Member Info for miningforgold

Reading the recent Bangladesh related news in isolation misses the point. When you put it together, the picture is much clearer.

Fact 1

bKash has already processed 5 million inbound remittance transactions in 10 months, settled via Pubali Bank PLC, across 33 countries and 11 international MTOs, with instant wallet credit and government FX incentives so proven national scale infrastructure

https://www.thedailystar.net/business/organisation-news/news/bkash-sees-50-lakh-remittance-transfers-through-pubali-bank-10

Fact 2

The bank and bKash went fully 24/7 with automated cash and liquidity management for agents and distributors. We now have always on settlement, real-time liquidity, and no banking cutoffs. Pubali is clearly acting as the core settlement and liquidity bank behind bKash.

Fact 3

We confirmed our collaboration goes live next week giving real-time disbursement into bKash wallets, wallet-to-wallet remittance, fee share plus FX income targeting 900,000 Bangladeshi workers in Malaysia .. 37% of foreign workers. At the time of the RNS, the question was whether this could scale.

With bKash already settling millions of remittances via Pubali, and liquidity now running 24/7 that question is effectively answered in today’s news. We ain’t building new rails in Bangladesh we are plugging into an existing, regulated, alwayson digital money system that’s already operating at scale.

We don’t need a RNS naming a settlement bank becauseCorrespondent and liquidity banks don’t get headline mentions, they run the infrastructure and Pubali is already doing that job for bKash. The board’s comment about near-term revenues being “modest” is sensible caution and the risk profile has shifted to proven settlement at scale,24/7 liquidity, fees and FX participation, zero infrastructure rebuild.

All to play for

"Mining for gold , then I guess you would of sold out by now or are you one of those side lines investors who never really invest just pass time and observe .. mmmmm Great pass time ..fact .. Time is our biggest asset .. it really is .."

Not sure what you mean, sorry?

We listed in 2007 with 94m shares.

Fast forward to today, Feb 4th 2026 and the share count is 106m

That’s a net increase of 12m shares in 19 years !!!!!

Total dilution is around 12.8% since admission

Annualised dilution 0.6–0.7% per year

Just Let that sink in for a moment

Most AIM companies manage that level of dilution in 12 to 18 months, not over two decades.

All of this is visible in the original admission document and today’s information

https://www.mobilityone.com.my/v7/admission-report.html

For an AIM listed fintech/payments business, or in fact any type of business this level of capital discipline is exceptionally rare, in fact I would love to see a chart which shows this type of information and statistics!

According to a Grant Thornton, 75% of all funds raised by AIM companies since 2007 have been through secondary issues.

I've only ever really looked at this since you mentioned the shares held by the BOD (which I've always known is very high) so thanks for pointing that out mxd, very good spot!!

"Insider Ownership: Approximately 70% of the shares are owned by insiders, which can make the stock harder to trade and potentially limit liquidity for smaller investors."

That's all we need to know, thanks!

'the Board currently expects any resultant revenues or earnings contribution to the Group in the next 12 months to be relatively modest.'

Old news me ol' China

Pubali Bank is the largest commercial bank in Bangladesh, they have more branches than any other autonomous bank in the country

MBO’s 22 Jan RNS confirms real time wallet-to-wallet remittances into bKash go live next week and we will get fee share + FX income, targeting the Malaysia to Bangladesh corridor which was about 900k workers

Now add in the new Pubali Bank and bKash deal we've got 24/7 automated cash management for bKash’s agent network, MBO is now in this network, plugging into a bank backed always on wallet rail at the receiving end.

Very good news!

Pubali Bank

Yes mxd, honesty and realism from the board. A rarity these days! Under promise and all that

Worlds away from the usual AIM RNS fluff where everything is “transformational” “imminent” “ready to fly” but nothing is ever quantified or delivered and return zero for shareholders.

This is real infrastructure being put in place into bKash wallets, who have access to 82m users, and a very clear initial target market of 900k Bangladeshi workers in Malaysia, no hype at all

I’m invested in other company’s where the RNSs sound mouthwatering on paper but taking forever to deliver anything.

Here, the Board is doing the opposite setting expectations low, explaining the mechanics, and letting execution do the talking.

