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Did some DD here and I’m in this has great potential!
KPAY SECURITY DETAILS
Share Structure
Market Cap
12,755,132
01/29/2019
Authorized Shares
500,000,000
01/23/2019
Outstanding Shares
30,369,361
01/23/2019
Restricted
13,395,004
01/23/2019
Unrestricted
16,974,357
01/23/2019
Held at DTC
15,426,440
01/23/2019
Float
3,176,766
07/03/2018
Par Value
No Par Value
Market Value calculated only for respective security
https://www.otcmarkets.com/stock/KPAY/security
2 week wait and hopefully we get confirmation!
This might of helped end of the day buying!
https://ca.proactiveinvestors.com/companies/news/213649/kinerjapay-corp-sets-up-us-accounts-for-upcoming-200-million-wahana-group-investment-213649.html
KPAY nice update on the fianacing deal with an 8-K!
http://app.quotemedia.com/quotetools/showFiling.go?webmasterId=501&name=KINERJAPAY%20CORP.:%208-K,%20Sub-Doc%201&link=http%3A//quotemedia.10kwizard.com/filing.xml%3Frid%3D23%26ipage%3D12662249%26DSEQ%3D1%26SQDESC%3DSECTION_BODY%26doc%3D1&cp=on&type=HTML
KPAY Nice update!
FURTHER NOTICE FROM KINERJAPAY CORP. REGARDING ITS NEW INVESTMENT
The Company is following proper U.S. banking procedures in order to maintain its compliance in all aspects with U.S. Federal Banking Regulations
NEW YORK, January 30, 2019 /PRNewswire/ --
KinerjaPay Corp., a Delaware corporation (OTCQB: KPAY), a digital payment and e-commerce platform, ("KinerjaPay" or the "Company") announced today that the Company has filed a Form 8-K report with SEC updating the disclosure in the Company's Form 8-K filed with the SEC on January 8, 2019. The Company reported on the January 8, 2019 Form 8-K its acceptance of a subscription from a major Indonesian investor, the Wahana Group, for $200 million for newly authorized shares of Series F and Series G Convertible Preferred Stock, convertible at $1.80 per share, subject to a 9.99% blocker. The Company further reported that it expected to close the Wahana investment within 10 days.
However, due to the complexity of the United States Federal Bank Regulations, the Company is still in the process of establishing a new Business Bank Account to accommodate an investment of this size, which requires U.S. Banks to not only apply enhanced "Know Your Customer" rules but also "Proof of Funds Source" rules. Over the past two weeks, the Company's Executive Officers have met with several major Banks in New York to open one or more Business Bank Accounts for KinerjaPay, a public reporting company with the SEC, to facilitate the acceptance of the $200 million investment.
Since the adoption of the Patriot Act, and for sound reasons, U.S. Banking Regulations require significant additional Due Diligence as a prerequisite before opening a new Business Bank Account with a deposit of this size, with a greater degree of background checks, which we now understand may take up to 14 additional business days or more. To date, the Company's Executive Officers have provided the several U.S. Banks with all documents believed to be necessary, including the Proof of Funds from our investor from a major world-wide bank funds from London, as proof of the investor's ability to fund this investment in our securities.
The Company CFO, Mr. Windy Johan, commented about the current status of opening the new Bank Account(s) stating: "Because of the size of this new investment from an Indonesian investor, we have been engaged in providing several U.S. Banks in confirming that the investment funds were from bona fide sources and Proof of Funds from a major international bank with headquarters in London and world-wide. The Due Diligence process resulted in the delay from our original estimate of 10 days. We believe that we are well-along with satisfying the Due Diligence required to establish one or more new banking relationships to accept the SWIFT transfer from our investor for $200 million."
Mr. Edwin W. Ng, the Company's CEO & Chairman, also commented that, "We are in the process of opening Business Bank Accounts to accommodate the $200 million international investment." Mr. Ng further commented that, "We want all of our investors and the public markets to understand that the Company is following proper U.S. banking procedures in order to maintain our compliance in all aspects with U.S. Federal Banking Regulations."
When asked to comment about the ongoing process of funding its investment into KinerjaPay, a representative from Wahana Group, Mr. Rio Chandranegara, commented, "We remain confident and committed to subscription arrangement with and our belief in the potential of KinerjaPay. We understood that KinerjaPay's Executive Officers are expediting our investment by providing the U.S. Banks with all supporting documents in order to accommodate our investment as quick as possible, and we are here to fully-support KinerjaPay until it is done."
The Company expects to conclude the investment from Wahana Group and receive the committed funding within the next 14 to 30 business days.
About KinerjaPay
KinerjaPay enables consumers to "Pay, Play and Buy" through its secure web portal and mobile applications. Based in Indonesia, the Company provides 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.
For more information, please visit our website http://www.kinerjapay.co. There you will find access to all of our past press releases and SEC filings regarding the activities discussed in this letter.
Media Contact:
KinerjaPay Corp.
Email: info@kinerjapay.co
+62-21-2918-1336
SOURCE KinerjaPay Corp.
News Provided by PR Newswire via QuoteMedia
Exactly but the good news is it’s not far away from being done!
