Replies to post #106922 on Cuentas Inc (CUEN)

[Arthur]

It's not a pump-and-dump, just a crooked business.
Next Group always announces acquisitions, or is always about to launch a payment card,
but the acquisitions are always no-cash affairs, and none of the payment cards actually launches.
Sometimes they are resold to the same entity they acquired it from.

The only "business" that provides NXGH with revenue is Tel3, which NXGH acquired for... $10.

The LimeCom deal is full of red flags, especially the huge rescission clause.
If for several reasons LimeCom fails to perform adequately, the whole deal will be rescinded, and LimeCom previous owners regain ownership.
Also, any profits that LimeCom happens to generate will stay with LimeCom.
Also, LimeCom current directors and operators will continue to operate it, as if the was no change of ownership.
Also, LimeCom is loaning money to NextGroup Holdings, which acquired it (for nothing). This makes no economic sense.

Basically, NXGH is renting the ownership of an Italian telco, to appear to be a legit business for the next 9 months.

The 10-K this year is likely to be late, again, because Next Group fired its auditing firm, again.