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Totally Agree!! Way Oversold here! Big run coming with a Big Short Squeeze!!
Where did they get someone to Put In a FAKE BID!! If you are long here your chance to get OUT!!!
After communicating with JBA,
he informed me that his legal counsel failed to submit the legal opinion that is due within 30 days of annual filing & it will be resolved in a few days.
As I understood it is the only document that is missing & being corrected. He taken full responsibility and insure me it being corrected
One Last chance to Buy CHEAP STOCK before it goes Up!! Please Sell so I can BUY More!!!
Wow!! Who did they DUPED into Buying this POS???? I feel sorry for the poor FOOL! Especially when this is HALTED by SEC!!!
Huge News!!! More to Follow! PPS Going much HIGHER!! I'm Buying & accumulating!!! So Cheap Here!!!
I never understand just when things are turning around Why would anyone Hit Bids?? Especially at all time LOWS!! 1 Million Shares is only $800 Dollars!! Why wouldn't you wait until it gets back to the high single zeroes or even a Penny!!! Whats the Panic You need the $800 so Bad??
Well if you like it yesterday you got to Love today!!! Some keeps selling LOWER than the last sale trying to make stock look BAD!! As well protecting it's ILLEGAL NAKED SHORT!!!
Crazy How they can dupe people into buying something WORTHLESS!!!
BLDV Ready to RUN!! Take all the 8's LETS ROCK!!!
I can't understand Why? No REVENUES!!! Everyone Got Free Stock!! Who in their right mind would buy this???
When is this GREAT things going to HAPPEN?? When is the Stop Sign coming DOWN?? Under Alot of Pressure HERE??
You got that right!! Need some Big Buying this week! SQUEEZE THOSE SHORTS!!
OMG!!! WHO the HELL is HITTING BIDS! INSANE!!
I am here for the LONG HAUL knowing the FUTURE IS BRIGHT! Only going to get brighter! I am putting an investment group together with the possibility of a few Hedge funds so we can accumulate & soak up all this Ridiculous CHEAP STOCK!!
Here is your answer!
"We still have the relationship with Eltron, the PAA is only really suited to large facilities, there was some false postings that Eltron was closing and or moving, this is not true. What is true is that they have severed their relationship with a Hemp Group called Blue Circle, not related to BLDV. As for Israel, we represent the PAA there, not Eltron overall. In Israel the PAA generator will need approval by the standards institute and may take awhile." Regards. Josh
Yes and they got stock for FREE!! Cant Believe anyone would BUY this? Who's Buying??? LIST OF SELLERS;
Annual Statement of Changes in Beneficial Ownership (5)
Print
Alert
FORM 5
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
[ ] Form 3 Holdings Reported
[ ] Form 4 Transactions Reported UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
OMB APPROVAL
OMB Number: 3235-0362
Estimated average burden
hours per response... 1.0
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
1. Name and Address of Reporting Person *
Heggenhougen Rolv
2. Issuer Name and Ticker or Trading Symbol
Canbiola, Inc. [CANB]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
_____ Director __ X __ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
445 NE 12TH AVENUE
3. Statement for Issuer's Fiscal Year Ended (MM/DD/YYYY)
12/31/2017
(Street)
FORT LAUDERDALE, FL 33301
(City) (State) (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_ X _ Form Filed by One Reporting Person
___ Form Filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8) 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4) 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Amount (A) or (D) Price
Common Stock 1/4/2017 S 100000 D $0.03 92541908 I By McKenzie Webster Ltd.
Common Stock 1/20/2017 S 100000 D $0.037 92541908 I By spouse, Linn Osnes
Common Stock 1/24/2017 S 50000 D $0.046 92541908 I By spouse, Linn Osnes
Common Stock 1/26/2017 S 100000 D $0.056 92541908 I By spouse, Linn Osnes
Common Stock 1/26/2017 S 100000 D $0.043 92541908 I By McKenzie Webster Ltd.
Common Stock 1/27/2017 S 100000 D $0.069 92541908 I By spouse, Linn Osnes
Common Stock 1/31/2017 S 200000 D $0.046 92541908 I By spouse, Linn Osnes
Common Stock 2/1/2017 S 50000 D $0.076 92541908 I By McKenzie Webster Ltd.
