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Net Element Inc

Net Element Inc (NETE)

13.09
0.00
(0.00%)
Closed March 29 04:00PM
0.00
0.00
(0.00%)

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Key stats and details

Current Price
13.09
Bid
12.55
Ask
12.64
Volume
-
0.00 Day's Range 0.00
0.00 52 Week Range 0.00
Market Cap
Previous Close
13.09
Open
-
Last Trade
Last Trade Time
Financial Volume
-
VWAP
-
Average Volume (3m)
-
Shares Outstanding
184,169,000
Dividend Yield
-
PE Ratio
-2.50
Earnings Per Share (EPS)
-5.24
Revenue
366k
Net Profit
-964.89M

About Net Element Inc

Net Element Inc is a financial technology-driven group specializing in mobile payments and other transactional services in emerging countries and the United States. It operates through two segments. The North America Transaction Solutions segment provides technology and services to businesses that a... Net Element Inc is a financial technology-driven group specializing in mobile payments and other transactional services in emerging countries and the United States. It operates through two segments. The North America Transaction Solutions segment provides technology and services to businesses that are required to accept cashless transactions, mobile payment services, merchant performance analytical tools, and merchant back office reporting; and the International Transaction Solutions segment provides online and mobile commerce solutions for merchants including social networks, game developers, online magazines, mobile applications and digital media operators. The company generates a majority of its revenue from the North America transaction solutions segment. Show more

Sector
Cmp Processing,data Prep Svc
Industry
Blank Checks
Headquarters
Dover, Delaware, USA
Founded
2012

NETE Latest News

No news to show yet.
PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
10000000CS
40000000CS
120000000CS
260000000CS
520000000CS
1560000000CS
2600000000CS

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NETE Discussion

View Posts
makinezmoney makinezmoney 2 years ago
$NETE: This is now $MULN........... Cmon OVER !!!!!!






GO $MULN
๐Ÿ‘๏ธ0
TrackDude TrackDude 2 years ago
fly baby, fly!
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hub2011 hub2011 2 years ago
Itโ€™s the conversion that is frustrating. Itโ€™s not published. But if you dig through the s-4, seems favorable as muln holders may end up 1:4-1:8. I asked Oleg on Instagram and he responded itโ€™ll be 1:1 for Nete holders. My thinking was so sell nete before Thursday close, then pick up muln after it trades a bit. There should be EV money flowing it. However, without knowing how my shares will be treated, itโ€™s frustrating. The whole closing has been.
๐Ÿ‘๏ธ0
TrackDude TrackDude 2 years ago
Will probably sell some and hold the rest to see what happens
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hub2011 hub2011 2 years ago
You thinking to hold through the 5th, or sell into it? Iโ€™m ticked off the ratio hasnโ€™t been announced. Assume itโ€™s 15%
๐Ÿ‘๏ธ0
TrackDude TrackDude 2 years ago
Threw some more into this earlier this week. Hope this climbs up through close next week
๐Ÿ‘๏ธ0
DownInTheDM DownInTheDM 2 years ago
Merger coming in hot
๐Ÿ‘๏ธ0
Bearslayer Bearslayer 2 years ago
8k out on Nasdaq revenue proforma request on balance sheet unaudited.
๐Ÿ‘๏ธ0
TrackDude TrackDude 2 years ago
Looks like it.
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hub2011 hub2011 2 years ago
Seriously, we might hit 2 months before we see it happen.
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TrackDude TrackDude 2 years ago
This merger close has felt like an eternity.
๐Ÿ‘๏ธ0
colorfullife88200 colorfullife88200 3 years ago
Yeah right, today confirm that the S-4 APPROVED , so we can expect NASDAQ soon. The PPS wasnt up significantly may be people still worry about how many shares after the marry they get , and how much per share when begin listing on NAS.
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Jagman5 Jagman5 3 years ago
From what I read online the NASDAQ review typically takes two weeks. Don't know when they submitted for review.

