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"The initial loan amount under the EB-5 program will be for a minimum of Ten Million Dollars ($10,000,000) and a maximum of Forty Nine Million Dollars ($49,000,000)."
Sounds like very good news to me!
http://finance.yahoo.com/news/fonu2-announces-engagement-lexden-capital-132311645.html?.tsrc=applewf
Agreed, the countdown to lift off has begun! Financing will be announced, Applebox deal will close and a Yellow distribution deal are all imminent. FONU$
Nice green day looking forward to many more to come! FONU$
Lol, make sure you don't get left behind when financing news hits. Tiny float FONU will soon fly! FONU$
FONU Info to Be Made Avail in the S&P Capital IQ Market Access Program
http://fonu2.com/category/press-releases/
FONU has made tremendous progress and is on track to build the access road, the Storage buildings for the Apple box equipment and maybe even the Studioplex. Yet many of us are blinded by MDNT baggage - Manu's destruction of shareholder value. If Jake announces bank financing for construction then we will all be much more enthusiastic IMO! FONU$
It's possible that there was a whale siting!
Would Jake personally guarantee a million dollar note to purchase Applebox if he didn't believe he could get financing for the studioplex? This purchase means additional permanent jobs, immediate cash flow for the company. IMO the possibility of securing financing for the studio has improved because the company will now have a steady cash-flow to reassure banks that they have a means to pay the loan.
"FONU2, Inc. ("FONU2") announced that it has signed definitive agreements to acquire Applebox Productions...The seller-financing note is both corporately guaranteed and personally guaranteed by Mr. Jake Shapiro, Chairman of the Board of FONU2. Closing is expected to take place within the next six weeks."
http://www.otcmarkets.com/stock/FONU/news
It's simple, the good doctor is illustrating the huge demand for film equipment rental in the area. FONU will soon be cashing in on that demand through its purchase of Applebox - $1.6M worth of filming equipment. So it kinda has a lot to do with FONU$
http://fonu2.com/2015/03/31/fonu2-inc-announces-definitive-agreement-signed-to-acquire-applebox-productions-production-equipment/
You know what I meant, lol. A YELLOW press release might be cooking on the FONU$ stove. Yellow split pea soup is my favourite though Lol
Maybe a big pot of YELLOW PR soup? Mm mm, my favourite! FONU$
Looks like things are starting to heat up! FONU$
Great news! FONU$
Oh no are you saying Jake didn't put money in his pocket he sold shares to build warehouses to store filming equipment that will in turn generate immediate cash flow for the company? That's awful! This means the banks might even view FONU differently. Jake has changed the company's business model! Now income can be projected! The odds of securing financing for the Studioplex just went through the roof! Yes I agree with you for now Jake is a very very bad man - at least until I've loaded up on some more 2s ;)
Lol, it works out to .00333 x the number of MDNT shares you own. CM
FONU Share Dividend Calculation:
10 million FONU shares divided by 3 billion MDNT shares multiplied by the number of MDNT shares that you own will give you the approximate number of FONU shares you will receive. Since it takes 90 to 120 days to register the shares with the SEC we should receive them sometime between mid May and the end of June. This is imo. GLTU!
http://ih.advfn.com/p.php?pid=nmona&article=65467985
Form 4 out. Looks like Joseph Giamichael invested $30,000 here back in 12/13/2013. Perhaps the lawyers are tallying up who owns what to determine the FONU share distribution & uncovering missed filings in the process.
I found this research on OTC MMs & T-trades very interesting. It shows the freedom they have to do trades throughout the day at prices of their own choosing and then report them at the end of the day as one trade, reflecting only an average price. Imo the SEC needs to tighten up the rules to create a more level playing field.
Click here to read it for yourself.
Jake confirms that the first sound stages will be fully operational by November or December in the interview. Let’s see some financing Jake to make this happen. FONU$
I would take the Doc’s tweets at face value. Imo to imply that he is panicking is reading too much into what he is saying. His investment was in the black, he doubled down and now he is in the red again with roughly 8 million shares. Wouldn’t you be upset in his situation? He was told 8 cents was a good price and now it’s at 2! He is calling for Jake, Graham & Alice to step up & buy the stock . I agree, if they can’t put out some solid news of progress right now, at the very least they should be put out a form 3 to prove that they believe the stock is undervalued. FONU$
SPVs are complex structures that take lawyers a lot of time and effort to put together. If FONU creates a SPV & keeps 99% of the profits, do you think Jake owns the SPV? Not likely. I don't understand the ins and outs of SPVs, but if you want to research them and explain them to me it would be much appreciated :) FONU$
"Buy on the rumor!" If this old investor saying is true now is the time to buy! Rumours are flying today ;)
I think he's slappin the ask at these prices ;) He did buy those 3 million common shares before he become CEO at Moon River last year. FONU$
I signed up for emails many months ago and received nothing. I signed up a second time and still nothing. Soon after Moon River was purchased by FONU I also started getting emails. It’s nice to be involved with a company that makes sure their email distribution system is functioning. FONU$
IMO $10 is viewed as moving into a respectable price range = more investors will climb aboard the MTG$ train.
YESSSSSSSSSSSSSS$$$$$$$$MTG$
Has anyone called the Transfer Agent to find out the current OS?
Mr. Jake Shapiro will remain as the CEO, CFO, secretary and sole director until such time as the registrant has been successfully delisted. At that point, he intends to resign from all positions. He will remain as an administrator to handle all monetary distributions to shareholders and to wind up the company.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10524131
So true, there is a lot riding on the team being able to produce financing Let's see what happens at the Capitol Expo. I'm still hoping for an announcement about the release of Yellow before the expo. IMO this would give Jake the perfect set up to hit the ball out of the park in Las Vegas. FONU$
Jake can be reached through FONU now that the Moon River name & Branding have been sold to FONU2. Check out the new FONU website, it highlights Moon River Studios. FONU$ http://fonu2.com/
I was looking into the company a couple of years ago. They had a pretty impressive website at the time. I liked how they were converting organic waste to diesel fuel. Their facilities were in Cambridge, not far from where I live. CM
“We expect this to be an immediate cash flow generator for the company, and view this acquisition as a major milestone not only for us, but our shareholders as well.” - Shapiro
http://businessinsavannah.com/bis/2015-04-01/moon-river-acquires-movie-making-equipment
FONU has a new source of cash flow in the works! In mid May when the Applebox deal closes FONU will be the primary local supplier of film equipment. Local film producer Yusuf has already expressed his excitement about the prospect of being able rent equipment "immediately" for features in Savannah. IMO a very smart business decision & further evidence that the company is serious about keeping dilution to a minimum. FONU$
https://twitter.com/yusufhameed/status/583062836626255872
http://www.marketwired.com/press-release/fonu2-inc-announces-definitive-agreement-signed-acquire-applebox-productions-production-otc-pink-fonu-2005207.htm
Jake has a new and more immediate source of cash flow in the works. When the Applebox deal closes FONU will be the primary local supplier of film equipment. Local film producer Yusuf has already expressed his excitement about the prospect of being able rent equipment immediately for features in Savannah. FONU$
https://twitter.com/yusufhameed/status/583062836626255872
http://www.marketwired.com/press-release/fonu2-inc-announces-definitive-agreement-signed-acquire-applebox-productions-production-otc-pink-fonu-2005207.htm
Does the company still have an office in Chambridge Ontario Canada?
It can take from 3 to 10 days for Google Wallet to process a money transfer within it's app. Their services will be greatly improved when they finally embrace Check 21 and partner up with MYEC$