Correct! UBA will give us that case study as UBA tested this process every which way. Its now live and will grow user adaption in the coming qtrs. Bank 2 coming on board soon and will further enhance our portfolio.
Look for India biz next. Then in the U.S. IMO!
The blow hards here are on the take looking to scam shares from MEC.
Whatever real estate issue there is, its minuscule to what the Seergate deal Ed made which was brilliant move!
So viable options to a receiver likely exist easily, likely needing only a good faith presentation of intent to pursue. There can be shown no apparent intent to not pursue one or more, given what MEC was doing, and then announced. There may even be sudden settlement basis able to be shown.
UBA is the REAL deal. The real estate sideshow is a sick attempt to harm the CEO and shareholders. I've seen many extreme tactics during my years trading penny stocks. Ethically and morally, I place this one near the bottom of the barrel.
Ed is not the first executive in the world to protect assets with the help of estate planning attorneys and Certified Financial Planners. His assets include his patent.
If the real estate conspirators would read the audited filings, they might begin to comprehend why the CEO says the company doesn't own the real estate. The name on Deeds is not always the owner of the property/trust. Many know this to be true. Yet, we see plastered images of deeds as if they are evidence of wrongdoing.
Here is an excerpt from the Form 10-12/GA.
"We are an "emerging growth company" as that term is used in the Jumpstart Our Business Startups Act of 2012 and, as such, have elected to comply with certain reduced public company reporting requirements for this registration statement and future filings.
As a company with less than $1.0 billion in revenue during our most recently completed fiscal year, we qualify as an "emerging growth company" as defined in Section 2(a) of the Securities Act of 1933, as amended, which we refer to as the Securities Act, as modified by the Jumpstart Our Business Startups Act of 2012, or the JOBS Act. As an emerging growth company, we may take advantage of specified reduced disclosure and other requirements that are otherwise applicable, in general, to public companies that are not emerging growth companies. These provisions include:
· Reduced disclosure about our executive compensation arrangements; · No non-binding shareholder advisory votes on executive compensation or golden parachute arrangements; · Exemption from the auditor attestation requirement in the assessment of our internal control over financial reporting; and · Reduced disclosure of financial information in this registration statement, including two years of audited financial information and two years of selected financial information.
We may take advantage of these exemptions for up to five years or such earlier time that we are no longer an emerging growth company.
We would cease to be an emerging growth company if we have more than $1.0 billion in annual revenues as of the end of a fiscal year, if we are deemed to be a large-accelerated filer under the rules of the Securities and Exchange Commission, or if we issue more than $1.0 billion of non-convertible debt over a three-year-period."