$NETE
๐Ÿ‘๏ธ0
Bearslayer Bearslayer 3 years ago
They received sec s4 approval. Now waiting on nasdaq. Could be any day now.
๐Ÿ‘๏ธ0
colorfullife88200 colorfullife88200 3 years ago
Well, mid month already passed, still no action. Are we have to wait for final approved from the SEC ?
๐Ÿ‘๏ธ0
TrackDude TrackDude 3 years ago
Itโ€™s midmonth now, when is closing expected?
๐Ÿ‘๏ธ0
hub2011 hub2011 3 years ago
It will start kicking when it changes ticker to $MULN mid month. Some people are concerned about the new shares in the proxy, but they are not considering the value of Mullen. So itโ€™s a wash. This will move when people see it as the new EV play, not a $nete trade.
๐Ÿ‘๏ธ0
crudeoil24 crudeoil24 3 years ago
LMAO!
๐Ÿ‘๏ธ0
makinezmoney makinezmoney 3 years ago
$NETE: Lemme call the CEOโ€ฆ.

and find out for you.


GO $NETE
๐Ÿ‘๏ธ0
colorfullife88200 colorfullife88200 3 years ago
but it didnt hold , whats wrong ?
๐Ÿ‘๏ธ0
makinezmoney makinezmoney 3 years ago
$NETE: WOW nice pop to $13 there




Whatttttttttts uppppppppppppppppppp.... straight off a halt too.



GO $NETE
๐Ÿ‘๏ธ0
stockforce stockforce 3 years ago
Argus is a joke entity. No way they could swallow NETE as a whole and take on all their hundreds of millions of liabilities. They need the market to absorb this debt. Whereโ€™s the market? Who can they go with to get listed in the market?
๐Ÿ‘๏ธ0
stockforce stockforce 3 years ago
Oleg was Argusโ€™s chairmanโ€™s boss at Acies for 4 years between 2004 and 2008 when they were both at Acies, the company that Oleg started. Argusโ€™s two managing partners are Armenโ€™s acquaintances.
๐Ÿ‘๏ธ0
TrackDude TrackDude 3 years ago
On pace for about $115 million in Revenues this year. Plus finally showing some profits as well
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Truth022809 Truth022809 3 years ago
Upset about the merger? If it ever actually takes place the net element shareholders will be far better off. In the world of payment businesses, net element was only a matter of time away from
Bankruptcy. Growth was dismal and no profits to speak of
๐Ÿ‘๏ธ0
stockforce stockforce 3 years ago
Dan Martinez, the companyโ€™s Investors Relationship manager and one of the founders of Star Capital (Olegโ€™s financial company providing the funds for Net Element) was so upset possibly by the restructuring that the company is going through right now. He just recently deleted all his old connections at NETE on LinkedIn, as well as all his past experiences and all his comments, likes and activities etc. that he had posted on LinkedIn in the past 5 years. He also deleted his own profile picture.
๐Ÿ‘๏ธ0
colorfullife88200 colorfullife88200 3 years ago
Getting close the deal, Nete up , up away!
๐Ÿ‘๏ธ0
Truth022809 Truth022809 3 years ago
Oleg just got himself another $1million huh?
๐Ÿ‘๏ธ0
colorfullife88200 colorfullife88200 3 years ago
Whats up today ?
๐Ÿ‘๏ธ0
Bearslayer Bearslayer 3 years ago
A little movement here.
๐Ÿ‘๏ธ0
Truth022809 Truth022809 3 years ago
They are but we have to be realistic about it. There are only so many cars that can get sold. Some of these EV companies have valuations almost as big as massive car makers, and they sell nothing. The EV market will never live up to the massive market caps that the investment company has built up for it. A few of them will make it big and the others will be small time players that turn a little profit...but they def wonโ€™t all be 10-100 billion companies
๐Ÿ‘๏ธ0
TrackDude TrackDude 3 years ago
EV market is just in a cooling period. Iโ€™ve been buying up a bunch of EV stocks in the mean time. Electric cars are the future, and I anticipate things will pick up again when the time is right.
๐Ÿ‘๏ธ0
Bearslayer Bearslayer 3 years ago
They need a visible spokesperson. Then we can ride the pump train to green. Still hoping for the best here.
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Truth022809 Truth022809 3 years ago
It looks like it is, but I have Lost any faith that it will ever get done... electric car companies have also been tanking for months. They missed the boat on their potential run. Iโ€™m sure it will run if it ever goes through, but nothing like it would have, had they gotten it done end of last year or even begin of 2021
๐Ÿ‘๏ธ0
colorfullife88200 colorfullife88200 3 years ago
But the deal still intact , it is only need to wait little longer and should get it done by 8/31/2021.
๐Ÿ‘๏ธ0
Truth022809 Truth022809 3 years ago
Because they have been delaying this thing for over a year now. Think everyone has lost interest....
๐Ÿ‘๏ธ0
colorfullife88200 colorfullife88200 3 years ago
Vote yes is a sure thing, how come still down ?
๐Ÿ‘๏ธ0
Jagman5 Jagman5 3 years ago
He also doesn't have a clue what is going to happen with $NETE shares.
๐Ÿ‘๏ธ0
Truth022809 Truth022809 3 years ago
No wondering for me. I know Why he is here. Needs to make himself believe he is smart..
๐Ÿ‘๏ธ0
Bearslayer Bearslayer 3 years ago
Since heโ€™s not a holder here it makes you wonder why.


