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Correct since rules were properly applied. Judicial corroboration apparently exists many months ago. No assumptions need to be made. There is record of a lawsuit dismissed, entirely. Anyone knows that corporate by-laws, lots of other evidence, Special Purpose Entity, and other kinds of concepts come into play, all lawful. They are mostly known to the parties involved. No one on IHUB appears to have been a party involved. That was also a problem in the referenced case dismissed. I myself was not involved. It is not shown that anyone IHUB was involved.
"Off-Balance-Sheet Financing" happens lawfully. It is a known concept. It is applied by lawyers, accountants, and other professionals who know about the rules and regulations.
Value happens, Off Balance Sheet, with rules and applications of rules. People who are auditors and accountants do that. That is not done on a message board, just speaking generally.
So Lawfully & Accurately are equal.
Lawful assets accounting is different from revenue and expenses accounting--the latter pursuant to IRS rules. Accountants have customary and lawful methods for keeping assets off and on any reports. IRS has customary and lawful methods for reviewing what it wants reported. Likely anyone goes with the filed reports of revenues and expenses.
Revenues report is filed at SEC, cited. Accountants have access to records themselves.
$1,682,933.00 Revs in 6/6/2016 10-K alone, looks like ever, just a while ago(?).
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We had revenue from continuing operations in December 31, 2015 of $730,777, compared to $952,156 in 2014. _____________________________________
California Superior Courts also need MEC-powered devices, more than before. They are under budgetary pressure from the pension-funding crisis. The pensions are under-funded. Every California Court probably needs the fine-paying gizmo, powered by MEC's device. They are already in place in at least two counties, creating interest in all the other counties--even where the flood is having to be prevented.
Positive Emailmoni review again, no complaints anywhere. One app does not create just one item, but creates more likely increasing recurring items.
September 2016, revenues, below.
https://www.facebook.com/myecheckinc/
Revenue likely increased since September, 2016, when this report, below, appeared at the MYEC Facebook page. Besides the increase of items processed, there is likely revenue from licensing or other similar sources. It is noted that financials are actually expected, not so far filed. It is also likely that there will be overall revenues reporting even when those happen, against overall expenses. Africa has not been reported at all in previous filings. it is not expected that client by client results will be included.
Stock was upgraded in just last year of those years. Current new client did impose scope creep last year, and so now there are easily two new clients this year. They are not just confined to North America. They include prestige North American users, through operational agreements, directly with the offering clients. That is actually not hard to understand.
US Operations will be in quarterly reports, on the way. Some clients have public sector clients they service through their operations. They are well known, California Superior Courts, for example--in prestige locations such as Beverly Hills. The transactions reporting was showing increases through end of summer, when attention turned to Africa for now pending news and reporting.
Marketing emailmoni has not started, and google play review, dated today, says app downloaded but can't use it yet. There appears to be a bank-wide IT upgrade under way, which may likely now be said to include emailmoni. The completed upgrade is more also likely to be completed, after February 8, 2017(?), since appears not to have been today(?). So there is corroboration of what appears on the MEC Facebook, from MEC, below.
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We see growth, however it has been slower than I expected because UBA have not yet promoted the system. We are still working with connections to other systems such as U-Mobile that enable greater access to eMailMoni, then I believe it will be marketed intensely. There is a new user quota for March which is significantly higher than our current user base, that's a really good sign.
UBA Group Major IT Upgrade Under Way, apparently. At least two group Facebook posts allude to a three-day problem, so far. The continuing replies are to other apps, not including Emailmoni, in the interim. New "Covenience" banking may be in the offing, using the so-far not disparaged: Emailmoni app.
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"Hello please fix your U. Mobile app for online banking because it has refused to work for about 3days now I can't make transfer....
Deepening the Bank 1 Mystery Rollout is all the Facebook posts about all the upgrades and glitches with the main bank mobile app.
Nigeria has millions of people with email. No complaints appear anywhere about the Emailmoni product, using email. Not much news even generally appears about it, even. Seergate had posted that maybe billboards are going to occur.
