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SWAP Moneyswap

0.135
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Moneyswap LSE:SWAP London Ordinary Share GI000A1JASX5 ORD 0.1P (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 0.135 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 0.135 GBX

Moneyswap (SWAP) Latest News

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Moneyswap (SWAP) Discussions and Chat

Moneyswap Forums and Chat

Date Time Title Posts
22/3/201709:01Money Swap Forex Dealer1,079
04/9/200612:39ADVFN Swap Shop42
15/9/200300:08swapshop-

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Moneyswap (SWAP) Most Recent Trades

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Moneyswap (SWAP) Top Chat Posts

Top Posts
Posted at 04/4/2016 21:51 by coolen
Can someone tell me the relationship between "Moneyswap plc" (SWAP) and a live company operating under the name of "Moneyswap Limited" which is owned by "Moneyswap Holdings" ?

In brief, are these relationships totally innocent and beneficial to SWAP ?
Posted at 29/3/2015 22:49 by moormoney
looks as though swap is making progress. I gave up and moved funds into ctp but will watch with interest. GL flash.
Posted at 26/3/2014 09:48 by stockonomist
LOL

moron

moreforus
26 Mar'14 - 09:30 - 395652 of 395656 0 0

stuff rarely makes sense with premium issues or discounted issues

SWAP someone just dumped 423.5k at 0.65p..the loan holders converted at 1.35p and the directors took fees at 1.35p

"The conversion price of 1.35p (the "Conversion Price") is higher than originally required under the previous loan agreements (being the average trading price for the 10 days prior to conversion) and has been agreed between the various lenders and the Company. The Conversion Price represents a 90% premium over the expected contractual conversion price in accordance with the loan agreements of 0.7p, and a premium of 108% over the closing bid price of last business day (21 March 2014). "

zero interest and has not moved
Posted at 24/3/2014 11:32 by stockonomist
Revenue for last 6 months : $13k !!! LOL

Admin Expenses $2,369,023

Loss $4,109,395

PMSL


Current Assets : 563,580
Current Liabilities : 2,658,862


Chances of a 'Suspended Pending Clarification of Financial Position' RNS ? High



Tom Bulford comment :-

"I have also decided it is time to sell out of MONEYSWAP (SWAP). MoneySwap helps Chinese people to shop and transfer money abroad. It had reported revenue growth of 260% to $1.78m in the year to March. But the business is still making a loss and to make matters worse the unwelcome revelation that it is owed $1.75m by one party has still not be resolved. This was always going to be a risky play but this matter makes me feel very uneasy. This does not smell good, so SELL"
Posted at 24/3/2014 11:03 by moreforus
premium weasel

TIDMSWAP

RNS Number : 0049D

MoneySwap Plc

24 March 2014

24 March 2014

MoneySwap Plc

("MoneySwap" or the "Company")

Conversion of loan notes, issue of equity to directors,

holdings in Company, total voting rights and directorate change

MoneySwap (AIM: SWAP), the provider of payment solutions to online and point of sale merchants licenced for UnionPay in the UK, announces the issue of new ordinary shares of 0.1p each in the Company ("Ordinary Shares") from the conversion of loan notes and as payment of outstanding fees to directors and a consultant.

Conversion of loan notes

The Company has today converted loans totalling US$4,323,340.78 (including accrued interest) (the "Loan Conversion") into 192,319,430 new Ordinary Shares (the "Loan Conversion Shares") at a conversion price of 1.35p per Ordinary Share. The loans include those provided to the Company by Heng-Jui Lin, Kolarmy Technology, Inc. and Power Capital Forex Management Ltd, further details of which were announced by the Company on 19 December 2012 and 7 June 2013. The conversion price of 1.35p (the "Conversion Price") is higher than originally required under the previous loan agreements (being the average trading price for the 10 days prior to conversion) and has been agreed between the various lenders and the Company. The Conversion Price represents a 90% premium over the expected contractual conversion price in accordance with the loan agreements of 0.7p, and a premium of 108% over the closing bid price of last business day (21 March 2014). Full details of the loans to be converted are as follows:

Lender Principal Interest Total Number
repaid repaid of Loan
Conversion
Shares
issued
-------------------------------- -------------- ------------ -------------- ------------
Heng-Jui Lin US$100,000 US$5,384 US$105,384 4,687,881
-------------------------------- -------------- ------------ -------------- ------------
Kolarmy Technology, Inc. US$232,000 US$11,125 US$243,125 10,815,183
-------------------------------- -------------- ------------ -------------- ------------
Power Capital Forex Management
Ltd US$510,000 US$38,804 US$548,804 24,412,996
-------------------------------- -------------- ------------ -------------- ------------
Ton Yuan Enterprise Limited US$3,261,000 US$165,028 US$3,426,028 152,403,370
-------------------------------- -------------- ------------ -------------- ------------
Total US$4,103,000 US$220,341 US$4,323,341 192,319,430
-------------------------------- -------------- ------------ -------------- ------------


Following the Loan Conversion, the Company has a total US$2,060,000 of outstanding loans, plus accrued interest, of which US$610,000 is due from Ton Yuan Enterprise Limited.

