Mercurity Fintech Holding Inc. (MFH) Social Stream
Featured Post From StockTwits About MFH
$MFH @zmanx @IsabellaDCWallstreetplayers1234, published June 7, 2021
MFH is going to be the future of fintech and they haven't even slightly been noticed yet. Check out how strong their board of directors are on their investor relations page.
These 3 companies all share the same management Mercurity Fintech Holding (public), Roxe (private), and Apifiny (private).
Erez Simha is the CFO and President of Mercurity Fintech Holding (public) and Apifiny (private) according to his LinkedIn. How often or ever do you see something like that?
Haohan Xu is the CEO of Roxe and Apifiny. He acquired 50% of MFH (formerly known as JMU and yes that old company used to be sketchy. They have since gone very legit) in 2019 for $4 million. He currently sits on the board of directors for MFH.
Andrew Banhidi was hired as the technology VP of Mercurity on March 2020 and he is also the head of research of and Tech Sales for Apifiny.
Those are management examples that have direct examples.
Other Notable StockTweets About MFH
$MFH Million-dollar question(s):
did Haohan Xu divest his shares in Mercurity Fintech because he didn't want to have any conflicts of interest when Apifiny is made public through a reverse merger?
Or did he sell the Mercurity shares because, advised by Wall Street pros to take Apifiny public through an IPO, he didn't want his name associated with JMU, a food-service company before it was taken over and its name changed to Mercurity Fintech Holdings?
The correct answer could make some people very rich...or very poor.
Anyone have any proof to answer either question?
$MFH Found this: "The Roxe network is growing rapidly and has activated two supernodes, Mercurity Fintech Holding Inc. (NASDAQ: MFH) and Apifiny Asia Pte. Ltd., on its blockchain, Roxe Chain, to further increase its computational power and drive network value. The network will activate more supernodes over time, making the network even faster and more decentralized, secure and reliable. As more banks, trading markets, and cross-border payment and remittance companies become node members on the Roxe network, the speed, operational and cost-saving benefits for each member will grow via classic network effects."
Question for anyone out there: why do you think these two private companies will go public through MFH? Is there any evidence? Someone on this board said they plan on going public by the end of the year--have they said how?
@Dr_Stoxx According to $MFH 2019 annual report page 67 insiders own 90% of the stock. I know that is from 2019 but they have.recently done a bunch of share purchase agreements directly to other people that distorts the insider ownership. I personally consider them still insiders. If they would have sold on the market I would think differently.
If I am correct that it is still 90% "insider ownership" that puts the float at less than 900k. Institutions don't own any of this stock. Just glancing at this company you wouldn't even give them the time of day. If you see a large outstanding share number like in the billions those are in ordinary shares you have to divide the large number by 360 to get 1 share of MFH.
Apifiny is planning on going public by the end of the year. They haven't announced yet how they plan on listing. My guess is thru a reverse merger with MFH. Even if that doesn't happen MFH defi and cross border remittance are worth more than the current market cap.