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Yes. I believe we're pretty close, too. I'm thinking in the next couple of weeks we'll receive something.
I would as well, but the point was to show short interest as of that date.
The point was to emphasize short interest as of February 13, 2019, but we already knew that, didn't we?
I never claimed that GIFX was worth billions, so there's nothing for me to prove. Stop back peddling.
PROVE THIS!
No dice. Don't try to back peddle. This was the comment that was made, so prove it.
I didn't make the claim, so the burden of proof is yours. Sorry.
NOT BAD!
https://ztribune.com/2019/02/13/gifa-inc-otcmktsgifx-shorts-decreased-by-72-16-as-of-feb-13-2019/
I guess Euro/UK investors don't see GIFX as a scam, now do they?
Call them yourself. You have fingers.
I'm glad nobody's asking.
According to IAAPA's 2013 Family Entertainment Centers (FECs) State of the Industry survey: (295 respondents from around the world.) Average Size: Indoor square footage - 24,636 square feet; Outdoor acreage - 12.9 acres; Average combination indoor-outdoor facilities - 22,684 square feet indoors and 8.1 acres outdoors.
https://www.google.com/search?source=hp&ei=hplwXPf3ArKm_Qbwm5LICA&q=average+size+of+amusement+parks&oq=average+sixe+of+amusement+parks&gs_l=psy-ab.1.0.0i13.1090.5647..8019...0.0..1.639.6498.5j13j4j2j0j4......0....1..gws-wiz.....0..0j0i131j0i22i10i30j0i22i30.CshvBjrifTM
Gifaland... 100,000 square meters or 24 acres... THAT'S SIGNIFICANTLY LARGER THAN THE AVERAGE AMUSEMENT PARK.
$GIFX
I already said twice that I called them. Selective memory?
Prove me wrong for the fourth time.
GIFALAND, GIFA CASINO, AND GIFA AIRWAYS <-------- These do exist as any major real estate development and completed project does.
They exist in the planning, permitting, government licensing, proposal and required commission proposal approval(s) phase, before any construction can legally begin. GIFA Airways, as part of GIFA Tourism, is already a functioning business unit, with plans and submitted proposals to grow the operational airline portion - including proposals to re-open the former north island main airport based in Nicosia.
GIFALAND
"Finally with the consent of the TRNC government, owner of GIFA, Inc., Yusuf Kisa announces that his theme park project is ready to be put into action. GIFALAND will be 100,000 square meters large and located in the country’s capital of Lefkosia, close to Ercan airport."
IT EXISTS!!!
http://www.yenibakisgazetesi.com/gifaland-the-first-theme-park-to-open-in-the-trnc/27953/
GIFA CASINO
"We’re told the project will be a masterpiece, located in the Alsancak area of Kyrenia – a hotspot for tourists. With plans already under way, the grand opening is expected to be as soon as the end of the year."
IT EXISTS!!!
http://www.yenibakisgazetesi.com/cashing-in-yusuf-kisa-to-build-leading-hotel-and-casino-in-the-trnc/30819/
GIFA AIRWAYS
"Gifa Airways are available within the total of 60 aircrafts." <-------- HAHAHAAAAAA! THEY EXIST!!!
http://www.gifaairways.com/our-fleet.html
Finally, these are active "subsidiaries" of Gifa Inc, which is a conglomerate. A conglomerate being a number of different things or parts that are put or grouped together to form a whole but remain distinct entities. That includes developments in process since they've already been bought, paid for, licensed, and approved!
That includes.... Airplanes! <----SIXTY OF THEM... GET THAT! SIXTY!
GIFALAND, GIFA CASINO, AND GIFA AIRWAYS <-------- These do exist as any major real estate development and completed project does.
They exist in the planning, permitting, government licensing, proposal and required commission proposal approval(s) phase, before any construction can legally begin. GIFA Airways, as part of GIFA Tourism, is already a functioning business unit, with plans and submitted proposals to grow the operational airline portion - including proposals to re-open the former north island main airport based in Nicosia.
