Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Edwin give us the reverse split
Do the 50:1
Let's get back to quality stock territory of one and a half cents.
That will bring in the buyers.
200 mil volume? that would be a new one
There has been public outcry to renegotiate the terms of existing p2p loans. 52% of the p2p platforms received requests from borrowers to restructure loans. The head of the OJK said no, there is no need for any new regulations regarding restructuring loans.
The head of the AFPI said that some p2p companies may decide on their own to change terms to help people through this time.
They also expect there to be a increase in loans through Ramadan.
Indonesia lockdown was supposed to end tomorrow, but it sounds like people were disregarding the last order, so now its extended to May 22nd with mandatory work from home.
As for Singapore, who was widely praised for their early handling of the virus, they are going to extended lockdown to June 1st. The influx of people returning home from abroad in the last couple weeks without going into quarantine is where they think the problem arose from.
So I dont see much happening for a while. Besides going to $.0001. There are more notes hitting over the next few days, and those will be the last ones we know of until the 10k comes out. Probably wont see the 10k until mid june.
It would. sometimes he sends out the 11:50 pr, but I think he's in hiding
Yeah, I still have the article I read on Yahoo about it.
They had revenue back then around $30 million and were growing from selling prepaid mobile cards. Then they mentioned about getting into p2p lending and it seemed like a great idea.
It only took them a year and a half to get done what should have taken 6 months tops. I can only dream about if he had any knowledge of what to do. If they could have got the p2p running in early 2019. Wasted time.
I cant even remember. I want to say it was under 100 million without a doubt. Maybe 50 mil, or 85 mil.
My first purchase was like 2 years ago for around $1.60. Good times.
I think the preferred he's bought aren't convertible until $0.10
More notes or lower closing price.
Every time we set a lower close, the notes reserve goes up.
Even if he didnt write any new ones over the last couple weeks, just the fact the price keeps going down is killing them.
Thats the same language used on every share increase. Its all driven by the reserve shares required on the active notes.
Nothing different
What that tells me is theres probably about $840,000 in notes right now.
$840,000 ÷ $.00056 = 1,500,000,000 shares
With a reserve of 10x (15 billion)
Thats probably a worse case. But not far off.
Anyone trying to pump this for a swing trade needs to have their head examined.
There is no pumping KPAY anymore. When you see a copy of a deposit slip from Bank of China that shows an investor gave them a pile of cash, then you'll get your pump.
Lol
Ok
Do yourself a favor. Read these:
https://www.prnewswire.com/news/kinerjapay-corp./
Maybe start around 1-7-2019
The pink sheets
March 11th last close at $.01
Maybe this is all part of Edwins master plan. This way he doesnt have to file that 10K. Or show how deep we are in notes anymore.
This is management at its finest.
so now your saying the 100:1 won't happen?
you seemed pretty sure it was going to for the last 3 months.
"The Board of Directors believes that the Reverse Split will affect all holders of shares of Common Stock and shares of Common Stock underlying convertible notes equally but will not affect the outstanding shares of our Series B Voting Preferred Stock or the authorized shares of Common Stock."
That's from the 14C. So your not really telling us anything we didn't already know about it not affecting the preferred he owns.
"The Board of Directors believes that a Reverse Split should, at least initially, increase the price of our shares of Common Stock to approximately $3.00 per share, in the event that our Board of Directors elected to implement the maximum reverse based on a one-for-one hundred (1:100) ratio."
Those were the days....
"Accordingly, there can be no assurance that the market price of our Common Stock after the Reverse Split would increase in an amount proportionate to the decrease in the number of issued and outstanding shares, or would increase at all, that any increase can be sustained for a prolonged period of time or that the Reverse Split would enhance the liquidity of, or investor interest in, our Common Stock."
Like I said, you think he's going to do it to go to $0.16? So it can collapse down to a penny in a week?
Let's say he has his heart set on getting listed on the Nasdaq. If by some stretch we recovered to $.40 or better, he may do a 100:1 then. By then most of us we'll be long gone.
He can send out prs every week if he wants. You act like hes still able to minipulate the share price. Wheres the bump? Every pr since the original Infinity has done nothing to stop the price from dropping.
Werent you beating the reverse split drum every day for a while? Why hasnt it happend? Whats it been, 3 months?
There are supposed to be rules, who knows if they apply.