The Company has for the past 18 months been financed by these long term loans from its shareholders and Ton Yuan Enterprise Limited. The board would like to thank these shareholders for their continued support. In order to support its strategy for growth in the UK, MoneySwap continues to consider options such as equity or debt fundraising.

The variation of the loan terms in respect of the conversion price is deemed to be a related party transaction under the AIM Rules, as Heng-Jui Lin is a substantial shareholder in the Company and controls Kolarmy Technology, Inc. and Power Capital Forex Management Ltd. The Directors of MoneySwap, having consulted with the Company's nominated adviser, Allenby Capital Limited, consider the variation of the loan conversion price to be fair and reasonable insofar as shareholders of the Company are concerned.

Issue of equity as payment of fees

The Company has today issued 9,452,937 new Ordinary Shares to directors of MoneySwap (the "Director Fee Shares") at a price of 1.35p per Ordinary Share in satisfaction of outstanding director fees earned between 2012 and 2014. Full details of the Director Fee Shares are as follows:

Director Outstanding Number of Total number Percentage
fees to Director of Ordinary of the enlarged
be converted Fee Shares Shares held share capital
issued following of the Company
issue of
the Director
Fee Shares
--------------------------- --------------- ------------ -------------- -----------------
Richard Victor Proksa US$25,000 1,112,100 27,112,100 4.29%
--------------------------- --------------- ------------ -------------- -----------------
Kung-Min Lin US$112,500 5,004,448 55,856,448 8.85%
--------------------------- --------------- ------------ -------------- -----------------
Javier Amo Fernández
de Ávila US$25,000 1,112,100 1,112,100 0.18%
--------------------------- --------------- ------------ -------------- -----------------
Craig Niven US$25,002 1,112,189 1,112,189 0.18%
--------------------------- --------------- ------------ -------------- -----------------
Saihua Xu US$25,000 1,112,100 6,945,433 1.10%
--------------------------- --------------- ------------ -------------- -----------------
Total US$212,502 9,452,937 92,138,270 14.60%
--------------------------- --------------- ------------ -------------- -----------------


Further, the Company has issued 2,323,843 new Ordinary Shares to Heng-Jui Lin (the "Consulting Fee Shares") at a price of 1.35p per Ordinary Share as settlement of outstanding consultancy fees accrued during 2013 and 2014.

The issue of the Director Fee Shares and the Consulting Fee Shares are deemed to be related party transactions under the AIM Rules. MoneySwap's nominated adviser, Allenby Capital Limited, considers the issue of the Director Fee Shares and the Consulting Fee Shares to be fair and reasonable insofar as shareholders of the Company are concerned.

The Loan Conversion Shares, the Director Fee Shares and the Consulting Fee shares are subject to a 120-day lock-in period.

Total voting rights

Application has been made for the Loan Conversion Shares, the Director Fee Shares and the Consulting Fee Shares to be admitted to trading on AIM ("Admission") and it is expected that Admission will occur on or around 28 March 2014. On Admission the total issued share capital of MoneySwap will consist of 631,401,687 Ordinary Shares. The Company currently holds no ordinary shares in treasury. Therefore the total number of voting rights in the Company is 631,401,687. This figure may be used by shareholders as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of MoneySwap under the Disclosure and Transparency Rules.

Holdings in Company

Following the issue of the Loan Conversion Shares, the Director Fee Shares and the Consulting Fee Shares, Heng-Jui Lin now has a total beneficial interest in 116,977,250 Ordinary Shares, equivalent to 18.53% of the Company's enlarged share capital. Of these, 10,815,183 Ordinary Shares are registered in the name of Kolarmy Technology, Inc. and 24,412,996 Ordinary Shares are registered in the name of Power Capital Forex Management Ltd. In addition, Ton Yuan Enterprise Limited, a company owned by Chien-Wei Kao, now has a total beneficial interest in 152,403,370 Ordinary Shares, equivalent to 24.14% of the Company's enlarged share capital.

