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ISX - iSignthis Ltd

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*BUMP*

Well is being spud tomorrow morning US time with drilling to take 50-60 days, SP hit 2c today. Anyone else hold these?

FUT now known as OTE - otis energy, however there's already an OTE on these forums. Maybe a forum guru could change it?
 

System

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On February 25th, 2015, Otis Energy Limited (OTE) changed its name and ASX code to iSignthis Ltd (ISX).
 

greggles

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Yes, some strange price action with ISX over the last four trading days. Volume is above average with a huge spike on 12 July. The company received a price and volume query from the ASX the same day and replied on the 13th, stating that they were not aware of any information which has not been announced to
the market which would explain the increase in the price and trading volumes.

The above average volume has continued today with around 2.5 million shares traded so far. The share price is up another 7.5% to 21.5c.
 

greggles

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ISX going for a nice little run in the last week. Today it closed at 21c, up 13.51% from yesterday's close.

Some good news today regarding Australian merchant onboarding with the company announcing that it has received 12 applications, mainly in Merchant Category Codes (MCC) 6211 (Equities/CFD/FX), with some MCC 7995 (Gambling).

big.chart-ISX.gif
 
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ISX hit $1 yesterday. What do you think of the business? Based off its future earnings, i like it
 

greggles

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This performance of iSignthis Ltd in the last six months has been a complete surprise, rising from under 25c to a high of $1.195 today.

The financial results for the half year ended 30 June 2019 were released today and reveal an apparently well managed company experiencing rapid growth.

According to the recent Managing Director's Address to Shareholders, this is what the company does:
We provide services to cross border, regulated and high value businesses, which includes a complete customer onboarding solution, remote identity verification, credit scoring to payment processing, settlement, spot FX and deposit taking eMoney services.
Monthly Gross Processing Turnover Volume (GPTV) has risen from $100,000,000 to more than $800,000,000 since February 2019 and this growth looks set to continue in line with new merchant onboarding and rising processing volumes.

screenshot-stocknessmonster.com-2019.08.28-12_25_38.png


Wish I'd seen the potential of ISX early this year. It's turned into a great business with plenty of growth to come if the past six months is anything to go by.
 
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Quick catchup:
The boss of this became the NSX boss today after ISX threw cash at NSX recently.
(National Stock Exchange)
ISX is suspended on asx and taking asx to court for that (5 months now).
Court case is ongoing and seeking a suspension lift and cash.
ASIC is currently investigating ISX and nobody is discussing that cos secret.
ISX want to offer same day settlement on NSX in competition with asx.
ISX want to offer multi-currency same day trades on NSX.
They are currently waiting a decision for an aussie bank licence (full ADI)
(they have EU bank licences and stuff already)
The "family" own >50% of soi. That only became apparent very recently when some directors ownership numbers had a maths fail, so got queried.

Go hard or go home is an apt description here imo.
 

Dona Ferentes

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in the press 09 March
entering iSignthis' sixth month of suspension from the ASX boards, the shadowy fintech's only institutional shareholder has framed the latest instalment in its excruciating sorta mea culpa.

LHC Capital wrote to its own investors on Thursday revealing a write-down in the holding value of its 89.45 million iSignthis shares to just 7.7¢ each (they last traded at $1.07).
and that's wishful thinkin'
 

Dona Ferentes

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and mentioned in dispatches with NSX going with the Distributed Ledger:

do find it a bit of a mind warp that iSignthis (part owner of NSX) is dead against listing on the NSX. ISX say they want to list on a "premium exchange "

The platform incorporates the NASDAQ trade matching engine, in addition to the DESS, and in future, the ClearPay Delivery versus Payments platform and the Paydentity™ KYC platform from iSignthis .
 
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I'm just going to drop this here. Sorry the article is behind a paywall.

iSignthis reveals another scam customer (afr.com)

A snippit; “Yet Karantzis wants the Federal Court to believe that Dragota and OlympusMarkets – a scammer and his scam – indignantly ended its relationship with iSignthis over its negative press coverage! “
 

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