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  1. #151  
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    Quote Originally Posted by Steiner69eR View Post
    Got another 1,000 filled at $1.55 this morning.
    Not fair, that's theft
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  2. #152  
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    Filled 375 more at $1.43
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  3. #153  
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    Paid 1.10 , just silly now

    DAMS Consulting (@DAMSConsulting)
    6/26/18, 1:36 PM
    Lets not forget the CEO just bought 33,000 shares at $2.03 and they still keep naked shorting it lower daily. and that was about 2 weeks ago
    DAMS Consulting (@DAMSConsulting)
    6/26/18, 1:29 PM
    attack really picked up stream on March 23rd stock was going up Traded at $5.70 never had a up day again. ( I think the short new then they could not cover and like trapped rat is fighting to survive ) and here we are today

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  4. #154  
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    Guess they dont think they are going out of business

    Weyland Tech, Inc. Company Update on Insider Purchases



    GlobeNewswireJune 27, 2018



    NEW YORK, NY. , June 27, 2018 (GLOBE NEWSWIRE) -- Weyland Tech, Inc. (WEYL) ("Weyland" or "Company"), a provider of mobile business applications, announced today that its CEO Brent Suen purchased 28,000 shares of the Company's common stock from the open market at a price average of $1.35.

    The purchases are in addition to the recently purchased 33,000 shares at an average price of $2.03.

    Additional details regarding the purchase can be found in Mr. Suen's disclosure on Form 4 filed with the Securities and Exchange Commission on May 31, 2018 and today, June 27, 2018.

    Furthermore, three members of the Company’s management, Eddie Foong, Matthew Brent and John MacNeil, recently purchased a total of 12,000 shares at an average price of $1.35.
    Although the Company’s general policy is not to comment on market rumors or speculation, including market activities, the Company confirms that it has not taken any corporate action that would explain the recent trading activity and is not in possession of any material non-public information that would prompt the trading activity.
    Further information about the Company’s eWallet spinoff/dividend initiative will be provided shortly as PwC, legal advisors and management are finalizing the structure.About Weyland Tech Inc.
    About Weyland Tech Inc.
    Weyland Tech is a global provider of mobile business applications. It's CreateApp platform offers a mobile presence to businesses in emerging markets, with partnerships on 3 continents and growing. This DIY mobile application platform, offered in 14 languages with over 35 integrated modules, enables small and medium sized businesses ("SMB's") to create native mobile applications ("apps") for Apple's iOS and Google Android without technical knowledge or background, empowering SMB's to increase sales, reach more customers and promote their products and services in an easy, affordable and efficient manner.
    In May 2018, the Company expanded its portfolio to fintech applications with the launch of its AtozPay mobile payments platform. The mobile wallet launched in the worlds 4th most populous country, Indonesia, and is already experiencing rapid growth in transactions taking place on the platform.
    Follow Weyland Tech online at:
    Weyland Tech Facebook Page (https://www.facebook.com/weylandtech)
    Weyland Tech Twitter Feed (https://twitter.com/weylandtechinc)
    Weyland Tech LinkedIn Page (https://linkedin.com/company/weylandtech)
    Brent Suen, CEO Public Facebook Page (https://www.facebook.com/BrentSuenWEYL)
    Brent Suen, CEO Public Twitter Feed
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  5. #155  
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    Shareholder Update on the Company's Recently Announced Spinoff of the eWallet Business



    Wed, 11 Jul 2018 18:09 GMT | GlobeNewswire | Symbol: WEYL
    New York, NY, July 11, 2018 (GLOBE NEWSWIRE) -- Weyland Tech Inc. (OTCQX: WEYL) ("Weyland " or the "Company"), a provider of mobile business applications, provides a shareholder update on the Company’s recently announced spinoff of the eWallet business:

