Member Info for Munters

And...........

LG Uplus – a South Korean cellular carrier owned by the nation's fourth largest conglomerate, LG Corporation – is launching a blockchain-based overseas payment service.

Announced Sunday, the trial effort will see the company working with partners in Japan, Taiwan and the U.S. to offer users of three mobile carriers cheaper and faster payments when travelling internationally.
Aimed to help users avoid costly international card transactions and speed up the payments process, the service bills for transactions through the carriers to be paid in users' home countries and in their national fiat currency via their mobile bills.

GL.

Im not going to clog your thread up ok , you are doing an excellent job of that already.
I will leave you with just 2 examples of recent corporate activity in this sector.
I could fill this thread with examples so remember this is just 2 recent ones.
BLOCKCHAIN..wipes out DCB and Bango.

Softbank Corp. vice president Takeshi Fukuizumi commented in the announcement:

"This RCS and blockchain based mobile payments PoC demonstrates the value operator-led services can deliver. Not only do we foresee our new mobile payment service empowering merchants to operate digitally, and at a scale that was previously only available to big brands, but it will also give our customers more flexibility when it comes to their purchasing and traveling habits."
BCASoft has been working with SoftBank, under the Carrier Blockchain Study Group (CBSG) Consortium, to deliver the platform called CCPS (Cross-Carrier Payment Service), which helps mobile payment services among telecommunication carriers.

Sigh............Look.
Ripple are partnered with ?.....take a stab at it...? No ?
Ok I will tell you.
VISA.

This company is most certainly not a giant it struggles to even be a minnow.
Ripple has the wealthiest bankers and stock market movers and shakers from around the globe on it's board and on its payroll.It is worth Billions and most say will become bigger than amazon in value.
Oh...they work with Amazon.
The wrok with almost everyone that matters.
But not just them, likewise Steller and EOS and Cardano and even Etherium.
DCB is old tech it is no longer required .
Softbank Corp in Japan has just finished testing.
They likee.
Beam wallet is another.
Ripple is creating a mobile payments system with UBI or whatever their called.
This is happening now!!
Ripple deals with the worlds top bankers banks and financial institutions at the top table and at government level.
Does Ray?

Sayonara Bango.

RIPPLE is already in real time use Xrapid was launched 2 weeks ago.
There is no need anymore to pay a middleman (Boku Bango) for something that is now being done for free
Carrefour the supermarket giant has started using it to track produce as have many others.
Ripple is not interested as such in mobile payments as the sector is far far far too small with very little money in it compared to bank to bank currency transfers ($4.7 trillion per day every day.)
However, Ripple is supplying offshoots and collaboration companies to use it for mobile payments and it is being used now in trials.
Be in no doubt Bango is the 8 track stereo in a digital world.
Nice attempt but no cigars.

As you can see today , shares like this that don't make any profits at all tank at the slightest hint of trouble and they tank by lots, but they recover if at all by very little.
One step forwards and 2 steps back.
Gl

I have been on here warning the share is overvalued over rated and will collapse.

I respond to questions and posts referring to me, other than that I allow lemmings to do their thing.

You clearly have no idea what blockchain is and what it does.
Its an immutable ledger and like Ripple its FREE.
Ripple can move payments bank to bank or mobile to bank or retailer in 3 seconds and for free.
Ripple are one of many working and trialing their systems in this sector.
Steller and Ripple or Cardano or EOS they can all do the job that BGO does but for free and much more securely.
Some are doing it right now.
The worlds top banks are backing it Goldmans owns Steller for example.
Ripple has 150 of the worlds biggest banks backing it partnering it and supporting it.
They have billions of $ at their disposal.
BGO has a withering £5m and more losses to contend with.
Enjoy the next placing.
BGO have not looked at blockchain, what Ray said was that they could enable people to pay using BTC on their platforms lol .He too clearly doesn't get it which is another worry for you.
Your a luddite.
Oh and before you start Bitcoin is not blockchain lol.

14 years lol 14 years they been spewing out that guff!!
What does it take for you novice investors to "get it" ?
Blockchain wipes this companies prospects out in an instant.
BGO are a loss-making middle man , ,there is no need for them in the future thats just around the corner.
You hang on to your dream though, and keep buying those scratch cards.

You are right that nothing has changed, it is still loss making.
I see nothing that's going to change that lifetime of the company habit.
But you fill your boots, there is no shortage of paper.

What astonishes me is that you think investing in an unproven very high risk 14yrs in a row loss making money pit like this that has a never ending history of jam tomorrow promises and has never delivered a single penny of profit ever company, is a wise thing to do.
A 10 year bull market teetering on the edge of collapse and you think this is the sort of company to invest in!!
Astonishing!!
Unproven loss making tech always gets hit first and hardest and it will not recover from here.IC pump and dump puffery wont help you now.
This was a screaming sell and avoid months and months ago.
Astonishing that you never noticed.

