FTFT - Thanks Renee, I´ve to check all that nos as I don´t have that inside of all the regulations and articles. Looks more worse than good for me. Some rebuys started today. But still 1.50 . Any guess here?
FTFT: The Securities and Exchange Commission (“Commission”) deems it appropriate that cease- and-desist proceedings be, and hereby are, instituted pursuant to Section 8A of the Securities Act of 1933 (“Securities Act”) and Section 21C of the Securities Exchange Act of 1934 (“Exchange Act”) against Future FinTech Group Inc. (“FTFT” or “Respondent”)
thanks your exposure but what tells you the chart ???
And what about any time table for a rebound?
Would you please answer to that questions as I´m holding this for 2 years now.
Regulatory change management is the process of identifying, interpreting, and implementing changes in the regulatory atmosphere of existing risk and compliance management, underlying programs, and ultimately, under the organization. It helps to conduct the day-to-day operations. In financial industries, which include banks, insurance firms, health care organizations, aviation, etc.,
The impact on regulatory obligations can change the entire shape of any organization and its all aspects, from the existing clients’ needs to the services they are expecting for the future.
It discloses information about how you market to them, utilize their data and execute their requests.
The rapid change in globalization and fast-emerging technology has brought the need for Regulatory change management software to automatically manage all this vast data and keep organizations up to date with the Regulatory changes to the Regulatory bodies.
Next crypto run here. FTFT leading the pack. It's a loaded spring taking off with at least a 600% move from here around $1.50. This crypto move should get us back to Feb 2021 levels and higher for bitcoin to all tiime highs.
Inflection point was just under $1.00 It's sprung up to $1.50 and $3.00 will come quick in the new year.
RIOT probably 2nd best performer, but if CCTL on OTCM gets current and looses it's CE now that's like possibly a thousands % upside.
The next few months will be exciting for crypto blockchain stocks. Dont get left behind.
FTFT launching financial App in UK.
This is big news of last month. Late November 2021.
Last post was latest news of FTFT in joint deal to build 50MW crypto mining facility in Ohio.
It just bounced off $1.00 And is solid Nasdaq stock.
It has come down from $10 in February 2021.
This looks like a big play with massive upside.
Hot News: FTFT in joint deal build 50Mw crypto mining facility in Ohio.
With future expansion to 300Mw facility
Deal hot off the press 17 December 2021.
This is it, work back towards $10 plus again.
End year short squeeze is here Monday.
Crypto stocks now pegged with tech sector Nasdaq.
They predict a massive surge into 2022 through December and January.
I read an article recently saying Nasdaq could be up another 67% within the next 18 months.
Ftft after being dragged down by threat of us delisting Chinese stocks is years away and thus it will not happen.
Biggest upside here now with a 700 to 800% gain to get back to Feb 2021 level.
Let's go Santa rally!
Look at that 6-month chart. How much worse can it get here? That is beyond depressing..... I guess acquiring some Internet Technology, a Money Exchange, and doing financial services in Europe means nothing.... still looks like a big short interest here.
On September 1, 2021, FTFT UK Limited, a company organized under the laws of United Kingdom and a wholly owned subsidiary of Future FinTech Group Inc. (the “Company”) entered into a Share Purchase Agreement (the “Agreement”) with Rahim Shah, a resident of United Kingdom (“Seller”).
Future FinTech Signs Term Sheet to Acquire Supply Chain Software Business
Source: PR Newswire (US)
NEW YORK, Sept. 3, 2021 /PRNewswire/ -- Future FinTech Group Inc. (NASDAQ: FTFT) ("hereinafter referred to as "Future FinTech", "FTFT" or "the Company"), a leading blockchain-based e-commerce business and a fintech service provider, announced today that on August 30, 2021, the Company signed an equity acquisition term sheet (the "Term Sheet") to acquire 51% of the equity of Shanghai Dianfa Internet Technology Co., Ltd. ("Dianfa Technology"). The Term Sheet represents terms for a proposed transaction subject to definitive documentation and is non-binding except for its 'Exclusive Period' and 'Confidentiality'; and 'Governing Law' sections.
