Forum: Financial Investment Forum. - This forum is for financial topics only. Please adhere to forum rules. Violators will be banned from this forum and possibly the entire site.

Thread: For gamblers only, any in here ? GRSU

Page 4 of 4 FirstFirst 1234
  1. #76  
    RX Senior brucefan's Avatar
    Join Date
    Jan 2005
    Location
    wellington
    Posts
    1,908
    8K FILING http://archive.fast-edgar.com//20170...ZG4LFCZWR6292/

    Item 1.01 Entry Into A Material Definitive Agreement

    On July 20, 2017, Weyland Tech, Inc. (the “Company”) entered into an advisory agreement with TMC Prime Pte. Ltd (TMC) for the sourcing of strategic investments into the company by Southeast Asian technology companies and high net worth individuals with experience investing in technology companies TMC will commit to fund up to $10 million USD over a period of one year via direct investments.


    The principals of TMC are former founders and executives of regionally based systems integrators, cloud services and mobile telephony companies.




    Item 9.01 Financial Statements and Exhibits


    (d) Exhibits


    10.1 Consulting Agreement
    Reply With Quote  
     

  2. #77  
    RX Senior brucefan's Avatar
    Join Date
    Jan 2005
    Location
    wellington
    Posts
    1,908









    Weyland Tech, Inc. (OTCQB: WEYL) Sources Strategic Investment for Expansion into Indonesia















    Wed, 26 Jul 2017 17:24:09 GMT | MarketWired | Symbol:


    HONG KONG--(Marketwired - Jul 26, 2017) - Weyland Tech, Inc. (OTCQB: WEYL) (the "Company") entered into an advisory agreement with TMC Prime Pte. Ltd (TMC) to secure strategic investments by Southeast Asian technology companies and high-net-worth individuals with experience investing in technology firms.
    TMC will commit to fund up to $10 million USD over a period of one year via direct investments into Weyland Tech.
    The funds are intended to be used for expansion and pilot programs aimed at exploiting the huge potential in the rapidly expanding Indonesian mobile commerce (m-commerce) market.
    The principals of TMC are former founders and executives of regionally based systems integrators, cloud services and mobile telephony companies.
    Matthew Brent, Head of Strategic Development/Productization at Weyland Tech commented: "Indonesia is quickly becoming one of the most important emerging markets in the world, driven in large part by the high rate of mobile adoption and increasing e-commerce participation. We're very excited about the opportunities that this strategic funding opens up for us as we continue to pursue our mobile-first approach through partnerships, strategic investments, and acquisitions across the region."
    Safe Harbor Statement
    Reply With Quote  
     

  3. #78  
    RX Senior brucefan's Avatar
    Join Date
    Jan 2005
    Location
    wellington
    Posts
    1,908





    PRESS RELEASE Weyland Tech, Inc. (otcqb:WEYL) Updates Investors on Uplisting Status



    By
    Published: July 31, 2017 11:03 a.m. ET
    SHARE




    HONG KONG, Jul 31, 2017 (Marketwired via COMTEX) -- HONG KONG--(Marketwired - Jul 31, 2017) - Weyland Tech, Inc. (otcqb:WEYL) (the "Company") would like to update shareholders on the status of its NASDAQ application for uplisting and address several key issues regarding market rumors.

    Advertisement


    As indicated in previous filings with the Securities and Exchange commission, the Company has filed its NASDAQ application and the standard review by NASDAQ staff is in process. We understand that that process can take up to twelve months. We have responded to initial comments and requests for information by NASDAQ staff, and those responses are under review. We have not been given a definitive timeline for approval, nor have we been notified that our application has or will be rejected. We believe that the Company currently qualifies for inclusion to the NASDAQ Capital Market and that our application will be approved following NASDAQ's normal and standard review period and processes.

    In the interim, the Company's management has been made aware that it qualifies for the OTCQX, the highest tier of the OTC Markets Group where a number of esteemed companies such as Roche Holding, Allianz, BNP Paribas, BASF, Adidas and numerous others are listed. There are currently only 406 companies listed on the OTCQX, and the management of Weyland Tech is pursuing a transition to the OTCQX while its NASDAQ application is being processed.
    Further updates will be forthcoming.







