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Tuesday, January 25, 2022

Palayan Resources Inc (OTCMKTS: PLYN) Running Northbound as Co Signs MOU to Acquire a Global FinTech company

Palayan Resources Inc (OTCMKTS: PLYN) is breaking northbound in recent trading off its $0.05 base where it had been flatlined for some time. The stock is quickly getting noticed by investors and volume has picked up dramatically with PLYN trading $750,000 in dollar volume on Friday alone. 

PLYN is on the move after the Company announced it has signed a “Memorandum of Understanding” to acquire a Global FinTech company in the money transfer industry.  The company, which has asked not to be identified as yet, is in the global marketplace. PLYN CEO James E. Jenkins stated: “The company with which Palayan has signed the MOU is projected to achieve more than U.S. $1 billion in transaction volume by 2023.  The company has established an extensive, worldwide network of partners and has an experienced management team in place to create value for shareholders. This is a FinTech Company that has developed a robust platform for digital payment, fintech and private lending solutions including blockchain technology.  Their market opportunity globally is excellent.”  

Palayan Resources Inc (OTCMKTS: PLYN) operating out of Lady Lake, Florida is a publicly traded, fully reporting emerging growth company focused on pursuing acquisition opportunities that can benefit private companies through PLYN’s public status, acquiring revenue producing transactions. PLYN was incorporated on July 26, 2013 under the laws of the State of Nevada. The Company has a clean balance sheet with very little debt on the books and a tight stock structure with just 35,973,557 shares outstanding and a $3,093,726 total market valuation. 

The Company is led by CEO James Jenkins a seasoned executive with many years working in senior management, manufacturing operations, SEC public company experience to include CEO and COB, investment banking, real estate and commodities market. For the past 5 years, Mr. Jenkins has been primarily structuring financial transactions as an independent consultant, structuring financial transactions, writing business plans, Private Placement Memorandums, and taking management positions as an acting President, CEO, CFO and Compliance Officer as well as sitting on Boards of Directors and Advisors. He has over 26 years’ experience in raising capital and structuring financial transactions in manufacturing, real estate and commodities. He has complete deal making experience including public offerings, private placement and M&A transactions, bond offering, commercial real estate construction and commodities. He has managed multiple functions including finance, operations, due diligence, and has experience with financial institutions, investors and stock exchanges. 

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On December 15 PLYN announced it has signed a “Memorandum of Understanding” to acquire a Global FinTech company in the money transfer industry.  The company, which has asked not to be identified as yet, is in the global marketplace. The transaction was originated by C2C Business Strategies, LLC, which serves as a strategic advisor for Palayan Resources.  C2C Business Strategies is the management arm of C2C Private Investment Company. The transaction is subject to standard due diligence including audited financial statements for the FinTech company. 

PLYN CEO James E. Jenkins stated: “The company with which Palayan has signed the MOU is projected to achieve more than U.S. $1 billion in transaction volume by 2023.  The company has established an extensive, worldwide network of partners and has an experienced management team in place to create value for shareholders. This is a FinTech Company that has developed a robust platform for digital payment, fintech and private lending solutions including blockchain technology.  Their market opportunity globally is excellent.”  

Fintech is a great place to be; according to a recent report from ResearchAndMarkets.com’s offering: “Rising popularity for digital payments, increased investments in technology-based solutions, supportive government regulations, increased adoption of IOT devices are expected to positively influence the Global FinTech Market in the coming years. The Global FinTech Market was valued at USD7301.78 billion in 2020 and is projected to grow at a CAGR of 26.87% during the forecast period.” 

https://twitter.com/ToastTrades/status/1471863179839819779

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PLYN is breaking northbound in recent trading off its $0.05 base where it had been flatlined for some time. The stock is quickly getting noticed by investors and volume has picked up dramatically with PLYN trading $750,000 in dollar volume on Friday alone.  PLYN is on the move after the Company announced it has signed a “Memorandum of Understanding” to acquire a Global FinTech company in the money transfer industry.  The company, which has asked not to be identified as yet, is in the global marketplace. PLYN CEO James E. Jenkins stated: “The company with which Palayan has signed the MOU is projected to achieve more than U.S. $1 billion in transaction volume by 2023.  The company has established an extensive, worldwide network of partners and has an experienced management team in place to create value for shareholders. This is a FinTech Company that has developed a robust platform for digital payment, fintech and private lending solutions including blockchain technology.  Their market opportunity globally is excellent.” We will be updating on PLYN so make sure you Subscribe to Microcapdaily so you know what’s going on with PLYN.

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Disclosure: we hold no position in PLYN either long or short and we have not been compensated for this article.

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