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Hi all, just want to share our encounters with Edwin on his Bintan and Bali condotel investment scheme. A group of investors are left stranded when both condotel “promised guaranteed payment” have not been materialised and 1 of them stop development. We engage lawyer to fight the case, etc and only gotten partial of our investment. If any of you still vested in Edwin’s work, my personal advice is to stop all together.
Hi all, just want to share our encounters with Edwin on his Bintan and Bali condotel investment scheme. A group of investors are left stranded when both condotel “promised guaranteed payment” have not been materialised and 1 of them stop development. We engage lawyer to fight the case, etc and only gotten partial of our investment. If any of you still vested in Edwin’s work, my personal advice is to stop all together.
I’ll wear it with pride. I figured you got out before the dumping or after the first dump. Wish I knew about that one earlier from trips to silver, historic run.
Oh. I was just pointing out the fact that my prediction $GD*M was going to dump was completely accurate despite the ridicule and slander I received from that board. Having a giggle at that pm you sent me.
Edwin is a dubious businessman. This being said, his shares have made me a considerable sum, and I still hold some in the off chance this ever comes back to life.
"... Failure by the Seller to deliver the goods by December 29,2020 shall be deemed as breach of contract"
Edwin never delivered any coal on time. Also, if you look through the contract and see names, phone numbers and emails. Try calling or sending email. You will get unlisted numbers and failed email deliveries.
I have some $KPAY bought around the same price, just holding in case something happens. today we see some volume. Year high was 0.0175 . May be we can get some .002-.005 some day. I have tons of tickers in EM, can't do anything but holding and prayers.
Before the SECURITIES AND EXCHANGE COMMISSION SECURITIES EXCHANGE ACT OF 1934
Release No. 94063 / January 26, 2022
ADMINISTRATIVE PROCEEDING File No. 3-20717
In the Matter of KinerjaPay Corp., Respondent.
ORDER INSTITUTING ADMINISTRATIVE PROCEEDINGS AND NOTICE OF HEARING PURSUANT TO SECTION 12(j) OF THE SECURITIES EXCHANGE ACT OF 1934
I. The Securities and Exchange Commission (“Commission”) deems it necessary and appropriate for the protection of investors that public administrative proceedings be, and hereby are, instituted pursuant to Section 12(j) of the Securities Exchange Act of 1934 (“Exchange Act”) against the respondent named in the caption (“Respondent”).
II. After an investigation, the Division of Enforcement alleges that: A. RESPONDENT 1. KinerjaPay Corp. (“KPAY”) (CIK No. 1494162) is a good standing Delaware corporation located in Jakarta, Indonesia with a class of securities registered with the Commission pursuant to Exchange Act Section 12(g). KPAY is delinquent in its periodic filings with the Commission, having not filed any periodic reports since it filed a Form 10-K for the period ended December 31, 2019, which reported a net loss of $19,947,990 for the prior year. As of January 10, 2022, unsolicited quotations for the common stock of KPAY were quoted on OTC Link operated by OTC Markets Group, Inc. B. DELINQUENT PERIODIC FILINGS 2. As discussed in more detail above, the Respondent is delinquent in its periodic filings with the Commission, has repeatedly failed to meet its obligation to file timely periodic reports, and failed to heed a delinquency letter sent to it by the Division of Corporation Finance requesting compliance with its periodic filing obligations or, through its failure to maintain a 2 valid address on file with the Commission as required by Commission rules, did not receive such letter. 3. Exchange Act Section 13(a) and the rules promulgated thereunder require issuers of securities registered pursuant to Exchange Act Section 12 to file with the Commission current and accurate information in periodic reports, even if the registration is voluntary under Section 12(g). Specifically, Rule 13a-1 requires issuers to file annual reports, and Rule 13a-13 requires domestic issuers to file quarterly reports. 4. As a result of the foregoing, the Respondent failed to comply with Exchange Act Section 13(a) and Rules 13a-1 and 13a-13 thereunder.
III. In view of the allegations made by the Division of Enforcement, the Commission deems it necessary and appropriate for the protection of investors that public administrative proceedings be instituted to determine: A. Whether the allegations contained in Section II hereof are true and, in connection therewith, to afford the Respondent an opportunity to establish any defenses to such allegations; and, B. Whether it is necessary and appropriate for the protection of investors to suspend for a period not exceeding twelve months, or to revoke the registration of each class of securities registered pursuant to Section 12 of the Exchange Act of the Respondent identified in Section II hereof, and any successor under Exchange Act Rules 12b-2 or 12g-3, and any new corporate names of the Respondent.
