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Real Estate trusts are legal and happen. Then any status history of any alleged real property assets can also be legal. A previous lawsuit about alleged MEC assets in fact has already been dismissed.
http://www.exeter1031.com/benefits_of_a_title_holding_trust.aspx
Was MEC acting to preserve TCA interests given the judgment? TCA action causes do not allege zero revenue, only timely reporting of it, subsequent the filing for December 31, 2015. The response of MEC to the motion hearing is apparently unknown. Questions about it have also been posted at MEC Facebook. Even in real estate, however, the receiver collects rents, and assures they keep coming in. If they do not, then the owners can appeal to have the receivership removed. In the instant matter, TCA has to show how the previously dismissed lawsuit precludes MEC from acting to preserve any asset values in advance of the likely new revenue source--only last week now showing the new and satisfactory revenue source. MEC likely knew the calendar it could not disclose to TCA. The outcome is better said good faith creditor protection, not fraudulent conveyance(?), or however that is said(?).
Was MEC acting to protect TCA judgment interests(?). TCA action causes do not claim zero revenue, only subsequent MEC reports to Dec 31, 2015. MEC response to the motion for a hearing is apparently unknown. MEC Facebook posts have asked about it.
Then anyone notes that even in real estate, receivers collect rents and make sure the rents keep coming in. If that doesn't happen, then owners can appeal the receivership. In the instant matter, at the hearing, apparently TCA has show a basis of how the previously dismissed lawsuit about assets precludes a value preserving transfer, if it happened; and as a hedge against MEC paying the judgment in full. That would come from the new revenue sources thought likely before, and now shown likely last week. Possibly MEC can be said to have acted to protect the TCA judgment(?), in the face of possible future proceedings. MEC likely had a calendar in mind, which it could not disclose to TCA(?).
Skyrocketing transactions count possible, with commerce-friendly efficiently inexpensive, technology: Emailmoni! This just from UBA Bank, where people now can just use the hand-held device.
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“Today, there are over 10 million bank accounts so far opened for governments, businesses and individuals across Africa with eight million of these in Nigeria. We currently do over N100 billion a month on our 1,800 ATMs in Nigeria alone."
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Compared to the news, the "noise" is about a limited and likely manageable amount of money; and whether or not there occurred a proper transfer of assets, apparently subject of a lawsuit previously dismissed. Offhand, anyone can concur that there is low probability of a rational creditor, or a court, impeding a transfer of payments in full. The famous 162 pages actually show five action causes: If the posted links are correct.
MEC Facebook even shows new revenue sources--just from one client!
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“EmailMoni will enable faster more efficient payments for UBA customers who are billers, such as cable and utility companies. Customers can also send and receive secure payments instantly and conveniently, while non-bank customers will be able easily access UBA banking and payment services,” he said.
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Infrastructure development in Africa has a major business partner, which is a major business vendor!
The clear MEC ability to continue operations: Likely voids any creditor claims of emergency or hazard in collecting monies owed--through a receivership process. Any property issue is likely the same subject as in a previously dismissed case(?).
Pending revenue is likely to preclude a receivership. In any receivership, any pending revenue is likely not affected, curtailed, or ended. Further, the Court is actually in charge of what happens. The debtor retains ownership. The court can act to divert more revenue to the creditor, but the court is also likely to act to keep any revenue increases, and processes, intact. The receiver does not deprive the ownership of its rights. Eventually the creditor claim is satisfied, ending receivership: If ever there was one imposed in California(?). The courts are overworked. That level administration they don't need.
California Courts are not Receivership Friendly. Generally, property rights are not taken away by the courts, especially if there are other legal avenues. Maybe there is only an issue of how to create a lien(?), maybe only in the instant matter(). That subject also may have already been ruled out in the oft-noted lawsuit that was dismissed. That sounds way to complex to merit a receivership, maybe on its face(?).
MEC Facebook has been opening up today. Anyone has to guess that any drastic proceedings are not likely in any near term. The potential numbers look large, and questions have been asked about any proceedings and actions. No projections, for example, are being said likely for the moment, though financials may happen. The news of even one or more new clients, soon, has come up. Start-up matters continue.
Malicious Prosecution is an MEC Defense, possibly just thanks to IHUB posters. Recall that even the allegations of owned properties may not be legally valid, having not been corroborated in a previous lawsuit; and that even international standing can likely be alleged for MEC, and its legal counsel, in recent days--then allegations of MEC misconduct are easily prima facie bogus. Said allegations are apparently intending to harass even MEC investors, and possibly directed by counsel for any plaintiff.
Eqinvestor forwarded One Bogus Lawyer's opinion only(?)! There may possibly be an investigation--but that may appear to the Feds to look more like harassment of investors and potential investors(?). There is more one side. Going further, the company is likely now favorably regarded, as a start-up with a major world positive impact, likely. That may already have occurred to that lawyer. Some months ago, the CEO had been asking for copies of the posts that may have negatively impacted any potential, or actual investors.
MEC Corporate Counsel shown high-powered! New Agreement is
international, and creating attention! Other matters now can be resolved with new time available!
MEC Creditors now deemed risk-free, most likely. A stay-the-course outcome seems virtually certain.
"Emailmoni is for individuals who desire convenience" New initiatives discussed at the interactive media session.
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That is a better copy of the actual UBA Bank twitter post, this evening, their time.
MEC Needs News People Can Believe In(?)!
