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Fraudulent scam stock KPAY going back to .0001 very quickly because at this point it is very clear this coal story and mouthwash story are scams like every other one the past few years.
Somehow after so many scam fraudulent press releases over the past couple years many still fell for this latest scam. It’s comical.
SECURITIES And EXCHANGE COMMISSION
KPAY shareholders do you think stock fraud.
Report Suspected Securities Fraud or Wrongdoing
Submit a Tip
b Submit a Tip
**The TCR complaint form is compatible for use with Microsoft Internet Explorer (IE) version 11, Safari, Mozilla Firefox and Google Chrome (please note that use of the Chrome browser may result in some visual format issues including the display of instructional pop up boxes). **
Fraudulent or unregistered offer or sale of securities, including things like
Ponzi schemes
Pyramid schemes
High-Yield Investment Programs
Theft or misappropriation of funds or securities
Manipulation of a security's price or volume
Insider trading
False or misleading statements about a company (including false or misleading SEC reports or financial statements)
Failure to file required reports with the SEC
Bribery of, or improper payments to, foreign officials
Fraudulent conduct associated with municipal securities transactions or public pension plans
SECURITIES And EXCHANGE COMMISSION
KPAY shareholders do you think stock fraud.
Report Suspected Securities Fraud or Wrongdoing
Submit a Tip
b Submit a Tip
**The TCR complaint form is compatible for use with Microsoft Internet Explorer (IE) version 11, Safari, Mozilla Firefox and Google Chrome (please note that use of the Chrome browser may result in some visual format issues including the display of instructional pop up boxes). **
Fraudulent or unregistered offer or sale of securities, including things like
Ponzi schemes
Pyramid schemes
High-Yield Investment Programs
Theft or misappropriation of funds or securities
Manipulation of a security's price or volume
Insider trading
False or misleading statements about a company (including false or misleading SEC reports or financial statements)
Failure to file required reports with the SEC
Bribery of, or improper payments to, foreign officials
Fraudulent conduct associated with municipal securities transactions or public pension plans
SECURITIES And EXCHANGE COMMISSION
KPAY shareholders do you think stock fraud has occurred. There is no coal deal just more fraudulent press releases.
Report Suspected Securities Fraud or Wrongdoing
Submit a Tip
b Submit a Tip
**The TCR complaint form is compatible for use with Microsoft Internet Explorer (IE) version 11, Safari, Mozilla Firefox and Google Chrome (please note that use of the Chrome browser may result in some visual format issues including the display of instructional pop up boxes). **
Fraudulent or unregistered offer or sale of securities, including things like
Ponzi schemes
Pyramid schemes
High-Yield Investment Programs
Theft or misappropriation of funds or securities
Manipulation of a security's price or volume
Insider trading
False or misleading statements about a company (including false or misleading SEC reports or financial statements)
Failure to file required reports with the SEC
Bribery of, or improper payments to, foreign officials
Fraudulent conduct associated with municipal securities transactions or public pension plans
KPAY scam stock just left copper- sub Penny forever at this point
For example:
JAKARTA, Indonesia, March 23, 2020 /PRNewswire/ -- KinerjaPay Corp (OTCQB: KPAY) reported that the Company has incurred additional costs for the issuance of the MT-799 Bank Guarantee. This has delayed the receipt. Mr. Edwin W. Ng's (Chairman & CEO of KinerjaPay) recent $1 million equity infusion into the Company has enabled the Company to handle this burden. Recent changes in the issuing Bank's Compliance Department has increased the cost of issuing the guarantee. The Company is paying these costs. The Company's Investor, Infinity Venture Capital Pte Ltd., a Singapore-based corporation, has advised that once these costs have been covered, their Bank will issue the Bank Guarantee for $25 million to our local bank.
The Company has an established line of credit with China Construction Bank, Jakarta for US$25 million. Mr. Ng said: "This process has taken significantly longer than anyone could have anticipated. I am convinced, as evidenced by my own investment, that we are finally at the end of a lucrative process for our shareholders. I expect to receive the Bank Guarantee by the end of March, 2020." Infinity has confirmed their investment through the already announced Convertible Preferred, which is convertible at $1.80/share.
About KinerjaPay
KinerjaPay enables consumers to "Pay, Play and Buy" through its secure web portal and mobile applications. Based in Indonesia, the Company provides an easy and convenient payment solution while shopping online at its marketplace platform. With its current omni-channel platform, users can perform various payment services such as credit card bill payment, utility, phone bill, healthcare insurance and direct transfer to anyone at their convenience. KinerjaPay is also planning to launch other eCommerce verticals such as travel market, delivery services, and online gaming in the near future. The Company's services are available through its mobile applications and on its website at www.kinerjapay.com.
