Monitise PLC (OTCPINK: MONIF) saw its share volume continue its upward trend on May 16th with 5,158,252 shares exchanging hands, slightly higher than its three month daily average volume of 4,032,167 shares.
With no new news on the company in the last couple of weeks, let’s focus on what we do know about this company:
Monitise PLC, based out of London, England, is a leading technology and services company that delivers mobile banking, payments, and commerce networks worldwide. Monitise enables financial institutions and other payments companies to defend and extend their market position by protecting their existing customer relationships and transactions while enabling new forms of mobile commerce revenue.
Monitise has a global reach. Monitise supports more than 300 financial institutions, serves over 20 million users worldwide and maintains strategic partnerships with leading companies such as Visa Inc., Visa Europe, RBS Group, and FIS to develop and implement Mobile Money services.
Monitise powers bank-grade solutions that are delivered on-premise or via cloud services, handling more than 2 billion transactions and processing payments and transfers worth over $31 billion on an annualized basis.
MONIF closed at $1.035 on May 16th, 4.17% down from its previous close of $1.08.
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MyECheck, Inc. Reports Q1 2014 Financials
MyECheck, Inc. (OTCPINK: MYEC) saw its share volume remain steady on May 16th with 32,057,572 shares exchanging hands, slightly higher than its three month daily average volume of 29,745,005 shares.
This slight uptick in volume comes after MyECheck, Inc. announced its Q1 financials for 2014.
For the three months ended March 31, 2013, revenue from operations was $1,361,783, total expenses were $37,737, and net income was $1,323,656.
Cash and cash receivables were increased to $1,687,068, and as of May 15, the Company has $1,078,964 in cash. Stockholders equity was increased from a $1.2 million shareholder deficit in the same period previous year, to almost $1.2 million in shareholder equity.
During the quarter, the company sold a number of licenses for it's new mobile payment app system, including custom developed apps with unique security features for specific targeted industries. The company re-purchased at par value and cancelled 1 billion shares of its common stock in the first quarter. The company also hired a new CFO, a new COO and a seated a new Board Director also during the quarter.
MYEC closed at $.0369 on May 16th, 13.79% lower than its previous close of $.0428.
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Bitcoin Shop Sees Share Volume Soar
Bitcoin Shop Inc. (OTCQB: BTCS) saw its share volume soar on May 16th with 4,442,692 shares exchanging hands, more than three times higher than its three month daily average volume of 1,336,910 shares.
Bitcoin Shop, Inc. operates an ecommerce website (www.bitcoinshop.us) where consumers can purchase products using virtual currency such as bitcoin, litecoin and dogecoin, by searching through selection of over 400 categories and over 140,000 items. Bitcoin, litecoin and dogecoin are virtual currencies that use peer-to-peer networks to facilitate instant payments. They are all categorized as cryptocurrencies, as they use cryptography as a security measure. Bitcoin, litecoin and dogecoin issuances and transactions are carried out collectively by the network, with no central authority, and allow users to make verified transfers.
BTCS closed at $.1599 on May 16th, 7.03% lower than its previous close of $.172.
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