According to the Term Sheet, the Company plans to acquire 51% of the equity of Dianfa Technology at a purchase price of RMB 17,850,000 (approximately US$ 2,762,730) of which RMB 6,000,000 (approximately US$ 928,650) will be paid in cash as a capital investment in Dianfa Technology and RMB 11,850,000 (approximately US$ 1,834,080) will be paid in shares of FTFT common stock to the selling shareholders of Dianfa Technology. The acquisition will be subject to legal and financial due diligence on the part of the Company.
Through this acquisition, FTFT plans to enter the key supply chain finance business of small and medium sized enterprises ("SMEs") and the microfinance sector since these entities are often not able to access bank loans as larger businesses can in China. As this represents a vast number of enterprises that have ongoing capital needs, the Company plans upon developing a financial ecosystem to include financial and lending institutions, merchants, retail businesses and other supply side services, embedded with financial technology and communications, to create a highly evolved and efficient platform to optimize capital flows for SMEs and microfinance companies.
Dianfa Technology provides digital management services and high-frequency small loan assistance services to micro, small and medium-sized businesses and their suppliers based on its innovative smart retail SaaS supply chain system. Dianfa Technology uses financial technology capabilities such as mobile Internet, big data, artificial intelligence, cloud computing and blockchain analytics to help financial institutions provide low interest collateral-free revolving credit products and services to micro and small merchants across the entire retail industry business chain to meet their funding needs. These capital needs are often of a 'short, small, frequent and urgent' variety and are essential in terms of supporting the operating needs of microbusinesses and small merchants.
Shanchun Huang, CEO of Future FinTech, commented, "We estimate that there are millions of microbusinesses in China which represents a tremendous opportunity for digital management, lending and payment processing companies such as Dianfa Technology. Further, we anticipate that this potential acquisition will enhance our competitive advantages as well as create important synergies with our existing capabilities in supply chain finance."
"In addition, we believe that FTFT's strong blockchain development capabilities and rich application experience will enable us to evolve Dianfa Technology's current smart retail SaaS supply chain system to a next business model architecture. With our increasing geographical reach, we foresee the potential to realize decentralized high-frequency small transactions for small and medium sized businesses across the globe," continued CEO Huang.
"Our goal is to become a leading financial technology company and provide an array of individual and business customers with digital inclusive financial services and in doing so, to maximize returns to our shareholders," concluded CEO Huang.
About Future FinTech Group Inc.
Future FinTech Group Inc. ("Future FinTech", "FTFT" or the "Company") is a leading blockchain e-commerce company and a service provider for financial technology incorporated in Florida. The Company's operations include a blockchain-based online shopping mall platform, Chain Cloud Mall ("CCM"), a cross-border e-commerce platform (NONOGIRL), an incubator for blockchain based application projects and financial services for the supply chain industry. The Company is also engaged in the development of blockchain based e-Commerce technology as well as financial technology. For more information, please visit http://ftft.com/.
Safe Harbor Statement
Certain of the statements made in this press release are "forward-looking statements" within the meaning and protections of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended, or the Exchange Act. Forward-looking statements include statements with respect to our beliefs, plans, objectives, goals, expectations, anticipations, assumptions, estimates, intentions, and future performance, and involve known and unknown risks, uncertainties and other factors, which may be beyond our control, and which may cause the actual results, performance, capital, ownership or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. All statements other than statements of historical fact are statements that could be forward-looking statements. You can identify these forward-looking statements through our use of words such as "may," "will," "anticipate," "assume," "should," "indicate," "would," "believe," "contemplate," "expect," "estimate," "continue," "plan," "point to," "project," "could," "intend," "target" and other similar words and expressions of the future.