Amount of money set aside for repurchase
Time frame for repurchase
Volume rules
Cant purchase in first hour, or last half hour of trading day
If he wanted to dedicate a million dollars towards a buyback in 2020, im sure he could get over 500 million shares off the market, or basically all the shares.
Wheres all these shares coming from?
There are no more notes until the end of the month. The last one hit on either 3/31 or 4/1 for around 23 million shares.
2:1 buys
Edwin buying back already?
Blah Blah Blah Reverse Split.
Not going to happen.
Unless he refiles for 1000:1
We've been over it a hundred times already. All you need to do is some basic math. When he filed for the 100:1 Kpay was $.30
You really think he's going to waste his time going to $.13???
Let me put it like this - They'll go bankrupt before he executes the 100:1
Now were back to the ghost called "Infinity"? You may want to hustle Edwin. The 30 day delisting is approaching. Either Friday or Monday. Get it to a penny, or hello pink sheets.
From BOC
Dear valued customers,
In accordance with the Governor's call No. 6 of 2020 concerning the prevention of the spread of the Corona Virus Disease (COVID-19), then from March 23, 2020 until further notice, the service time of the Bank of China has been temporarily adjusted to 10.00 - 14.00, the operations of the Kelapa Gading KCP and the Melawai KCP were suspended for while. And since March 27, 2020 until further notice, the operation of KCP Mangga Dua is temporarily suspended.
Customers can also transact via internet banking at www.bankofchina.co.id or through an ATM machine for debit card transactions.
Thank you for your understanding and apologize for the inconvenience.
Bank of China (HongKong) Limited Jakarta Branch
March 24, 2020
Looks like a bunch in Jakarta are closed
Julo closed
Investree closed
Koinworks closed
Modalku closed
Akseleran says its open
Danamas open
TunaiKita open
UangTeman closed
Gradana closed
Vestia closed
Probably explains alot
Even all branches of BOC closed
https://www.google.com/search?biw=800&bih=1280&ei=rZaGXsvECcvVtAaor5eQCQ&q=boc+jakarta&oq=boc+jakarta&gs_lcp=ChNtb2JpbGUtZ3dzLXdpei1zZXJwEAMyAggAMgIIADIICAAQBRAKEB46BAgAEEc6BAgeEAo6CAgAEAcQChAeOgYIABAHEB46BQgAEM0COggIABAIEAcQHjoHCC4QDRCTAjoECAAQDToHCC4QQxCTAjoFCAAQkQJQ36YCWNvGAmCpzQJoAHABeACAAX6IAYsJkgEDMy44mAEAoAEB&sclient=mobile-gws-wiz-serp#trex=m_t:lcl_akp,rc_f:rln,rc_ludocids:9054841064362782329,ru_lqi:Cgtib2MgamFrYXJ0YSIDiAEBWhIKA2JvYyILYm9jIGpha2FydGE
If you look at Kfund/Jakarta page:
https://www.google.com/search?source=hp&ei=p5GGXsHhC5XRtAbQzbbYDw&q=kfund+jakarta&oq=kf&gs_lcp=ChFtb2JpbGUtZ3dzLXdpei1ocBABGAAyAggpMgIIKTICCAAyAggAMgIIADICCAAyAggAMgUIABCDATIFCAAQgwEyBQgAEIMBOgcIKRCDARAKOgUIKRCgAToECCkQAzoCCC5QpxtYyitg4jpoAHAAeACAAXKIAdgBkgEDMC4ymAEAoAEBsAEI&sclient=mobile-gws-wiz-hp#trex=m_t:lcl_akp,rc_f:,rc_ludocids:3306392543010129628,rc_q:KFUND%2520-%2520P2P%2520Lending,ru_q:KFUND%2520-%2520P2P%2520Lending
They should be open right now. 9:30 am. I'm thinking covid-19 has them shut down.
Their Instagram was updated today with a "Stay home" covid-19 pic today as well.
Another day of 4,999s
If someone else would like to translate that magazine, the link is still there.
Thats the 2 most reliable ones i know of, Google Translate and Yandex.
One translation says purchases and the other says acquires. If theres something thats getting lost in the translation, i can accept that.
1. Kozjin is acquiring Kpay, and the owner jumped the gun by announcing sooner than he should have.
2. Kozin is investing in Kpay through Edwins preferred shares method, or direct injection of funds.
3. Kozjin decided to waste everyones time and put a story about something to do with Kpay as the lead story in their magazine.
