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 justmebirdon Aug 21, 2013 7:01pm

196 Views

Post# 21687922

RE:RE:The Good, The Bad, and The Ugly - Cast Your Vote

Or Ark88, take over the entire company for cheap! We are all kicked in the asrs by Mint poor performance. Promises and disappointments over and over again.

Poof!@ === Money Gone!!!!!!!!

rk88 - (8/21/2013 10:21:56 AM)
RE:The Good, The Bad, and The Ugly - Cast Your Vote

SoftLanding: Well summarized. Agree with you 100%.

One other aspect that may be occuring and the reason for the amount of time it's taking is that Mint may have been forced to come up with a modified business plan in order to secure financing. That may include change in management and BODs, which can be supported by Hoggs departure. Of course, even with this scenario, it's not a pretty picture, but nonetheless, it does take the imminent insolvency out of the equation.

Having said that, my gut feeling is IF there is to be a "saviour", it will be one of the big investors, motivated to act by not wanting to lose all or to minimize the lose by providing minimal funding sufficient to realize an exit strategy.

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