Buddy,
There will never be a coal delivery. Just like all the other promises in scam press releases the past 2 years. This is just another scam.
Come on guys. You have to know this whole coal thing is just another KPAY fraud stock scam. Wake up and stop drinking the Edwin Ng Koolaid.
This fraudulent KPAY stock scam continues. Luckily for CEO Edwin Ng there’s sucker born every minute.
All you guys are drinking the koolaid.
This scam stock KPAY will never see a penny again. It’s amazing these latest 2 pump and dumps about mouthwash and coal for a peer to peer money lender even worked. Dead forever.
No more copper for this POS scam stock. Fake stories again from KpAY. Criminals.
Give me a break- same old fraud.
Where’s Kozjin?
JAKARTA, Indonesia, PRNewswire/ -- KinerjaPay Corp. (OTCQB: KPAY), an Indonesian-based fintech and mobile payment solution Company based in Jakarta, today announced that its Chief Executive Officer, Mr. Edwin W. Ng is in discussions to explore synergistic and collaborative alliances with strategic investor Kozjin International Group (Kozjin).
Signing Ceremony at Kozjin Office
Signing Ceremony at Kozjin Office
Kozjin is an innovative fintech company using blockchain technology across its portfolio of businesses including real estate, showbiz, business schools, and aesthetic products, spread across Taiwan, Japan, Malaysia and Singapore. Kozjin's recent success in Real Estate integration projects in Malaysia and Vietnam has transformed the Company into a fully capitalized Company in Blockchain technology.
Mr. Ng said, "This partnership will transform KinerjaPay Corp into a much stronger company. With Kozjin Group as our strategic investor, it will help KPAY grow beyond Indonesia to other markets such as Malaysia, Singapore, Vietnam, Taiwan and Japan."
Kozjin has a strong and growing presence in the region and is actively seeking to expand its footprint both in width and depth of market presence, and also in its portfolio of businesses using blockchain technology. The strategic investment will focus towards building up the business revenue of the Company in eCommerce sector, Peer-to-Peer Lending platform, and expansion to other regions such as Malaysia, Vietnam, Taiwan and Japan.
Kozjin's Founder and Group Chairman, Dato' Sri Francis Ang commented, "Upon the successful strategic investment, Kozjin will support KinerjaPay to enter into foreign markets which we currently have our foothold and presence, such as Malaysia, Vietnam, Taiwan and Japan. We will introduce KPAY's platform to our existing market, and help reinvent the business to a new level." Dato' Sri Francis Ang continued, "We believe that this potential strategic investment will create a strong synergistic growth momentum for both KPAY and also Kozjin as a group."
In view of the shared goal of creating greater values for clients, both parties are currently conducting in-depth discussions and the accompanying due diligence.
About KinerjaPay
KinerjaPay enables consumers to "Pay, Play and Buy" through its secure web portal and mobile applications. Based in Indonesia, the Company provides an easy and convenient payment solution while shopping online at its marketplace platform. With its current omni-channel platform, users can perform various payment services such as credit card bill payment, utility, phone bill, healthcare insurance and direct transfer to anyone at their convenience. KinerjaPay is also planning to launch other eCommerce verticals such as travel market, delivery services, and online gaming in the near future. The Company's services are available through its mobile applications and on its website at www.kinerjapay.com.
Notice Regarding Forward-Looking Statements
This press release may contain forward-looking statements, about KPAY's expectations, beliefs or intentions regarding, among other things, its product development efforts, business, financial condition, results of operations, strategies or prospects. In addition, from time to time, KPAY or its representatives have made or may make forward-looking statements, orally or in writing.
Forward-looking statements can be identified by the use of forward-looking words such as "believe," "expect," "intend," "plan," "may," "should" or "anticipate" or their negatives or other variations of these words or other comparable words or by the fact that these statements do not relate strictly to historical or current matters. These forward-looking statements may be included in, but are not limited to, various filings made by KPAY with the U.S. Securities and Exchange Commission, press releases or oral statements made by or with the approval of one of KPAY's authorized executive officers. Forward-looking statements relate to anticipated or expected events, activities, trends or results as of the date they are made. Because forward looking statements relate to matters that have not yet occurred, these statements are inherently subject to risks and uncertainties that could cause KPAY's actual results to differ materially from any future results expressed or implied by the forward-looking statements. Many factors could cause KPAY 's actual activities or results to differ materially from the activities and results anticipated in such forward-looking statements, including, but not limited to, the factors summarized in KPAY 's filings with the SEC. In addition, KPAY operates in an industry sector where securities values are highly volatile and may be influenced by economic and other factors beyond its control. KPAY does not undertake any obligation to publicly update these forward-looking statements, whether as a result of new information, future events or otherwise. Please see the risk factors associated with an investment in our securities which are included in our Annual Report on Form 10-K as filed with the SEC on April 20, 2018 and most recently in our Registration Statement on Form S-1/A filed with the SEC on December 21, 2018, pursuant to which we are offering 300,000 Shares of 11% Series C Cumulative Redeemable Perpetual Preferred Stock at $25.00 Per Share.
scam. do some research. everything about this company is a scam.