Yeah Edwin is real prompt with his filings. Did you look at the last filing letting us know the 10k will be delayed for the 3rd year in a row?
If your just now concerned about dilution, where did you stand 100 million shares ago?
I think we get something from Edwin by weeks end. Any form of a deal would be welcomed. If Kozjin see's the big picture and can accelerate the p2p moving into any of the countries he mentioned, man that would be so big.
Ran the Yandex extraction through Google Translate
From cover:
Kejin International Group purchases Indonesian listed company KINERJAPAY
Pg2:
Kejin International Group Formal Acquisition
KinerjaPay
March 17
Great news, Coking International Group officially purchases a listed company in Indonesia
KinerjaPay Corp (OTCQB: KPAY). The three public companies of the listed company are Indonesia and Jakarta.
Provide digital payment solutions for Indonesian and Southeast Asian demand companies by providing security for consumers and businesses
The online presence has contributed to the growth of e-commerce and the Internet market. For this cooperation, Coking International will assist
KinerjaPay rushed out of Indonesia and showed it to my existing foreign markets, such as: Malaysia, Singapore
Vietnam, Taiwan and Japan have also cooperated to achieve heavy business and reach another peak. After the news, the gold coin
And KPAY shares rose 56.20% and 57,14%.
Under photo:
March 11th-Edwin W. Ng, the chief executive officer of KinerjaPay ????, the chief executive officer of Kejin International Tourism and Tourism Commissioner, Sri Hung Hi-Kim, discussed the matter together and explored the alliance. At the same time, a policy ritual was also implemented. Nasri Hungri, International Co-founder of Kejin, stated that this strategic investment in this project will contribute to KPay and Kozjin's strong business growth.
So the photo was on the 11th according to this. We got the PR with the photo on the 17th. Also says a "policy ritual" was also implemented. This could have been going on for a week before Edwin did his PR.
Also mentions the 3 companies (KFUND, KPAY, KMALL) would be my guess
If Edwin is doing his normal notes, KPAY probably has 2-3 mil in notes actively. Shouldn't be an issue considering they have no other debt. The debt has been baked into the shares.
Could be they shook hands on it on the 17th. Working out details. Kozjin is the one with the money, and they seem to think its a done deal.
It takes a while to do, but if you go to their Facebook page from Singapore which is their active page, they post videos a lot. They comments are in Chinese (I guess). I've run a bunch through translation from video from yesterday, and the day before. There are a few people wanting to know more about Kozjin International. Seems like something they set up to maybe acquire some companies under their umbrella.
I like that he mentions getting KPAY exposure in all those countries.
Should probably wait until its official. That mag came out 11 hours ago. So I wonder if their still working out the details.
It says acquired, but I want to know if its a translation thing.
Process for doing the translation:
Use snipping tool in Windows on magazine text
Load image into https://translate.yandex.com/
Use Block translation (there is also word, and line)
Then click on where it says "open in Yandex translate"
It is in Chinese
Better translation from page 2:
Kokumin international group formally acquires KinerjaPay
On March 17, the Ministry of good news ! Coking international group formally acquired KinerjaPay Corp(OTCQB:KPAY), a listed company in Indonesia.Three listed companies, namely, yagata Inc., provide digital solutions for companies in Indonesia and Southeast Asia, and promote e-commerce and the growth of the internet market by providing secure online presence for users and merchants . With this cooperation , KK international will help KinerjaPay to develop its presence in overseas markets such as Malaysia, Singapore , Vietnam, Taiwan and Japan. After the news , the gold coin
And KPAY shares on Jan. 56.20% and 57,14%.
The translation show "Coking" "Kokumin" for Kozjin
Looks like maybe they acquired yagata also, unless that's a translation issue
WOW!!!!!! From the cover:
Kokumin International Group acquisition KINERJAPAY Inc.
That is a direct translation through Yandex using block translation of this:
? ? ? ? ? ? ? ? ? ? ? ? ? ? ? KINERJAPAY
The translation under photo on pg4
March 11 Department-Kokumin International Founder Director Sri hung day KinerjaPay
Chief Executive Officer of the bureau. Ng Da company of a play into the line of discussion , exploration
We are also working together with our partners. At the same time, also carried out policy instrument. Kegin international
The people of nasrihon said; the strategy investment will sound as KPay
And Kozjin to create a strong business growth.