Solid figures? lol
They have never ever made a single penny profit ever and last results had a £2.3m loss.
Thats what the stock market will judge them on.
The real business you speak of has yet to be proven.
Anyone can buy revenue with other peoples money even you.
Dow currently in freefall at over 770 points down means this could become very nasty tomorrow.

Oh but I beg to differ.
The drop started on the 1st of Jan 2018 and it has been falling steadily ever since.
You can polish it as much as you like but the CFO left for a reason and not the reasons given.
I fully expect this to hit £1 tomorrow and if it doesn't hold then it will get very nasty.
The Dow is continuing to tank tonight so 8am tomorrow will be a bloodbath in the UK unless the Dow can recover some before 9pm.
Tech stocks are getting hit hardest and companies that make no profits and that are built on hype will get the full brunt of this long overdue collapse.

I don't think we are being told the whole truth here.
Look at the chart this is in freefall despite the market's woes, it was falling before this market downturn began.
Something is not right here and you can say all you like the proof is in the share price performance and lack of urgency from the company.
Hope there is not a CAKE style scenario going on with the accounts here!!
But one thing is sure, all is not as they are making out.

It is a very liquid stock and trades of that size are quite easy to complete in the open market.
Now that they have been completed they can let the price go.
A lot of slack in the shares will have been taken up and we are good to go re the Buy and Build at MXLG and the recovery at IDE.
Tax is doing fine as it is and AD4 needs put out of its misery and ours permanently.
This is a very good time to be buying MXCP.

They already made it clear in the RNS regarding the buyback that the shares would be bought in the open market.
These trades are perfectly normal.They will have given their broker who in turn placed the order with their market maker.They would have then been filling this order for the past week.
The trades are not that large in the scheme of things.
They had to get these trades through in almost 1 go so that the price did not get spiked.
It was in their interests to place it as an iceberg and did not have to notify the trade until it was complete.Or in this case the tranches were complete.
Now that this has more or less been completed they can get on with the real job in hand of making those share buys very profitable ones.

More large trades going through again today.
Looks like someone is loading up ahead of the news!!

Other Ravenscroft clients perhaps or other funds watching what Ravenscroft are up to?

Either way something is about to blow.

Simon 'DOBBER' Duckworth must be feeling a complete fool.
He was buying this rubbish at 7p lol.
This shower dont even have full time directors , nobody wants the job full time.
The finance director is a temp stand in and they cant find anyone willing to take on the job.
And the Chairman is a non exec (temp) because again nobody wants the job.

Nobody of worth wants to be associated with this trash and who can blame them.

Basically there is NOBODY RUNNING THIS COMPANY.
FACT.

"The plan is for further acquisitions over a three-year period. SICL was the first one made and the plan is to acquire other businesses whereby we all have complementary services spread over the UK so that we can all work cohesively," she said.

Hemingbrough also said that any acquisition made by MXLG will be an IT company which it will then grow organically.

Since starting her role at the end of June, SICL has added 10 more to its headcount, and Hemingbrough stated that the firm will continue to grow staff over the next three years.

"Part of MXLG's plan is not just to acquire, but also to grow each business that they acquire, so it's organic as well as acquisitive," she said."

Excellent research guys that really is must read stuff.

Read Raleighs link and you will soon see the caliber of people who have just bought 25%of MXCUK.

Then read Jayfellas link to get an idea of where this is going ...
"Then it was acquired by MXLG and they got me in and told me about the plans they had in relation to their organic growth and acquisition trail and I got really excited. So I hung up my self-employed hat."

This is going to be much much bigger than any of us could have imagined.
What with Andy Parker joining the IDE board it shows the top level of people who are getting onboard this train.
This is going to go viral or whatever it is the young un's say.
GLUCK

They might even sell Sagacity to MXLG in which case hello Xmas.
Either way as you said the next few months should be very exciting here.
Gluck

I think it will be around £200m and rising in the not too distant.
IDE just signed Parker , it is like your corner shop taking on Richard Branson part time.
Yes Parker has had his failings but he is a top drawer exec and wont be there for fun.
His contacts and door opening skills no doubt.
The whole group is starting to buzz and come alive again just like Smith said it would the day he took back control.
IDE could make them £50m pure profits in share value alone, remember they will own just under 50% of the reorganized company.
Think if they had held 50% of CTP lol.
They are really getting things going here and with the buyback soon to begin this is going to fly.
GLUCK