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Mint Corp V.MIT

Alternate Symbol(s):  MITJF

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

Bullboard Posts
Comment by panhandlephillipson Apr 19, 2013 4:50pm
90 Views
Post# 21276790

RE: Series I, II and VI Debentures

RE: Series I, II and VI Debentures

I wonder who was the seller  of these debentures and why they would sell them at such a deep discount to face value. Someone was willing to take a deep hit on the principle just to be sure to get some money back.  And although the DBs were backed by assets, Mint has no tangible assets to speak of.

 

I wonder if someone is forcing them into a hostile take over by driving them into bankruptcy.  If they hold the lions share of the debt they could pay off any other creditors and continue running the business.  Furthermore if they cease trade/delist then they won't have to put up with us pesky retail holders.  Just spit balling

Bullboard Posts