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Correct, they usually kill themselves!
Negativity does not kill companies.
Did you hear a death rattle? This is a phenomenon that occurs when death is near.
woah... CMEY suddenly had a pulse few days ago??!
Was that implodes or explodes?
Neither option sounds good unless the explodes is to the upside!
CMEY's volume explodes today!!! Over 400,000 shares of a supposedly dead company were traded today. For a dead company, somebody must think CMEY is worth something. Could this volume be a sign that somebody knows something is in the works for CMEY? Will the company come back to life? Will a MM be willing to take on CMEY? I don't know the answers to these questions but I am willing to wait and see what happens. Go CMEY!
FYSA the website has been down for weeks. Happy Trading this week everyone! Still hope I was wrong about cMoney for your all's sake.
cMoney's Website Still Offline
Is it any surprise that they missed another one of their own deadlines? Oh, maybe they meant 48 business hours and the entire weekend was not included in their estimate?
http://www.cmoney.com
Perhaps not...
I would prefer that cMoney get all its nuts in a line before dealing with the squirrels.
SEC inquiry/investigation completion.
Filing with OTC Markets.
Filing of SEC Form S-1.
Financing for roll-out.
Website modifications and Prep.
Will the cMoney website be back online within 48 hours?
We will know shortly as time is running out! My count down has started from the time I discovered the issue but I believe it was down prior to my post on Saturday, June 16, 2012 4:36:05 AM.
I researched and discovered that cMoney never had a physical office in the same building as US Dataworks yet it was listed as such on their SEC filings. Are you saying that US Dataworks allowed cMoney to use their mailing address as a part of a good working relationship?
Bouncing checks - I use this term to describe cMoney's failure to follow through with their agreement with US Dataworks. These incidents seem to be a characteristic and illustrate the overall character of this company's culture.
Oh and bouncing checks can be traced back to the patent author but hey what do I know.
Nice of you to skirt the questions of your DD.
USDataworks and cMoney had a good working relationship at the time of their engagement, and does not now use that core suite, perhaps you knew that? That is the reason for the similar address?
Could you address your accusation of criminal wrong doing, where did you get the information that cMoney had written bad checks.
Could the website be now under modification for roll out?
We would like to help you, but why the dislike of cMoney?
cMoney Website Is Experiencing Temporary Technical Difficulties- We anticipate this problem will be resolved witin (48) hours. Thank you for your understanding and always you can contact cMoney representatives at contactus@cmoney.com?
Basically the entire deal was DOA
US Dataworks recorded the deal as booked then had to back it out of the financials after payment was not received. The chief accounting guy at the time then left.
Did you know that cMoney used an address almost identical to US Dataworks for a year plus on their SEC filings. Very strange!
Show us the DD...
Usually a shareholder would not negatively point out items and issues like these...
Where has your DD led you to believe these things, as my DD does not reflect any where the name of Jennifer's father on the Patents, so we challenge you to provide this information, so we can all see and evaluate it.
USDataworks on one 10K said the debt was not paid, and on the next 10Q it does not list it as a debt receivable, so where are you getting that information? Does that mean it was not paid?
How do you know the check bounced? Did CMoney tell you that. Or Dataworks? Maybe the bank told you or the Chairman of the Federal Reserve Bank.
cMoney Failed to Pay US Dataworks
The deal was signed just over a year ago and the check bounced. Do more due-diligence. Oh and the patent is actually owned by Mr. Dennis Joe Pharris who is Jennifer's father.
Enjoy!
cMoney appeared close to roll out just prior to the SEC action, and just prior to that, they raised 2 million usd from a private investor, whom I assume knew just how ready the product was. There is lots of public knowledge from the current management and IR to read thru.
Im not sure what you mean, if you have direct knowledge of failure to pay their third party facilitators, please share this insider info with us so we can confirm this. What do you suppose they did with the 2 Million?
Hope we get an update today.
How do you know that the payment technology is ready for release? Have you seen a live demonstration? IMHO it is vaporware in concept form only.
How do you think cMoney can possibly roll out their product if checks to their third party facilitators keep bouncing?
Great, Im thinking along the same lines of thought.
:=)
It's not dead money. It is just hard to sell--but far from impossible. I need to collect a little here and there for another stock. I am still holding CMEY stock--in the off chance that something good develops.