Common Stock 2/1/2017 S 10000 D $0.076 92541908 I By McKenzie Webster Ltd.
Common Stock 2/2/2017 S 35200 D $0.042 92541908 I By spouse, Linn Osnes
Common Stock 2/2/2017 S 200000 D $0.064 92541908 I By McKenzie Webster Ltd.
Common Stock 2/3/2017 S 114800 D $0.041 92541908 I By spouse, Linn Osnes
Common Stock 2/3/2017 S 50000 D $0.045 92541908 I By McKenzie Webster Ltd.
Common Stock 2/7/2017 S 50000 D $0.046 92541908 I By McKenzie Webster Ltd.
Common Stock 2/17/2017 S 200000 D $0.032 92541908 I By spouse, Linn Osnes
Common Stock 2/22/2017 S 100000 D $0.032 92541908 I By spouse, Linn Osnes
Common Stock 3/13/2017 S 200000 D $0.045 92541908 I By spouse, Linn Osnes
Common Stock 3/28/2017 S 100000 D $0.023 92541908 I By spouse, Linn Osnes
Common Stock 3/29/2017 S 100000 D $0.023 92541908 I By spouse, Linn Osnes
Common Stock 4/17/2017 S 200000 D $0.023 92541908 I By spouse, Linn Osnes
Common Stock 9/28/2017 S 200000 D $0.009 92541908 I By McKenzie Webster Ltd.
Common Stock 9/29/2017 S 125000 D $0.009 92541908 I By McKenzie Webster Ltd.
Common Stock 10/4/2017 S 125000 D $0.01 92541908 I By McKenzie Webster Ltd.
Common Stock 10/5/2017 S 100000 D $0.01 92541908 I By McKenzie Webster Ltd.
Common Stock 10/12/2017 S 400000 D $0.008 92541908 I By McKenzie Webster Ltd.
Common Stock 10/26/2017 S 200000 D $0.007 92541908 I By McKenzie Webster Ltd.
Common Stock 11/30/2017 C 50000000 A $0 92541908 I By McKenzie Webster Ltd.
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date
(MM/DD/YYYY) 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) 8. Price of Derivative Security
(Instr. 5) 9. Number of Derivative Securities Beneficially Owned at End of Issuer's Fiscal Year
(Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4) 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
(A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Innovative CBD Here is another company that's sells all over has the same products so MUCH CHEAPER!! The CBD Muscle Salve only $20 I purchase in Value Drugs on LONG ISLAND!!
www.innovativecbd.com
That doesn't include True Wireless Revenues! over MILLION $$ a month!!
Here are "THE 20 BEST CBD OILS FOR 2018" Canbiola NOT ON Here??
1)4 Corners Cannabis Location: Bayfield, Co. Cost Per MG: $0.20
2)Lazarus Naturals Location: Seattle, WA Cost Per MG: $0.04
3)Kat’s Naturals Location: Dunlap, TN Cost Per MG: $0.11
4)CBDistillery Location: Denver, CO Cost Per MG: $0.05
5)NuLeaf Location: Denver, CO Cost Per MG: $0.12
6)Pure Hemp Botanicals Location: Denver, CO Cost Per MG: $0.09
7)Canna Trading Co. Location: Los Angeles, CA Cost Per MG: $0.10
8)Populum Location: Tempe, AZ Cost Per MG: $0.20
9)Pure Spectrum Location: Evergreen, CO Cost Per MG: $0.15
10)Charlotte’s Web Location: Denver, CO Cost Per MG: ?
11)Fab CBD Location: Tampa, FL Cost Per MG: $0.20
12)Green Gorilla Location: Los Angeles, CA Cost Per MG: $0.09
13)Receptra Naturals Location: Denver, CO Cost Per MG: $0.09
14)Hemplucid Location: Orem, UT Cost Per MG: $0.13
15)Palmetto Harmony Location: Conway, SC Cost Per MG: $0.11
16)Green Roads Location: Davie, FL Cost Per MG: $0.13
17)Medical Mary Location: Aventura, FL Cost Per MG: $0.16
18)Koi Location: Norwalk, CA Cost Per MG: $0.08
19)Plus CBD Oil Location: San Diego, CA Cost Per MG: $0.17
20)CBD Drip Location: Newport Beach, CA Cost Per MG: $0.10
TerraNut Hemp Punch CBD Oil Better & Cheaper Product!!