Genuinely surprised at the amount of revenue they generate across their markets, the Islamic licence will be insane.

Regarding the extension, it’s disappointing as it would be for anyone. That said, the most positive takeaway is that the company has not walked away from the process!

They clearly still have significant capital and commitment tied into it, which suggests this is more about complexity and execution than abandonment. These processes are often far more involved than initially anticipated. I do apologise if I came across as overly confident that the February deadline was firmly set for the 20th, while that was my view at the time, it’s clear there are many moving parts. Good news is that it could still conclude at any point, in my opinion, and the underlying intent appears very much intact.

22 January 2026

MobilityOne Limited

("MobilityOne", the "Company" or the "Group")

Mobile Money Transfer Collaboration with bKash Limited

MobilityOne (AIM: MBO), the e-commerce infrastructure payment solutions and platform provider, announces that its wholly owned subsidiary in Malaysia, OneTransfer Remittance Sdn Bhd ("OTR"), has agreed with bKash Limited ("bKash"), a leading mobile financial services provider in Bangladesh operating under a license issued by the Bangladesh Bank, the central bank of Bangladesh, to formally commence a mobile money transfer collaboration by 15 February 2026 (the "Collaboration").

The Collaboration, amongst other matters, was originally outlined in the Company's notification on 26 September 2025 as expected to go live in the next few months.

Based on the terms of the Collaboration, OTR will be entitled to a share of the fees generated through remittance transactions that will be disbursed into bKash account holders as well as income from foreign exchange transactions. OTR will be able to directly disburse funds into bKash e-wallet accounts for any remittance transactions facilitated in OTR's branches and through OTR's mobile application. This arrangement allows for real time disbursement into bKash e-wallet accounts. This new service offering, paired with MobilityOne's e-wallet services, MiPay, will enable wallet-to-wallet remittances for the Bangladesh corridor.

The Collaboration is in line with the Group's plans to digitalise OTR's range of services to enable faster and cost-efficient remittances to its users, particularly for foreign workers in Malaysia originating from Bangladesh, who are estimated to account for 37% of the foreign worker population in Malaysia. In this regard, according to data from Malaysia's Ministry of Human Resources, as of mid-2025, there were approximately 900,000 Bangladeshi permit holders registered in Malaysia, therefore supporting the strategy to digitalise OTR's range of services.

Based on data published by the Central Bank of Malaysia, there has been a significant increase in e-remittance adoption in Malaysia, with over 40% of outward remittances completed digitally in 2024. It is with digital innovations and cross border collaborations such as this, that OTR plans to increase its market share in remittances by converting more customers from traditional cash-based remittances to e-remittance by providing faster and cost-efficient services.

Haha yes, still here!

I’ve pretty much exhausted the research side now to be honest. At this stage it’s just a case of waiting for SEC approval or company news, there isn’t really anything new to analyse until one of those drops I don’t think?!

All good though, just been tied up with other things in the meantime. Thanks for asking!

Remember folks - You can only sell once!

Not been around for a few days with other priorities, but checking back through the historical trades it’s encouraging to see how well the price is holding up.

Volume stepped up to 4.3m, the highest in four sessions, and despite the volatility the price finished green at 7.25 +3.6%

What really stands out is how sell pressure is thinning as price rises, earlier in the move we saw larger clips going through at lower levels, but above 7.00 the sells are noticeably smaller, with bids consistently absorbing stock.

This feels far more like consolidation after a sharp move. Structure is holding, higher lows forming on the intraday chart, and volatility is beginning to compress.

All of this as we head toward the Feb 20th extension deadline, just 22 business days away! As this window narrows, it wouldn’t be surprising to see increased volume continue and volatility at higher levels, offering liquidity for those looking to exit and opportunity for those positioning ahead of the SEC approval catalyst.

Relentless block selling 😂

I wouldn’t count 7 trades as “relentless”

And of course you’ve discounted the buys that also went through between 16:15 and 16:30

Total BUY volume 376,258 shares

Total SELL volume 400,000 shares

At least give both sides of the story if you’re going to scaremonger!

