Friday, November 24, 2017 11:59:56 AM
The Issuer has however taken steps toward upgrading the Company from the OTC Pink Sheets to the OTCQB. In doing so, the Company will look to use the Form 10 filing as the method of upgrade. The Company has also created a class of preferred shares to (i) complete a debt-to-equity swap with the largest toxic convertible debtholder, who during
June 2016, entered into a settlement agreement and forgave $3,364,217.23 in debt, allowing the Company to immediately extinguish that debt obligation, and, (ii) support the Company’s intended capital raise of up to $3,500,000. This raise will ultimately lead to a reorganization of the Company to which the Issuer intends on offering dividends to all
eligible common shareholders. As of July 20, 2017, the above debt has been extinguished and the Company remains on-track to upgrade to a more transparent stock exchange.
Upon launching Meso Numismatics, the venture was originally considered a low-cost marketing tool, to target a specific group of travelers to the Latin American Region, Numismatic Tourists – or Numismatourist. Management discovered that the cost of operating this marketing plan, resulted in unexpected growth potential. Weighed against the high cost of growing the online booking business and the significant amount of capital needed to cover those costs, Meso Numismatics quickly became the Company’s core venture. Since then, Meso Numismatics has continued to generate significant revenues with continual, month-over-month gains.
Management will undertake a three-stage approach to its additional technology and development costs. The initial stage will cost approximately $45,000, the second stage will cost approximately
$100,000 with the third stage, consisting primarily of marketing, will cost upward of $500,000. The Company has already secured the needed capital for the initial stage of the launch and rollout. The Company intends to raise the majority of the remaining capital required through private placements.
Recent MSSV News
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