    1. Management has finalized the engagement letter with Pricewaterhouse Coopers (“PwC”) to advise the Company on the spinoff and IPO structure as well as ongoing audit functions for the eWallet business.
    2. The eWallet business, operating in a ‘closed Beta’ environment from December 2017 to April 2018, officially launched in May 2018 and is in the process of expanding its sales and marketing team.
    3. The Company hereby restates its previous forecast for Gross Transaction Volume (“GTV”) estimates for $30 million in 2018 and $80 million for 2019.
    4. The current funding environment in Southeast Asia has produced investment rounds for companies such as Go-Jek, Grab, SEA Ltd., and other technology centric companies valued at 1.2X GTV and higher. We believe that such recent M&A activity and IPOs in Indonesia indicate a potential value of the eWallet businesses as high as 2.4X GTV.
    The eWallet business has established relationships with several large technology centric companies in Indonesia, including Go-Jek, to provide payments for their product and service lines and we believe that more will be completed throughout 2018 and 2019. It is notable that Go-Jek has been funded by venture capital funds and strategic investors that include Google, Sequoia Ventures, KKR, Warburg Pincus, Tencent Ltd., and Temasek. The valuations of Go-Jek is in excess of $3 billion, which is a direct result of the underlying dynamics and growth in the Southeast Asia market https://techcrunch.com/2017/05/03/go...t-1-2-billion/.
    5. A U.S. corporate entity has been formed that will serve, temporarily, as the holding company for the Company’s economic ownership of the eWallet business. Pending ongoing legal and tax advisor opinions, the Company will designate a record date and ex-dividend date for the Spinoff to shareholders of Weyland Tech. It is intended that each of the Company’s shareholders will receive a pro-rata allocation of the spin-out shares in the most effective and tax efficient manner practicable.
    6. The Company’s website www.weyland-tech.com effective today, has been revised to include a more robust description of our core business, the eWallet business, our management team and Board of Directors, as well as real time stock quotes and financial information.
    About Weyland Tech Inc.
    Weyland Tech is a global provider of mobile business applications. It's CreateApp platform offers a mobile presence to businesses in emerging markets, with partnerships on 3 continents and growing. This DIY mobile application platform, offered in 14 languages with over 35 integrated modules, enables small and medium sized businesses ("SMB's") to create native mobile applications ("apps") for Apple's iOS and Google Android without technical knowledge or background, empowering SMB's to increase sales, reach more customers and promote their products and services in an easy, affordable and efficient manner.
    In May 2018, the Company expanded its portfolio to fintech applications with the launch of its AtozPay mobile payments platform. The mobile wallet launched in the worlds 4th most populous country, Indonesia, and is already experiencing rapid growth in transactions taking place on the platform.
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  6. #156  
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    !important]Power Trader
    Weyland Tech - Power Trader Buy
    WEYL - OTC - Target $4.25
    Short Covering Driving These Shares Higher This Week
    Daily Trade Alert

    ]

    10 Day Chart




    This stock surged on short covering and moved much higher .
    Shorts running for cover and buyers will ride the new wave in on line payments offered exclusively by Weyland Tech .

    We look for a substantial move in this stock from current levels
    http://www.wallstreetresearcher.com/Recent1/WEYL.html
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  7. #157  
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    Big day yesterday. Wasn't liquid enough to get in over the last week when we were sitting around $1. Nevertheless, happy with a $1.75 avg here.
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  8. #158  
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    Quote Originally Posted by Steiner69eR View Post
    Big day yesterday. Wasn't liquid enough to get in over the last week when we were sitting around $1. Nevertheless, happy with a $1.75 avg here.
    I believe our friend as brought some people to the table


    Follow Jon on Twitter: @jonnajarian
    Disclosures as of 7/1318:

    Long calls: Activision Blizzard, American Airlines, ArcelorMittal, Autodesk, Delta Air Lines, Diamond Offshore Drilling, Diamondback Energy, JD.com, JetBlue, John Deere, Marathon Oil, Masco,Net Element, Red Hat, Snap Inc., Square, Teva Pharmaceutical, United States Oil Fund, Visa, Weyland Tech, WPX Energy.
    Long stock: U.S. Auto Parts
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  9. #159  
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    SeeThruEquity Initiates Coverage on Weyland Tech (WEYL) with a Target Price of $5.00






