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 25, 2011 11:22pm

191 Views

Post# 19181412

RE: RE: IR

birch1 this was a fracking bad deal. It matters not whether it was for 1$M or 40$M. We are speaking in terms of an interest rate of 12% per annum added to 2 shares for every 1$ loaned and this is another 20% armotised over the period of the loan.

For heaven sake I can borrow money at 5.25% unsecured. It is a frigging bad deal. 12% is a very high rate of interest and added to the share giveaway it compounds the effect.

birch1 I have another question. Are you an employee or agent of Mint?

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