    Reply With Quote  
     

  4. #79  
    RX Senior brucefan's Avatar
    Join Date
    Jan 2005
    Location
    wellington
    Posts
    1,908
    Reply With Quote  
     

  5. #80  
    RX Senior
    Join Date
    Oct 2004
    Location
    Minnesota
    Posts
    1,777
    I was tempted to buy some of this..... so far glad i didn't. Now it seems down quite a bit and I am tempted again but the little voice in my head is saying no. Seems like it is only going down lately.
    Reply With Quote  
     

  6. #81  
    RX Senior brucefan's Avatar
    Join Date
    Jan 2005
    Location
    wellington
    Posts
    1,908
    There is a major problem with a block of 800k shares sold , that is in dispute . The company is going to court to get this resolved , but the stock is being held down by the shorts to reduce the carrying costs as well as keep the stock off NASDQ . This has potential to be one of the biggest short squeezes you have even seen, but even if something gets negotiated before the quick approaching deadline, this company will be blowing and going with news shortly . Very thin stock, 5000k shares moves it either way . Many institutional investors waiting to buy once they get uplisted . Do not miss this stock . Scale in i f nerveous , and buy more higher , or lower .
    Reply With Quote  
     

  7. #82  
    RX Senior brucefan's Avatar
    Join Date
    Jan 2005
    Location
    wellington
    Posts
    1,908
    Quote Originally Posted by brucefan View Post
    There is a major problem with a block of 800k shares sold , that is in dispute . The company is going to court to get this resolved , but the stock is being held down by the shorts to reduce the carrying costs as well as keep the stock off NASDQ . This has potential to be one of the biggest short squeezes you have even seen, but even if something gets negotiated before the quick approaching deadline, this company will be blowing and going with news shortly . Very thin stock, 5000k shares moves it either way . Many institutional investors waiting to buy once they get uplisted . Do not miss this stock . Scale in i f nerveous , and buy more higher , or lower .
    http://www.ded.uscourts.gov/sites/de...uly/17-446.pdf
    Reply With Quote  
     

  8. #83  
    RX Senior brucefan's Avatar
    Join Date
    Jan 2005
    Location
    wellington
    Posts
    1,908
    Weyland Tech Continues Growth & Discloses More Than $6 Million in Revenue and Updates Shareholders on Its Business Strategy






    MarketwiredAugust 24, 2017





    HONG KONG--(Marketwired - Aug 24, 2017) - Weyland Tech, Inc. ( OTCQB : WEYL ) ("Weyland" or "Company"), a provider of mobile business applications, today provided a shareholder update on the heels of filing its second quarter financial results. The results may be found in the Company's Form 10-Q filed with the Securities and Exchange Commission. A more comprehensive description of the Company's business strategy is also discussed below.
    Quarterly Highlights
    Results of Operation
    Service Revenue
    Service Revenue was $6,476,022 and $6,394,984 for the six months ended June 30, 2017 and 2016, respectively. The increase is due to the service income from our customers.
    Although only slightly higher than the previous reporting period, there was a pricing reduction by our partners that was designed to incentivize resellers to increase the number of subscribers renewing their subscriptions based on lower pricing. The company expects revenue to per subscriber to grow as additional transaction services currently in development are deployed.
    Cost of Service
    Cost of Service was $5,095,509 and $3,673,639 for the six months ended June 30, 2017 and 2016, respectively. Included are development costs of $ 390,772 (2016: $1,750,000). The increase during the period reflects our revised normal gross margins for our core subscription business.
    Although booked as Cost of Service, our audit committee and our auditor, took a highly conservative approach and will reclassify as R&D in the coming quarters.
    Operating Expenses
    General and Administrative expenses were $478,893 and $493,188 and for the six months ended June 30, 2017 and 2016, respectively.
    Net Profit (Loss)
    The Company had a net profit of $745,536 and $2,259,327 for the six months ended June 30, 2017 and 2016, respectively. Gross margins decreased from 43% to 21% for six months ended June 30, 2017, decreased from 28% to -11% for three months ended June 30, 2017.
    Included in Net profit was amortization of $175,967 for the six months ended June 30, 2017. (2016: $125,000).
    Updates on recent partnerships
    DPEX Worldwide - In December 2016, the Company and DPEX announced a strategic relationship Weyland and DPEX have been working on launching the DPEX m-commerce platform and are targeting early to mid-September 2017 for official launch. Further details will be forthcoming.
    Faith United O2O - On May 1, 2017, the Company signed a software development agreement with Faith United Technology LTD, a Hong Kong based software developer. Weyland Tech and Faith United are collaborating on Online-to-Offline ("O2O") applications initially targeting the food service industry. Weyland Tech believes O2O solutions allow merchants to reach online buyers that are not directly served by Third Party Logistics providers ("3PL") but can reach more centralized physical locations for pick-up.
    During Q3-2017 an initial closed beta is being designed with potential for initial revenues on the O2O platform possible in Q4. This closed beta will be used to refine the O2O platform for subsequent license to Restaurants, Central Kitchens and Food companies.
    Our Future
    The Company's team, after building a business platform over the past two years, has learned much about the impact of mobile business apps and the impact it can have on a small-medium-sized business ("SMB").
    There are currently four key areas of focus that the Company is expanding upon:
    1) Increase Access to and Reduce M-commerce Transaction friction in SE Asia
    Weyland is focused on marketplace tools and services that support the establishment of a leading marketplace for SE Asia. The objective to deliver tools and marketplace services needed to create South East Asia Alibaba's, EBay's or Etsy's.
    In SE Asia payment, delivery/logistics and marketing for e-commerce differ from the US, European and North Asian approaches and are just emerging.
    Importantly m-commerce is e-commerce as the mobile phone is the first platform upon which consumers can transact e-commerce. Additionally, small businesses (SMBs) constitute the vast majority of businesses and a smaller but significant amount of commerce.
    As a result, WEYL first focus is on providing m-commerce applications and tools for SMBs to create their own. There is huge incentive for SMBs as entire "Taobao villages" have been created in China as the result of creating that market place. WEYL seeks to drive this opportunity in SE Asia.

