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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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Post by panhandlephillipson Jun 21, 2012 8:02pm
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Post# 20041817

Blog

Blog

I've had a boat load of request for the blog link. Here it is.

https://www.stockhouse.com/Blogs/ViewDetailedPost.aspx?p=133485

It was a straitght up value comparison between the two virtually identical business of two companies. Thats it. If you think Selectcore is worth $22M then you must think that ePay is worth $44M on an apples to apples basis. Is either company really worth that much? Thats for you to decide. Valuations are a tricky business.

We don't know all the details but since Selectcore is saddled with about $13M in liabilities it makes the ePay valuation even more favorable. Given the purchase price of ePay at $9.5M I would suspect that ePays liabilities are significantly lower than $13M, if infact there are any liabilities at all.

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