GIFALAND
"Finally with the consent of the TRNC government, owner of GIFA, Inc., Yusuf Kisa announces that his theme park project is ready to be put into action. GIFALAND will be 100,000 square meters large and located in the country’s capital of Lefkosia, close to Ercan airport."
IT EXISTS!!!
http://www.yenibakisgazetesi.com/gifaland-the-first-theme-park-to-open-in-the-trnc/27953/
GIFA CASINO
"We’re told the project will be a masterpiece, located in the Alsancak area of Kyrenia – a hotspot for tourists. With plans already under way, the grand opening is expected to be as soon as the end of the year."
IT EXISTS!!!
http://www.yenibakisgazetesi.com/cashing-in-yusuf-kisa-to-build-leading-hotel-and-casino-in-the-trnc/30819/
GIFA AIRWAYS
"Gifa Airways are available within the total of 60 aircrafts." <-------- HAHAHAAAAAA! THEY EXIST!!!
http://www.gifaairways.com/our-fleet.html
Finally, these are active "subsidiaries" of Gifa Inc, which is a conglomerate. A conglomerate being a number of different things or parts that are put or grouped together to form a whole but remain distinct entities. That includes developments in process since they've already been bought, paid for, licensed, and approved!
That includes.... Airplanes! <----SIXTY OF THEM... GET THAT! SIXTY!
GIFX has completed a reverse-merger corporate action to become GIFA Inc, a conglomerate finance and services company primarily based in the Turkish Republic Of Northern Cyprus (TRNC), and also maintains a San Diego, CA secondary corporate location. This major corporate action was completed on February 4, 2019.
GIFA Inc Corporate Website: https://gifaholding.com/
GIFX : GIFA INC Share Structure
(Transfer Agent Verified as of February 15, 2019)
Pacific Stock Transfer
http://pacificstocktransfer.com/
1 (800) 785-7782
Mon-Fri 8am-7:30pm EST
Shares Authorized: 500,000,000
Shares Outstanding: 160,931,844
Restricted: 113,377,780
Float: 47,554,064
https://www.otcmarkets.com/stock/GIFX/security
“We are very pleased with the corporate development of GIFA during the past one year. With the edgarization of its financials, FINRA’s approval of the name change and now ticker symbol change, we are well on our way. No action is required to be taken by current shareholders in connection with the change, and no change has been made to GIFA’s share capital. There is no change in its CUSIP number.” said CEO Ilksen Yesilada.
https://globenewswire.com/news-release/2018/10/26/1627611/0/en/GIFA-Obtains-New-Stock-Trading-Symbol.html
GIFA OFFICIAL PRESS RELEASES
SAN DIEGO, Calif., Feb. 04, 2019 GIFA, Inc. Announces Acquisition of GIFA Holding Limited, the Divestiture of Firefish Private Networks Limited and More Recently, the Acquisition of Grandex Finance Limited
"We previously filed our 2016 Annual Report on Form 10-K and certain Quarterly Reports on Form 10-Q. As circumstances allow, we anticipate that we may be filing additional Reports for the 2017 and 2018 calendar periods in the near future."
https://globenewswire.com/news-release/2019/02/04/1709871/0/en/GIFA-Inc-Announces-Acquisition-of-GIFA-Holding-Limited-the-Divestiture-of-Firefish-Private-Networks-Limited-and-More-Recently-the-Acquisition-of-Grandex-Finance-Limited.html?culture=en-us
SAN DIEGO, Oct. 25, 2018 "("GIFA," the “Company,” “we,” and “our”) is pleased to announce that effective at the opening today, our trading symbol on the US OTC has changed from FRFS to GIFX."