Hemp Oil Infused Superfood Snack. Cold Pressed. Vegan. Gluten Free.
TerraNut Hemp Oil is extracted from the plant without using harsh solvents and all of our products are made with natural ingredients. Derived from 100% industrial hemp.
Organic, Non- Gmo Cultivated.
Someone is short and does not want to see .30 . There were 5 prints at .298 with no shares , offer at .30. they will not be happy next week covering at much HIGHER LEVELS!! Everyone who loves the & company can buy forcing them to cover!! Dam those Illegal Naked SHORTS!!!
I going to continue speaking with Josh as well as helping with any financing he may need but I believe everything is in Place. So Let the Good Times Roll!!! 2018 huge year for BLDV!!
Here is a REAL Look at PUMP & DUMP all who received shares at ZERO selling into any BUYING!!! You see the exactly the same in 2018!!!
FORM 5
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
[ ] Form 3 Holdings Reported
[ ] Form 4 Transactions Reported UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
OMB APPROVAL
OMB Number: 3235-0362
Estimated average burden
hours per response... 1.0
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
1. Name and Address of Reporting Person *
Heggenhougen Rolv
2. Issuer Name and Ticker or Trading Symbol
Canbiola, Inc. [CANB]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
_____ Director __ X __ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
445 NE 12TH AVENUE
3. Statement for Issuer's Fiscal Year Ended (MM/DD/YYYY)
12/31/2017
(Street)
FORT LAUDERDALE, FL 33301
(City) (State) (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_ X _ Form Filed by One Reporting Person
___ Form Filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8) 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4) 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Amount (A) or (D) Price
Common Stock 1/4/2017 S 100000 D $0.03 92541908 I By McKenzie Webster Ltd.
Common Stock 1/20/2017 S 100000 D $0.037 92541908 I By spouse, Linn Osnes
Common Stock 1/24/2017 S 50000 D $0.046 92541908 I By spouse, Linn Osnes
Common Stock 1/26/2017 S 100000 D $0.056 92541908 I By spouse, Linn Osnes
Common Stock 1/26/2017 S 100000 D $0.043 92541908 I By McKenzie Webster Ltd.
Common Stock 1/27/2017 S 100000 D $0.069 92541908 I By spouse, Linn Osnes
Common Stock 1/31/2017 S 200000 D $0.046 92541908 I By spouse, Linn Osnes
Common Stock 2/1/2017 S 50000 D $0.076 92541908 I By McKenzie Webster Ltd.
Common Stock 2/1/2017 S 10000 D $0.076 92541908 I By McKenzie Webster Ltd.
Common Stock 2/2/2017 S 35200 D $0.042 92541908 I By spouse, Linn Osnes
Common Stock 2/2/2017 S 200000 D $0.064 92541908 I By McKenzie Webster Ltd.
Common Stock 2/3/2017 S 114800 D $0.041 92541908 I By spouse, Linn Osnes
Common Stock 2/3/2017 S 50000 D $0.045 92541908 I By McKenzie Webster Ltd.
Common Stock 2/7/2017 S 50000 D $0.046 92541908 I By McKenzie Webster Ltd.
Common Stock 2/17/2017 S 200000 D $0.032 92541908 I By spouse, Linn Osnes
Common Stock 2/22/2017 S 100000 D $0.032 92541908 I By spouse, Linn Osnes
Common Stock 3/13/2017 S 200000 D $0.045 92541908 I By spouse, Linn Osnes
Common Stock 3/28/2017 S 100000 D $0.023 92541908 I By spouse, Linn Osnes
Common Stock 3/29/2017 S 100000 D $0.023 92541908 I By spouse, Linn Osnes
Common Stock 4/17/2017 S 200000 D $0.023 92541908 I By spouse, Linn Osnes
Common Stock 9/28/2017 S 200000 D $0.009 92541908 I By McKenzie Webster Ltd.
Common Stock 9/29/2017 S 125000 D $0.009 92541908 I By McKenzie Webster Ltd.
Common Stock 10/4/2017 S 125000 D $0.01 92541908 I By McKenzie Webster Ltd.
Common Stock 10/5/2017 S 100000 D $0.01 92541908 I By McKenzie Webster Ltd.