Waiting for the class action suit to get my money back after the SEC gets Edwin Ng and KPAY for securities fraud. This KPAY stock is the worst fraud on the OTC.
Pump and dumpers have left KPAY and on to the next scam stock. Who got left holding the bag?
Under a dollar- out of copper!! Going back to .001/share.
It’s a fake scam company so this was inevitable. No amount of fraudulent fake news works anymore for this pump and dump stock.
Paradise lost for some Bintan investors from Singapore
• Investors pay $12 million in total for units • Developer pulls plug on condo-hotel project • Buyers say they did not get promised refunds
1 of 3
Photographs taken by buyers of The Heritage project site at Lagoi Bay in the northern part of Bintan. At least 69 investors from Singapore forked out between $140,000 and $500,000 for units at the condominium-hotel project. It was originally promised
Photographs taken by buyers of The Heritage project site at Lagoi Bay in the northern part of Bintan. At least 69 investors from Singapore forked out between $140,000 and $500,000 for units at the condominium-hotel project. It was originally promised to be completed by end-2015, but developer PT Stareast Sejahtera pulled the plug on construction a year ago. PHOTOS: BUYERS OF THE HERITAGE
Charissa Yong
US Correspondent
PUBLISHEDSEP 10, 2017, 5:00 AM SGT
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Dozens of investors have been left in the lurch following the failed construction of an Indonesian property project in which they invested a total of $12 million.
At least 69 investors from Singapore forked out between $140,000 and $500,000 for a unit in The Heritage condominium-hotel at Lagoi Bay, in the northern part of Bintan.
They had paid nearly all their instalments, but the developer, PT Stareast Sejahtera, pulled the plug on construction a year ago with the project far from complete.
Representatives from a group of 28 buyers told The Sunday Times that Stareast has not refunded them even though it promised to do so.
The buyers made a police report against Stareast in Medan, Indonesia, on June 14, and investigations are ongoing.
Stareast group chief executive officer Edwin Ng has disputed their account, claiming he refunded more than a third of existing buyers of The Heritage's 219 units, in part or in full. He also hired a Singapore law firm in July to mediate and negotiate refund terms with the group of 28.
ADVERTISING
A 50-minute ferry ride from Singapore, The Heritage was launched in 2013 and marketed in Singapore as one of several new beachfront resorts that would open in Lagoi Bay over the next few years.
NO HONEST PLAN
We reached the conclusion that the guy was not willing to compensate us. He never had a basic, honest plan from the beginning.
MR CHRISTOPHE CHAPEL, a project manager in the oil and gas industry who was among those who invested in The Heritage, on Stareast group CEO Edwin Ng.
SUSPICIONS RAISED
I saw red flags when he started sending us letters and pictures to say the project was a bit behind schedule. From those pictures, it looked miles behind.
MR LUIGI FIORE, regional finance manager, on Stareast informing investors that the project would be delayed.
Investors were told they could ride the wave of Bintan's renaissance, with tourist arrivals poised to swell, given a new international airport that was expected this year.
Buyers were promised annual returns of 9 per cent, and guaranteed they could later sell their unit back to the developer if they wished. They were told construction would be completed by end-2015, but their concerns mounted as deadline after deadline was missed.
In a June 2015 letter, Stareast told investors the project would be delayed due to changes in contractors.
ADVERTISING
Said regional finance manager Luigi Fiore, 43: "I saw red flags when he started sending us letters and pictures to say the project was a bit behind schedule. From those pictures, it looked miles behind."
A new August 2016 deadline was set, but it passed with the project "30 per cent completed", said a Stareast update that month.
By then, the 28 buyers opted to rescind their contracts. They were entitled to full refunds of payments.
Mr Ng told them Stareast would get a bridging loan, and promised them refunds, they said. In a letter sent in February, seen by The Sunday Times, he asked for an extra year to raise funds by selling another hotel in Bintan developed by Stareast, the Grand Lagoi Village.