    https://qz.com/899922/once-poverty-stricken-chinas-taobao-villages-have-found-a-lifeline-making-trin...
    Three of the most populous countries in the world and the three most populous in the ASEAN region are Indonesia, the Philippines and Thailand. Weyland Tech has strategic partnerships in all three as well as the other ASEAN nations.
    2) Strategic Partnerships Build Strong Barriers to Entry
    A strategic partnership with DPEX, one of the ASEAN regions incumbent logistics players with infrastructure throughout ever country in the region, enables Weyland Tech to provide delivery for e/m-commerce customers
    Weyland Tech has partnered with and is finalizing partnerships with major payment gateways in the region AND also the incumbent telecoms which provide payment solutions to the disparate locales in countries like Indonesia.
    3) Acquisition, Development and Scaling
    In order to expand services that reduces m-commerce friction we expect the company will both build and buy Intellectual Property depending on time-to-market, available expertise and cost of either approach.
    The Company has met with and is in the process of evaluating several synergistic merger opportunities and believes that any proposed merger or acquisition will be accretive in nature.
    4) Partnerships With Other High Growth Mobile App industry Players
    The Company has been approached by several mobile app based companies including e-sports, online gaming and loyalty card providers. As opportunities present themselves, the Company will selectively pursue those providing they fit into our existing core competencies and business model.
    Summary
    The Company's management and partners believe that the current and historical business will evolve into a more scalable and higher margin business as the above initiatives are layered in.
    All indications of the current partnerships and ones in negotiation are believed to create a revenue opportunity that will in turn equate to an increase in market valuation and shareholder equity.
    The Company has been pursuing a NASDAQ uplisting, and is currently upgrading to the OTCQX market, the highest tier of the OTC Markets. The OTCQX is home to some of the World's largest companies including Roche Holdings, Adidas, Nestle, BNP, Allianz Financial, AXA Insurance and many others that chose to dual list on the OTCQX instead of the NASDAQ or NYSE.
    The Company will aggressively evaluate all options presented that enable an increase in shareholder value.https://finance.yahoo.com/news/weyla...133000675.html
    Reply With Quote  
     

