SINCE THE JV LOI WAS ANNOUNCED ON JAN 2594.4 million shares have traded@ an avg of 19.2 cents.
Current pricing provides for an ATTRACTIVE ENTRY.
Once the JV is formalized definitively, SCG becomes a full fledged full suite FINTECH play.
The current paltry market cap gives today's buyers lots of room for potential upside.
| House Positions for C:SCG from 20170125 to 20170331 |
| 83 Mackie | 3,617,500 | 704,971 | 0.195 | 458,015 | 96,696 | 0.211 | 3,159,485 | -608,275 |
| 59 PI | 6,319,500 | 1,189,764 | 0.188 | 3,405,500 | 651,537 | 0.191 | 2,914,000 | -538,227 |
| 7 TD Sec | 24,839,729 | 4,718,494 | 0.19 | 23,096,874 | 4,466,535 | 0.193 | 1,742,855 | -251,959 |
| 33 Canaccord | 927,000 | 165,111 | 0.178 | 125,600 | 27,152 | 0.216 | 801,400 | -137,959 |
| 89 Raymond James | 1,547,375 | 303,216 | 0.196 | 930,500 | 168,844 | 0.181 | 616,875 | -134,372 |
| 124 Questrade | 1,490,612 | 283,601 | 0.19 | 988,932 | 193,957 | 0.196 | 501,680 | -89,644 |
| 19 Desjardins | 1,731,290 | 328,243 | 0.19 | 1,403,360 | 273,254 | 0.195 | 327,930 | -54,989 |
| 22 Fidelity | 289,200 | 56,552 | 0.196 | 48,200 | 9,640 | 0.20 | 241,000 | -46,912 |
| 62 Haywood | 245,000 | 45,392 | 0.185 | 70,000 | 11,137 | 0.159 | 175,000 | -34,255 |
| 28 BBS | 1,422,950 | 272,814 | 0.192 | 1,292,000 | 254,520 | 0.197 | 130,950 | -18,294 |
| 143 Pershing | 91,200 | 16,960 | 0.186 | 17,450 | 3,420 | 0.196 | 73,750 | -13,540 |
| 58 Qtrade | 611,080 | 115,860 | 0.19 | 550,162 | 106,492 | 0.194 | 60,918 | -9,368 |
| 39 Merrill Lynch | 220,300 | 40,795 | 0.185 | 159,500 | 30,973 | 0.194 | 60,800 | -9,822 |
| 88 Credential | 158,000 | 30,856 | 0.195 | 121,000 | 22,854 | 0.189 | 37,000 | -8,002 |
| 68 Leede | 100,000 | 21,498 | 0.215 | 74,000 | 12,274 | 0.166 | 26,000 | -9,224 |
| 57 Interactive | 22,877 | 4,702 | 0.206 | 100 | 17 | 0.17 | 22,777 | -4,685 |
| 99 Jitney | 3,928,100 | 744,713 | 0.19 | 3,918,100 | 752,514 | 0.192 | 10,000 | 7,801 |
| 80 National Bank | 945,230 | 188,887 | 0.20 | 937,689 | 175,705 | 0.187 | 7,541 | -13,182 |
| 36 Latimer | 2,561 | 487 | 0.19 | 1,300 | 256 | 0.197 | 1,261 | -231 |
| 48 Laurentian | 1,000 | 190 | 0.19 | 0 | | 1,000 | -190 |
| 15 UBS | 0 | | 5,000 | 900 | 0.18 | -5,000 | 900 |
| 76 Industrial Alliance | 0 | | 12,500 | 2,000 | 0.16 | -12,500 | 2,000 |
| 14 ITG | 0 | | 20,000 | 3,688 | 0.184 | -20,000 | 3,688 |
| 94 Hampton | 80,000 | 15,721 | 0.197 | 156,500 | 25,245 | 0.161 | -76,500 | 9,524 |
| 85 Scotia | 6,979,817 | 1,352,412 | 0.194 | 7,060,216 | 1,320,282 | 0.187 | -80,399 | -32,130 |
| 70 Manulife | 0 | | 80,630 | 17,474 | 0.217 | -80,630 | 17,474 |
| 13 Instinet | 277,000 | 50,545 | 0.182 | 397,000 | 77,146 | 0.194 | -120,000 | 26,601 |
| 79 CIBC | 5,951,768 | 1,137,871 | 0.191 | 6,179,583 | 1,275,875 | 0.206 | -227,815 | 138,004 |
| 74 GMP | 55,000 | 11,225 | 0.204 | 938,000 | 157,884 | 0.168 | -883,000 | 146,659 |
| 9 BMO Nesbitt | 5,304,190 | 1,004,805 | 0.189 | 7,225,535 | 1,337,057 | 0.185 | -1,921,345 | 332,252 |
| 2 RBC | 14,099,757 | 2,853,947 | 0.202 | 16,542,519 | 3,233,030 | 0.195 | -2,442,762 | 379,083 |
| 1 Anonymous | 13,124,500 | 2,477,901 | 0.189 | 18,166,771 | 3,429,175 | 0.189 | -5,042,271 | 951,274 |
| TOTAL | 94,382,536 | 18,137,533 | 0.192 | 94,382,536 | 18,137,533 | 0.192 | 0 | 0 |
Selectcore to form payment service JV with First Global
2017-01-25 14:42 ET - News Release
Mr. Mohammad Abuleil reports
SELECTCORE LTD. ENTERS INTO NON-BINDING LETTER OF INTENT FOR JOINT VENTURE WITH FIRST GLOBAL DATA CORP.
Selectcore Ltd. signed a non-binding letter of intent on Jan. 23, 2017, with First Global Data Corp. to form a joint venture between the two organizations.
The JV will combine the synergistic assets of both organizations to offer a full suite of payment services in the Canadian marketplace. This includes prepaid card, mobile, on-line and international payments. The JV will be limited to the Canadian marketplace and will focus on providing governments, retailers, banks, telecom companies, and other strategic partners and clients with a wide spectrum of payment capabilities. First Global Data will inject float capital of $600,000 and shall own 51 per cent of the JV. Revenues will be shared between the two companies on a 50/50 basis.
The parties have agreed to use their reasonable best efforts to settle a definitive agreement by Jan. 31, 2017, and may extend this period by mutual consent. "There are tremendous opportunities in the Canadian marketplace for the full suite of payment services that could be offered by the JV. This JV has the potential to elevate the two organizations and position them together as a unique company. We believe that this joint venture will open new avenues and business opportunities to both organizations that their combined technologies can bring in," stated Mohammad Abuleil, president of Selectcore.
About Selectcore
Established in 1999, Selectcore is a leading prepaid financial services provider and transaction processor for underbanked and underserved markets.
About First Global Data
First Global is an international financial services technology company. The company's two main lines of business are mobile payments and cross-border payments.
We seek Safe Harbor.
© 2017 Canjex Publishing Ltd. All rights reserved.