Moxian,
Inc. (OTCQB: MOXC) is gearing up for a NASDAQ listing. In an interview
(http://nnw.fm/8DzdP) with Asia Fund Space, Mr. James Tan, CEO of Moxian, spoke
passionately about the impending upgrade, likening his company to Facebook
(NASDAQ: FB), which in its early years had promising earnings potential but
minimal revenues. Tan believes a NASDAQ listing will make the company known to
an investor community that is better informed about tech companies like Moxian.
Moxian has been trading on the OTCQB Venture Marketplace since early 2014. Now,
two recent filings with the U.S. Securities and Exchange Commission show Tan is
following up on his earlier pronouncement.
In
June 2016, Moxian filed a Securities Registration Statement (Form S-1), which
is the initial registration form for new securities. Form S-1 is required under
the Securities Act of 1933 so that potential investors might receive financial
and other significant information concerning securities being offered for
public sale; and so to lessen the likelihood of deceit, misrepresentations, and
other fraud in the sale of those securities. For this reason, the Act has
earned the sobriquet, the ‘truth in securities’ law. The Registration Statement
requires a company to provide an overview of its business and plans for the
future, a description of the securities to be offered for sale, information on
its management, financial statements certified by independent accountants, and
say how it intends to use the funds raised by the securities offering. The S-1 can
be viewed at http://nnw.fm/XvD2O.
In
addition, earlier this month, Moxian announced that its board of directors had
approved a reverse stock split of the company’s issued and outstanding shares
of common stock, par value $0.001 per share, at a ratio of 1-for-2. The reverse
stock split will reduce Moxian’s authorized common stock from 500 million
shares to 250 million shares. The stock split, which has been approved by
FINRA, will make it easier for Moxian’s stock price to approach the listing
requirement. It has meant that from July 12, 2016, for 20 business days, the
trading symbol of the stock will be MOXCD, before reverting to MOXC. The 8-K
filing for the reverse stock split is available at http://nnw.fm/p7Tv0.
Moxian
is in good hands as it prepares for the listing upgrade. James Mengdong Tan,
its CFO, president and CEO, is an experienced manager who has held senior
executive positions in both private and public companies. He is also currently
a director and CEO of 8i Capital, which provides advice on corporate floatation
on major exchanges. Tan was the Chairman and CEO of Vashion Group, a company
listed on the Singapore Stock Exchange (SGX), from 2003 to 2006. From 2006
until 2009, he was the Executive Director and CEO of Vantage Corporation
Limited, which is also listed on the SGX. In addition, he served on the board
of Pacific Internet Ltd, a NASDAQ-listed company, until it was taken private.
Moxian
is in the online-to-offline (O2O) business. The company provides small and
medium-sized enterprises (SMEs) featuring an established brick-and-mortar
presence with an online platform, Moxian+, which allows them to conduct
business, interact with existing customers and obtain new customers. Moxian+
has five components. Its social media engine not only facilitates discourse
between merchant clients and consumers but also allows consumers to connect
with each other and act as brand promoters. With Moxian+, ecommerce is easy.
Merchant clients can publish information on products, offer coupons, advertise
events and sales and keep consumers educated with blogs. And, consumers can
order products at the online shops for express delivery.
Moxian+
also includes incentives to encourage shopping and has its own currency.
Shoppers can obtain MO-Points when they shop online, which allow them to play
games on the Moxian+ platform or engage in other activities sponsored by
merchant clients. The MO-Points can either be redeemed at online shops or
exchanged for MO-Coins: virtual currency that can be used at any merchant client’s
physical store location. There are a variety of games on the Moxian+ platform
that shoppers can play to win MO-Points and MO-Coins. Finally, Moxian+ offers
data crunching capability that provides insights on consumer behavior. Now,
merchant clients can better tailor their promotions to suit their target
markets.
For
more information, visit the company’s website at www.Moxian.com
MissionIR is committed to connecting the investment community with companies that have great potential and a strong dedication to building shareholder value. We know our reputation is based on the integrity of our clients and go to great lengths to ensure the companies represented adhere to sound business practices.
Sign up for “The Mission Report” at www.MissionIR.com
Please see disclaimer on the MissionIR website http://www.missionir.com/disclaimer.html
