Moon Equity Holdings Corp (MONI)

[StocksGoneWild]

OTC STOCKS #4 MONI

Moon Equity Holdings Corp is a Pink Current stock that is trying to recover from a multi-month bearish trend that started in July last year at over $0.13. Today, the stock is trading close to two pennies, up 125% during the last five trading days alone.

The $11 million is focused on acquiring companies in fintech. MONI recently acquired the BitGift platform which is focused on crypto, NFTs, blockchain, and DeFi.

Last week, MONI released a corporate update. The company said that it had hired a new Transfer Agent. In mid-April, MONI canceled 2.12 billion of its common shares and subsequently canceled an additional 220 million common shares. The company then reduced its authorized shares down from 1 billion to 750 million. The latest moves led to a great share structure, as the AS are almost maxed out.

The company said that its Peruvian Mining deals with Royal Sovereign Costino and Minera Radiante SAC were canceled. This was mainly due to unsatisfactory Legal and Compliance requirements identified in its final review. The PCAOB Auditors were unable to validate the properties located in Peru according to SEC requirements. The MONI business strategy was updated earlier this year to focus on fintech and crypto.

The company is now focusing on its new subsidiary BitGift, which recently contracted a major company serving over 100,000 merchants globally with over 1 million wallet users. The contracted partner is active worldwide in 190 countries and completed over $10 Billion in crypto payments since 2013. Further details will be made available after the launch of BitGift.

MONI seems to be a decent investment opportunity, but it all depends on whether BitGift is a genuine product that can maintain its competitiveness after the launch. We still don’t know much about it. Thus, more details about MONI will be available next month when BitGift is scheduled to go live.

https://insiderfinancial.com/4-otc-stocks-on-the-move-nwbo-fern-hdup-moni/183176/