  9. #84  
    RX Senior brucefan's Avatar
    Join Date
    Jan 2005
    Location
    wellington
    Posts
    1,908
    Aug 28, 2017 4:30 AM ET
    BUYINS.NET Issues Weyland Tech (WEYL) SqueezeTrigger Report

    iCrowdNewswire - Aug 28, 2017

    August 28, 2017 / M2 PRESSWIRE / BUYINS.NET, http://www.buyins.net, a leading provider of Regulation SHO compliance monitoring, short sale trading statistics and market integrity surveillance, has initiated coverage on Weyland Tech (OTCQB: WEYL) after releasing the latest short sale data through August 25, 2017. The total aggregate number of shares shorted since September 2015 is approximately 773,000 shares. Approximately 34.55% of daily trading volume is short selling. The SqueezeTrigger price for all WEYL shares shorted is $3.78. Shares of WEYL are expected to squeeze when they cross above the $3.78 SqueezeTrigger Price.

    http://www.buyins.com/reports/weyl8-26-17.pdf
    Reply With Quote  
     

  10. #85  
    RX Senior brucefan's Avatar
    Join Date
    Jan 2005
    Location
    wellington
    Posts
    1,908
    Bloomberg News: Weyland Tech Inc. Eurozone Partner Announces New Business Win & Enters Talks With eSports Partner


    eyland Tech Inc. Eurozone Partner Announces New Business Win & Enters Talks With eSports Partner HONG KONG -- (Marketwired) -- 08/29/17 -- Weyland Tech Inc. (OTCQB: WEYL) ("Weyland Tech" or the "Company"), a provider of mobile business applications, today announced that its exclusive eurozone partner, Augicom S.A., has entered into a partnership with Orange Pro. As part of this agreement, Weyland Tech's CreateApp will be made available to Orange Pro clients via "la Carte Pro" program or 'Pro Card' in English. On February 11, 2016, the Company signed an exclusive license agreement ("SLA") with Augicom SA of Switzerland ("Augicom") to market, sell and distribute the company's CreateApp platform in the Euro Zone, Madagascar and Tunisia. Augicom is an active provider of voice / data telecommunication minutes and has major partnerships with major European carriers including Orange, Colt Telecom, Deutsche Telekom and many others. The "Pro Card" program of Orange is a loyalty program for independent professionals and SMBs. Gilles Auclaire, Director of Augicom, commented: "We are extremely excited about the relationship with our Orange Pro partnership and believe that this is likely to become even stronger as commercial customer traction increases." It is believed that initial sales will begin the fourth quarter of 2017 or first quarter of 2018. Orange Pro operates under the business umbrella of Orange S.A., formerly France Telecom S.A., is a French multinational telecommunications corporation. It has 256 million customers worldwide and employs 95,000 people in France, and 59,000 elsewhere. In 2015, the group had revenues of EUR 40 billion. Orange S.A. is listed on the Euronext Stock Exchange under the symbol ORA and as an American Depository Receipt on the NYSE: ORAN. Additionally, the Company has begun exploratory discussions with an eSports video aggregation operator regarding a potential partnership and the building of an online betting app for the eSports industry. Due to the high growth of the eSports sector, we anticipate that the app would be marketed worldwide and find exposure through JV's with entities such as casinos and other gambling avenues. Further details will be released as progress is made. About Weyland Tech Inc. Weyland Tech's "CreateApp" platform focuses on the Asia markets. The CreateApp platform is offered in 12 languages and enables small-medium-sized businesses ("SMBs") to create a mobile application ("app") without the need of technical knowledge and background. SMBs can increase sales, reach more customers and promote their products and services with a simple easy to build mobile app at an affordable and cost-effective manner,http://www.weyland-tech.com/ Safe Harbor Statement This release contains certain "forward-looking statements" relating to the business of the Company. All statements, other than statements of historical fact included herein are "forward-looking statements." The statements regarding the continued growth of the mobile app segment and the ability of the Company to continue its expansion into that segment and the ability of the Company to attract customers and partners and generate revenues. Often these forward-looking statements are identified by the use of forward-looking terminology such as "believes," "expects" or similar expressions and involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks, and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this news release. The Company's actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company's periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). Expressly, all forward-looking statements attributable to the Company or persons acting on its behalf are qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume any duty to update these forward-looking statements. Contact: info@weyland-tech.comwww.weyland-tech.com

    Reply With Quote  
     

  11. #86  
    RX Senior brucefan's Avatar
    Join Date
    Jan 2005
    Location
    wellington
    Posts
    1,908
    DAMS Consulting (@DAMSConsulting)
    8/31/17, 9:24 AM
    $WEYL. Dope short sold another 70k below 3.25. My total close to 1m naked short going to be a nice squeeze