Common Stock 10/12/2017 S 400000 D $0.008 92541908 I By McKenzie Webster Ltd.
Common Stock 10/26/2017 S 200000 D $0.007 92541908 I By McKenzie Webster Ltd.
Common Stock 11/30/2017 C 50000000 A $0 92541908 I By McKenzie Webster Ltd.
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date
(MM/DD/YYYY) 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) 8. Price of Derivative Security
(Instr. 5) 9. Number of Derivative Securities Beneficially Owned at End of Issuer's Fiscal Year
(Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4) 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
(A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Heggenhougen Rolv
445 NE 12TH AVENUE
FORT LAUDERDALE, FL 33301
Absolutely!! Totally Agree! Right to the MOON!!
Absolutely True! That Why I say Share Price is RIDICULOUS Way Too LOW!!!
There both from speaking & email response!! I am totally on Board & continue to Buy!!!
From my conversation & understanding this very easily can be above a penny & Extremely Higher! IMO This can be out of penny word totally!
This goes through 12 with Good Volume & strong bids it to a half a Penny then HIGHER!!
What Morons are Hitting Bids Here??? Why? a Million is only $700 why would you sell instead of waiting for Great Potential for the Company? Which is coming right around the corner!!
I bot some too!! I cant understand why everyone here dosen't buy 1 Million shares only cost $700 for a chance at selling Higher!!
What Morons are Hitting Bids Here??? Why? a Million is only $600 why would you sell instead of waiting for Great Potential for the Company? Which is coming right around the corner!!
IMO You don't have enough you not going to be able to get stock at these levels again!!
You got that right!! IMO after speaking and getting a better understanding of everything I am a BUYER!! Grab the cheap stock while you can before this goes to a Penny & HIGHER!!
After Speaking with JBA this is what he responded to me;
"I appreciate you taking the time to understand what we are doing.
I have been the CEO since March 2016 and from the beginning the idea was to build credibility over time. The company had some unfortunate history in the past and we moved very slowly to insure that we understood the potential liabilities of controlling BLDV.
I started first by putting all of our family of companies under the BLDV umbrella, including our consulting firm established in 1939.
In addition we transitioned BLDV from Alternative Fuels and solar energy, to the cannabis space by putting our company Green Science and all of our network into Blue Diamond Consulting LLC.
The relationship with Cann10 started just over one year ago and today we are joint venture partners in Cann10 North America. Cann10 NA owns 13% of BLDV stock and BLDV controls 49% of Cann10 NA. This deal was closed on December 31st 2017, just 4 months ago.
The goal from the beginning was to find something of value to bring in BLDV and the merger that we are talking about would bring significant value and expand the governance of the company.
We do not partner with Israel in the dark, I had 2 Great-Grand Fathers at the first Zionist Congress, 2 grandfathers that fought in the British Foreign Legion in Palestine, my father worked as an Architect and construction manager in Israel for over 20 years. Currently my 91 year old mother lives there as well as my sister.
In 1982 my brother and I opened an import/export business bringing security and life safety products to Israel from the USA, this is still an operating entity run by my brother-in-law.
My brother lived in Israel for 25 years, I lived there for 5 years from 1983 to 1988.
Our partnership with Cann10 Israel is based on their confidence in our abilities and the integrity of our family and company.
This deal will bring BLDV into the BioTech world, real targeted therapies, Customized Formulations, Professional Education and Lucrative Consulting at the Biocannaceutical and Pharmaceutical Level.
Cann10 is active in 10 Countries but of course the USA and Canada are some of the most significant markets, the pipeline of innovation from Israel will run through Cann10 NA and BLDV.
Cann10 NA will be an aggressive player in the Cannabis Space in the USA and Canada, and over time will acquire holdings at all levels of the business. The AMS deal becomes stronger with Cann10 as part of the team.
As we streamline the structure of BLDV to accommodate the merger, I can assure you that nothing of value will leave BLDV without proper protection of the shareholders, and we have no intention of doing a reverse or other corporate action at this time that would dilute the current shareholders.
Please let me know if you have any more questions.
regards,
Josh
I Believe All Good things will come for BLDV sooner than lately, Especially after speaking with Josh Alper!!
News Out On WEYL!!
