RE:RE:RE:RE:DUMP or .....Hey AOGEE,
You are right about loving a penny stock - I learned that hard lesson when I first started 10 years ago.
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This is a new beginning for Mint that has taken over 2 years to initialize. All the unsecured three year non-interest bearing promissory notes exchanged by the parties involved in the restructure of debt, tells me that Mint at least now has an opportunity to pursue their mission statement from 2 years ago that I have posted below. They now, through experience, know a direction that could lead to a sustained higher share price. I am certainly not betting the farm here, but I'll put up an acre every once in a while if they can take some steps forward. Now that the debt has been restructured, I hope management releases a Letter to Shareholders to offer us some current guidance about the future.
Does GBS want us to succeed; or do they want us to perish? Are they planning to gather up our bones and suck out the marrow - only time will tell? If we perish, GBS will lose a finger or two in the process.
There hasn't exactly been a stampede for the door. Except for three days ago, when volume exceeded one million shares; the volume that has dropped our share price from .06 has been pretty anemic.
Maybe that dog with fleas, waiting to be adopted, just needed to be cleaned up.
From the Letter to Shareholders June 1, 2020
Corporate Direction
Following the Sale and a review of opportunities to capitalize on Mint's technology, Mint intends to shift its strategic focus to launching merchant management services targeted at small business, mobile enabled prepaid card products such as multi-currency and general purpose prepaid cards integrated with a digital banking platform that can be offered both as a white label product offering for other banks and/or financial institutions, and as a service to personal and small business clients in partnership with licensed financial institutions in the UAE.
This digital banking platform, in conjunction with our card management, payment gateway and merchant management platforms, will round out Mint's technology across the full spectrum to service financial institutions, small business clients and personal customers. The initial focus will be on the UAE market, following which we intend to expand within the Gulf Region and into North America. Given the scope of the Mint technology now available and being developed, Mint has the flexibility to develop and focus on the unique needs of each market.
As always, we would like to thank our shareholders for your continued belief and support as we focus on providing excellent services to our customers and building value for all shareholders.