    ACCESSWIREJuly 23, 2018 NEW YORK, NY / ACCESSWIRE / July 23, 2018 / SeeThruEquity, a leading independent equity research and corporate access firm focused on smallcap and microcap public companies, today announced it has initiated coverage on Weyland Tech Inc. (WEYL) with a price target of $5.00.The report is available here: July 2018 Initiation Report.
    We initiate coverage of Weyland Tech Inc. (OTCQX: WEYL, ''Weyland'') with a price target of $5.00. Founded in 2014, Weyland is focused on the development of mobile commerce enablement applications for small businesses and consumers, primarily in the Greater Southeast Asia (GSEA) market. The company has two business units: 1) CreateApp, which is a subscription-based, platform-as-a-service (''PAAS'') business that provides mobile commerce solutions for small and medium sized merchants; and 2) AtozPay, which is a mobile wallet that enables consumers and small merchants to process and store payments with their mobile device using a digital account. In May 2018, Weyland CEO Brent Suen announced that the company was investigating the potential spin-out of its mobile wallet segment, AtozPay, which appears to have the potential to create substantial value if it receives market multiples for a pure mobile commerce business in the Indonesian market. We view Weyland as an intriguing special situation in the technology sector, with what appears to be a defensible valuation on its core CreateApp platform business and significant potential for upside if it can execute its plans for rapid growth in its emerging mobile wallet business.
    CreateApp mobile platform growing by enabling mobile commerce
    The CreateApp mobile commerce platform currently accounts for the majority of Weyland's revenues, which were $15.6mn in 2017 and expected to be greater than $20mn in 2018. The CreateApp unit has grown quickly by targeting the large number of small and medium-sized businesses in Greater Southeast Asia (GSEA) that are seeking to establish a mobile commerce presence without investing significant in-house IT resources. Through direct sales and partner-based white label programs, CreateApp is now available in 14 languages in Asia, parts of Europe and North America. Weyland is expecting significant growth for this segment again this year, with recent strategic partner wins including DPEX in Indonesia, BTG in Thailand, and Augicom/Orange in France.
    AtozPay offers exposure to high growth Indonesian e-wallet market
    Launched in December 2017, Weyland's AtozPay mobile wallet service recently completed a successful beta phase in Indonesia. From December 2017 to May 2018, AtozPay was able to grow annualized gross transaction volume (GTV) from inception to more than $6mn in May. AtozPay also acquired a provisional license issued by BadanKoordinasiPenanamanModal (BKPM), which allows the company to operate an electronic payments business in Indonesia. AtozPay appears positioned to target the large and extremely fragmented market for mobile wallets in Indonesia, a country of more than 260mn that is saturated with mobile phones but where fewer than 10% of adults have a debit or credit card, according to the World Bank. Weyland is commencing a broader commercial launch of AtozPay, with a goal of reaching $30mn in GTV run-rate by the end of 2018 and $80mn by the end of 2019 as it seeks to establish its initial footprint.
    Initiate coverage with a price target of $5.00
    We initiate coverage of Weyland with a price target of $5.00. We see the company as an intriguing special situation in the technology sector combining exposure to growth opportunities in both global mobile commerce and mobile payments in Indonesia. If achieved, the target represents a value of 4.4x 2018E gross as-if-consolidated revenues of $33.3mn (comprising $22.5mn from CreateApp and $10.8mn from AtozPay).
    Please review important disclosures in the report and on our website at www.seethruequity.com.
    About Weyland Tech Inc.





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  10. #160  
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    Weyland Tech Inc.-- Update on Irregular Trading Activity





    GlobeNewswire•July 25, 2018





    EW YORK, NY, July 25, 2018 (GLOBE NEWSWIRE) -- Weyland Tech Inc. (OTCQX: WEYL) ("Weyland " or the "Company"), a provider of mobile business applications, notifies shareholders about potential trading violations and manipulation of it’s shares.

