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
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