Posted On: 03/23/2016 5:06:39 PM
Post# of 537
from FB:
I've been asked to comment on Africa and the share price.
African can literally go anytime with the PR announcement, we're just waiting on word from them, we do not need to do anything else unless they present something new.
One of our lenders converted their loan into stock and sold it. Unfortunate timing but due to the delay in Africa launch we were unable to repay it in time. We hope to be able to repay future mature loans instead of converting them.
Obviously we expected Africa to be announced in 2015, and that would reflect positively on our revenue, and stock volume & price by now. Therefore the primary focus of our resources has shifted from Africa, until it can be launched, to the completion of eMobile and US operations and revenue streams.
I've been asked to comment on Africa and the share price.
African can literally go anytime with the PR announcement, we're just waiting on word from them, we do not need to do anything else unless they present something new.
One of our lenders converted their loan into stock and sold it. Unfortunate timing but due to the delay in Africa launch we were unable to repay it in time. We hope to be able to repay future mature loans instead of converting them.
Obviously we expected Africa to be announced in 2015, and that would reflect positively on our revenue, and stock volume & price by now. Therefore the primary focus of our resources has shifted from Africa, until it can be launched, to the completion of eMobile and US operations and revenue streams.
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