Moneyswap Share Discussion Threads

[moormoney] 02/5/2014 14:23

Wish I had left you on filter. You really are one sick individual, get a life!

[stockonomist] 01/5/2014 11:14

where is lessmoney now ?

[stockonomist] 24/4/2014 22:25

glug glug glug

[stockonomist] 16/4/2014 15:24

Really tanking now

AGM done and so it is chocks away

[stockonomist] 16/4/2014 10:26

so funny to look at the b.s. the lying conman brigade was coming out with just a few weeks ago

[stockonomist] 10/4/2014 16:13

Reminder

"In order to support its strategy for growth in the UK, MoneySwap continues to consider options such as equity or debt fundraising."

hmm you see that SPSM...

I can see a 80-90% discount placing here

moormoney

a penny for your thoughts, well 0.1p for your thoughts they aren't worth very much

[stockonomist] 10/4/2014 16:11

oh look it's getting shafted by mysterious selling

[stockonomist] 27/3/2014 11:42

all quiet now as those 'convertible shares' get dumped ?

[stockonomist] 26/3/2014 09:48

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

[stockonomist] 24/3/2014 12:40

LOL

oh look its the lying conmens favourite lemming

[knigel] 24/3/2014 11:34

Directors do not take shares AT A PREMIUM if its about to go bust!

[stockonomist] 24/3/2014 11:32

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"

[stockonomist] 24/3/2014 11:31

The Company is technically insolvent.

They are trying to do all they can to keep it afloat.

It is in desperate straits.

It could be Suspended Pending Clarification of Financial Position at almost any moment. They will need to do a massive fundraising to keep going and todays dilution and ongoing dilution will be massive.

the reaction to todays news should be the stock going to zero

[stockonomist] 24/3/2014 11:29

This guy is extremely IGNORANT or a blatant CONMAN. Judging by his previous I would say the latter.


moreforus
24 Mar'14 - 11:06 - 395097 of 395104 0 0

zero reaction to SWAP news

tough market!

[moreforus] 24/3/2014 11:03

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."

[ukinvestorshow] 21/3/2014 13:01

will be appearing at the UK Investor Show, 5 April 2014 at the , Westminster. Company directors will be attending the show. Be sure to turn up and ask any questions you have. Also attending will be , author of The Darker Side of Blinkx, who will be revealing some material not previously seen elsewhere. All £50 Gold tickets are now sold out, but there are still some £10 tickets left, click the button below to get yours.

[stockonomist] 18/3/2014 20:40

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"

[moormoney] 18/3/2014 17:16

Uk investor show will give a clearer picture. It takes time to build a company so I would not expect profits. I hope anyone at the show will stop at Moneyswap and give some feedback. Easy to be negative!

[moormoney] 18/3/2014 15:20

Good news today, all those HNW Asian customers flashing the cash through Union pay. I'm sitting patiently as Moneyswap grows steadily :))

[stockonomist] 12/3/2014 15:57

must be looking to do a placing then

[moormoney] 12/3/2014 15:55

Tom W says that Moneyswap have booked a stand at the UK investor show in April, I hope they stir a bit of interest for us long suffering shareholders. Anyone going to the show?