    BUYINS.NET (@buyinsnet)
    8/31/17, 11:48 AM
    Weyland Tech $WEYL crosses $3.76 Trigger Price that a #shortsqueeze begins. pic.twitter.com/9PFSGcNyHF
    Reply With Quote  
     

  12. #87  
    RX Senior
    Join Date
    Oct 2007
    Location
    New York
    Posts
    2,109
    Quote Originally Posted by brucefan View Post
    DAMS Consulting (@DAMSConsulting)
    8/31/17, 9:24 AM
    $WEYL. Dope short sold another 70k below 3.25. My total close to 1m naked short going to be a nice squeeze


    BUYINS.NET (@buyinsnet)
    8/31/17, 11:48 AM
    Weyland Tech $WEYL crosses $3.76 Trigger Price that a #shortsqueeze begins. pic.twitter.com/9PFSGcNyHF
    newbie here - does this mean to sell the stock? i bought in late @ 3.40
    Reply With Quote  
     

  13. #88  
    RX Senior brucefan's Avatar
    Join Date
    Jan 2005
    Location
    wellington
    Posts
    1,908
    No

    If. Someone is short they sold it hoping it goes down, so they can buy it back cheaper

    If it starts going up , so do their losses until they buy it back , driving up the price even higher

    A big move is coming , and it ain't down 😎
    Reply With Quote  
     

  14. #89  
    RX Senior
    Join Date
    Oct 2007
    Location
    New York
    Posts
    2,109
    Quote Originally Posted by brucefan View Post
    No

    If. Someone is short they sold it hoping it goes down, so they can buy it back cheaper

    If it starts going up , so do their losses until they buy it back , driving up the price even higher

    A big move is coming , and it ain't down 😎
    thanks for the dumb down response - have a great weekend!
    Reply With Quote  
     

  15. #90  
    RX Senior brucefan's Avatar
    Join Date
    Jan 2005
    Location
    wellington
    Posts
    1,908
    Notice the turn back up, and volume coming in
    Reply With Quote  
     

  16. #91  
    RX Senior brucefan's Avatar
    Join Date
    Jan 2005
    Location
    wellington
    Posts
    1,908
    Reply With Quote  
     

  17. #92  
    RX Senior brucefan's Avatar
    Join Date
    Jan 2005
    Location
    wellington
    Posts
    1,908
    Weyland Tech commences trading on the OTCQX U.S. MarketMarketwiredSeptember 12, 2017HONG KONG--(Marketwired - Sep 12, 2017) - Weyland Tech, Inc. ( OTCQX : WEYL ), ("Weyland" or "Company") a provider of mobile business applications, has qualified to trade on the OTCQX® Best Market. Weyland Tech upgraded to OTCQX from the OTCQB® Venture Market.Weyland Tech begins trading today on OTCQX under the symbol "WEYL." U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com. Weyland trades alongside over 400 U.S. and global securities on the OTCQX Market."We congratulate Weyland Tech on graduating from our OTCQB Venture Market to now trade on our OTCQX Best Market," said Jason Paltrowitz, Executive Vice President of Corporate Services at OTC Markets Group. "OTCQX companies are distinguished by their high quality financial and operating standards and their commitment to providing a superior trading and information experience for their investors.""Upgrading to OTCQX is an important milestone for us, and puts Weyland Tech in the same market as many esteemed global companies, including some that are part of the Global Fortune 500. The combination of higher visibility and greater exposure to institutional investors is of paramount importance to our shareholders, management, and Board of Directors," comments Brent Suen, Chief Executive Officer of Weyland Tech.Weyland Tech was sponsored for OTCQX by Joseph Gunnar & Co., LLC, a qualified third-party firm responsible for providing guidance on OTCQX requirements and recommending membership.
    Reply With Quote  
     

  18. #93  
    RX Senior brucefan's Avatar
    Join Date
    Jan 2005
    Location
    wellington
    Posts
    1,908
    Keeping and eye out for Gunnar to go up on the box as a Mkt Maker. If they do, I believe they could be there to represent a buyer , possibly big size
    Reply With Quote  
     

Posting Permissions
  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •