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

Bullboard Posts

Comment by justmebirdon Feb 21, 2013 10:40am

158 Views

Post# 21022300

RE: RE: RE: mit

Ark88 there is a reason for the low volume situation for Mint. Most of the retail owners hold strong to their position so there is a very small faction of fickle owners. The average retail owner will not sell their shares under 0.25$ and even higher. At the 0.50$ you may have lots of retail sellers but the institutional owners are going to ride the SP to 2.00$ and beyond.

I agree with you in that volume is needed but that is not going to happen at these prices.

Opportunistic people are bidding on the cheap and the strong holders and maintaining their position. If however there is a national economic meltdown (like in Greece and that is not going to happen in Canada) you may see the retail owners dumping their units to pay down on say their mortgages.

So my friend, volume is not going to happen at these price in my opinion.

Bullboard Posts

Mullen Group's Robust Case for Value, Part 1: Less-than-Truckload