    On July 24, trading in the Company’s shares appeared to have a closing price of $1.20, down -1.40 and 53.85%. Upon review of the posted trading activity, it appears that the $1.20 trade occurred at 15:42:01 and was outside the bid/ask, and substantially below market. It was also noticeable from the trading activity that trades occurring subsequent to 15:42:01 occurred between the prices of 2.06 and 2.23, and were not captured by OTCMarkets trade data, thereby making the closing price of Weyland appear as $1.20 for the day.
    The company promptly reached out to OTCQX regarding the $1.20 trade and was advised by OTCQX that FINRA had identified the trades after 15:42:01 to be “irregular,” while not identifying the $1.20 trade as “irregular.” The company is working with OTCQX and FINRA to determine the reason for the $1.20 trade not being flagged as “irregular” and being utilized as a valid closing price, while ignoring subsequent trades that were consistent with recent market prices. Further the company is asking that the $1.20 trade be removed from the trading history and the July 24, 2018 close.
    The company knows of no reason that shares of the company should have traded to the $1.20 level. The approximate Volume Weighted Average Price (VWAP) for the day, including these trades, was $2.26 and we believe this a more accurate reflection of Weyland’s closing price on the day.
    The company intends to pursue any and all remedies for any irregular trading activity intentionally undertaken and/or facilitated by market participants that negatively impacts the company’s share price.
    About Weyland Tech Inc.
    Weyland Tech is a global provider of mobile business applications. It's CreateApp platform offers a mobile presence to businesses in emerging markets, with partnerships on 3 continents and growing. This DIY mobile application platform, offered in 14 languages with over 35 integrated modules, enables small and medium sized businesses ("SMB's") to create native mobile applications ("apps") for Apple's iOS and Google Android without technical knowledge or background, empowering SMB's to increase sales, reach more customers and promote their products and services in an easy, affordable and efficient manner.
    In May 2018, the Company expanded its portfolio to fintech applications with the launch of its AtozPay mobile payments platform. The mobile wallet launched in the worlds 4th most populous country, Indonesia, and is already experiencing rapid growth in transactions taking place on the platform.
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  11. #161  
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    Thanks for sharing. Yesterday was quite strange indeed.
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  12. #162  
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    http://insideri.com/1748195_00014697...9709-18-000125

    7/31/18, 4:33 PM
    $WEYL:

    New Insider Filing on

    Insider

    JOHN FRANCIS MACNEIL:
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  13. #163  
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    Conflicting views on this one...

    DAMS Consulting@DAMSConsulting 8h8 hours agoMore



    $WEYL the naked short keeps working on holding this name down also nd the company knows and has reached out to FINRA etc Weyland Tech Inc.-- Update on Irregular Trading Activity. Now just finish them off with the special dividend


    andrew ross@andrewross11 53s54 seconds agoMore



    $weyl mentioning this again ;both Najarian's up to their neck in this cfraud; no product or revenues; was at their supposed office in Singapore in January; virtual office with one girl there; now supposedly office in NYC address is J. Najarian's; call out to SEC !



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  14. #164  
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    Quote Originally Posted by Steiner69eR View Post
    Conflicting views on this one...

    DAMS Consulting@DAMSConsulting 8h8 hours agoMore



    $WEYL the naked short keeps working on holding this name down also nd the company knows and has reached out to FINRA etc Weyland Tech Inc.-- Update on Irregular Trading Activity. Now just finish them off with the special dividend


    andrew ross@andrewross11 53s54 seconds agoMore





    $weyl mentioning this again ;both Najarian's up to their neck in this cfraud; no product or revenues; was at their supposed office in Singapore in January; virtual office with one girl there; now supposedly office in NYC address is J. Najarian's; call out to SEC !





    ANDY ROSS IS A LOON ! He has beeen saying ERI is going bankrupt since 4 bucks !
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  15. #165  
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    Quote Originally Posted by brucefan View Post
    ANDY ROSS IS A LOON ! He has beeen saying ERI is going bankrupt since 4 bucks !
    LOL. Well, in that case...!
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  16. #166  
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    Quote Originally Posted by Steiner69eR View Post
    LOL. Well, in that case...!
    he just did it again ! If you go back to his old tweets ( which I dont care to do, this bankrupt theme has been going on since 4 bucks )
    Now one time ERI may miss earnings and he will be right, but ...... Andy, the stock has gone from 4 -45

    andrew ross (@andrewross11)
    8/1/18, 2:53 PM
    $eri max short here; earnings in AM before the bell; amalgamation of the very worst casino properties in entire country; mgmt. clearly mobbed up; this is a bust out with huge debt and is an eventual ZERO<36 in the AM!
    andrew ross (@andrewross11)
    8/1/18, 2:53 PM
    $eri max short here; earnings in AM before the bell; amalgamation of the very worst casino properties in entire country; mgmt. clearly mobbed up; this is a bust out with huge debt and is an eventual ZERO <36 in the AM!
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  17. #167  
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    Quote Originally Posted by brucefan View Post
    he just did it again ! If you go back to his old tweets ( which I dont care to do, this bankrupt theme has been going on since 4 bucks )
    Now one time ERI may miss earnings and he will be right, but ...... Andy, the stock has gone from 4 -45

    andrew ross (@andrewross11)
    8/1/18, 2:53 PM
    $eri max short here; earnings in AM before the bell; amalgamation of the very worst casino properties in entire country; mgmt. clearly mobbed up; this is a bust out with huge debt and is an eventual ZERO<36 in the AM!
    andrew ross (@andrewross11)
    8/1/18, 2:53 PM
    $eri max short here; earnings in AM before the bell; amalgamation of the very worst casino properties in entire country; mgmt. clearly mobbed up; this is a bust out with huge debt and is an eventual ZERO <36 in the AM!
    ERI UP 2.30 AFTER EARNINGS, AND WEYL UP .63 CENTS Andy Ross nails it again !
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  18. #168  
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    ValuEngine Upgrades Weyland Tech (WEYL) to “Buy”