๐Ÿ‘๏ธ0
Truth022809 Truth022809 3 years ago
Oh goodie. The clown has entered this room
As well
๐Ÿ‘๏ธ0
DCorleone DCorleone 3 years ago
Common stockholders of the combined company may experience substantial dilution in the value of their investment or their ownership interest as a result of the proposed $30 million line of credit to be in place at the Effective Time or if the combined company issues additional shares of its capital stock in the future.

๐Ÿ‘๏ธ0
Jagman5 Jagman5 3 years ago
I just finished reading your comments over there. Very insightful, thanks.

$NETE
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Bearslayer Bearslayer 3 years ago
Yeah we started talking about it last night on the rx board.
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Jagman5 Jagman5 3 years ago
While you are correct about the defa 14a filed 5/14/21, there were also two other documents filed that same day. The 8k says, in essence, the same as the defa 14a. They also filed the S-4 registration statement with attached prospectus.

In the S-4 it states that Net Element's existing business will be sold to RBL Capital LLC.

$NETE
๐Ÿ‘๏ธ0
Bearslayer Bearslayer 3 years ago
Filing out

Additional Proxy Soliciting Materials (definitive) (defa14a)


Extension til 8/31. Mullen audit is the holdup. 1.5 million in accrued unpaid fines due to Nete and a new clause on termination by either party and 750k penalty due the other party.
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Jagman5 Jagman5 3 years ago
You guys WERE right, Mullen must have had serious accounting issues. But their audited fins were completed about the end of March. They said they were working on completing the S-4 (NOT S-1) and prospectus per the 8k.

$NETE
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garrox garrox 3 years ago
IMO, Mullens financials have not been finalized for their S-1 listing. This is why the are being penalized by NETE every day. So, you are probably right, the accountants are holding up the process.
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Truth022809 Truth022809 3 years ago
I agree, just ridiculous at this point. I think Mullen accounting must have had major issues to fix
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TrackDude TrackDude 3 years ago
I donโ€™t get the hold up at all. Is this merger more complex than I realize? Nete divests the payment process business, Mullen takes the shell and gets itself on the big board. Nete should have its divesting plan all lined up by now. I mean this has been ongoing for nearly a year now. Are the Mullen accountants just taking their time? I have to believe the delay is on them at this point.
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