IV. IT IS ORDERED that a public hearing before the Commission for the purpose of taking evidence on the questions set forth in Section III hereof shall be convened at a time and place to be fixed by further order of the Commission, pursuant to Rule 110 of the Commission’s Rules of Practice, 17 C.F.R. § 201.110. IT IS FURTHER ORDERED that Respondent shall file an Answer to the allegations contained in this Order within ten (10) days after service of this Order, as provided by Rule 220(b) of the Commission’s Rules of Practice, 17 C.F.R. § 201.220(b). IT IS FURTHER ORDERED that the Division of Enforcement and Respondent shall conduct a prehearing conference pursuant to Rule 221 of the Commission’s Rules of Practice, 17 C.F.R. § 201.221, within fourteen (14) days of service of the Answer. The parties may meet in person or participate by telephone or other remote means; following the conference, they shall file a statement with the Office of the Secretary advising the Commission of any agreements reached at said conference. If a prehearing conference was not held, a statement shall be filed
with the Office of the Secretary advising the Commission of that fact and of the efforts made to meet and confer. If Respondent fails to file the directed Answer, or fails to appear at a hearing or conference after being duly notified, the Respondents, and any successor under Exchange Act Rules 12b-2 or 12g-3, and any new corporate names of the Respondent, may be deemed in default and the proceedings may be determined against them upon consideration of this Order, the allegations of which may be deemed to be true as provided by Rules 155(a), 220(f), 221(f), and 310 of the Commission’s Rules of Practice, 17 C.F.R. §§ 201.155(a), 201.220(f), 201.221(f), and 201.310. This Order shall be served forthwith upon the Respondent by any means permitted by the Commission’s Rules of Practice. The Commission finds that it would serve the interests of justice and not result in prejudice to any party to provide, pursuant to Rule 100(c) of the Commission’s Rules of Practice, 17 C.F.R. § 201.100(c), that notwithstanding any contrary reference in the Rules of Practice to service of paper copies, service to the Division of Enforcement of all opinions, orders, and decisions described in Rule 141, 17 C.F.R. § 201.141, and all papers described in Rule 150(a), 17 C.F.R. § 201.150(a), in these proceedings shall be by email to the attorneys who enter an appearance on behalf of the Division, and not by paper service. Attention is called to Rule 151(a), (b) and (c) of the Commission’s Rules of Practice, 17 C.F.R. § 201.151(a), (b) and (c), providing that when, as here, a proceeding is set before the Commission, all papers (including those listed in the following paragraph) shall be filed electronically in administrative proceedings using the Commission’s Electronic Filings in Administrative Proceedings (eFAP) system accessed through the Commission’s website, www.sec.gov, at www.sec.gov/eFAP. Respondent also must serve and accept service of documents electronically. All motions, objections, or applications will be decided by the Commission. Any exhibits should be sent as separate attachments, not a combined PDF. The Commission finds that it would serve the interests of justice and not result in prejudice to any party to provide, pursuant to Rule 100(c) of the Commission’s Rules of Practice, 17 C.F.R. § 201.100(c), that notwithstanding any contrary reference in the Rules of Practice to filing with or disposition by a hearing officer, all filings, including those under Rules 210, 221, 222, 230, 231, 232, 233, and 250 of the Commission’s Rules of Practice, 17 C.F.R. §§ 201.210, 221, 222, 230, 231, 232, 233, and 250, shall be directed to and, as appropriate, decided by the Commission. This proceeding shall be deemed to be one under the 30-day timeframe specified in Rule of Practice 360(a)(2)(i), 17 C.F.R. § 201.360(a)(2)(i), for the purposes of applying Rules of Practice 233 and 250, 17 C.F.R. §§ 201.233 and 250. The Commission finds that it would serve the interests of justice and not result in prejudice to any party to provide, pursuant to Rule 100(c) of the Commission’s Rules of Practice, 17 C.F.R. § 201.100(c), that the Commission shall issue a decision on the basis of the record in this proceeding, which shall consist of the items listed at Rule 350(a) of the Commission’s Rules of Practice, 17 C.F.R. § 201.350(a), and any other document or item filed with the Office of the 4 Secretary and accepted into the record by the Commission. The provisions of Rule 351 of the Commission’s Rules of Practice, 17 C.F.R. § 201.351, relating to preparation and certification of a record index by the Office of the Secretary or the hearing officer are not applicable to this proceeding.
The Commission will issue a final order resolving the proceeding after one of the following: (A) the completion of post-hearing briefing in a proceeding where the public hearing has been completed; (B) the completion of briefing on a motion for a ruling on the pleadings or a motion for summary disposition pursuant to Rule 250 of the Commission’s Rules of Practice, 17 C.F.R. § 201.250, where the Commission has determined that no public hearing is necessary; or (C) the determination that a party is deemed to be in default under Rule 155 of the Commission’s Rules of Practice, 17 C.F.R. § 201.155, and no public hearing is necessary.
In the absence of an appropriate waiver, no officer or employee of the Commission engaged in the performance of investigative or prosecuting functions in this or any factually related proceeding will be permitted to participate or advise in the decision of this matter, except as witness or counsel in proceedings held pursuant to notice.
Since this proceeding is not “rule making” within the meaning of Section 551 of the Administrative Procedure Act, it is not deemed subject to the provisions of Section 553 delaying the effective date of any final Commission action.
For the Commission, by the Division of Enforcement, pursuant to delegated authority.
Home Depot or Lowes (I forget which) has their own ship which they send to foreign countries to pick up their needed inventory.
What makes you think China does not have any ships?
If they want coal from KPAY, they will get coal from KPAY. If they don't want it, no problem. Just like Australia, KPAY will find other buyers for their coal.
KPAY busy selling coal? Australia had no problem finding buyers for their coal after China stopped buying it. Heee heee HEEE. China could be sending their own ships to Indonesia to pick up KPAY coal. One never knows, does one? $$$$$ $KPAY
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