    Posted by Ethan Ryder on Aug 3rd, 2018 // No Comments

    https://www.tickerreport.com/banking-finance/3690413/valuengine-upgrades-weyland-tech-weyl-to-buy.html
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  19. #169  
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    Weyland Tech Inc. Provides a Shareholder Update on the Company's Recently Announced Spin-Off of the eWallet Business





    GlobeNewswire•August 6, 2018





    New York, NY, Aug. 06, 2018 (GLOBE NEWSWIRE) -- Weyland Tech Inc. (WEYL) ("Weyland " or the "Company"), a provider of mobile business applications, provides a shareholder update on the Company’s recently announced spin-off of the eWallet business:

    Today the Company is announcing that it is continuing to finalize plans for the spin-off of its subsidiary, Weyland AtoZPay Inc.” (“WAI”), a Delaware corporation, through which the Company holds its ownership interest in its eWallet business (the “Spin-Off”). Once finalized, the Spin-Off will involve a pro rata distribution to the Company’s shareholders of record of all or a specified percentage of the outstanding shares of WAI.
    The Company expects to report the Spin-Off to FINRA shortly and will subsequently notify its shareholders of the 'record' date for the Spin-Off, which it anticipates will be in mid-September. As the Company intends for the Spin-Off to be processed outside of DTCC, the Company will also provide further instructions to brokers, banks and shareholders regarding the procedures for receiving the distribution once it has finalized the Spin-Off and notified FINRA.
    After the Spin-Off is finalized and reported to FINRA, further details regarding WAI and its eWallet business will be provided in a Current Report on Form 8-K and an Information Statement, which will be filed on the SEC’s EDGAR reporting system prior to the Spin-Off.
    The Spin-Off is subject to approval by the Company’s board of directors and regulatory notification and acceptance.
    About Weyland Tech Inc.
    Weyland Tech is a global provider of mobile business applications. Its CreateApp platform offers a mobile presence to businesses in emerging markets, with partnerships on 3 continents and growing. This DIY mobile application platform, offered in 14 languages with over 35 integrated modules, enables small and medium sized businesses ("SMB's") to create native mobile applications ("apps") for Apple's iOS and Google Android without technical knowledge or background, empowering SMB's to increase sales, reach more customers and promote their products and services in an easy, affordable and efficient manner.
    In May 2018, the Company expanded its portfolio to fintech applications with the launch of its AtozPay mobile payments platform. The mobile wallet launched in the worlds 4th most populous country, Indonesia, and is already experiencing rapid growth in transactions taking place on the platform.
    Follow Weyland Tech online at:
    Weyland Tech Facebook Page (https://www.facebook.com/weylandtech)
    Weyland Tech Twitter Feed (https://twitter.com/weylandtechinc)
    Weyland Tech LinkedIn Page (https://linkedin.com/company/weylandtech)
    Brent Suen, CEO Public Facebook Page (https://www.facebook.com/BrentSuenWEYL)
    Brent Suen, CEO Public Twitter Feed (https://www.twitter.com/BrentSuenWEYL)
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  20. #170  
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    Weyland Tech Announces Details of Weyland AtoZ Pay Spin-Off





