MoneyOnMobile Inc (MOMT)

[Profit Trader]

The closing price on 8/22: $5.85

Then after hours on 8/22, the following PR was released:
https://www.otcmarkets.com/stock/MOMT/news/MoneyOnMobile-Announces-Termination-of-Rights-Offering?id=201730

People panic and sold, thus dropping the pps

Now there will be a major court hearing being held on October 4th (this Thursday)

Info on the court case:
Company PR: https://www.accesswire.com/511992/Open-Letter-to-Friends-and-Shareholders-of-MoneyOnMobile-MOMT
Video Explaining the PR:

Video Explaining the Case:

Fraud Allegations At MoneyOnMobile; More details by @ShantanuBTVI pic.twitter.com/TJr7z7cGiy

— BTVI Live (@BTVI) September 4, 2018

Imo, the court should vote in favor of the company as it is a no brained case. The price should return to previous levels.

Stock Price History:
https://www.nasdaq.com/symbol/momt/historical

Stock Info:
Float: ~4 million
Market Cap: Only ~2.7 million
No dilution!