Oh Shit let this be true!!!!!
Coking International Group formal acquisition
KinerjaPay, Inc.
March 17 comments-heavy great news! Coking international group formally acquires a listed company in Indonesia
KinerjaPay Corp (OTCQB: KPAY). The name of this Listed company is nyajjada.
To provide security for users and traders
In addition, we also promote the growth of e-commerce and the internet market. This cooperation , coking international will help
KinerjaPay rushes out of Indonesia and returns to my existing overseas markets, for example: Malaysia , Singapore
In addition , the company has also re-established its business in Taiwan , Taiwan, Taiwan and Japan. After the new public , branch gold coins
And KPAY ?? ?56. 20% and 57.14%?and KPAY ?? ?56. 20% and 57.14%.
I ran it through translate.yandex
I'll keep doing the rest of the article
KPAY in Kozjin's magazine. Just out. Need a way to translate the article.
https://www.facebook.com/kozjingroup/photos/a.235300143811943/506654593343162/?type=3&theater
https://issuu.com/kozjin/docs/koz_e-news_032020
I cant grab the text from the magazine article to translate it. Pages 2-4.
I'll keep working on it.
You can take what you want from the Play Store reviews. They seem to be having a problem with the OTP via SMS (one time password) generation. Similar problem as some of the other companies. Koinworks is in the process of exploring using WhatsApp to generate their OTPs. Maybe something KFUND should look into.
Getting back to the reviews. The number of reviews doesn't bother me. Komunal has 7 written reviews and 3 stars from 61 people. They've been up and running for over a year. Neither does the content of the reviews.
Look at Akseleran's app. Click on the newest reviews. Does that look good to you?
"My money has got stuck since months and they have been given updates yet with no result as yet. A big risky application I should say"
"Acceleration consistently bumps comments and reviews since August last year or at the same time as their TKB90 began to be low. whether it's bots or paid users reviewing the Play Store. Simply reflecting how the integrity of the team is ... afraid of reviewing the bad apps until there are fake reviews?"
"It's been a year using this application but the quality of the loan still hasn't improved. Many loan portfolios offered are bad. My inbox is full of emails whose subject is "Update handling late payment loans ...". So far, fortunately everyone can come back, it's just longer than …"
"Never download this application once. Your money will be held for months. Very disappointing. I have held my money up to 6 months. There are 2 now that are stuck. TKB is not clear. Already complained but the same answer continues. Unclear and too rubbish"
And if you really want to see something sad, read Modalku's newest reviews. They have 12 reviews for 2020 and 5 of them are 1 star.
"The WTP90 is getting worse these days, a lot of capital is stuck in delinquent loans. Already know it's a delinquent, still given loans again and again, finally all six loans are arrears, it's really stupid. The billing is also unclear for months without any significant development, the people running away are not being pursued. Eh instead create a new status type: "default non recoverable". Hadehhh, that's bad"
Well theres a gleaming advertisement for the biggest company out there.
Kozjin's Singapore Facebook page acknowledges the discussion with KPAY. So at least this whole thing isn't an Edwin only experience.
Kozjin ??????
March 18 at 3:10 AM ·
KinerjaPay Corp. in Discussions With Strategic Investor to Explore Synergistic and Collaborative Alliances
KinerjaPay Corp.??????????,????????
#?????? #kozjingroup #kpay #kinerjapaycorp
"Discussions with strategic investors to discuss synergies"
Kozjin ??????
March 18 at 3:06 AM ·
KinerjaPay Corp. in Discussions With Strategic Investor to Explore Synergistic and Collaborative Alliances
KinerjaPay Corp.??????????,????????
#?????? #kozjingroup #kpay #kinerjapaycorp
Kozjin ??????
March 18 at 3:00 AM ·
KinerjaPay in discussions to explore alliances with strategic investor Kozjin International
KinerjaPay????????????????????
#?????? #kozjingroup #kpay #kinerjapaycorp
"Discussions under way to establish an alliance with strategic investor Cogin International Group"
Delaying their 10K under SEC regulations due to Cov-19
posted yesterday
That's a real good sign.
So they started on 1-20-2020. 68 Days
They're averaging 73 downloads a day.