Telupay International Inc (OTCMKTS:TLPY) the new Stocktips pick has been a big disappointment failing to make any gains for investors and collapsing shortly after the whole thing started last Friday at 3:46:56 PM when Statler announced TLPY saying ”My Biggest Pick EVER!”
TLPY has certainly not tuned out that way falling victim to heavy shorting that Stocktips has been unable to counter. The stock tried to make a comeback on Wednesday but ultimately failed as the increasing short position got more aggressive.
Telupay International Inc (OTCMKTS:TLPY) is the latest promotion from Godzilla Stocktips of TGRO fame. They also successfully promoted WELL POWER INC (OTCMKTS:WPWR), ALKAME HOLDINGS INC(OTCMKTS:ALKM), and of course their last one Ecrypt Technologies Inc (OTCBB:ECRY) before failing on PGFY.
According to the disclaimer: ”AC expects to receive $4,650,000 USD (FOUR MILLION SIX HUNDRED AND FIFITY THOUSAND DOLLARS) as a marketing budget for the production and distribution of TLPY marketing material from an unaffiliated 3rd party, Laluna Services, Inc.”
Telupay International Inc has developed the next generation of secure mobile banking/payments technology (MBPS) designed for banks, mobile operators, credit card companies, micro-finance and other financial institutions. TelUPay offers customized services and continuously develops new applications that drive new revenue streams for its clients.
TelUPay’s bank-grade MBPS uses the most secure encryption technology available for both the bank and the end-user. Services include; fund transfers, P2P remittances both domestically and internationally, bill payments, merchant payments, mobile airtime purchases, balance inquiries and a host of other services designed to provide the ultimate convenience to the consumer at the lowest possible cost.
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Statler said this morning; ”Good Morning Kids! That’s right, Statler Express tickets to the moon are still cheap – you want to ride the Statler Express to the moon? If so, the time is NOW! I strongly suggest you get your boarding passes on the Statler Express while tickets are still cheap 🙂
What would you say if I told you that I believe that TLPY has not even for a single second started to flex its muscles? Would you believe me? I think you would be smart to say “YES.” If you look at any of my previous PICKS, anyone can tell you that the first week is NEVER where the real action is.
NEVER EVER. Why would TLPY be any different? It’s not! That being said, sit back and strap in, I believe that TLPY is going to start taking us on an EPIC ride next week! If I am right, those smart readers who position themselves now will be along for the ride. If you are one of those sitting on the sidelines, its time to get off the bench and in the game! I believe that yesterday’s 18 percent gain was just a SMALL TASTE of what could come for TLPY. The trend is your friend.”
Hotstocked found this S-1 form from June 13, 2014 that says in March 2012, the selling stockholders (listed on Page 17 of the document) received an aggregate of 33 million TLPY shares during a shares-for-debt private placement. The stock was issued in order to satisfy just $44 thousand worth of debt (the conversion rate comes in at $0.0013) and the S-1 registration statement allows the selling shareholders to release it on the open market.
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Currently trading at a $27 million market valuation TLPY has limited cash and significant short term debt. They have minimal revenues and continue to lose money. Short term we will see what happens, long term TLPY will drop big. The $4.6 million Laluna promotion has been a huge disappointment so far; regardless of what Statler is saying the shorts have been much stronger. We will be updating on TLPY on a daily basis so make sure you are subscribed to microcapdaily.com so you know what is going on with TLPY.
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Disclosure: we hold no position in TLPY either long or short and we have not been compensated for this article.