“We are very pleased with the corporate development of GIFA during the past one year. With the edgarization of its financials, FINRA’s approval of the name change and now ticker symbol change, we are well on our way. No action is required to be taken by current shareholders in connection with the change, and no change has been made to GIFA’s share capital. There is no change in its CUSIP number.” said CEO Ilksen Yesilada.
https://globenewswire.com/news-release/2018/10/26/1627611/0/en/GIFA-Obtains-New-Stock-Trading-Symbol.html
SAN DIEGO, Sept. 26, 2018 "As a result and effective with the opening of the market on September 25, 2018, the Company's common shares traded under the name GIFA, Inc. with the symbol “FRFS.” The Company anticipates that it will also obtain a new trading symbol in the very near future."
William Aul, company attorney, on the PR lists himself as “company contact” with phone and email address given.
https://globenewswire.com/news-release/2018/09/26/1576869/0/en/GIFA-Inc-Announces-Approval-of-Name-Change.html
GIFA Inc. – Reverse Merger (Timeline)
Trading Symbol: GIFX
9/26/2017: There was a corporate charter amendment filed with the Nevada Secretary Of State, to change the name of public company "Firefish" (stock symbol FRFS) to "GIFA Inc". At that time, there were also changes made to the corporate charter to name new corporate officers of the company, to change the corporate address listed with the NV secretary, and also reduce the authorized shares (A/S) from 1 billion shares to 500 million shares. Ralph Amato, CEO of (FRFS) resigned and returned his stock as treasury stock. Shetty resigned prior to this date.
https://www.nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=cAHa2MMHoiEWSHdY730%252bAg%253d%253d&nt7=0
10/17/2017: the Company amended its Articles of Incorporation to change the Company's name from Firefish, Inc. to GIFA, Inc. (the "Amendment"). The Amendment also reduced the Company's authorized Common Stock to 500,000,000 and it authorized an aggregate of 10,000,000 shares of the Company's Preferred Stock.
https://www.sec.gov/Archives/edgar/data/1445883/000109690618000420/gifa.htm
6/13/2018: SEC EDGAR 1st, 2nd, & 3rd 10Q filed covering past due FRFS operations
7/27/2018: SEC EDGAR 4th, 5th, & 6th 10Q filed as well as 1st 10K audited covering past due operations to end of year 2016
https://www.otcmarkets.com/stock/GIFX/disclosure
9/24/2018: FINRA approves company name change to GIFA Inc, and grants new CUSIP Number meaning “Firefish” no longer exists
https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
9/26/2018: William Aul issues GIFA FIRST EVER English language and official company press release using Global Newswire service, announcing the FINRA name change. William Aul, company attorney, on the PR lists himself as “company contact” with phone and email address given
https://globenewswire.com/news-release/2018/09/26/1576869/0/en/GIFA-Inc-Announces-Approval-of-Name-Change.html
10/22/2018: FINRA approves/grants new trading symbol GIFX
https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
10/25/2018: William Aul issues second ever English language official GIFX PR.
“We are very pleased with the corporate development of GIFA during the past one year. With the edgarization of its financials, FINRA’s approval of the name change and now ticker symbol change, we are well on our way. No action is required to be taken by current shareholders in connection with the change, and no change has been made to GIFA’s share capital. There is no change in its CUSIP number.” said CEO Ilksen Yesilada.
https://globenewswire.com/news-release/2018/10/26/1627611/0/en/GIFA-Obtains-New-Stock-Trading-Symbol.html
https://www.sec.gov/cgi-bin/browse-edgar?company=gifa&owner=exclude&action=getcompany
12/1/2018: Gifainc.com domain renewed once again in Turkey/Cyprus, and paid in full until December 2019
https://whois.icann.org/en/lookup?name=gifainc.com
2/4/2019: GIFA, Inc. Announces Acquisition of GIFA Holding Limited, the Divestiture of Firefish Private Networks Limited and More Recently, the Acquisition of Grandex Finance Limited
https://globenewswire.com/news-release/2019/02/04/1709871/0/en/GIFA-Inc-Announces-Acquisition-of-GIFA-Holding-Limited-the-Divestiture-of-Firefish-Private-Networks-Limited-and-More-Recently-the-Acquisition-of-Grandex-Finance-Limited.html?culture=en-us
That's simple enough to answer. The fake Gifaland, the fake Gifa Casino, and the fake Gifa Airline are located on the fake island of Cyprus surrounded by the fake Mediterranean Sea on the fake planet Earth in the fake universe.
