Frequently asked questions by investors
Yes,
With the ownership transition and rebranding to MOOLA CLOUD, we are seeing increased revenues. We anticipate a significant boost at the beginning of the year with the integration of new mobile services and the launch of NEW digital products and prepaid cards.
Current ownership of insiders is around 40.06%
We currently sell the bitcoin we mind once the company gets effective and trade on its own we plan to keep a part of the bitcoin in the balance sheet.
As soon as we clear all the comments from the SEC we will be able to anounce a record date for stock dividend
The Company is engaged ongoing litigation with FFS Data relating to a breach of contract in connection with the Acquired Merchant Portfolio whereby the Company is making a claim to recover the purchase price of the Acquired Merchant Portfolio and FFS is claiming to be paid the full purchase price of the Acquired Merchant Portfolio,. In addition, in connection with the litigation with FFS, the Company has also made a claim against Clear Fork Bank (the “Bank”), the payment processing bank for the Acquired Merchant Portfolio, for damages the Company suffered as a result of it having to cease processing transactions for the merchants underlying the Acquired Merchant Portfolio. The Bank has filed a counterclaim for fees incurred by it in connection with the transactions processed since the acquisition of the Acquired Merchant Portfolio by the Company.
After clearing all the coments from the SEC we plan to list on Nasdaq
the process has been started already
The current public float is 1,080,000 shares
Over 300 Antminer S19j PRO machines installed and mining Bitcoin.
Yes the previously announced Stock Buyback program is place and activ.
We have mined around 60 Bitcoins to date. As we continue to install more machines, this Bitcoin count rate will understandably increase.
Safe Harbor Statement
All statements from The OLB Group, Inc. in this FAQ that are not based on historical fact are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and the provisions of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements include, but are not limited to, statements concerning the impact of COVID-19 on our operations and financial condition, the CBD and related products marketplace, our ability to implement our proprietary merchant boarding and CRM system and to roll out our Omni Commerce and SecurePay applications, including payment methods, to our current merchants and the integration of our secure payment gateway with our crowdfunding platform. While the Company’s management has based any forward-looking statements contained herein on its current expectations, the information on which such expectations were based may change. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of risks, uncertainties, and other factors, many of which are outside of our control, that could cause actual results to materially differ from such statements. Such risks, uncertainties, and other factors include statements regarding the expected revenue and income for operations to be generated by The OLB Group, Inc. For other factors that may cause our actual results to differ from those that are expected, see the information under the caption “Risk Factors” in the Company’s most recent Form 10-K and 10-Q filings, and amendments thereto, as well as other public filings with the SEC since such date. The Company operates in a rapidly changing and competitive environment, and new risks may arise. Accordingly, investors should not place any reliance on forward-looking statements as a prediction of actual results. The Company disclaims any intention to, and undertakes no obligation to, update or revise any forward-looking statement.
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