Maybe, likely, the other product has to be fixed first(?). Maybe the other product is being re-integrated with the new Emailmoni product? They are all supposed to work the new credit card program.
Nigeria generally likely has oil money, again--cushioning the effect of the government's anti-corruption campaign: In a recession(?)!
Just possibly all these matters are related(?).
The subsidiaries may have announcements, too(?). 100 high-tech companies, in the United States, may also seek more travel-friendly nations in which to relocate. . .maybe an Australia, near to New Zealand(?), for example.
MEC has cash and reportable news. Some nature of event must be in the offing. New clients happen, for example, when people know that a viable product, even exists. There is the giant, unexplained UBA email announcement to explain, even.
Patent Approval a 50% bump at minimum, according to a most recent review elsewhere linked. More was also suggested in the same review, double or more. There may also be news of the January presentations to various companies.
Again, no paid promotions even, going back months(?). Likely a good sign all by itself.
Filings & News Probability more, with all the widely not-noted events now having been shown(?). There is news from Nigeria, news on the MECINCORP Facebook page, and for some reason a "case study" about UBA bank at the website. There are no filings or PR releases. There seem to be UBA Bank app holders, no complaints at UBA Facebook, or at the app stores. If there are now more corporate users, then there is a basis for lots of transactions reporting. It is the likelihood of no further filings or news that tends to zero. Further noted is the lack of any paid promotions, going back months.
DA's Fabricated Posts Disclaimer: Innocence. "Please Note: Arrests are made based upon probable cause. All are entitled to the presumption of innocence until proven guilty in a court of law." The El Dorado District Attorney apparently takes other people's word, posts them, and assigns probably cause. Possibly they even get sold to a Fake News Site(?), also possibly by someone else. He apparently is at odds with the legislature on one or more other matters.
FBI emails news turned out to baseless, noted worldwide.
Old irrelevant news are distractions not worth pursuing. There are multi-faceted outcomes, and likely multi-faceted explanations.
Lawyer Facebook with fees says it all.
Legislatures Do Business, CEO Does Business(?)! Credibility is not always online.
There is no corroboration of any outcome. There are lots of Facebook posts, in any veracity-motivated post, about MEC on-going affairs.
Arrest links are easily not credible. Fake News mugshot sites are also being investigated in several states, compared to tabloid press announcements about the martians, and so on. Everyone else cites the MECINCORP Posts.
Emailmoni maybe in test marketing mode? There are now 53 Google Play reviews. There had been the announcements in October, referring to an interactive meeting. December, 2015 CEO had indicated test marketing would start in one service area, and then expand. Then there are the recent MECINCORP Facebook presentations? Maybe someone knows something soon, in our new age of information technology? A launch now in need of a rollout?
"Email moni is for individuals who desire convenience"
— UBA Group (@UBAGroup) October 18, 2016
New initiatives discussed at the interactive media session.
Fake news "Pump & Dump" filings language also possible inference. MEC and CEO "facts" are not from reliable sources. MEC makes reportable news from reliable sources: Shown all over. Even SEC filings have happened, and are allegedly in progress.
Fake News mugshot sites are also being investigated in several states, compared to tabloid press announcements about the martians, and so on.
No Emailmoni complaints on UBA FB appear. There are reports of app downloads, favorable reviews, and MEC Facebook, (FB), reports of refinancing, business divestiture with net income, and possible new clients. That is actually a lot of new not being reported, however. Likely someone, somewhere, knows something(?). Whoever does the MEC Facebook posts should suggest to MEC management that other people need to see transparency, too.
The UBA transaction count is "A lot," most likely. The Original UBA Emailmoni launch was noted last October. This below was online last October. A major transition was being implemented, entirely secure, to digital identity. Initially it was shown to be available in any UBA branch. Originally it was noted that email addresses were easier to work with than account numbers. Probably individuals or business are more easily identified. Any new hyper-ingenuity with customers using Emailmoni has likely already happened, starting with them. MEC likely needs to do multiple news events to explain if that is so, and what else has been done, and what else is happening. Anyone might guess that "A lot" of news events and filings will be needed. Those can create awareness beyond the current shareholder base.
