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Freedom Holding Corp. (FRHC)

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Moderator: Orangeman3, love your neighbor , HMB2010, heidibrown, Supervisor
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Last Post: 12/15/2017 3:08:24 PM - Followers: 68 - Board type: Free - Posts Today: 0




Share Structure:

Authorized Shares: 500,000,000
Outstanding Shares: 48,537,233 (updated per TA on 11-14-17)
Restricted Shares: 47,176,447
Float: 1,360,786

A description of business (from the 10-Q 11/14/2017)

Freedom Holding Corp. is a Nevada corporation (“FRHC”) and was formerly known as BMB Munai, Inc. In 2015, FRHC entered into a Share Exchange and Acquisition Agreement with Timur Turlov (the “Acquisition Agreement”) to acquire several businesses owned by Timur Turlov in exchange for controlling interest in FRHC. As the acquisitions are completed these businesses have become operating subsidiaries of FRHC. FRHC is building an international brokerage, banking, and financial services firm to meet the demand of a growing number of investors in Russia and Kazakhstan that desire financial services integration and greater access to the financial opportunities, relative stability, and integrity of the U.S. securities markets.
Pursuant to the Acquisition Agreement, FRHC acquired FFIN Securities, Inc., a Nevada corporation, (“FFIN”) from Timur Turlov and controlling interest in FRHC was transferred to him. FFIN was established to create or acquire a registered broker-dealer in the United States. At the same time, FRHC began upgrading the financial reporting capabilities of its foreign acquisition candidates to meet the regulatory standards imposed upon FRHC as an SEC registrant and pursuing the governmental approvals to permit FRHC ownership of the acquisition candidates.
In June 2017, FRHC closed the acquisition of LLC Investment Company Freedom Finance, a Russian limited liability company (“Freedom RU”) as a wholly owned subsidiary, which included three wholly owned operating subsidiaries, including JSC Freedom Finance, a Kazakhstan joint stock company (“Freedom KZ”), LLC First Stock Store, a Russian limited liability company (“Freedom 24”) and LLC FFIN Bank, a Russian limited liability company (“FFIN Bank”). Freedom RU also maintains a representative office in Kazakhstan, referred to herein as “KZ Branch.” In 2017, FFIN decided to delay application for broker-dealer registration in the United States until such time as FRHC completes integration of its foreign operating subsidiaries.
Subsequent to the quarter end, in November 2017, we received final regulatory approval to complete the acquisition of FFINEU Investments Limited, a Cyprus limited company (“Freedom CY”) and closed the acquisition of Freedom CY on November 10, 2017. We also entered into an agreement to acquire LLC Freedom Finance Ukraine, a Ukranian limited liability company (“Freedom UA”), subject to receipt of required regulatory approvals.


Timur Turlov & Co...arrived in the USA for completion of acquisition  September 2017

Follow CEO Timur Turlov on Instagram!

On November 23, 2015, BMBM and Timur Turlov entered into the Acquisition Agreement, by which BMBM acquired FFIN, in exchange for 224,551,913 shares of BMBM’s common stock, which constituted approximately 80.1% of its 280,339,467 shares of issued and outstanding common stock after giving effect to such acquisition.

On June 29, 2017, BMBM closed the acquisition of LLC Investment Company Freedom Finance (Russia) (“Freedom RU”). The acquisition of Freedom RU included the securities brokerage and financial services business conducted by it in Russia, along with its wholly owned subsidiaries: JSC Freedom Finance (Kazakhstan) (“Freedom KZ”), and the securities brokerage and financial services business conducted by it in Kazakhstan; LLC FFIN Bank (Russia) (“FFIN Bank”), and the banking business conducted by it in Russia, LLC First Stock Store (Russia) (“FSS”), and the online securities marketplace it provides to Russian investors, and Branch Office of IC LLC Freedom Finance in Kazakhstan, (Kazakhstan) (“KZ Branch”) organized to serve as the representative office of Freedom RU in Kazakhstan.

