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  • wisemom_2000 wisemom_2000 Sep 24, 2009 8:35 PM Flag

    The Power of Mobile Money

    Sep 24th 2009
    From The Economist print edition

    "Mobile phones have transformed lives in the poor world. Mobile money could have just as big an impact.

    ONCE the toys of rich yuppies, mobile phones have evolved in a few short years to become tools of economic empowerment for the world’s poorest people. These phones compensate for inadequate infrastructure, such as bad roads and slow postal services, allowing information to move more freely, making markets more efficient and unleashing entrepreneurship. All this has a direct impact on economic growth: an extra ten phones per 100 people in a typical developing country boosts GDP growth by 0.8 percentage points, according to the World Bank. More than 4 billion handsets are now in use worldwide, three-quarters of them in the developing world (see our special report). Even in Africa, four in ten people now have a mobile phone.

    With such phones now so commonplace, a new opportunity beckons: mobile money, which allows cash to travel as quickly as a text message. Across the developing world, corner shops are where people buy vouchers to top up their calling credit. Mobile-money services allow these small retailers to act rather like bank branches. They can take your cash, and (by sending a special kind of text message) credit it to your mobile-money account. You can then transfer money (again, via text message) to other registered users, who can withdraw it by visiting their own local corner shops. You can even send money to people who are not registered users; they receive a text message with a code that can be redeemed for cash."

    story continued at -

    http://www.economist.com/opinion/displayStory.cfm?story_id=14505519&source=hptextfeature

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    • I am willing to play the risk reward here. The most I can loose is what I put in, it will not hurt me. One the other hand if they release good news, who knows?? Check out what happened to the stock of a company everyone thought was going bankrupt-VRMLQ.pk. Different industry and number of shares in the float, but if SDGL releases news and gets back to .15 I will be thrilled!!

    • Like I said, if what the company says is true.
      This is from the President & Director, Kamaruddin Bujang


      http://www.digitalapps.net/IR/updatefromsdglpresident.pdf

    • Mom,

      Did you buy any NVLT.OB? I bought at $.57, $.78, $.80. I also sold some at $.85, which I bought back at $.78. It appears this one has a good chance of going to $4.00. Their problem, if one can call it a problem, is they had to extend their tial period because their drug extended life longer than expected and they are now waiting to see how long people will live. I have heard they will complete trials in January.

      Have you heard anything from the folks at SDGL? I notice there was no shareholders meeting this year. I was all pumped last year after the shareholders meeting, but now I don't know what to think. I am still holding my investment of more the 700,000 shares with an average cost of $.10. I figure I have lost most of my investment and selling at this price makes no sense; I can't lose much more.

      • 2 Replies to wanttruthinvestor
      • WTT - I didn't buy NVLT. Will take a look. I've had some nice trades with my Lehman that I started buying back in the early part of the year. Mostly the trust and preferred Lehman issues, not holding any common. So keeping my fingers crossed for Lehman to survive in some way and the trust shares paid a decent percentage of their face value. I had a nice ride with SOLM from its lows, now TECZ (after a 1:100 RS) and only holding a few free shares. Lots of little ones popping everyday so sometimes I get lucky for a quickie. I do like CNOA here for a possible pop soon.

        SPNGE has really been a ride for some hasn't it? Hope no one got hurt with that one.


        AS for SDGL, I do think we're close to coming out of the dark. News could come at any time.

      • I second everything you said albeit with a larger psoition.

        I recently bought ACCP- Looks Good
        Added More alot more RMTI- If they get approval a five bagger for sure. , steady even without approval

    • This Company is a fraud that doesn't pay its bills.
      Beware my friends.

    • Just HOW does this relate to SDGL?

      I am getting curious as to what is going on.

      I DID have a very nice dream the other night.

      POSITIVE, try to stay POSITIVE

      Long: SDGL CYMGF PG ALLI RMTI HEB

      • 1 Reply to Sgjerry_3230
      • Imo Jerry it shows how increasingly important cell phones are becoming to the emerging economies. While SDGL is not in the banking industry, it's certainly positioning to be in the advertising and retail media business. This is just another way to "move money" from one hand to another especially if it comes with incentives.

        Just a sign of the time we live in that I thought might be of interest to some.

 
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