All written or oral forward-looking statements attributable to us are expressly qualified in their entirety by this cautionary notice, including, without limitation, those risks and uncertainties described in our annual report on Form 10-K for the year ended December 31, 2020 and our other reports and filings with SEC. Such reports are available upon request from the Company, or from the Securities and Exchange Commission, including through the SEC's Internet website at http://www.sec.gov. We have no obligation and do not undertake to update, revise or correct any of the forward-looking statements after the date hereof, or after the respective dates on which any such statements otherwise are made.
Cision View original content:https://www.prnewswire.com/news-releases/future-fintech-signs-term-sheet-to-acquire-supply-chain-software-business-301368845.html
SOURCE Future FinTech Group Inc.
Copyright 2021 PR Newswire
Jake- is this till a MAJOR BUY ALERT like you said it was yesterday?
Shouldn't this bode well for us?
Future FinTech Announces the Closing of the Acquisition of Sichuan Ticode Supply Chain Management Co., Ltd.
7:31 am ET April 19, 2021 (Benzinga) Print
Future FinTech Group Inc. (NASDAQ:FTFT) ("hereinafter referred to as Future FinTech", "FTFT" or "the Company"), a leading blockchain e-commerce company and a service provider for financial technology, today announced that on April 16, 2021, the Company closed its acquisition of a 60% equity interest in Sichuan Ticode Supply Chain Management Co., Ltd. ("Ticode") from Sichuan Longma Electronic Technology Co., Ltd. ("Longma"). As previously announced in the Company's press release on March 1, 2021, the Company and its wholly-owned subsidiary, Future Supply Chain Co., Ltd., entered into a definitive share exchange agreement (the "Agreement") with Longma and Ticode to acquire a 60% equity interest in Ticode from Longma.
The 60% equity interest in Ticode was valued at approximately $66.45 million and was paid in 7,789,882 shares of FTFT common stock priced at $8.53 per share. The Agreement also stipulates that an additional 5% of equity interest in Ticode shall be transferred to the Company at no cost should Ticode not achieve Earnings Before Interest and Taxes ("EBIT") of at least RMB 50.0 million (approximately $7.69 million) for the fiscal year ended December 31, 2021, and an additional 5% equity interest in Ticode shall be transferred to the Company at no cost should Ticode not achieve EBIT of at least RMB 57.5 million (approximately $8.85 million) for the fiscal year ended December 31, 2022.
© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
How bad will earnings be?
offer 6.1 close tomorrow
Aaaand, now that the stock was rising, they announce an ATM offering. Timberrrr. That news will probably drag this back under $6 today. Just can't catch a break....
Future Fintech Group Inc. Announces $35 Million Registered Direct Offering Priced At-the-market Under Nasdaq Rules
11:06 am ET April 1, 2021 (PR Newswire) Print
Future FinTech Group Inc. (NASDAQ: FTFT) ("Future FinTech", "FTFT" or "the Company"), a leading blockchain based e-commerce company and a service provider for financial technology, today announced that it has entered into a definitive agreement with institutional investors for the purchase and sale of 5,737,706 shares of its common stock at a price of $6.10 per share for gross proceeds of approximately $35 million in a registered direct offering priced at-the-market under Nasdaq rules. The closing of the offering is expected to occur on or about April 6, 2021, subject to the satisfaction of customary closing conditions.
A.G.P./Alliance Global Partners is acting as the sole placement agent for the offering.
The Company intends to use the net proceeds from this offering for growth capital and general working capital purposes.
This offering is being made pursuant to an effective shelf registration statement on Form S-3 (File No. 333-224686) previously filed with the U.S. Securities and Exchange Commission (the "SEC") and declared effective on December 11, 2020. A prospectus supplement describing the terms of the proposed offering will be filed with the SEC and will be available on the SEC's website located at http://www.sec.gov. Electronic copies of the prospectus supplement may be obtained, when available, from A.G.P./Alliance Global Partners, 590 Madison Avenue, 28th Floor, New York, NY 10022, or by telephone at (212) 624-2060, or by email at firstname.lastname@example.org.
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.