Mint Technology, MIT.v C$.105
Posted: Monday Jul 25 11:20:59AM 2011
MIT.v -.015 to C$.10 Mint dropped to .09 this morning on a big sell order. Volume is high at 1.4million shares traded. The drop hit a buy order for me at .10. I think Mint is a good long term hold. They have a government mandated requirement for employers in the Middle East to provide some kind of banking for imported laborers. Mint provides cost effective debit cards as well as money transfer services so the laborers can send money home to their families. They just completed a big card base purchase from a similar company and doubled their card base to 400,000. They are signing new customers and growing organically as well. They are still not profitable but have said they expect to be cashflow positive by year end.
Posted: Tuesday Jun 21 10:14:53AM 2011
MIT.v +.01 to C$.13 new report from smallcappower on Mint Technology. http://www.smallcappower.com/microsite/mint_technology_corp.html