Directorate change

Mrs Saihua 'Emma' Xu, has decided to step down from her role as Executive Director of the Company in order to spend more time with her family and on her other business interests. Emma will remain on the Board of MoneySwap as a Non-Executive Director.

Kung Min Lin Chairman of the MoneySwap PLC board, said:

"I am delighted that Emma will be staying on the Board as a Non-Executive Director. Emma has made a valuable contribution towards the positioning of MoneySwap as a one stop provider of UnionPay services, enabling UK merchants to settle transactions either via point of sale or online using China's most widely held bankcard. This is an exciting time for MoneySwap as we look to capitalise on the increasing number of Chinese visitors to the UK and build a comprehensive UK merchant customer base, both directly through our own sales force and indirectly through agreements with major independent global payment service providers."
Posted at 18/3/2014 20:40 by stockonomist
This from someone who was positive and then woke up.

Tom Bulford comment :-

"I have also decided it is time to sell out of MONEYSWAP (SWAP). MoneySwap helps Chinese people to shop and transfer money abroad. It had reported revenue growth of 260% to $1.78m in the year to March. But the business is still making a loss and to make matters worse the unwelcome revelation that it is owed $1.75m by one party has still not be resolved. This was always going to be a risky play but this matter makes me feel very uneasy. This does not smell good, so SELL"
Posted at 12/7/2013 08:34 by topinfo
MoneySwap Plc Appointment of UK Sales Team
Print
Alert

TIDMSWAP

RNS Number : 2013J

MoneySwap Plc

12 July 2013

MoneySwap Plc

("MoneySwap" or the "Group")

12 July 2013

Appointment of UK sales team to roll-out payment processing services for China's largest bank card

and

prepaid card update

MoneySwap Plc (AIM: SWAP), the merchant acquirer and payment solutions provider licenced by China UnionPay ("CUP") for the UK, is pleased to announce the appointment of a sales team based in the UK. This is in line with the Group's strategy to roll-out its full service payment processing offering to enable UK merchants to accept payments from CUP cardholders

UK sales team

MoneySwap is licensed by CUP, China's largest bankcard payment processor, to act as a full service payment provider covering online, point of sale and money transfers for merchants in the United Kingdom. MoneySwap has developed a suite of payment gateways which interlink with CUP and receives a fee per transaction. These include UnionPay Online Payments, UnionPay Point of Sale Payments and UnionPay MoneyExpress. Following a comprehensive recruitment campaign, the Group has appointed a five strong sales team based in the UK. The team will target merchants and other retailers in the UK which regularly conduct business with visiting CUP cardholders and Chinese residents.

Suisse Black VISA pre-paid card

As announced on 21 December 2012, as at 30 September 2012 there remained an unrecovered trade receivable balance of US$1.7 million as well as US$2.2 million sales billed but not recognised. This sum relates to payment of subscription fees for the Suisse Black VISA pre-paid cards. A provision against the US$1.7 million was made on 30 September 2012 albeit management continued to pursue the collection of these funds. The Directors have now determined that there is no prospect that the outstanding balance will be recovered either in part or in full.

Richard Proksa, Chief Executive Officer of MoneySwap, said:

"With an experienced sales team now in place in the UK, we expect to secure our first contracts in the UK shortly. Given that there are over 800 million China UnionPay card holders and the number of Chinese visiting the UK every year is growing, the scale of the opportunity available to MoneySwap is clear."

- Ends-

For further information, please contact:
Posted at 05/3/2013 09:12 by moreforus
Money Swap Forex Dealer - SWAP
kennyruss - 18 Feb 2013 - 08:40:11 - 224 of 361
Charmer,

Partnership with China UnionPay who are taking on Mastercard and VISA. See my email below. I assume the "sell" rating might be perhaps TB comments.

Hi Kenny

Thank you for your email.

The fundamentals and prospects of the company remain positive and we do not see the recent drop in the share price as an indication of any dramatic changes in outlook.

There has been a sell recommendation by a broker in London which clearly has not helped the stock price.

MoneySwap, is in the unique position to be licensed by China UnionPay for all three of their payment products � Point of Sales, Online Sales and MoneyExpress (the ability to remit funds directly to China UnionPay cardholders by senders outside of China). More information is available on our web site. We will be putting up some presentations during the quarter.

The Company has deployed all three product solutions in a pilot project environment and expects to expand on this in the near future.

Thank you for your support.