GIFX has completed a reverse-merger corporate action to become GIFA Inc, a conglomerate finance and services company primarily based in the Turkish Republic Of Northern Cyprus (TRNC), and also maintains a San Diego, CA secondary corporate location. This major corporate action was completed on February 4, 2019.
GIFA Inc Corporate Website: https://gifaholding.com/
GIFX : GIFA INC Share Structure
(Transfer Agent Verified as of February 15, 2019)
Pacific Stock Transfer
http://pacificstocktransfer.com/
1 (800) 785-7782
Mon-Fri 8am-7:30pm EST
Shares Authorized: 500,000,000
Shares Outstanding: 160,931,844
Restricted: 113,377,780
Float: 47,554,064
https://www.otcmarkets.com/stock/GIFX/security
“We are very pleased with the corporate development of GIFA during the past one year. With the edgarization of its financials, FINRA’s approval of the name change and now ticker symbol change, we are well on our way. No action is required to be taken by current shareholders in connection with the change, and no change has been made to GIFA’s share capital. There is no change in its CUSIP number.” said CEO Ilksen Yesilada.
https://globenewswire.com/news-release/2018/10/26/1627611/0/en/GIFA-Obtains-New-Stock-Trading-Symbol.html
GIFA OFFICIAL PRESS RELEASES
SAN DIEGO, Calif., Feb. 04, 2019 GIFA, Inc. Announces Acquisition of GIFA Holding Limited, the Divestiture of Firefish Private Networks Limited and More Recently, the Acquisition of Grandex Finance Limited
"We previously filed our 2016 Annual Report on Form 10-K and certain Quarterly Reports on Form 10-Q. As circumstances allow, we anticipate that we may be filing additional Reports for the 2017 and 2018 calendar periods in the near future."
https://globenewswire.com/news-release/2019/02/04/1709871/0/en/GIFA-Inc-Announces-Acquisition-of-GIFA-Holding-Limited-the-Divestiture-of-Firefish-Private-Networks-Limited-and-More-Recently-the-Acquisition-of-Grandex-Finance-Limited.html?culture=en-us
SAN DIEGO, Oct. 25, 2018 "("GIFA," the “Company,” “we,” and “our”) is pleased to announce that effective at the opening today, our trading symbol on the US OTC has changed from FRFS to GIFX."
“We are very pleased with the corporate development of GIFA during the past one year. With the edgarization of its financials, FINRA’s approval of the name change and now ticker symbol change, we are well on our way. No action is required to be taken by current shareholders in connection with the change, and no change has been made to GIFA’s share capital. There is no change in its CUSIP number.” said CEO Ilksen Yesilada.
https://globenewswire.com/news-release/2018/10/26/1627611/0/en/GIFA-Obtains-New-Stock-Trading-Symbol.html
SAN DIEGO, Sept. 26, 2018 "As a result and effective with the opening of the market on September 25, 2018, the Company's common shares traded under the name GIFA, Inc. with the symbol “FRFS.” The Company anticipates that it will also obtain a new trading symbol in the very near future."
William Aul, company attorney, on the PR lists himself as “company contact” with phone and email address given.
https://globenewswire.com/news-release/2018/09/26/1576869/0/en/GIFA-Inc-Announces-Approval-of-Name-Change.html
GIFA Inc. – Reverse Merger (Timeline)
Trading Symbol: GIFX
9/26/2017: There was a corporate charter amendment filed with the Nevada Secretary Of State, to change the name of public company "Firefish" (stock symbol FRFS) to "GIFA Inc". At that time, there were also changes made to the corporate charter to name new corporate officers of the company, to change the corporate address listed with the NV secretary, and also reduce the authorized shares (A/S) from 1 billion shares to 500 million shares. Ralph Amato, CEO of (FRFS) resigned and returned his stock as treasury stock. Shetty resigned prior to this date.