Weyland Tech Business Outlook and Corporate Strategy.
NEW YORK, NY, April 25, 2018 (GLOBE NEWSWIRE) -- Weyland Tech Inc. (WEYL) ("Weyland " or the "Company"), a provider of mobile business applications, released its 2017 Annual Report on Form 10-K, and announced today its fiscal 2018 business strategy and updates on its e-Wallet initiative.
Fiscal 2017 Highlights
· Revenue was $15.6 million
· Gross income was $4.3 million
“We are pleased to report fiscal 2017 service revenues increased 20% from fiscal 2016, which was the result of our efforts to increase market share for the CreateApp platform during 2017 in highly competitive emerging markets with reduced price points, as well as new subscriptions sold to existing customers and subscriptions sold directly to new customers,” commented Mr. Brent Suen, CEO of Weyland Tech, Inc. “The Company used the increased revenue to make significant investment into research and development, marketing and product development which management expects will create increased shareholder value in the near to mid-term.”
Revenue for fiscal 2017 was $15.6 million, up from revenue of $12.9 million in fiscal 2016. The increase in service revenues was primarily the result of increased volumes in the Company’s core mobile business application platform - CreateApp.
Gross income in fiscal 2017 was $4.3 million, compared to gross income of $5.3 million in 2016. The decline was due primarily to an increase in cost of service period to period. Cost of service was $11.3 million and $7.8 million in fiscal 2017 and 2016, respectively. The increase reflects cost associated with an increase in our Service revenues from growth in clients served.
Financial Condition
As of December 31, 2017, Weyland Tech, Inc. had 2.3 million in working capital, $1.06 million in cash and cash equivalents and $2.05 million in total liabilities. Stockholders’ equity stood at $3.3 million, compared to $2.6 million as of December 31, 2016. Cash used in operating activities during fiscal 2017 was $332,071.
Business Outlook
Weyland Tech, Inc. is focused on mobile commerce enablement via our enhanced platform built in 2017, and offered on a Platform-as-a-Service (“PaaS”) basis, and the company’s e-wallet initiative. Recent product launches with our strategic partners DPEX (Indonesia), BTG (Thailand), Augicom/Orange (France) are representative of the PaaS platform strategy and product offering.
“CreateApp continues to grow and remains competitive in the highly competitive mobile business application marketplace for DIY Apps, while facing global pricing that is, in some markets, as low as several dollars per month and even free with paid upgrades,” Mr. Suen continued. “However, the Company is optimistic about the prospects for its core mobile business applications going forward because the Company utilized the increased revenue to make significant investment into research and development, marketing and product development which, while contributing to a net loss of $74,282 for the year, management expects will create significant shareholder value in the near to mid-term.”
As a result, the Company’s core product has evolved over the course of 2017 to capitalize on the immediate opportunity for developing a larger network of valuable users and merchants by developing services that will enable the adoption of mobile commerce across Greater South East Asia. The platform enhancements have taken the Company’s technology from a standalone DIY app builder to an enhanced platform built to enable mobile commerce.
In 2018, Weyland will focus on scaling this business model by continuing to develop and expand strategic partnerships that would increase the number of users and merchants available to users of the Company’s products on a Platform-as-a-Service (“PaaS”) basis. These efforts will expand on the success of recent product launches representative of the PaaS platform strategy and product offering with our strategic partners DPEX (Indonesia), BTG (Thailand), and Augicom/Orange (France). And after extensive discussions with our partners, management believes that supporting these initiatives thru deeper engagement, interaction and co-marketing/sales will substantially benefit the Company in 2018 and beyond.
Growing the PaaS offering will also benefit from 2017s ancillary initiatives in eSports and online-to-offline commerce, which will be absorbed into the PaaS focus in 2018. The lessons from our eSports initiative will inform marketing of the PaaS platform and guide our efforts in attracting partners that service the young upcoming entrepreneurs in this and other exciting new drivers of SMB growth. Similarly, the lessons of the O2O trial in Hong Kong, have and will continue to benefit the development of the advanced logistical and transactional components that differentiate our platform from the stand alone DIY App builders that CreateApp has competed with historically.