Nigerians use apps and gave internet access, but maybe at 30% of population. For many, that may be mainly email use only, possibly. Facebook can be used to get emailmoni. Customers use the UBA Facebook, a lot. Anyone can see that everyday.
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In order to meet the increasing demand of bank customers, banks have come up with new technology solutions that are not only making financial transactions easier, but also making them secured. The latest technology innovation and deployment from UBA, is ‘Email Moni’, which allows people to send money to customers’ email accounts, which is quite different from sending money to customers’ bank accounts. Announcing the innovation, Adedeji said it is easier to know people’s email addresses than bank account numbers, and this makes it a lot easier to transfer money to several email accounts at the same time, thus reaching out to more people digitally.
“We have launched ‘Email Moni’ officially and it is available in any UBA branch. People can actually send money via internet banking directly to the email account of someone. So people can do multiple money transfers to several email addresses and they receive it as financial figures on their emails. The platform also allows people to request for money from someone, other than sending money to someone. If money is requested, the person has the option to accept the request or decline it. Once it is accepted, the exact amount requested is debited from the account and sent via email to the address where the request came from.
So money could be sent to several people at the same time. What people need do is to enroll for the service and attach their bank accounts,” Adedeji said. According to him, UBA is using digital identity to replace account numbers. The system has been tested and it is safe.
“Transaction limit with ‘Email Moni’ for individuals is N20,000 per transaction per day, with one time password, which could be increased to N2 million upon request by the customer. But for corporate accounts, there is no limit to transaction. Again, people do not need to have bank account with UBA in order to use the ‘Email Moni’ platform,” Adedeji added.
New funding indicates functional activity, likely filings, and PR about them.
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"The company has received $400,000 in cash funding and additional investment restructuring $1.3 million of convertible debt."
No filings is zero ability for assessments of current condition. Facebook posts would be said a basis, on which to rely, about on-going operations. Those seem to be on-going, if murky. Start-ups do create new requirements of time and attention. The original disclosure of the actual Africa Bank was murky for 18 months, probably allowing time for the relationship to happen, and become announced.
"What's Happening" question also appears on MEC Facebook as a recent question of management. Likely a state of readiness has happened, instead of anything on-going or happening(?) at UBA. The question was not deleted, so an answer could be expected.
Marketing Security, getting tested, could further explain why Facebook postings appear. I myself get these, for example, which explains why I myself do not have the promised rocket ships, Rolls Royce Bently's, deeds to the diamond mines, or bank deposits, straight to my account(?). Can you see the sales pitch included in the selection process, benefiting. . . .(?)!
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The selection process was carried out through random selection in our computerized email selection system (ESS) from a database of over 250,000 email addresses drawn from all the continents of the world which you were selected.
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Eat At Joe's, maybe, anywhere near you(?)!
We do know that the bank is of origins, in Nigeria(?)
Emailmoni prototype only posted, likely, for marketing evaluation or testing. Neither MECINCORP, nor Emailmoni, at the Facebook postings: Offer explanation of why what is seen is posted. There is no timeline, no launch date, and no explanation of targeted apps. It even got modified, since the original posts: On both the Emaimoni and the mec facebooks. It would appear to be an electronic testing posting, and information that something is being done.
Marketing Likely not started yet. Africa Updates were promised last month in a, "When they could be made available" timeframe. That was in the coming weeks. First there was the format posted. Later on the UBA logo was added to the posted format. There was no explanation of either posting. Two comments were on the MEC Facebook page, and two on the Emailmoni Facebook page. Neither was about an announcement of any start of the process. There are no comments on the UBA Facebook page about any process started, or under way.
MEC rocket ships not reported exploding on the launch pads: Could be interpreted a sign of progress(?). There are allegations of hidden assets, or undisclosed assets?