Seems like dead money, huh...
Asked cMoney to provide a Letter to Shareholders, to update us.
Hoping they respond favorably, until then I'm on the fence with additional purchases.
Where are you moving the investment funds to? No need to answer, just curious.
115,000 shares of CMEY for sale at .0035. I want to sell some of my CMEY stock. The shares are listed with Scottrade.
cMoney should attend Expo's like this one...
Sort of lay it on the table and expo development and opportunities...
http://www.mobileasiaexpo.com/
cMoney can. IR?
I received an email from Paul on Friday evening ...
after the market had closed. In response to a number of questions and emails sent prior.
Paul looks now to Jeff of (IR) to respond and inform the common shareholders in behalf of cMoney.
"Thanks for the follow up XXXXXXX, I will let Jeffrey answer on our behalf."
I'm hoping issues of the SEC have been resolved, documents will, or have been filed and we get updated this week.
I assume the issues of the complainant were extensive, as it did stop cMoney in its track on the way to filing the S-1 so, not knowing the full extent of it and what would satisfy SEC, I remain optimistic that it was just a delay in route, and all will be worked out and Jeffery resumes that Marketing Program.
they wanted to have it ascertained by SEC that the information they received are true and accurate.
the sec doesn't do that. what don't you understand about that. the sec does not vett filings. if you think the sec fact checks every filing, then you are mistaken.
I read ti leafs, as they are organic to my location. LOL.
If you are stirring the pot to get cheapies, good try and I wish you success.
I too read deep into the DD prior to investing my funds, and read this board and others too, as it is easy to be mislead by others.
I prefer to share my opinions and give others the choice to interpret the readings as the appear.
Still holding.
Fear, Chris comes in many shades of grey, and therefore one can lose alot depending on how one reads the choices.
An interesting read:
http://www.briansolis.com/2008/12/fear-kills-businesses-dead/
I believe our CEO has his shareholders best interests in mind.
That is a tall order of questions that I'm sure they don't have answers for at all. Additionally, your last line makes the statement. FEAR!
Mission Control, we have problems...
Many of our shareholders have questions, you have not addressed.
What is it that you are awaiting of the SEC...
Are you trying to merge with Global 1 Enterprises? That would make sense now that the tech/Product is now ready for release...
I wondered why the the lending entities have not given you all you would need to get to roll out, and have long ago budgeted for...
Is Global 1 Enterprises squeezing you for more now that the product is now ready?
Just fun with theory and awaiting your updates.
History is gone, and can't be changed.
Where is our S-1? Don't let fear get in the way of your Success.
As stated previously...
Info can be found here:
http://www.global1enterprises.com/FAQs.aspx
Straight from the website
is awaiting SEC approval
there is no such thing as "sec approval".
why don't they sell the company?
because the tech is outdated and inoperable. no company wants to buy this garbage.
Whoa, lets not spin out of emotional control... LOL.
Jennie, if I may owns the patent rights, cMoney has rights to use said patent, develop the tech and use the patent, and developed tech.
So, therefore cmoney, Inc. is the legal owner of the tech, and can use, lease and sell during the period of leased patent use, and I may add, renegotiate terms of its use....etc, etc.
cMoney is in good hands with Paul, I believe and is awaiting SEC approval of a number of approaches to the SEC Inquiry, and then release the PRs that IR speaks of and the hold up is at the SEC level... Paul has always been open with shareholders in the past, so ... think rationally.
Just my perspective of possibilities.
Like I said take a look at the info I posted to you last night... and the e-mail I got from heritage... I think it is going to be very difficult for cMONEY to find financing for something they don't actually own. 9 months ago there was a lot of promise with partnerships and all and not everything has came to a dead hault. For the others that are still here I hope I wrong for your sake... Again GLTA.
Lovely. Sounds like there is not too much hope for CMEY or our darling Jennifer. lol. ty for the info.
Global1Enterprises.com which is owned by Jennifer Pharris who's business BTW has been revoked by the State of Nevada although her website says they are incorp. there.
I see your point. In effect, they really have nothing to sell. Who owns CMEY technology?
What are they going to sell??? They only have an leased rights to Global1Enterprises.com to use the patents. They don't own them.