    GlobeNewswire•August 16, 2018





    NEW YORK, NY, Aug. 16, 2018 (GLOBE NEWSWIRE) -- Weyland Tech Inc. (WEYL) ("Weyland " or the "Company"), announces today that its board of directors has approved a pro-rata distribution to the Company’s shareholders of 90% of the outstanding shares of the Company’s subsidiary, Weyland AtoZ Pay Inc.” (“WAI”), through which the Company holds its ownership interest in its eWallet business (the “Spin-Off”).
    The Company’s shareholders of record as of the close of trading on September 28, 2018, the record date for the Spin-Off, will receive one share of common stock of WAI for every five shares of the Company’s common stock held as of the record date. Fractional shares of WAI common stock will not be issued in the distribution. The Spin-Off is expected to be effective as of the end of the day on October 5, 2018, the distribution date for the Spin-Off, with 90% of the shares of WAI distributed to the Company’s shareholders of record. The Company will be reporting the Spin-Off to FINRA shortly.
    As the Spin-Off will be processed outside of DTCC, the Company will provide further instructions to brokers, banks and shareholders regarding the procedures for receiving the distribution.
    Further details regarding WAI and its eWallet business will be provided in a Current Report on Form 8-K and an Information Statement, which will be filed on the SEC’s EDGAR reporting system prior to the distribution date for the Spin-Off.


    About Weyland Tech Inc.

    Weyland Tech is a global provider of mobile business applications. Its CreateApp platform offers a mobile presence to businesses in emerging markets, with partnerships on 3 continents and growing. This DIY mobile application platform, offered in 14 languages with over 35 integrated modules, enables small and medium sized businesses ("SMB's") to create native mobile applications ("apps") for Apple's iOS and Google Android without technical knowledge or background, empowering SMB's to increase sales, reach more customers and promote their products and services in an easy, affordable and efficient manner.
    In May 2018, the Company expanded its portfolio to fintech applications with the launch of its AtozPay mobile payments platform. The mobile wallet launched in the worlds 4th most populous country, Indonesia, and is already experiencing rapid growth in transactions taking place on the platform.
    Follow Weyland Tech online at:
    Weyland Tech Facebook Page (https://www.facebook.com/weylandtech)
    Weyland Tech Twitter Feed (https://twitter.com/weylandtechinc)
    Weyland Tech LinkedIn Page (https://linkedin.com/company/weylandtech)
    Brent Suen, CEO Public Facebook Page (https://www.facebook.com/BrentSuenWEYL)
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  21. #171  
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    Sep 28: the day of wreckoning? Or will shorty start getting calls from banks to cover ASAP?
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  22. #172  
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    Quote Originally Posted by Steiner69eR View Post
    Sep 28: the day of wreckoning? Or will shorty start getting calls from banks to cover ASAP?
    Im glad im not Shorty, he or she is on the clock ......
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    eWallet Business Announces Major Strategic Partnership with Finnet


    GlobeNewswire•August 20, 2018



    NEW YORK, NY, Aug. 20, 2018 (GLOBE NEWSWIRE) -- Weyland Tech Inc. (WEYL) ("Weyland " or the "Company"), a provider of mobile business applications, today announces a strategic partnership between its eWallet business and PT. Finnet Indonesia (“Finnet”).


    Finnet http://www.finnet-indonesia.com/home/en, founded in 2005, is 60% owned by PT. Telekomunikasi Indonesia, the largest provider of telecom services in Indonesia, is currently the largest ‘fixed-line’ provider with over 10 million households and businesses as their clients.


    The Company’s eWallet business, AtoZPay, and Finnet have entered into a strategic partnership with the following highlights:


    • Bill payments for consumers with the AtoZPay eWallet via ATM’s
    • Mobile phone ‘top-up’ at Alfamart http://alfamartku.com/?lang=en

    Under the terms of the relationship, users of AtoZPay, consumers will be able to ‘top-up’ their mobile phones at Alfamart, the largest convenience store chain in Indonesia, with 13,477 locations.
    Finnet, via a partnership with 81 banks, has a network of 80,000 ATM machines within Indonesia, where AtoZPay users will be able to make bill payments on household and business utilities.
    CEO of AtoZPay, Djunaedy Hermawanto, said, “Our partnership with Finnet expands the potential reach of the AtoZPay platform through convenience stores and eventually through Finnet’s ATM network.” Hermawanto went on to say, “Equally exciting is the opportunity the partnership provides to launch our QR Code Merchant Payment service. Merchant payment commissions promise to add additional profitability to AtoZPay’s growing merchant base.”
    Overall, Weyland expects the partnership to expand the eWallet share of the more than $10 Billion dollar mobile subscription (‘top-up’) market in Indonesia.
    About Weyland Tech Inc.
    Weyland Tech is a global provider of mobile business applications. Its CreateApp platform offers a mobile presence to businesses in emerging markets, with partnerships on 3 continents and growing. This DIY mobile application platform, offered in 14 languages with over 35 integrated modules, enables small and medium sized businesses ("SMB's") to create native mobile applications ("apps") for Apple's iOS and Google Android without technical knowledge or background, empowering SMB's to increase sales, reach more customers and promote their products and services in an easy, affordable and efficient manner.

