Cuentas Inc (CUEN)

[doogdilinger]

There's definitely a ton of intriguing nuggets of information in todays news that sure appear to be leading to NXGH completing the Limecom acquisition soon and making Limecom a wholly owned subsidiary of NXGH>>>

On October 10, 2017, Limecom co-signed a letter with NXGH confirming its agreement as of October 9, 2017 to lend the Company an aggregate sum of $513,872 paid over a period of eight months as a guarantee of available funds to repay the three major convertible noteholders as agreed on October 9, 2017. Although it was expected that Limecom would be a wholly-owned subsidiary of NXGH, the Company and major convertible noteholders agreed that the promised funds would need to be available in the event the acquisition was not completed for any reason, at which time, Limecom would be repaid in cash and/or shares of common stock in NXGH.

"Completing these important steps for the acquisition of Limecom as a subsidiary of NXGH will augment the future potential of the enhanced Company," said Orlando Taddeo, Limecom Founder and CEO. "The telecommunications industry is under financial pressure and joining forces with NXGH and its subsidiary, NEXT CALA, with its Mobile Banking products, is a smart decision that will benefit Limecom and all segments of Next Group Holdings, Inc.," added Taddeo.