https://www.nvsos.gov/sosentitysearch/CorpDetails.aspx?lx8nvq=cAHa2MMHoiEWSHdY730%252bAg%253d%253d&nt7=0
10/17/2017: the Company amended its Articles of Incorporation to change the Company's name from Firefish, Inc. to GIFA, Inc. (the "Amendment"). The Amendment also reduced the Company's authorized Common Stock to 500,000,000 and it authorized an aggregate of 10,000,000 shares of the Company's Preferred Stock.
https://www.sec.gov/Archives/edgar/data/1445883/000109690618000420/gifa.htm
6/13/2018: SEC EDGAR 1st, 2nd, & 3rd 10Q filed covering past due FRFS operations
7/27/2018: SEC EDGAR 4th, 5th, & 6th 10Q filed as well as 1st 10K audited covering past due operations to end of year 2016
https://www.otcmarkets.com/stock/GIFX/disclosure
9/24/2018: FINRA approves company name change to GIFA Inc, and grants new CUSIP Number meaning “Firefish” no longer exists
https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
9/26/2018: William Aul issues GIFA FIRST EVER English language and official company press release using Global Newswire service, announcing the FINRA name change. William Aul, company attorney, on the PR lists himself as “company contact” with phone and email address given
https://globenewswire.com/news-release/2018/09/26/1576869/0/en/GIFA-Inc-Announces-Approval-of-Name-Change.html
10/22/2018: FINRA approves/grants new trading symbol GIFX
https://otce.finra.org/otce/dailyList?viewType=Symbol%2FName%20Changes
10/25/2018: William Aul issues second ever English language official GIFX PR.
“We are very pleased with the corporate development of GIFA during the past one year. With the edgarization of its financials, FINRA’s approval of the name change and now ticker symbol change, we are well on our way. No action is required to be taken by current shareholders in connection with the change, and no change has been made to GIFA’s share capital. There is no change in its CUSIP number.” said CEO Ilksen Yesilada.
https://globenewswire.com/news-release/2018/10/26/1627611/0/en/GIFA-Obtains-New-Stock-Trading-Symbol.html
https://www.sec.gov/cgi-bin/browse-edgar?company=gifa&owner=exclude&action=getcompany
12/1/2018: Gifainc.com domain renewed once again in Turkey/Cyprus, and paid in full until December 2019
https://whois.icann.org/en/lookup?name=gifainc.com
2/4/2019: GIFA, Inc. Announces Acquisition of GIFA Holding Limited, the Divestiture of Firefish Private Networks Limited and More Recently, the Acquisition of Grandex Finance Limited
https://globenewswire.com/news-release/2019/02/04/1709871/0/en/GIFA-Inc-Announces-Acquisition-of-GIFA-Holding-Limited-the-Divestiture-of-Firefish-Private-Networks-Limited-and-More-Recently-the-Acquisition-of-Grandex-Finance-Limited.html?culture=en-us
GIFA ACQUIRED GRANDEX FINANCE ON 1/16/2019
"Gifa Holding acquired (the “Grandex Acquisition”) nearly all of the outstanding capital stock of Grandex Finance Limited, a company domiciled in the Turkish Republic of Northern Cyprus (“Grandex”). The Grandex Acquisition was completed as a cash purchase of the Grandex stock."
https://www.apnews.com/280430c2bd295b6b3ac3407fc84cdb83
Grandex is in the direct lending business of providing payday loans, short term loans, and installment loans generally in the Turkish equivalent of up to $10,000 (U.S.) in the Lefkosa market area. Grandex offers its customers fast loan processing without application fees or late payment fees and with average monthly interest rates of about 30% on outstanding balances. Customers are also offered several repayment options and may be able to qualify for higher loan amounts as well.
The Grandex Acquisition was completed as a cash purchase of the Grandex stock!!!
$GIFX
HAHAHAA...oh man, never gets old, cracks me up everytime. Why not say 0.00001? Just as credible.
