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Son Of Square (SQ)? Initiating Coverage On MoneyOnMobile (MOMT).

|Includes: MoneyOnMobile, Inc (MOMT), SQ

While the company MoneyOnMobile ($MOMT) has teriffic proven technology and the lead position in its market (India) having done $1.7 billion in cumulative payment processing, what drew us to the bright light was news that Jim McKelvey a co-founder of Square ($SQ), its third largest shareholder when it went public, had joined MOMT's board of directors.

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If McKelvey is involved in a new publicly traded start-up in payment processing, it only make sense that we look past the press releases and dive into their SEC filings.

This is what we found:

Click here or on report cover.

Disclosure: I am/we are long MOMT.

Additional disclosure: See full disclosure on report.