    In May 2018, the Company expanded its portfolio to fintech applications with the launch of its AtozPay mobile payments platform. The mobile wallet launched in the worlds 4th most populous country, Indonesia, and is already experiencing rapid growth in transactions taking place on the platform.
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  24. #174  
    RX Senior Steiner69eR's Avatar
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    Big news!
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  25. #175  
    RX Senior brucefan's Avatar
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    Quote Originally Posted by brucefan View Post
    Weyland Tech Announces Details of Weyland AtoZ Pay Spin-Off





    GlobeNewswire•August 16, 2018





    NEW YORK, NY, Aug. 16, 2018 (GLOBE NEWSWIRE) -- Weyland Tech Inc. (WEYL) ("Weyland " or the "Company"), announces today that its board of directors has approved a pro-rata distribution to the Company’s shareholders of 90% of the outstanding shares of the Company’s subsidiary, Weyland AtoZ Pay Inc.” (“WAI”), through which the Company holds its ownership interest in its eWallet business (the “Spin-Off”).
    The Company’s shareholders of record as of the close of trading on September 28, 2018, the record date for the Spin-Off, will receive one share of common stock of WAI for every five shares of the Company’s common stock held as of the record date. Fractional shares of WAI common stock will not be issued in the distribution. The Spin-Off is expected to be effective as of the end of the day on October 5, 2018, the distribution date for the Spin-Off, with 90% of the shares of WAI distributed to the Company’s shareholders of record. The Company will be reporting the Spin-Off to FINRA shortly.
    As the Spin-Off will be processed outside of DTCC, the Company will provide further instructions to brokers, banks and shareholders regarding the procedures for receiving the distribution.
    Further details regarding WAI and its eWallet business will be provided in a Current Report on Form 8-K and an Information Statement, which will be filed on the SEC’s EDGAR reporting system prior to the distribution date for the Spin-Off.


    About Weyland Tech Inc.

    Weyland Tech is a global provider of mobile business applications. Its CreateApp platform offers a mobile presence to businesses in emerging markets, with partnerships on 3 continents and growing. This DIY mobile application platform, offered in 14 languages with over 35 integrated modules, enables small and medium sized businesses ("SMB's") to create native mobile applications ("apps") for Apple's iOS and Google Android without technical knowledge or background, empowering SMB's to increase sales, reach more customers and promote their products and services in an easy, affordable and efficient manner.
    In May 2018, the Company expanded its portfolio to fintech applications with the launch of its AtozPay mobile payments platform. The mobile wallet launched in the worlds 4th most populous country, Indonesia, and is already experiencing rapid growth in transactions taking place on the platform.
    Follow Weyland Tech online at:
    Weyland Tech Facebook Page (https://www.facebook.com/weylandtech)
    Weyland Tech Twitter Feed (https://twitter.com/weylandtechinc)
    Weyland Tech LinkedIn Page (https://linkedin.com/company/weylandtech)
    Brent Suen, CEO Public Facebook Page (https://www.facebook.com/BrentSuenWEYL)

    UPDATE FROM THE 8K

    DEAL HAS CHANGED 1 FOR 1 NOW

    Update on Spin-off

    The Company announced in a press release on August 16, 2018 a distribution to Weyland Tech stockholders of a pro-rata share of the Company’s ownership in its eWallet business (the “Spin-off”).

    In the distribution, Weyland stockholders will receive one share of common stock of ‘Weyland AtoZPay Inc’, (“WAI”), a Delaware Company, for each share of the Company’s common stock held at the dividend record date at the close of business in the U.S. on or about September 28, 2018.

    The Company will describe further instructions for shareholders regarding the distribution as well as a finalized record date following advice by FINRA.

    Weyland will not issue fractional shares of its common stock in the distribution. The Spin-off is expected to be completed on or about October 5, 2018.

    Further details of the underlying assets and rights of WAI will be described in an 8-K filing and Information Statement

    A copy of the press release is filed as Exhibit 99.1 to this report and is incorporated herein by reference.
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