Telupay International Inc (OTCMKTS:TLPY) is making an explosive move up in recent days after some newsletters including Trendingwallst covered the stock to their followers.
TLPY was a Stocktips promo that quickly turned into an EPIC failure that has resulted in huge loses for Stocktips following as well as hurt their ability to perform going forward. The stock exploded on their alert March 6 with Statler proclaiming ”TLPY My Biggest Pick EVER!”
Stocktips TLPY 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.”
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.
On Mach 10 TLPY announced it has signed an MOU with Xytrix Systems Corporation to manufacture self-service payment kiosks. Xytrix provides the hardware and TelUPay provides its payment technologies and its aggregator services to enable Filipino consumers to purchase mobile airtime, pay bills, top-up stored value cards for transit systems, convenience stores and restaurants, purchase prepaid electricity and conduct remittances through national remittance operators.
Management’s goal is to deploy 1,000 kiosks by the second quarter 2016 in strategic locations like convenience stores, call centers, BPO’s and the Philippines EPZAs factories, servicing millions of Filipino workers.
Mr. Adrian Ansell, CEO of TelUPay said “The deployment of self-service payment kiosks is a critical part of our strategy in building out TelUPay’s branded ‘Tap-Tap’ service in the Philippines. Each unit installed will be initially accompanied by a TelUPay representative to introduce the service to the Filipino community. Upon maturity, we expect each kiosk to generate between 120 to 150 transactions a day.”
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Statler has been very quiet on TLPY recently (not surprisingly) on March 11 he said ”Hello Boys and Girls…I hope you are reading this email this morning. I just want you to know that the TLPY show has not even started yet. Are we doing things differently this time? YOU BET WE ARE! I am not one to let down my readers! Nor am I one to walk away from a fight!
I believe that TLPY is getting shorted like NO OTHER pick I have ever featured! What could this mean? Simple – that there is a HUGE upside potential for our smart readers! We are watching market makers COHI and CDEL sit on the offer like its going out of style.
If I am right, the reward could be IMMENSE for our smart readers.TLPY is different from any other pick that I have ever featured – IN A BETTER WAY – I sugest you just sit back and enjoy the TLPY show 🙂 I strongly urge you are patient with TLPY, the payoff could be HUGE.”
We believe of importance to TLPY is 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 $5.5 million market valuation TLPY has minimal assets or revenues and rising short term debt. This is a failed promotion from Stocktips most likely due to an increasingly aggressive short position who has seen all their prior picks tank. 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.