Regards
Richard Proksa | Hong Kong |  Mobile: +852 92807478 Office: +852 3919 9892 URL: www.moneyswap.com

Confidentiality Notice: The information contained in this e-mail and any attachments may be legally privileged and confidential. If you are not the intended recipient, you are hereby notified that any dissemination, distribution, or copying of this e-mail is strictly prohibited. If you have received this e-mail in error, please notify the sender and permanently delete the e-mail and any attachments immediately. You should not retain copy or use this e-mail or any attachments for any purpose, nor disclose all or any part of the contents to any other person.

From: Kenny Russell [mailto:kennyruss@sky.com]
Sent: 16 February 2013 02:38
To: Richard Proksa
Subject: SWAP

Hi Richard,

As a recent shareholder in SWAP, I just thought I would touch base with the CEO (as I do with all my investments) and ask a few general questions.

The recent share price drop brought SWAP to my attention and out with a few chunky sales I can see no reason for the drop � can you offer any non sensitive reasoning behind the drop?

Going forward, what is the roadmap for SWAP and where do you see the company in 18 months?

Also, do you have any company presentations etc, that you could share?

Regards,

Kenny Russell
Posted at 18/2/2013 08:40 by kennyruss
Charmer,

Partnership with China UnionPay who are taking on Mastercard and VISA. See my email below. I assume the "sell" rating might be perhaps TB comments.

Hi Kenny

Thank you for your email.

The fundamentals and prospects of the company remain positive and we do not see the recent drop in the share price as an indication of any dramatic changes in outlook.

There has been a sell recommendation by a broker in London which clearly has not helped the stock price.

MoneySwap, is in the unique position to be licensed by China UnionPay for all three of their payment products – Point of Sales, Online Sales and MoneyExpress (the ability to remit funds directly to China UnionPay cardholders by senders outside of China). More information is available on our web site. We will be putting up some presentations during the quarter.

The Company has deployed all three product solutions in a pilot project environment and expects to expand on this in the near future.

Thank you for your support.

Regards
Richard Proksa | Hong Kong |  Mobile: +852 92807478 Office: +852 3919 9892 URL: www.moneyswap.com

Confidentiality Notice: The information contained in this e-mail and any attachments may be legally privileged and confidential. If you are not the intended recipient, you are hereby notified that any dissemination, distribution, or copying of this e-mail is strictly prohibited. If you have received this e-mail in error, please notify the sender and permanently delete the e-mail and any attachments immediately. You should not retain copy or use this e-mail or any attachments for any purpose, nor disclose all or any part of the contents to any other person.

From: Kenny Russell [mailto:kennyruss@sky.com]
Sent: 16 February 2013 02:38
To: Richard Proksa
Subject: SWAP

Hi Richard,

As a recent shareholder in SWAP, I just thought I would touch base with the CEO (as I do with all my investments) and ask a few general questions.

The recent share price drop brought SWAP to my attention and out with a few chunky sales I can see no reason for the drop – can you offer any non sensitive reasoning behind the drop?

Going forward, what is the roadmap for SWAP and where do you see the company in 18 months?

Also, do you have any company presentations etc, that you could share?

Regards,

Kenny Russell
Posted at 17/2/2013 11:28 by kennyruss
Before you say mugpunter, this is not a fake email.. just to clarify


One to watch this week.. SWAP (www.moneyswap.com)

87% of stock held by directors and significant shareholders, so only 50m shares in free float. share price at all time low, due to a forced seller, looks to have cleared as every buy has level 2 all over the place.

New due in Q1 on pilot projects.

SWAP is partnered with China UnionPay read the article below to see the challenge UnionPay is putting up to take on VISA and MASTERCARD.



email response below from CEO

Hi Kenny

Thank you for your email.

The fundamentals and prospects of the company remain positive and we do not see the recent drop in the share price as an indication of any dramatic changes in outlook.

There has been a sell recommendation by a broker in London which clearly has not helped the stock price.



MoneySwap, is in the unique position to be licensed by China UnionPay for all three of their payment products – Point of Sales, Online Sales and MoneyExpress (the ability to remit funds directly to China UnionPay cardholders by senders outside of China). More information is available on our web site. We will be putting up some presentations during the quarter.

The Company has deployed all three product solutions in a pilot project environment and expects to expand on this in the near future.

Thank you for your support.

Regards
Richard Proksa | Hong Kong |  Mobile: +852 92807478 Office: +852 3919 9892 URL: www.moneyswap.com
Moneyswap share price data is direct from the London Stock Exchange

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