Cuentas Inc (CUEN)

[Femto99]

I thought the new shares are for acquisition, they probably will not hit the market in soon future. I would say the current price reaction is to the 1:100 or 1:300 RS, it is quite steep. But the >50m revenue from 2017 is also quite astonishing for a penny stock.
We just do not know when the RS will be completely phased in.

In March 2018, NGH entered into a Letter of Intent (LOI) with Cima Group (Cima), a global digital solutions provider and integrator, to acquire technology platforms from Cima's subsidiary companies Auris and Knetik, in exchange for a 25 percent equity stake in NGH based on a 50 Million Dollar valuation. We believe we have developed a leaner, more effective leadership and operational team with strong experiences in having successfully built software services and connection platforms. This will result in value creation for shareholders. We have streamlined our operations and processes and have seen the net positive effects throughout 2017.