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I follow someone on X called the Long Investor. He is in Hong Kong and says Ali Pay is used more than anything. Visa and Mastercard are behind that. Digital wallets are the future. Actually, the present.
You need to save me some
Doesn't matter. It'll go up into the stratosphere one day. I am relishing these days. You need to know lows to recognize highs. It is coming.
If you follow Mehrak and click on his comments you can track all the people he knows and follows business wise. It's a treasure trove.
Man, we are two peas in a pod. I have been having the same existential crisis. Not selling other assets (because I don't control them) but I still have plenty of cash to deploy and I go through this every day...... I was trolling Linkedin and saw another two interesting things. It was a conversation in a comment a month ago between Mehrak and someone at Nuvei (Dan Palmquist) commented about looking forward to growing their business opportunities together. So Nuvei is still in it. They also seem to be trying to do something with a company called Bankful. The second was Virgil's explanation albeit briefly about how Finzeo bolsters what Apptech is doing. He says Apptech's key feature is swift digital onboarding and underwriting, boosting fraud protection . The Finzeo integration provides apptech with enhanced control over funds and approval processes. You don't always get these explanations unless you search. They are very tight lipped.
LinkedIn. Mehrak commented on a post and I followed the trail. Look up FIDI on LinkedIn.
They are also planning something with a company called FIDI.
Read this today.
With most investments you are going to look wrong before you are right, and it's why you need to do the work and trust your research.
Got it. Honestly, just because we don’t understand how it all works doesn’t mean it doesn’t. I think there is a lot going on in their universe it is going to coalesce soon.
Wow. Good intel. Were you impressed by the presentation or did you have questions ?
Something like that. 500 and 750 by January leaves over 2M. Like said they have development and licensing fees floating them now. I think they are fine. And Finzeo likely has income coming in. This is the turning point.
They raised $3.5M. $500 was due immediately for FInzeo, another portion is due in January ($750K I think) and the rest in April ($750K). So that leaves $1.5M
It has been a long year watching this since I started building my position. But what's another 6 months at this juncture to see if they have gotten where they need to go? Amazon's share price average under a dollar for a couple years (longer if you count the stock splits). Not that APCX is Amazon but these companies sometimes take time to execute and build their model.
I know. Nuvei is obviously operating but APPtech's whole thing has been that they have a better more seamless way. So I am sure Apptech thinks their product is better than the system being used. But I agree. I have no idea. It seems to me with all the different types of companies they are dealign with, that APCX has a better infrastructure architecture to run all these different types of businesses based on what they need. So they won't just be a text to pay company, or an ACH processor, or a MSP, or a Pay Fac, or a digital marketer. They are all those things for their clients depending on what they want. That is why it is so promising. It touches any business that gets paid. Which is everyone. They even have said they would be the back end for all the banks. IDK how much is hyperbole or fact. I have said previously Luke does love his adjectives which gets you excited. Now they just have to deliver. But they have been quiet which I think is good if it means they are focusing on execution.
I saw that. He is all over Linkedin. Luke did say when I talked to him Nuvei and Corix were going to be Apptech's back end but with Finzeo that the script could be flipped where they could be Nuvei's back end. That is not verbatim. I might have heard wrong. He did say Nuvei was still in the mix somehow.
This stock keeps this trajectory up I may have to make it an even 100k shares before year end.
Sorry, 14M shares. Earnings are $1.45 a share. 17% institutional owned. Vanguard and Geode also have positions in that company. Obviously it is telecom with a much smaller potential because of what they do. But Mehrak seems to be trolling Linkedin looking for synergies with other companies for Apptech's back end technology for all sorts of companies.
So I saw Mehrak comment on a LinkedIn post for a company called Surgepays. Different space but that company is interesting in that they made a profit of $10m I think this quarter? They have 1 shares and the stock price is around $5. The price to earnings ratio is 4 which is crazy for a profitable company. Just noticed. Interesting.
Nice!
I know. You would think. I guess engineers have specialties. He said it takes a while to get going but when it does it is like glue. He also said they have 50 back ends they are building and hope for another 70 by end of Q1. Why would you take more if you can't be done building out the 50. And each clients wants different things, hence the back end build out and not onboarding Commerse and putting your name on it. If it were me, and I need to get the share price higher to trigger cash with the warrants instead of raising it in private offerings, I would pick the biggest project and get it done for some income and not try to do it all at once and have the income stream delayed. But I am sure he has a plan. He knows he cant run out of $, and the shelf rule says the share price needs to be at a certain price to raise a certain amount of $ I think.
This cash is some RSUs I got when I left a prior company. Honestly it is the only investment I have ever made in a company with no real income or finished product at the time of investment but I liked the potential and scope of the potential market.
Idk. I’m not great with options. I just like owning shares. I actually don’t have much investments not managed for me. This is just something I play with.
One can only hope. I’d be happy with $200.
92,000 shares. No warrants.
We could do an informal count if everyone was willing to disclose.
See you
It is so easily manipulated. If the institutions didn't buy in the dark pool the price would be $20
Welcome
That is a bummer.
And Mxyzptlk, don, Michael, Hal……
We need Arnold, Dallas, and both Gary’s. Not sure who I am missing.
Yup eric.
Yeah. He also mentions 20m in revenue and 90 employeees but not sure if that is Finzeo or another company previous.
I did.
Love it gents!
Here we go.