I shouldn't be postingGood afternoon,
I wasn't going to post anything because, to be honest, the shake was good today as it transferred weak hands into strong hands. I picked up more and hopefully will tomorrow.
As I add more and more aliases to my ignore list the board is starting to look better.
Here's my thoughts:
Alibaba (ANT Financial) got denied the chance to purchase Moneygram (a brick and mortar store like WU) and Moneygram partnered up with Ripple (which has plummeted)
Alipay is losing market share to WeChat (it's main competitor)
FGD signed a deal with TenCent (WeChat) around the remittance sector today which means a potential loss of even more market share for Alipay
Alipay needs to gain a hold in the market, and fast.
Alibaba was specifically called out on a CUV NR and Alibaba are based in China
CUV has registered its name in China and is outsourcing to "regional partners"
CUV has already listed all the markets its is going after, all across South America and the Caribbean
CUV are about to launch their platform, and therefore will be announcing regional partners very soon.
Summary: China trademark-Alibaba specifically mentioned-Alipay wants market share through remittance-CUV has the structure in place to launch imminently
Please disregard this message and sell your shares. I would quite like to get more cheap shares tomorrow.
Oh, I'm not gonna respond to bashers...but here's HIVE's last financial statement...
HIVE - November 29th Financials
Net loss for the period $ (20,257,911) $ (177,210) $ (20,286,514) $ (352,532) Other comprehensive income Other comprehensive income to be reclassified to profit or loss in subsequent periods: Translation adjustment 42,442 42,184 80,151 36,414 Other comprehensive income 42,442 42,184 80,151 36,414 Net loss and comprehensive loss for the period $ (20,215,469) $ (135,026) $ (20,206,363) $ (316,118)
Not to mention Shareholder Deficit of $27 million. However, as in CUV they are also Cash positive so good for them. Shareholder Deficit is not a current red flag in either case.