In 2009, the Democrats put in place the "Make Work Pay Refundable Income Tax Credit," a new arithmetic (found in Matt 20:1-16). It provided the low income market tax relief(?), where none had happened for years. Regardless if the people had worked all the year or not, a $400.00 refund was paid per tax filer--even if no refund was due. Actual arithmetic happened. The Republicans took it away in 2011. Even now, 50% of the U.S. filers have no federal income tax liability, so tax cuts are only for the rich. Now, in Nigeria, the bank appears to be intent on fostering increase of access and liquidity in their low-income market, even on its own. Lehman Brothers had suffered from the lack of that market in 2008. The bank profits are soaring, and the bank has new ways to spread some liquidity around!
Well. .At least someone has heard of MEC(?)!
They have heard of us! "Emailmoni provides who for individuals who desire convenience" "New initiatives discussed at the interactive media session."
UBA Group Twitters Emailmoni!
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https://twitter.com/UBAGroup?ref_src=twsrc%5Egoogle%7Ctwcamp%5Eserp%7Ctwgr%5Eauthor
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Maybe even I have the link right!
11.0 mil. waiting customers. is progress. That is right now. Investors are not the customers, there being not too many investors, (explaining the share price). The tech powers financial services, famous Beverly Hills level, through County of Los Angeles. Transactions volume gets posted, and in increasing numbers.
My own interest is based in Africa as an economy, which needs the more efficient technology. The client prompted the increase of scope. The client appears to be focused on raising income levels, and currency values. Even the new little app means that the new entrepreneur, with the new efficient technology, becomes liquidity empowered, quickly and securely. Recall Lehman Brothers collapsed when its illiquid client base crashed. Markets need viable currency liquidity. Most economics doesn't start from there. The lower level market needs to prosper.
No apparent receivership benefits seem likely able to be shown at this point. During the previous months, the potential MEC transactions from just one account: Have grown from 8.0 mil. potential customers to 11.0 mil. potential customers. The company has diligently implemented its part of the agreement with that client. That is public record. There is even published comment about that. Progress is proceeding daily, likely with beneficial results to all parties. Those could not be anticipated, just a year ago.
"Powered by MEC" is in the About tab, as promised. That shows some new level of progress, likely germane to a main announcement.
So Emailmoni is at the main UBA site, under U-Mobile, in the app stores links. The Facebook U-mobile link was apparently that one(?). Something new now likely has to happen.
Corroborated data creates real releases, as opposed to wild-eyed, conspiracy theory addresses(?). The UBA financials show progres in moving past the current problems. Nigerians are addressing their problems, and even through the bank. Other affected nations are addressing their problems, and even through the bank.
UBA Bank is major growing. 8.0 mil. customers 18 months ago--we were told--to 11.0 mil. now, in the link. The profit growth is 7% to about $200.0 mil. USD, which is different in Nigerian Naira.
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https://www.ubagroup.com/mc/newsandevents/newstopic?id=20161013122632039ytc4seyapp
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So there are two major UBA Bank announcements, just last week. The other one was the capital infusion, for diversification loans.
They tend to showcase their internet capabilities. An MEC relevant announcement is likely in the works.
UBA EmailMoni is accessible but not official, so maybe all they need to do is revise the main website(?). At least one promo going back to 2013 is in the main website promo section, but emailmoni is not on any of the tabs or clickies. If anyone goes into the apps tab, however, Emailmoni is there, with the others. CEO does not appear to be a problem. MEC Facebook may have some numbers, soon, with other information. There have been reports of numbers all summer long.
UBA Facebook again posted a link featuring app stores showing all UBA apps, including Emailmoni. That was in the last hour. Likely any Emailmoni transaction volumes count is even less a significant issue, in the currency fluctuations, impacting some UBA products.
UBA Bank Facebook created Emailmoni exposure in the last two weeks, suggesting visits to the app stores for other products. Emailmoni is in the stores. MEC had indicated that financials were ready. Maybe there will be a string of filings and exposure releases, maybe daily, and like that(?)! There are alleged to be revenue expectations ready to release(?), among maybe many others. There is already alleged to be an update of the app itself getting ready. . .and on and on.
Emailmoni is at a website. The "About" page describes it.
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https://www.emailmoni.com/sg/index.htm
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"European Investment Bank and UBA Agree Record EUR 60 million New Private Sector Investment Programme." That is on UBA Facebook. Nigeria is not in Europe, and Europe is not in Nigeria.
Business Banking is what Emailmoni does(?)!
Business Loan Capital Is What Banks Do(?)!
"Be Flexible and Open To Change" is at UBA Facebook today, also. Could be a new technologies showcasing theme(?)! Also posted yesterday, they have fresh capital to work with this week, already!
Emailmoni is one of six UBA apps, two so-far being shown on their Facebook page just this week, U-Mobile yesterday and U-Token today. Maybe there is a timeline happening(?)!
The UBA Emailmoni access link for IHUB is shown in message 262729, and again, here. "Where To Get It" has the stores.
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https://www.ubagroup.com/countries/ng/personalbanking/eproducts/umob
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UBA Facebook contained App Stores UBA links, in a link to another app. The App stores are where Emailmoni is shown an option. That was only six hours ago. "Where To Get It" shows the stores. The stores show all the UBA apps, including Emailmoni.
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Hello Smart, please be informed that the link for U-Mobile application download is bit.ly/1mQ2ACE
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It should also be noted that today there is the video about some other UBA Bank technology, and a signing of an agreement for $60.0 mil. euros for Nigerian development, through the bank.
They are busy.
It's in the link on how to download U-Mobile
UBA Facebook provides a download link, which has the little buttons for all the UBA apps, at all the various places.
UBA official download areas show everything, recently posted in the context of U-Mobile.