November 6th, 2017 DONE!***Pursuant to the terms of the Acquisition Agreement, BMBM also has the right to acquire from Mr. Turlov 100% of the equity interests of FFINEU Investments Limited (Cyprus) (“Freedom CY”), and the securities brokerage and financial services business conducted by it in Cyprus. BMBM and Mr. Turlov are currently working with the Cyprus Securities and Exchange Commission to obtain necessary regulatory approval to transfer ownership to BMBM.

September 6th, 2017 A Reverse Stock Split (1:25) took effect.
October 11, 2017 Employee Incentive Program share dispersal announced.
November 14, 2017 10-Q  (Quarter ending Sept. 30, 2017)


FFIN proposes to conduct business as a U.S. securities broker-dealer and proposes to file applications to become a member of FINRA and a licensed securities broker-dealer with the SEC and applicable state securities commissions. $FRHC to up-list to the NYSE (Nov/Dec 2017 or Jan 2018).

 All Edgar Filings
OTC Markets Filings


*Freedom Finance will act as the underwriter AND market maker for the IPO of the Bank of Astana



Wikipedia Russia

Social Networks


Eastern Economic Forum   September 2017  Vladivostok, Russia

Kazakhstan/Cyprus Exchange Membership

Activity (volume ranking) KAZ

Ranked #1 2017

Activity (volume ranking) Moscow

           16 777 205 282     Ruble volume in November 2015

20 375 071 292    Ruble volume in July 2017


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Our Services

The experts at the Freedom Finance company have been engaged in investments in international financial markets for over 10 years. We offer you services in the investment industry. This is our lifetime project, and we know it inside out.
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*Brokerage services of exceptional quality and ability to trade on your own.

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*Asset management

*Smart technology in the asset trust management for those who want to discover new revenue opportunities.
Portfolios of dividend stocks, options strategies with limited risk, investing in gold or in the most technologically advanced companies in the world – just choose your investment strategy and entrust the work to the professionals. Balanced risk management and significant experience to ensure our clients' objectives achievement.

*The Freedom Finance Investment Company organizes access for qualified investors for trading of on the world's leading exchanges: NYSE (New York Stock Exchange), LSE (London Stock Exchange), European and Asian stock exchanges. The company's clients have access to more than 10 thousand various financial instruments - stocks of S&P500 and the world's leading companies, options, futures, corporate and government bonds, various investment funds (sector, index , margin, bond) and ETFs.




