Vemanti Group, Inc. Discusses $30 Million In Financing from Institutional Capital Partners with The Stock Day Podcast
Phoenix, Arizona--(Newsfile Corp. - September 17, 2020) - The Stock Day Podcast welcomed Vemanti Group, Inc. (OTC Pink: VMNT) ("the Company"), a technology-driven multi-asset company that seeks to be active in high-growth and emerging markets. CEO of the Company, Tan Tran, joined Stock Day host Everett Jolly.
Jolly began the interview by noting that the Company recently announced that they had secured $30 million in non-dilutive financing from two institutional capital partners. "Getting funding from institutional players is not an easy task at all," said Tran. "Not only this is a tremendous accomplishment given the ongoing global pandemic, but it is also a major stepping stone for us," he continued, sharing that the deal has drastically improved the Company's exposure and credibility. "It literally puts us in a different league."
"The new funding allows us to increase our current lending capacity and generate more revenues, but it also gives us the resources to employ new product offerings," said Tran. "VMNT is all about shareholder value, and the math is quite simple. The new capital injection allows eLoan to generate more revenues and profits," continued Tran, before elaborating on the potential this funding represents in terms of building value.
"Plans are being put together to give us controlling interest of eLoan," shared Tran. "That of course will give us a valuable asset with which we can leverage for other transactions, not to mention how the market will react."
Jolly then asked whether or not the Company intends to uplist. "We absolutely want to move up," said Tran, adding that the Company is looking forward to adhering to higher SEC standards. "We need to be patient and do things organically," added Tran. "It's never been a question of if, but of when we would uplist," said Tran.
Tran then explained that the Company is already preparing to have their 2018, 2019, and 2020 financials audited, and hopes to uplist to the OTCQB by Q2 of 2021, followed by the NASDAQ within 2 years.
The conversation then turned to the Company's progress in the investment and acquisition of a gold refinery in West Africa. "We have presented our proposal to them and it is being reviewed by their board members and major shareholders, and the feedback has been positive so far," shared Tran. "The indication that I'm getting is that they want to do this, but they need clearance from the local regulators before we can move forward," said Tran. "We do have another gold deal that we're looking at as well with a very similar structure," he added. "We're working towards a structure to give us a path towards majority ownership of their three mines."
"Throughout history, gold has been a valuable commodity and has demonstrated stability over time through economic downturns," said Tran. "Having such a time-tested asset in our portfolio allows us to quickly deliver on our vision of building a decentralized and democratized economy where cross border transactions can be carried out directly between buyers and sellers, regardless of their physical jurisdiction, using a gold-backed cryptocurrency."
To close the interview, Tran thanked his shareholders for their support as the Company continues to grow and build value.
To hear Tan Tran's entire interview, follow the link to the podcast here: https://audioboom.com/posts/7684966-vemanti-group-inc-discusses-30-million-in-financing-from-institutional-capital-partners-with-t
About Vemanti Group, Inc.
Vemanti Group, Inc. (OTC Pink: VMNT) is a technology-driven multi-asset company that seeks to be active in high-growth and emerging markets. Our core strengths are in technology development and investment. We drive growth through acquisition and investment in disruptive and foundational technologies by targeting early-stage companies that have market viable products or by starting a new subsidiary of our own. Strategically, we focus mainly on fintech applications combined with other emerging technologies, including blockchain and machine learning/AI.
This press release contains forward-looking statements within the meaning of Section 27a of the Securities Act of 1933, as amended and section 21e of the Securities and Exchange Act of 1934, as amended. Those statements include the intent, belief or current expectations of the company and its management team. Forward-looking statements are projections of events, revenues, income, future economics, research, development, reformulation, product performance or management's plans and objectives for future operations. Some or all of the events or results anticipated by these forward-looking statements may not occur. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. Accomplishing the strategy described herein is significantly dependent upon numerous factors, many that are not in management's control.
Vemanti Group, Inc.
About The "Stock Day" Podcast
Founded in 2013, Stock Day is the fastest growing media outlet for Nano-Cap and Micro-Cap companies. It educates investors while simultaneously working with penny stock and OTC companies, providing transparency and clarification of under-valued, under-sold Micro-Cap stocks of the market. Stock Day provides companies with customized solutions to their news distribution in both national and international media outlets. The Stock Day Podcast is the number one radio show of its kind in America. Stock Day recently launched its Video Interview Studio located in Phoenix, Arizona.
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/64027