Moxian, Inc. has built a novel ‘online-to-offline’ commercial platform to bring local businesses in touch with consumers. The Moxian+ mobile application was designed to provide a presence on mobile devices for businesses that normally rely exclusively on foot traffic.
Beginning in January 2016, the Company deployed twenty sales representatives in the Shenzhen markets. Management indicates that training has been completed and the reps have begun to move into these markets with new collateral material specifically designed to promote the Moxian+ Business app and sign up merchants.
We update our coverage of Moxian with discussion of recent financial reports, including a restatement of fiscal year 2015 results, a cancellation of certain common stock shares and a registration statement to raise new capital through the sale of common stock.
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