But buyers said they lost faith after he issued cheques that bounced and delayed his repayment schedule. Said Mr Christophe Chapel, 52, a project manager in the oil and gas industry: "We reached the conclusion that the guy was not willing to compensate us. He never had a basic, honest plan from the beginning."
The buyers, who started a chat group and a file-sharing account, went to the police. Some visited the project site in June and found the ground floor only partially finished, and parts of the foundation exposed.
In an e-mail to The Sunday Times, Mr Ng blamed his failing business on the delayed opening of the Bintan international airport, now pushed back to 2020. "When we decided to invest in Bintan about six years ago, we were informed that there would be an international airport that will connect Bintan Resorts to the whole world, therefore opening the huge potential for tourism businesses in Bintan island," he wrote.
Nearly all visitors to Bintan's resorts now arrive by ferry via Singapore's Tanah Merah Ferry Terminal as the airport is too small for frequent domestic or regional flights.
In a letter to investors on Feb 23, Stareast said it was "disappointing that Gallant Venture did not fulfil and deliver what had been promised to investors", and announced it was halting its investments in Bintan.
Singapore-listed investment firm Gallant Venture, which manages Bintan Resorts, is project developer for the Bintan airport.On the delay, Gallant Venture said the airport was originally planned as a regional chartered flight airport, but later got the chance to convert its domestic airport licence to an international one. This means the airport can receive regular international scheduled flights and domestic flights, said its executive director and chief financial officer Alvin Choo Kok Kiong.
In his e-mail, Mr Ng also noted Stareast's Grand Lagoi Village hotel had suffered for
If you guys want a good laugh, go to yahoo and type in: Edwin Ng Singapore Condo failure. It'll show you the type of businessman the CEO of this company is.
I'll bet that Edwin loaded up on kpay when it was $.0003, then put out these fake headlines and made millions
selling the stock over $.01.
Down 15%.
Close to leaving copper and back under a Penny. Shareholder dreams of riches crushed again by criminals at scam fraudulent stock KPAY!
People actually had enough sense to question why a peer to peer lending service would be shipping coal and selling mouthwash!!!!!!!!!
Another clever Edwin move. There’s some shady stuff going on behind the scenes and you know it.
No! Now down 18%!
KPAY Crashing like it should being a fake Company pump and dump scam.
Yikes!!! Down 14%!
Going under a Penny.
What a scam
They have connected the dots. There is a connection that over the last 36 months each of the following press releases put out by the criminals at KPAY is a scam and untrue.
It looks like the public has smartened up to fraudulent stock KPAY after the coal scam fiasco. Stock is down and nobody falling for this new mouthwash fake story. Edwin should be a movie screenwriter the way he spins out this stuff.
Great. The coal scam fizzled out and now KPAY is on to a mouthwash scam. A peer to peer lending company shipping coal and selling mouthwash. Anyone gullible here?
Newest pump and dump KPAY scam for sure. KPAY has proven beyond a shadow of a doubt that it is a scam press release machine!
Have to conclude investigations into KPAY securities fraud must have started already. Anticipating the next press release for KPAY instead of scam lies will be from the authorities investigating criminal activity.
Fasten your seatbelt. Massive drop coming today for KPAY and going under a Penny and won’t get back to copper again. KPAY fraudulent press releases are catching up to the company. Should see SECURITIES AND EXCHANGE COMMISSION prosecute these criminals when they realize how many innocent stockholders have been defrauded.
Go read the latest sec filing on seeking alpha and you'll learn about all of kpay's failures. The CEO built condos on a swamp in Singapore and the investors lost everything. The picture is hilarious-it's just some concrete and rebar sticking out of a swamp in the middle of nowhere
KPAY total train wreck and a fraudulent stock. Going under a Penny tomorrow for sure.
All scam and fake news being put out. There is clearly no real coal deal and it would be unlikely as this “supposedly” is a peer to peer payments company although in reality there has never been a real company here. It’s just a perpetual pump and dump machine with on and off fraudulent press releases to draw in unfortunate victims.
You “expect” turnaround by end of day. You are taking the “expect” thing right out of the Edwin Ng playbook.
Down 29%!!!!
.009 soon and then back to .0003 even quicker.
KPAY biggest scam on the OTC
Down 25%!!!!!
Yikes going under a Penny soon. Scam has been revealed. Fraud stock KPAY!
No news. Just a scam fraudulent press release yesterday with no real facts. It’s just a long string of BS pump and dump plan.
Ouch! Down 10%!
Most of the people know today’s press release is another lie of scam company KPAY.
Just a lot of gobblly goo with no substance. Fortunately for Edwin Ng and KPAY there’s a sucker born every minute. Run for the hills if you’re smart!!
The dumping continues.
You owe me.