What I can't figure out is why don't they sell the company? CMEY has great technology so the consumer would benefit, a sale would benefit the investors, and it is possible management by benefit too. I would sell it so we can all move on to other things.
We have been waiting for SEC approval before distributing the Company’s press release however I believe we have reached an agreement to get the PR distributed this week.
what a total line of b.s..the sec does not approve p.r.s. they also do not allow or disallow p.r.s.. these guys are con men.
Thanks Chris...
I got a similar response and feel they are methodical in their approach to the SEC Issues and roll out.
Can't agree with all of your onion leaf reads, but understand that a quiet, dark company with a CEO whom was given a past history generated by others to work with, is not good for common shareholders at times.
I'll hold longer and still feel that all the time, efforts and money that went into the development of the cMoney product, was for a eventual good ROI, and not just to rob the piggy bank as some have suggested.
Engineering costs and roll out costs more.
Best wishes. Please continue to drive by and give us your reads.
I e-mailed Paul and never got a response back. I e-mailed Jeff and it took an entire week to reply. See below his response:
Management is quiet for a reason?
Hope they are licensing the product, and will report as the cash rolls in...
or they just are not able to roll-out the product in a large way, so they sell it...
Paul is a salesman, as his profile indicated.
Quite for a reason? Are we going to show up on the Facebook Apps list of financial products?
Sent IR Jeff and CEO Paul an email... they have been taking longer to respond in the last two months, but they do.
I see you made a lot of interesting points about CMEY. You did a lot of dd. Thank you for sharing all the info with me and the rest of the board. Good luck my friend.
That closes the books for me with CMEY. After doing some further DD I can see why the SEC has questions. There is a lot of ironing out that needs to happen. Yes I took a very large loss selling it off. However I know it was for the best. Just to help explain some of my DD for others so they may too be informed:
1) If you go to GoDaddy.com and look up cmoney.com and who is registered as the owner of the domain name you will see that Jennifer Pharris owns it. You could say well that it was just an administrative oversight but of you dig further you can also see that the information listed for the domain name registration also matches her other companies domain name registration.
2) So looking further into her other company she talks about the patients that cmoney purchases the right to use them but doesn't state anything else about what is going on with cmoney. Only good things.
3) Pulling back the layers of the onion even more... Look up the pending patients... Jennifer's name is only on one patent all the other patent are in her father's name. There is a lot of fuzziness or grayness about all this.
4) If you look at the companies registration with the state of Nevada it is expected to expire this year in August and if you look at the officers of the company listed Paul and another is listed with what appears to be their home addresses and putting 1 & 2 together it appears they live In the same apartment or condo complex and they are neighbors.
5) The continued fluff replies from heritage and the continued silence of cmoney doesn't stand a strong case.
So in summary, the SEC had legitimate grounds for questioning and i think i actually figured out what those questions were based off my own DD from reasons stated above since the SEC was quite vague in their statement. So I just got out while I could. I only wish the best of luck to everyone else and hope you too verify the information I have presented. If there are any questions about anything above or would like more specifics please feel free to message me and I'll point you in the right direction of all the information that is publicly available.
if you ask me mine is still sitting.
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Moderators |
Moderators Comment: cMoney (CMEY) currently trades in the Grey Market the direct result of a temperary suspension recieved on February 16, 2012 by the U.S. Secruities and Exchange Commission .
A copy is provided here for your review: http://www.otcmarkets.com/stock/CMEY/news/Suspension-of-Trading?id=42467&b=y
OTCMarkets Comments:
Moderators Comment: As the direct result of and until the completion of the inquiry/investgation of U.S. Securities and Exchange Commission cMoney, Inc. has recieved the Caveat Emptor Label of OTCMarkets
OTCMarkets Comments:
Buyer Beware. There is a public interest concern associated with the company, which may include a spam campaign, questionable stock promotion, known investigation of fraudulent activity committed by the company or insiders, regulatory suspensions, or disruptive corporate actions. During the time it is labeled Caveat Emptor, any stock that is not in the Current Information category will also have its quotes blocked onwww.otcmarkets.com.