Also look at the trades on the ADVFN trades feed.. they’re all duplicated entries 😂 likely to be some sort of manipulation to give the idea there’s actually more sells than there actually is .. wonder why no other trades reported duplicated apart from the 50,000 ones ???

It’s all there in black and white for anyone to check 😂

Using the Trump Media SPAC as a reference. The SPAC was Digital World Acquisition Corp. the final registration statement amendments were filed in mid January 2024 and SEC declared EFFECTIVE on 14 February 2024

Time from the penultimate amendment to EFFECT was just 27 calendar days or around 20 working days and that was for a deal that Faced exceptional political and media scrutiny and had also been under review for over two years. Once the SEC was satisfied, final approval was procedural a the last amendment and EFFECT landed on the same day. The longest, quietest, and most frustrating phase in any SPAC is usually right before clearance which is worth bearing in mind when judging current timelines from the last amendment we uploaded to the SEC was January 31st and a few bank holidays / weekends to yaw into consideration before the 20th February extension deadline!

Someone selling around £26,000 / 350,000 shares (7 × 50,000) into the close on a Friday… and you seriously think that’s going to trigger a holdings reduction RNS? 🫣

“Might even see a holdings reduction RNS after all those 50k dumps yesterday”

Come on man, be really! Anything meaningful would show up as persistent selling over days, not a handful of small prints into the close 😂 the structure of those trades matters even more than the size (which is next to nothing anyway) Selling into the close on a Friday afternoon is classic book squaring / shortterm traders flattening risk. That is not how strategic holders reduce positions. If someone was genuinely exiting size, you’d see sustained pressure, the bid getting hit all day, and follow-through. None of that happened and the over all volume for the entire day was 2.1 Million 😂

https://uk.finance.yahoo.com/quote/MBO.L/history/

Not to mention any other holdings RNS’s could drop anytime from the USA, for example:-

“An investment manager reports a material 14.08% position, indicating concentrated institutional ownership of TETEW Class A shares.

The Schedule 13G/A shows a substantive, reportable stake equal to 14.08% of the Class A ordinary shares, held by funds and managed accounts advised by Meteora Capital. The position is recorded with shared voting and dispositive power, and no sole control. As a disclosure, this is material information for shareholders because it quantifies a large, concentrated holding by an investment manager without indicating an intent to control.”

Meteora Capital 14th August 25

Hi Stay calm

From what I can see there are no material amendments to the “Deal structure” “Consideration” “Ownership percentages “Parties involved” nor the “Business combination mechanics”

What has changed though is documentation completeness, specifically the latest filing adds the following (you can see this down the bottom of the filing

Executed and signed audited accounts to 31 December

Updated business combination financials reflecting those audited numbers.

Re submission and inclusion of the September 30 2025 agreement confirming the sale is still valid between us and Super Apps

http://edgar.secdatabase.com/888/149315225018103/ex10-25.htm

For a registration statement to be declared EFFECT, they need to see the final, executed version, properly dated and signed. Filed as a material contract exhibitand consistent with the narrative disclosure

SEC will almost always come back and say something along the lines of “Please file the executed agreement relied upon for this transaction.” The fact they’ve uploaded it recently dated as opposed to the original copy, is a procedural request imo and this is why I think we’re very close.

Think of this like a junior miner waiting for assay results or an oil explorer drilling to TD

At this stage hole has already been drilled, core been logged, target zone has been intersected, the rig hasn’t been packed up and one is talking about abandoning the well

What’s happening now is all samples being assayed, the data being verified, Chain of custody paperwork being completed. That’s not where projects fail. They fail earlier when the drill bit misses the structure… or run out of money.

I’d say 90/10 but I’m biased and ultimately optimistic about the future here as an overall business especially with the recent increase in sales and reduced costs and of course, Islamic banking possibilities!

I think we see a rally before the news as people take the bet on the significant upside v risk potential of an RNS dropping anytime. TETE announced an RNS on 19/08/2025 at 22:01 few months ago, imagine the gap up if they do the same for the SEC EFFECT news 🤯

Also, read the annual report 2024. Not often you read this on AIM and it matters more than people realise.

Buried in the going concern note is something you almost never see stated this clearly..

