Today from Sedar :
2.4 Effect on Financial Position
Mint intends to maintain the management, sales and operations of ePAY as part of its existing
operations. ePAY’s senior management team have committed to continue their employment with
Mint is seeking to raise up to $3,400,000 to be loaned to ePAY for use as additional inventory
capital. ePAY purchases mobile phone credits in the form of prepaid minutes from mobile phone
companies and sells those credits through its resellers to end users. Funds advanced to ePAY as
additional inventory capital will be used to increase its inventory of mobile phone credits.
ePAY is an unincorporated entity now operated as a division of MME. Mint intends to incorporate
ePAY by forming a new company into which the ePAY assets will be transferred.