiff failed to prove allegations, is even better language. It is more broadly stated, even. The matter was dismissed on that basis. Courts, and other people, are not obligated to base their language use: Only on what one interested side or individual may think is proper and correct.
Courts dismissed property allegations, raised in a suit against the auditing company, already. Everything else is so far one-sided. Since court proceedings have happened in the past, then anything material can be expected in financials reporting.
2.7.4 Version gets a Yowie Zowie! "Withdraw @ ATM enabled," offers a major convenience for UBA customers.
And Simplifile is a US, increasing, national client. Nationally, that is different from a Nigerian banking client. Like that client, the domestic transaction volume is increasing, exponentially.
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More than 1,622 county recording offices throughout the United States now record deeds, mortgages, and other documents electronically using Simplifile. For an up-to-date list of all jurisdictions currently e-recording with Simplifile, visit https://simplifile.com/e-recording-counties.
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MECINCORP Facebook shows how that works, increasing exponentially in the USA domestic market, using MECINCORP technology.
Scope creep even this year, reported, even today has created new downloads, exponential increase of transactions, and for a now international company, increasing its client base to boot. The major client creates financials, so that even the on-boarded vendor can see what's up with that(?)! More increase even then gets reported, and publicized even!
Courts have dismissed the issue, and so now accountants know if there are any answers. No one posting appears to know anything about any money or property allegations.
15.1K total downloads for EmailMoni. (Just one license, notes mascale) About 200-300 per day and steadily climbing. I think with continued marketing and successful use, we could be around 200-250K by end of the year. Keep in mind, that we are tied in to much more than just EmailMoni.
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That is Aerox33 posted, and does not note that Emailmoni appears also to be a part of the Internet Banking app at UBA, with its corporate area, and more than 100,000 downloads. That is in place today.
Foreign & Domestic Data Are Shown, and known to people following the reports. UBA agreement is within the last year, yet another licensee, and this one able to pay at an exponential growth rate. UBA even publishes financials(?). The example is expected to rub off, and even erase(?) outstanding obligations.
And yet UBA started it up, and through a local entity. The President of the United States, you could note, is also famously bankruptcy-prone. If Warren Buffett goes sour, then millions will get stuck. If UBA Bank becomes a banking disaster, then millions will get stuck. . .and on and on. MECINCORP is creating multiple clients. The President of the United States famously has more than one company.. .possibly able to get him too impeached.
Exponential revenue increases happen, and tend to create solutions to any current problems.
UBA-tech is problem-solving. Direct banking tech likely has a multi-billion separate client base of its own. Paypal has or had 1 million people in Nigeria, which lapsed into recession. The UBA-Tech more likely lends direct local aid in getting out of recession, or avoiding one altogether. Oil prices are dropping, again--possibly in another. . .Great throwback to the 1930's, or something. London seems to be some kind target of a Blitz, again.
BRY-Poster denies(?) Emailmoni data increase, Foreign and Domestic revenues increases, Facebook posts, IHUB posts, all showing increasing support, and monies!
MYEC stock has been up-listed before. Even for "Pink Current," there is an Attorney Letter Form required, with unaudited financials. Elsewhere referenced, Form 15, is a delisting instrument, required for no further reporting. Banks have to register under a 12g section, for example. Other companies can voluntarily register under the same section. Mostly, the OTC company is probably more interested in what Edgar shows. Many OTC companies are new to the planet, for other example. OTC company is likely more interested in their Edgar filings, too!
MEC is "Pink Sheet" already, going "Current."
Exponential revenues increase shown previously lends positive meaning to the concept, "Growing consistently"
MEC Today only notes UBA monies,and financials. No other filings are suggested, or can be inferred.
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Have we been collecting any fees from UBA?
MEC, Incorporated: Yes, we have been earning fees for some time but it is still small but growing consistently every month
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Thank you for the response that means one foot in front of the other I think that is what we were hoping for keep up the good work.
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Is it safe to interpret this as a shift in strategy to file all five outstanding quarters all at once... rather than one quarter at a time as each quarter is audited? I actually thought that would make a lot of sense but didn't know if that was an option.
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MEC, Incorporated: Essentially, yes.
Creditors impressed with the revenue are smart. From just six months or so, below. The Creditors likely know more than most others.
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We re-financed our debt with TCA, it was purchased in full by Chicago Ventures/Typenex. We entered into a new note for the value of the TCA debt and entered into other refinance agreements regarding the other two Typenex notes.
This consolidates most of our debt with a partner that has proven to work well with us and respect shareholder value, unlike previous third party debt purchasers. We have the option to repay the loan from revenue. . . .
Increased revenue is foreign & domestic. The reports are posted, and the auditing plan and payment plan is posted. The foreign revenue is new and a pleasant surprise--apparently to many(?). That is called investment monies at work. Possibly the increased revenue is an unpleasant surprise to some(?).
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The attached chart represents revenue growth from international operations through April 28, 2017. The amount of revenue is still very small but we are seeing a steady increase. The spikes are caused by weekend transactions being reported with Mondays.
So a step toward revenue stream increase worked!
So MEC is not in receivership since it isn't. In fact Company is regarded credit-worthy, with increasing revenue streams. It is being directed by management as usual. Management as usual is creating monthly reports.
MEC is even creditworthy, plus transparent. The June Facebook report is consistent with April and May reports. Cancelled shares, due to fraudulent issue, are noted in April. Credit discussions and outcomes are noted in April.
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We have so far recovered and cancelled 275,000,000 fraudulently issued shares from Seven Mile Securities. We continue to pursue the balance of around 260,000,0000 shares. Our legal representation in this case has changed to our new general counsel Elguindy Meyer & Koegel LLP, there are no other developments to report. Regarding publicly announced customers, we have previously addressed which customers went live and which ones didn’t and why, the only update is that we no longer process for PacNet due to fraud claims, and Simplifile continues to grow at a moderate pace. One of our top priorities is getting current on our filings. We are at the auditor review stage of our 2016 financials, once the auditor has completed review of each quarter, we will file each 10-Q with the OTC and SEC, then the 10-K audited annual report and whatever other reports are necessary to become current. Once current, we will need to maintain a share price of at least $0.01 for 30 days. We plan to be more engaged with investor awareness once we are current in our filings. 3 year plan is to maintain and grow the primary licensee customer relationships we are currently developing, and of course add new customers. We essentially offer only one product/service now, the “e” platform that is private label branded to licensees such as banks and resellers. So far this year we have refinanced $1,300,000 in debt with another transaction for around $300,000 imminently pending. This funding is much more shareholder friendly and will result in far less dilution, probably none. We will need additional funding to continue operations, fulfill our contracts, and grow revenue. I am currently in discussions with potential partners for funding currently seeking an additional $300,000 in equity or debt financing that will be used for growth rather than debt reduction.