“The option of an issue of shares on AIM is available, albeit the Board has no current plan to seek a placing.”

Most AIM companies in a similar position hedge their language. They leave the door wide open to dilution. They talk about “funding options”, “capital flexibility”, or “additional resources may be required”.

Here, the Board does the opposite and explicitly say yes, a placing is possible in theory, but it is not part of the current plan. This alone changes the risk profile. Then have a look at why they’re comfortable saying it. They’ve stress tested a downside scenario such as TETE merger delayed or fails, prepay mobile sales below expectations, gross margins compress or other revenues don’t grow as hoped.

And even under that prudent downside case, they conclude that the costs are largely variable, not fixed, they have limited committed spend unitikised headroom with banking partners and most importantly “continuing financial support from the CEO” who owns over 60% which I think is very significant.

That last point is massively underappreciated.

CEO support isn’t a vague statement of encouragement, it’s a practical backstop. Liquidity risk is mitigated without going to market. Short term shocks don’t force a discounted placing and us shareholders aren’t immediately diluted at the first wobble! Combine that with the base-case assumption, cash within 14 days of merger completion, cash within 180 days and shares in TETE JV. The company is saying, accounting language that we can fund operations, meet obligations, and invest without tapping equity markets and Auditors don’t sign off on that lightly!

The market still prices this as practically worthless and that’s the disconnect to why I believe humungous returns.

If dilution doesn’t happen or even just gets pushed far out, the valuation maths changes materially and those rerating come quietly, when cash lands or simply when the feared placing… never arrives!

This hasn’t been kept alive for free. The sponsor has already put millions in interestfree loans on the line to fund extensions and keep the structure intact. If the deal doesn’t complete, that money doesn’t magically come back. It’s gone! Sponsors don’t keep writing cheques like that unless they believe the end result is worth it, with proper skin in the game ($Millions)

This isn’t a stale filing from years ago. The Form F4 has been amended repeatedly through 2024 and 2025, with the latest amendment filed and accepted on December 31, 2025. Every amendment means SEC comments addressed, disclosures tightened, numbers refreshed, auditors and lawyers paid again.

Dead deals don’t keep moving through the SEC system like this.

September 2025 confirmation letter has been formally included as an exhibit in that December filing. That letter reconfirms the commercial terms around JV it was signed, stamped, and resubmitted into the live SEC registration.

Also the underlying Malaysian agreements. These are properly executed, stamped supplemental agreements with clear closing and post closing mechanics, which are enforceable documentation sitting underneath the SPAC.

Said it a million times but this completes, we receive £10m from the SPAC, plus a further £4m at $10 per share! Real capital at a defined valuation. Combine that with reduced costs, new business lines and improving operational leverage, and you suddenly have a company going from survival to growth mode.

We have got ongoing SEC filings, fresh auditor consents dated December 30, 2025, legal opinions reaffirmed, and a sponsor with real money already committed. For me, that’s exactly what a genuine turnaround setup looks like. Either it fails and the sponsor loses millions, and we buy back OneShop for pennies or it lands and people suddenly pretend it was obvious all along!

I actually added to my position this afternoon and just holding through the noise for the chance of humungous returns judged on what’s been filed, signed, funded and reaffirmed 31/12

Also worth mentioning that Monday is Martin Luther King Jr Day & 16 February isPresidents’ Day in the USA which leaves us with only 24 working days left til the deadline, and news can drop any time especially with the time zone difference.

When you see 200%+ churn and price is still holding near highs, it tells me weak hands are gone. Early risk takers exited into strength, new holders entered at higher prices and ownership base has rotated up the curve. I think the float is now in stronger hands at higher cost?

Over the last 11 trading sessions over 200% of the free float has changed hands yet our price remains near highs on collapsing volume. Looks like ownership transfer and seller exhaustion. The Volume today is the lowest since the rise began, at only 1.8 million shares. Could be a good time to top up tomorrow. I just don’t want to ruin my average!

Isn’t crazy how the share price at 10:06 went from 10 v 10.5 to 10 v 11 to 10.5 v 11 within 5 minutes of that 230k trade then 10.5 v 11.5 3 mins later a then 11 v 12 at 10:22

Almost as if it doesn’t matter