$GIFX
There was much disinformation propagated criticizing Gifa before the 2016 financials were released... It happened.
There was much disinformation propagated criticizing Gifa before the ticker change... It happened.
There was much disinformation propagated criticizing Gifa before the name change... It happened.
There was much disinformation propagated criticizing Gifa Airways as being fictitious. Well, it isn't. It's as real as it gets.
There was much disinformation propagated criticizing Gifa saying the reverse merger wouldn't happen... It happened!
There is currently more disinformation being propagated criticizing Gifa for not releasing the remaining financials... IT WILL SOON HAPPEN!!!
"As circumstances allow, we anticipate that we may be filing ADDITIONAL Reports for the 2017 and 2018 calendar periods in the near future."
https://globenewswire.com/news-release/2019/02/04/1709871/0/en/GIFA-Inc-Announces-Acquisition-of-GIFA-Holding-Limited-the-Divestiture-of-Firefish-Private-Networks-Limited-and-More-Recently-the-Acquisition-of-Grandex-Finance-Limited.html?culture=en-us
GIFX!!!
(GIFX) Check out ALL of these subsidiaries! Wow!!!
As of September 30, 2018, "the Company’s principal asset AND ALL of its operations are the assets and operations conducted by its subsidiary, Gifa Holding and the subsidiaries of Gifa Holding."
https://globenewswire.com/news-release/2019/02/04/1709871/0/en/GIFA-Inc-Announces-Acquisition-of-GIFA-Holding-Limited-the-Divestiture-of-Firefish-Private-Networks-Limited-and-More-Recently-the-Acquisition-of-Grandex-Finance-Limited.html?culture=en-us
GIFA Green Islands Finance of America
http://www.greenislandsfinanceofamericaltd.com
GIFA Call Center
http://www.gifacallcenter.com
GIFA Nursing Home
http://www.gifahuzurevi.com
GIFA Air Lease
http://www.gifaairlease.com
GIFA Duty Free
http://www.buyqualitycigarettes.com
Global Visa Limited
http://www.geteasyvisa.net
Yusuf Kifa
http://www.yusufkisafinance.com
Gifa Enerji Ürünleri Ticaret
http://www.nutritionstoreonline.net
GIFA Deniz Ürünleri
http://www.gifadenizurunleri.com
YYeni Bakis Gazetesi
http://www.yenibakisgazetesi.com
Gifa Consulting
http://www.gifaconsulting.com/index.html
Gifa Forex
http://www.gifaforex.com
Gifa Nektar
http://www.gifanektar.com
Gifa Insurance
http://www.gifainsurance.com/index.html
Gifa Project
http://www.gifaproject.com
Gifa Rent a Car
http://www.gifarentacar.com
Gifa Construction
http://www.gifaconstruction.com
Gifa Estates
http://www.gifaestates.com
Gifa Financial Instruments
http://www.gifafinancialinstruments.com
GIFA Airways
http://www.gifaairways.com
GIFA Hotel & Casino
http://www.scotlandyardnews.com/gifa-chairman-to-build-new-and-deluxe-hotel-casino-in-the-trnc/1108/
GIFALAND
http://www.gifaland.com/images/fizibilite-raporu-eng.pdf
https://translate.google.com/translate?hl=en&sl=tr&u=http://www.gifaland.com/home.html&prev=search
GIFA Holding
https://translate.google.com/translate?hl=en&sl=tr&u=http://www.gifaholding.com/&prev=search
GIFALAND, GIFA CASINO, AND GIFA AIRWAYS <-------- These do exist as any major real estate development and completed project does.
They exist in the planning, permitting, government licensing, proposal and required commission proposal approval(s) phase, before any construction can legally begin. GIFA Airways, as part of GIFA Tourism, is already a functioning business unit, with plans and submitted proposals to grow the operational airline portion - including proposals to re-open the former north island main airport based in Nicosia.