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Bid Ask Day's Range
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FRHC News: Statement of Changes in Beneficial Ownership (4) 12/11/2017 04:31:22 PM
FRHC News: Current Report Filing (8-k) 12/11/2017 04:23:37 PM
FRHC News: Statement of Changes in Beneficial Ownership (4) 11/14/2017 05:21:10 PM
FRHC News: Amended Statement of Beneficial Ownership (sc 13d/a) 11/14/2017 05:21:09 PM
FRHC News: Quarterly Report (10-q) 11/14/2017 05:19:51 PM
#3497  Sticky Note Freedom Finance hopes to raise $100 mln from Supervisor 11/29/17 04:49:59 PM
#3102  Sticky Note Latest from the TA One O'Clock Drop 11/09/17 02:58:32 PM
#2778  Sticky Note 1 of 3 interviews where translation confirmed: HMB2010 10/13/17 02:34:04 PM
#2715  Sticky Note My TdAmeritrade Account updated Profile of FRHC At diversified holdings 10/12/17 02:51:03 PM
#2155  Sticky Note to ALL interested: I have posted a lot HMB2010 09/03/17 09:11:54 AM
#3768   Loving your technicals Neb!!! HMB2010 12/15/17 03:08:24 PM
#3767   we shall see...not sure it is ready to The_Free_Nebula 12/15/17 01:48:35 PM
#3766   I doubt these 5s will last long. Quintessence 12/15/17 01:46:38 PM
#3765   The bid is higher than yesterday's even The_Free_Nebula 12/15/17 01:40:54 PM
#3764   hod 5.85 shanak10 12/15/17 01:39:44 PM
#3763   FRHC - over shot the 50 DMA ($4,73) The_Free_Nebula 12/15/17 12:27:29 PM
#3762   thanx - cycle up coming soon... The_Free_Nebula 12/15/17 11:29:35 AM
#3761   Yeah, nice pickup! Quintessence 12/15/17 11:11:40 AM
#3760   Someone got some cheap shares this morning. sublime740 12/15/17 10:52:09 AM
#3759   Makes sense. I appreciate your technical analysis! Quintessence 12/14/17 08:32:50 PM
#3758   It really is up to TT. The The_Free_Nebula 12/14/17 04:53:25 PM
#3757   and so thin, I have learned in the HMB2010 12/14/17 04:41:44 PM
#3756   Tech is what you do. I do people. heidibrown 12/14/17 04:18:22 PM
#3755   I sound like a broken record but technically The_Free_Nebula 12/14/17 04:13:14 PM
#3754   This is all good. Thin IS as thin heidibrown 12/14/17 04:08:59 PM
#3753   Seems like a very poor (no pun intended) sublime740 12/14/17 04:08:11 PM
#3752   that I don't have a clue but just HMB2010 12/14/17 04:04:52 PM
#3751   Somebody had enough with at least some of The_Free_Nebula 12/14/17 04:03:53 PM
#3750   I spoke too soon. Who sold today? sublime740 12/14/17 04:01:57 PM
#3749   FRHC - Looks like a friend was lost, The_Free_Nebula 12/14/17 03:03:22 PM
#3748   Definitely need a stateside spark to draw new blood... The_Free_Nebula 12/14/17 01:48:15 PM
#3747   Bless him, I remember when he started these HMB2010 12/14/17 01:47:27 PM
#3746 shanak10 12/14/17 01:15:15 PM
#3745   Correction... not really churn. A little profit sublime740 12/14/17 12:56:46 PM
#3744   Churn, churn, churn. BB’s getting tighter. sublime740 12/14/17 12:24:05 PM
#3743   I've lost count of the FFIN's but on HMB2010 12/14/17 12:05:19 PM
#3742   I am losing count, HMB. Is that 21? heidibrown 12/14/17 10:57:51 AM
#3741   That's 3 new branches, 3 ffin, and 1 HMB2010 12/14/17 07:54:22 AM
#3740 shanak10 12/14/17 07:16:51 AM
#3739   Everything in cycles...Here comes the downside of the The_Free_Nebula 12/13/17 04:43:56 PM
#3738   If it does, I'll be adding shares. Quintessence 12/13/17 04:41:00 PM
#3737   FRHC - firmly out of the power zone The_Free_Nebula 12/13/17 02:27:30 PM
#3736   Hahaaa he sad!! HMB2010 12/13/17 02:25:26 PM
#3735   Classic photobomb - the man frowning behind CEO Quintessence 12/13/17 11:54:12 AM
#3734   The completion of the last cycle in progress The_Free_Nebula 12/12/17 09:16:38 PM
#3733   My guess is when AEXG stops "patiently" collecting heidibrown 12/12/17 04:33:31 PM
#3732   He'll want to the PPS go up. Quintessence 12/12/17 03:56:34 PM
#3731   He's in Kazakhstan and on the board. I heidibrown 12/12/17 03:43:01 PM
#3729   Agreed about the time frame... But there is The_Free_Nebula 12/12/17 02:37:51 PM
#3728   They (BMBM) know very well where this is heidibrown 12/12/17 12:38:48 PM
#3727   He has been involved with bmbm since 2008, HMB2010 12/12/17 12:32:37 PM
#3726   We KNEW they knew each other. This is heidibrown 12/12/17 12:22:59 PM
#3725 shanak10 12/12/17 12:05:18 PM
#3724   BMBM! heidibrown 12/12/17 12:00:38 PM
#3723 heidibrown 12/12/17 11:59:54 AM
#3722   Does anyone know who this person is on heidibrown 12/12/17 11:58:57 AM
#3721   Needs a spark The_Free_Nebula 12/12/17 11:40:43 AM
#3720   MAXM off the $6.32 ask. Maybe we see diversified holdings 12/12/17 10:23:50 AM
#3719   Steady as she goes The_Free_Nebula 12/12/17 10:21:48 AM
#3718   If I remember correctly from the previous postings, crazytrader 12/12/17 03:00:11 AM