Moderators Comment: cMoney continues to work through and cooperate with the U.S. Securities and Exchange Commission. Understandbly, until the issues are worked through, cMoney remains committed to its business plan and responsive to the inquiry and corresponds with SEC, here is an update provided by its IR partner and provided on cMoney's Facebook Page :
Hello Everyone, We are cooperating fully with the SEC and have the highest hopes that the investigation concludes as soon as possible. The stock will begin trading again tomorrow on the grey markets. We are working diligently with the SEC, FINRA, and other regulating authorities to return CMEY to the Pink trading platform. Please direct all questions to info@heritagecorporateservices.com.
For more information, visit www.cMoney.com.
Paul Matthews
Chief Executive Officer
(713) 589 5393 x105
pmatthews@cmoney.com
P.O. Box 572022
Houston, Texas 77257
Toll Free: +1 (877) 493-CELL (2355)
Fax: +1 (866) 470-3823
We are seeing an important paradigm shift in the global financial industry. C$ cMoney is at the forefront of cell phone based technologies for the financial services industry, both now and into the future. C$ cMoney is a totally revolutionary product offering a technology that changes the ways in which we live our daily lives. The C$ cMoney concept, developed over the last (4) four years, ensures you, the consumer, of never having again to worry about "Identity Theft or Credit Card Theft".
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_________________________________________________________________________________________________________________________
cMoney Better than Google Wallet!
Press Release from May 31, 2011.
HOUSTON--(BUSINESS WIRE)--cMoney, Inc., is a Houston-based company that is at the forefront of global mobile phone-based payments and money transfers, while using the POS and ATM payment system. The cMoney solution utilizes secure patent pending technology for mobile phone users, retailers, and financial institutions, and continues to innovate and strengthen the cMoney brand globally. In this fast moving mobile to mobile payments market segment, the cMoney solution takes a closer look at the Google Mobile Wallet application and its claims to send money from mobile to mobile. The comparison chart analyzes the cMoney concept versus Google's application on Android and demonstrates exactly why cMoney provides the total solution.
Ongoing Research - Our cMoney solution continues to receive positive feedback from our business and technology developers, shareholders and also consumers. All information in the table below has been gathered by cMoney:
Comparison | cMoney | Google Mobile Wallet | ||||||
Use on all phone handsets? | Absolutely, the cMoney solution is a quick downloadable app. that works on ALL phones. | No, only on Android | ||||||
I have an iPhone, can I use this? | Absolutely, the cMoney solution will be available through iTunes and many other resources. | No, iPhone does not run Android and all iPhones must be updated to include the NFC chip. | ||||||
Banking partners? | Potentially all banks globally | Only one bank | ||||||
Credit cards? | Potentially all credit/debit cards you carry. | Only one credit card provider and not Visa | ||||||
Merchants POS? | Can use cMoney Solution with CURRENT POS hardware, without costly upgrades. | Installation of costly hardware before using | ||||||
Usage and general availability? | The cMoney solution provides for credit card data never being revealed and can be used to: - send money from cell to cell - bank to bank - and ATM to ATM all securely from any current handset you own!! | Limited to 'partners', who have joined Google's program and installed the special merchant POS hardware | ||||||
Storing other personal data? | - Can store up to 30 credit/debit/store loyalty cards -Store discount cards -coupons, -gift certificates - and receipt history to archive and retrieve when needed - In final negotiations with a Strategic Partner to store other personal data | Google said that consumers could store cards, driver's licenses, IDs and other items in Google Wallet. These items may pose an increased risk of identity theft and these items aren't 'official' when displayed on the phone. | ||||||
Use of NFC? | Uses your current cell phone to display cMoney Pay Code (authorization code) and does not need costly NFC or merchant POS hardware upgrades. | Uses a technology called Near Field Communications (NFC) to allow contactless transactions between consumers' phones and merchants' terminals. NFC chips need to be in all phones to acquire a critical mass. Consumer's level of security during transactions is questionable. | ||||||
Use of ATMs? | The cMoney Solution acts as the consumers' 24 hour bank giving them the ability to deposit cash, checks, send money: ATM to ATM, ATM to cell, and pay bills; all instantly and secure. | Not available through Google wallet. | ||||||
Transaction dollar limits? | Unless customer has a credit line, transactions will only be limited based on the amount of available funds. | On average it's $100.00 per day and can fluctuate in other countries. | ||||||
Need for a PIN? | For enhanced security reasons, your PIN is required for all transactions. | The wallet app itself will require a PIN, as will each transaction. | ||||||
Security of personal details on phone? | No personal data is ever stored on phone and all transactions to and from the phone are encrypted so identity theft is completely eliminated. | The payment credentials will be encrypted and stored on a chip, called the secure element, inside the phone. So if the phone is misplaced or stolen, valuable information could be compromised. | ||||||
What if I lose my phone or it gets stolen? | No personal information is stored on the phone, so there is nothing to disable. There can be no personal information hacked. | If the phone was lost/stolen, the credit cards inside could be remotely disabled but other information could be exposed. | ||||||
New technology? | Yes, although sending money from mobile to mobile has been on the market, the cMoney Solution is ahead of its time in its ability to conduct instant and secure transactions with its many features. | Google is coming to the market after a number of others and is utilizing the NFC chip which has its numerous consumer/merchant disadvantages. |
Moving forward towards submission of S-1 - cMoney continues, with its previously announced partners, to prepare for the submission of its expedited Form S-1/A.
