Mint Corp V.MIT

Alternate Symbol(s): MITJF

Financial Services Credit Services

The Mint Corporation, through its subsidiaries, is a globally certified payments company. The Company is focused on offering financial services to the unbanked salaried worker in the United Arab Emirates (UAE). The Company provides employers with payroll cards for their unbanked employees. It offers employers scalable, flexible and payroll card management solutions through its globally certified payments platform. It also focuses on facilitating payroll disbursement for unbanked workers, employees not qualified for traditional bank accounts. Its UAE operations comprise five entities, including Mint Middle East LLC (MME), Mint Electronic Payment Services Ltd (MEPS), Mint Capital LLC (MCO), Mint Gateway for Electronic Payment Services (MGEPS) and Hafed Holding (Hafed). MME is a payroll card services provider facilitating an automated and secure payroll system to employers in the UAE. Its UAE operations payroll cards and mobile app are branded under the Hafed name.

TSXV:MIT - Post by User

Mint Corp

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Comment by fightiamon Oct 24, 2011 5:06pm

360 Views

Post# 19177151

RE: RE: accredited investor

No Yvrogne I did not think that even if Michael Lee Chin was the accredited investor that that would be enough to send the SP upwards. If Lee Chin is the source of the financing it shows the desperation to get financing because it is a sweetheart of a deal. The fact that it was rushed before the reporting of their quartely financing leaves me a bit uneasy.

At 12% interest plus 1 share for every $1.00 loaned gives a darn high interest rate to pay. Let say 12% per annum plus another 10% over the armotizing period of the loan. Am I happy? No!

All I am saying to myself is WTF is happening. First from the perspective of the loan arrangement and then by the expected reaction of the market to this frigging sweetheart deal for someone.

I am an investor and dont give 2 fcuks if other investors decide to sell their position and the stock runs further downwards because of my musings. Why? I am fracking pissed off!

I cannot repeat the profanities that are going through my mind. I wonder what "horrors" await us on October 31St.

Who knows, we may be pleasanty surprised and if Lee Chin is the lender I now understand why he is a billionaire. On the other hand I am a fracking pauper and I have to defend my fracking capital.

I continue to hold but I am Royally pissed

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