Telupay International Inc (OTCMKTS:TLPY) is making an explosive move up on accelerating volume after Statler let the stock shake to $0.124 lows on Tuesday leading everybody to believe Stocktips had dropped TLPY and was no longer supporting the stock.
Statler said this morning “Good Morning Boys and Girls, I hope you are ready for something big today on TLPY. I expect we have an EPIC bounce day coming up for TLPY, as it was heavily shorted in yesterday’s session.
We all know these large short positions in all of my deals, has always helped create a massive bounce when short-sellers run for the hills to cover their positions! I would strongly suggest that you add TLPY to your trading radar screens immediately.
I expect that TLPY could go through the roof in the coming days and weeks. You have seen my picks get gains of over 100 percent, 200 percent, 500 percent and even over 1,000 percent! I believe that TLPY will be my BIGGEST PICK EVER! Stay tuned for the TLPY show, this is just getting started.”
TLPY is the latest multi-million dollar promotion from Stocktips. Previous Stocktips picks are ECRY, WPWR, TGRO and ALKM. The disclaimer says ”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.”
According to the recent press release Telupay International Inc (OTCMKTS:TLPY) 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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On March 10 TLPY announced they have migrated its airtime service to Digital Telecommunications Philippines, Inc. (“DIGITEL”), a tier 1 provider of airtime that has significantly increased revenues, coverage and reliability for TelUPay in the Philippine market.
“Migrating TelUPay’s airtime service to digital has been a very positive advancement in TelUPay’s business. Not only do we receive higher margins, but our coverage and reliability has increased, which has played an important role in making TelUPay’s services more competitive and attractive to its Philippine clients and partners,” states Mr. Adrian Ansell, CEO of TelUPay.
TLPY initially exploded last Friday at 3:46:56 PM when Stocktips announced it as their new big pick stating ”OUR BIGGEST MONSTER PICK EVER – TLPY!” The stock ran to a high of $0.26 on Monday before the steady decline started that saw the stock drop to lows of $0.124 on Tuesday.
According to 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 $36 million market valuation TLPY has no real fundamentals and will drop big once the Stocktips promotion is over. For now though TLPY is the subject of a $4.6 million Laluna promotion and fundamentals mean little in the coming weeks. 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.