The Company is also pleased to report that its 2017 e-wallet initiative, AtozPay, has surpassed expectations since its launch, achieving stronger than anticipated customer traction with limited marketing expense. With the AtozPay e-wallet, the Company created a ‘consumer facing’ product offering that supports the PaaS strategy developed by the enhancements to the CreateApp platform and enables Weyland to drive higher monetization on those platforms by providing payments capabilities.
AtoZPay is designed to be a robust, universal payment platform therefore its growth is not limited to the Company’s PaaS customers alone.
In management’s view, the recent acquisition offer from DinPay did not fairly compensate the shareholders for the value being created with Atozpay. Therefore, instead of a sale of the Company, to maximize the independent growth of AtozPay and consequently shareholder value, management has begun the process to spin-off the e-wallet business via a special dividend.
This effort is intended to boost shareholder value by creating a ‘stand-alone’ vehicle for the fast growing global e-money/e-wallet industry. Private and public transactions in the e-money/e-wallet industry in South East Asia are growing more frequent with valuations that would represent substantial value creation for existing shareholders.
While additional details will be released over the coming months, it is the Company’s belief that the spin-off and a subsequent IPO of the e-wallet business can be completed by the end of fiscal 2018.
Large institutional firms approached to discuss financing the e-wallets growth consistently recommended the Company focus on revenue production of developed platforms. Our existing PaaS partners expressed a similar desire to focus on expanding those platforms with us. Management agrees that by focusing on the PaaS platform and the e-wallet business, the Company has the ability to grow at a more rapid pace as well as exploit the Company’s advantages in those markets together with our partners.
Finally, the Company continues to be interested in bringing blockchain technology to our PaaS platforms and e-wallet technologies where appropriate, however due to regulatory considerations that could hinder the growth of AtozPay the Company will not be moving forward with Tokes Platform at this time, and will instead focus on growing e-wallet transaction volume and gaining share of our e-wallet in our markets.
We look forward to providing additional information as the Company continues to grow.
About Weyland Tech Inc.
Weyland Tech's CreateApp platform is focused on the Asia markets. Our CreateApp platform offered in 14 languages, enables small and medium sized businesses ("SMB's") to create native mobile applications ("APP") for Apple's iOS and Google Android without technical knowledge or background. Empowering SMB's to increase sales, reach more customers and promote their products and services via simple easy to build mobile APPs in an affordable and cost-effective manner.
Great News!! Awesome more Revenues coming in!! Stock way Too CHEAP! IMO!!
Surge Holdings Inc. Announces Nationwide Launch of SurgePhone Wireless
By GlobeNewswire, April 24, 2018, 09:23:00 AM EDT
Plans start at $10 a month
Las Vegas, April 24, 2018 (GLOBE NEWSWIRE) -- Surge Holdings, Inc. (OTCQB:SURG) a company with wholly owned subsidiaries in Telecommunications, Blockchain FinTech Software, Social Media Marketing and Cryptocurrency Mining, announced today the nationwide launch of the SurgePhone Wireless.
"We utilized our data from hundreds of millions of dollars in transactions to create the three most popular plans by demand in the country. We then cut costs by leveraging our control of the marketing, distribution and payments to offer each of these plans at prices 15% - 40% lower than our competitors," said Brian Cox, CEO of Surge Holdings Inc.
SurgePhone has simplified the wireless headache by giving customers the option to choose a package that fits their needs and budget. Simply priced at $10, $20 and $30, these plans are available now at www.surgephone.com.
"Considering our existing infrastructure is already servicing 60,000 wireless customers, we will be able to rapidly scale without additional personnel or operational infrastructure. SurgePhone Wireless will be available online and exclusively through merchants in our SurgePays network," added Cox.
For more information on Surge Holdings, go to SurgeHoldings.com and subscribe to the Instant News Alerts in addition to real-time Company information and market updates, news, blogs, investor relations materials, and more.
Follow us on twitter @surgeholdings, like us on Facebook @surgeholdingsinc.
ABOUT SURGE HOLDINGS, INC.
Surge Holdings a publicly traded company that wholly owns subsidiaries in rapid growth, reoccurring revenue and high valuation technology sectors. Current holdings include Telecommunications, Blockchain FinTech Software, Social Media Marketing and Cryptocurrency Asset Mining subsidiaries.
He Safe unlike any of the shareholders of this stock! Buyer Beware!