ILVL became TLPY shortly after this report. TLPY is the newest StockTips alert, effective March 6, 2015.
Traders looking to get into one of the last remaining shell corps set up by the law firm of Carrillo Huettel LLP, the mobile banking penny stock of Mobetize Corp. (OTCBB:MPAY), are still waiting for the first shares to get traded. In the meantime though, attention can be better spent on watching i-Level Media Group, Inc. (OTCMKTS:ILVL) which filed their 8-K yesterday, announcing the acquisition of 100% of the issued and outstanding shares of Telupay PLC. Since both company’s acquired the same company, instead of waiting for MPAY stock to be pumped, ILVL stock looks like it’s ready to go and should take some good money from you within the next few weeks.
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ILVL Stock Quote
Market Cap: 34.16M
Last: 0.45▼ -0.25 (-35.71%)
Issued and Outstanding: 107,411,182
Issued To TeluPay: 78,492,357
Adrian Crawford Ansell, CEO, President and Director: ?
Jose Luis Moraza Romero-Salas, Director: 5,172,719
Perseverando Medalla Hernandez, Director: 4,105,009
Adrian Ignacio Ocampo, Director: 1,554,608
Mark Jon Keene, Director: 2,215,272
Rosarito Deferia Carrillo, CFO, Secretary and Treasurer: 865,201
14-Day Rel Strength: 56.19%
1st Resistance Point: 0.6167
1st Support Level: 0.3667
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Mobetize and I-Level Media appear to have acquired the exact same company, TelUupay, Inc. Stephen Fowler, the CEO of Mobetize, and Adrian Crawford Ansell, CEO of I-Level Media Group, co-founded TelUPay PLC, the parent group of the TelUPay group of companies. Within the group are:
- TelUPay PLC;
- TelUPay Solutions Ltd.;
- TelUPay IP Ltd.;
- TelUPay UK Ltd.;
- TelUPay (Philippines) Inc.; and
- TelUPay (M.e) FZE
Confused yet? Welcome to the club.
Basically, the acquisition I-Level Media made appears to be the non-UK entities, focused mainly on their Philippine and Peruvian business models. Focused on 2 of the poorest countries in the 2nd/3rd/4th world, depending on your own views, the highlights TelUPay can hang its sombrero on are few and far between.
The Company is hoping to achieve “strong progress in Philippine business” with 3 of the top 10 Philippine banks, Metrobank, UnionBank and United Coconut Planters Bank (UCPB), and 1 of the 2 interbank networks, MegaLink. The named companies are already using Telupay’s platform which means little since cash is king in the hand-to-mouth economy of S.E. Asia.
They also have Metapago in Peru, looking to reach the goal of providing service through its 6,000 agents to the 10 million plus unbanked adults in Peru. If there are 10 million unbanked adults in Peru, perhaps the milestone might be a bit overstretched unless they can find a way to get a mobile Peruvian flake ordering platform established for direct shipments to the established markets of Miami, L.A., and New York City.
ILVL stock is already trading and could go at anytime now. Mobetize’s MPAY, on the other hand, doesn’t look like it’s going to be much of anything for now. With only 23 million hares issued and outstanding, 525,000,000 authorized since the 7-for-1 stock split, they are going to have make some major acquisition of some sort before they can pump that making ILVL stock the play for now if you need to throw some money towards TelUPay.
About ILVL Stock
i-Level Media Group, Inc., through their newly acquired, wholly-owned subsidiary TelUPay, Inc., is a development stage company focused on becoming a leading online and mobile commerce platform provider for telecom operators, payment service providers and banks.
Click here to view the SEC filings for ILVL.
Click here to view the website for TeluPay
Last 5 Trading Sessions:
Seeing as how the same company appears to have been acquired by both Mobetize Corp. and i-Level Media Group, the one that’s ready to go and should be on the “penny stocks to be promoted” watchlist is ILVL. They have enough shares issued and outstanding to make for a circuit type campaign and raise the capital needed to push MPAY stock forward which could be an Awesome Penny Stocks play in the future.
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