GIFALAND
"Finally with the consent of the TRNC government, owner of GIFA, Inc., Yusuf Kisa announces that his theme park project is ready to be put into action. GIFALAND will be 100,000 square meters large and located in the country’s capital of Lefkosia, close to Ercan airport."
IT EXISTS!!!
http://www.yenibakisgazetesi.com/gifaland-the-first-theme-park-to-open-in-the-trnc/27953/
GIFA CASINO
"We’re told the project will be a masterpiece, located in the Alsancak area of Kyrenia – a hotspot for tourists. With plans already under way, the grand opening is expected to be as soon as the end of the year."
IT EXISTS!!!
http://www.yenibakisgazetesi.com/cashing-in-yusuf-kisa-to-build-leading-hotel-and-casino-in-the-trnc/30819/
GIFA AIRWAYS
"Gifa Airways are available within the total of 60 aircrafts." <-------- HAHAHAAAAAA! THEY EXIST!!!
http://www.gifaairways.com/our-fleet.html
Finally, these are active "subsidiaries" of Gifa Inc, which is a conglomerate. A conglomerate being a number of different things or parts that are put or grouped together to form a whole but remain distinct entities. That includes developments in process since they've already been bought, paid for, licensed, and approved!
That includes.... Airplanes! <----SIXTY OF THEM... GET THAT! SIXTY!
Legit company? It doesn't get more legitimate than this!
BWAHAHAHAHAHAHAHAHAH!!!!!!!
GIFX - Gifa, Inc. COMPLETION OF THE REVERSE MERGER!
Feb. 04, 2019 -- Gifa, Inc., a Nevada corporation announced that GIFA completed three major corporate transactions.
https://globenewswire.com/news-release/2019/02/04/1709871/0/en/GIFA-Inc-Announces-Acquisition-of-GIFA-Holding-Limited-the-Divestiture-of-Firefish-Private-Networks-Limited-and-More-Recently-the-Acquisition-of-Grandex-Finance-Limited.html?culture=en-us
On September 30, 2018 the Company completed the following two transactions:
The Company acquired (the “Acquisition”) nearly all of the outstanding capital stock of GIFA Holding Limited, a company domiciled in the Turkish Republic of Northern Cyprus (“Gifa Holding”). The Acquisition was accomplished via the Company’s issuance of certain shares of its newly-designated Series A Voting Preferred Stock in exchange for nearly all of the outstanding common stock of Gifa Holding in a tax-free reorganization.
The Company completed the divestiture (the “Divestiture”) of all of the 10,000 shares of the capital stock that it owned in its then wholly-owned subsidiary, Firefish Private Networks Limited, a company domiciled in the Republic of India (“Firefish Networks”). The Divestiture was accomplished as a tax-free transaction that also resulted in the discharge of approximately $267,000 of debt represented by an outstanding promissory note that the Company had previously issued to the Company’s founder, Harshawardhan Shetty, M.B.A.
As a result of the Acquisition and the Divestiture and as of September 30, 2018 and currently, the Company’s principal asset and all of its operations are the assets and operations conducted by its subsidiary, Gifa Holding and the subsidiaries of Gifa Holding.
In addition and on January 16, 2019, the Company’s subsidiary, Gifa Holding, completed the following acquisition:
Gifa Holding acquired (the “Grandex Acquisition”) nearly all of the outstanding capital stock of Grandex Finance Limited, a company domiciled in the Turkish Republic of Northern Cyprus (“Grandex”). The Grandex Acquisition was completed as a cash purchase of the Grandex stock. Grandex is based in Lefkosa in the Turkish Republic of Northern Cyprus. Grandex is in the direct lending business of providing payday loans, short term loans, and installment loans generally in the Turkish equivalent of up to $10,000 (U.S.) in the Lefkosa market area.
Grandex offers its customers fast loan processing without application fees or late payment fees and with average monthly interest rates of about 30% on outstanding balances. Customers are also offered several repayment options and may be able to qualify for higher loan amounts as well.
Are the ones set really high all of them, or is there a core chunk that have been held long term?