cMoney filings - Mr. Matthews, CEO of cMoney stated, "I am excited to confirm that all cMoney registration papers are current with the Nevada Secretary of State and are now 'active filings'. Also, all OTCBB company information has been brought up to date. I am pleased to note that Yahoo Finance records our Market Cap. at $34M and we had an active trading volume on Friday of 2,354,887 shares."
Mr. Matthews added, "I would like to take this opportunity to thank all our shareholders from around the world including Ireland, Spain, Estonia and of course America for your continuing loyalty and support. cMoney will continue to innovate, strengthen our brand, and improve on the latest technology developments allowing us to rapidly move forward towards our initial release of this exciting new financial network. The cMoney product is the total solution that has the competitive advantage which will revolutionize the mobile to mobile payment market."
_________________________________________________________________________________________________________________________
Transfer Agent: ClearTrust, LLC
16540 Pointe Village Drive, Suite 201
Lutz, Florida 33558
Jeffery Staller
Investor Relations
Heritage Corporate Services, Inc.
Telephone: (561) 210-5675 |
Fax: (561) 470-1982 |
Email:info@HeritageCorporateServices.com |
Press Release History |
C$ cMoney Secures $100 Million Financing from AGS Capital Group, LLC |
HOUSTON, July 09, 2010 - cMoney, Inc., a new mobile technology company based in Houston, announced it has received a commitment of $100 million in funding from AGS Capital Group, LLC, of New York City. The investment is expected to support the expansion of the company as well as the launch of C$ cMoney, an innovative mobile platform for the financial services industry. |
C$ CMONEY COMPLETES MERGER WITH BONFIRE PRODUCTIONS AND ANNOUNCES NEW EXECUTIVE LEADERSHIP TEAM |
cMoney, Inc, a development stage mobile technology company based in Houston, - completed a previously announced merger and appointed its executive leadership team - two milestones that showcase the company's goals and growth. |
C$ CMONEY ANNOUNCES MERGER WITH BONFIRE PRODUCTIONS |
C$ CMoney announced today that it has signed a definitive merger agreement with Bonfire Productions, Inc. (BNFR) |
C$ cMoney AND US Dataworks announce strategic alliance |
C$ cMoney, Inc., a Houston-based technology company, and US Dataworks, Inc. (AMEX: UDW), located in Sugar Land, Texas, announced today that they have entered into a strategic alliance agreement for shared technology and support of the upcoming product launch of the C$ cMoney mobile payment application |
C$ cMoney Secures $15 Million Financing from Kodiak Capital Group, LLC |
Houston, March 25, 2010 - New mobile technology company to be headquartered in Houston, TX secures $15 Million in funding from Kodiak Capital Group, LLC of New York City |
Number of Shares Outstanding as of August 3, 2011
Shares Authorized: Common Stock: Five Hundred Million (500,000,000) shares
Preferred Stock: Ten Million (10,000,000)
Shares Outstanding: Common Stock: One Hundred Sixty-Four Million Five
Hundred Seventy-Three Thousand Two Hundred Five (164,573,205)
Preferred Stock: There are no shares of Preferred Stock outstanding.
Public Float: approximately Thirty Million Six Hundred Ninety-Three Thousand
Nine Hundred Sixty-Three (30,693,963)
Total Number of Beneficial Shareholders: As of August 3, 2011: 3
Total Number of Shareholders of Record: 23 certificated
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