FURTHER NOTICE FROM KINERJAPAY CORP. REGARDING ITS NEW INVESTMENT
The Company is following proper U.S. banking procedures in order to maintain its compliance in all aspects with U.S. Federal Banking Regulations
NEW YORK, January 30, 2019 /PRNewswire/ --
KinerjaPay Corp., a Delaware corporation (OTCQB: KPAY), a digital payment and e-commerce platform, ("KinerjaPay" or the "Company") announced today that the Company has filed a Form 8-K report with SEC updating the disclosure in the Company's Form 8-K filed with the SEC on January 8, 2019. The Company reported on the January 8, 2019 Form 8-K its acceptance of a subscription from a major Indonesian investor, the Wahana Group, for $200 million for newly authorized shares of Series F and Series G Convertible Preferred Stock, convertible at $1.80 per share, subject to a 9.99% blocker. The Company further reported that it expected to close the Wahana investment within 10 days.
However, due to the complexity of the United States Federal Bank Regulations, the Company is still in the process of establishing a new Business Bank Account to accommodate an investment of this size, which requires U.S. Banks to not only apply enhanced "Know Your Customer" rules but also "Proof of Funds Source" rules. Over the past two weeks, the Company's Executive Officers have met with several major Banks in New York to open one or more Business Bank Accounts for KinerjaPay, a public reporting company with the SEC, to facilitate the acceptance of the $200 million investment.
Since the adoption of the Patriot Act, and for sound reasons, U.S. Banking Regulations require significant additional Due Diligence as a prerequisite before opening a new Business Bank Account with a deposit of this size, with a greater degree of background checks, which we now understand may take up to 14 additional business days or more. To date, the Company's Executive Officers have provided the several U.S. Banks with all documents believed to be necessary, including the Proof of Funds from our investor from a major world-wide bank funds from London, as proof of the investor's ability to fund this investment in our securities.
The Company CFO, Mr. Windy Johan, commented about the current status of opening the new Bank Account(s) stating: "Because of the size of this new investment from an Indonesian investor, we have been engaged in providing several U.S. Banks in confirming that the investment funds were from bona fide sources and Proof of Funds from a major international bank with headquarters in London and world-wide. The Due Diligence process resulted in the delay from our original estimate of 10 days. We believe that we are well-along with satisfying the Due Diligence required to establish one or more new banking relationships to accept the SWIFT transfer from our investor for $200 million."
Mr. Edwin W. Ng, the Company's CEO & Chairman, also commented that, "We are in the process of opening Business Bank Accounts to accommodate the $200 million international investment." Mr. Ng further commented that, "We want all of our investors and the public markets to understand that the Company is following proper U.S. banking procedures in order to maintain our compliance in all aspects with U.S. Federal Banking Regulations."
When asked to comment about the ongoing process of funding its investment into KinerjaPay, a representative from Wahana Group, Mr. Rio Chandranegara, commented, "We remain confident and committed to subscription arrangement with and our belief in the potential of KinerjaPay. We understood that KinerjaPay's Executive Officers are expediting our investment by providing the U.S. Banks with all supporting documents in order to accommodate our investment as quick as possible, and we are here to fully-support KinerjaPay until it is done."
The Company expects to conclude the investment from Wahana Group and receive the committed funding within the next 14 to 30 business days.
About KinerjaPay
KinerjaPay enables consumers to "Pay, Play and Buy" through its secure web portal and mobile applications. Based in Indonesia, the Company provides 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.
For more information, please visit our website http://www.kinerjapay.co. There you will find access to all of our past press releases and SEC filings regarding the activities discussed in this letter.
Media Contact:
KinerjaPay Corp.
Email: info@kinerjapay.co
+62-21-2918-1336
SOURCE KinerjaPay Corp.
News Provided by PR Newswire via QuoteMedia
KPAY...Well let’s see if he can deliver!
https://ca.proactiveinvestors.com/companies/stocktube/11947/kinerjapay-closes-200mln-investment-from-wahana-group-11947.html
This is relatively a quiet board very few pumpers and that’s good.....it’s a pretty easy call here if the money gets confirmed we go very north, we don’t back to .10-.20 the rest is noise Edwin has the potential to make a great company here, it’s a hot market and he has a foot in it already!
https://ca.proactiveinvestors.com/companies/stocktube/11947/kinerjapay-closes-200mln-investment-from-wahana-group-11947.html
The $1.80 can be achieved over night or before opening with a 8-K confirmation that money has been received, and I don’t think we will be surprised as much as being shocked that a OTC company is funded with $200m!
Do we see $1.00 today?
Nothing better than a quiet stock going up calmly!
Update!!
“In 2019, the Company will expand into prepaid mobile business, p2p lending, mobile payment solutions, online gaming, and eCommerce services initially in Indonesia’s growing economy and expanding in SE Asia.”
KinerjaPay Corp. ( KPAY )
Once in awhile we stumble across a deal that is almost guaranteed to make money. It’s rare--but when it happens we need to take advantage of it, because others surely will.
That’s the situation we have before us. There is a rapidly growing company that operates an e-commerce platform in Indonesia called KinerjaPay. The company offers KinerjaPay IP, an e-wallet service for bill transfers and online shopping; and allows mobile phone credits for users.
But their real profits come from payday lending. Indonesia doesn’t have the same usury laws we have in the United States so the company has no problem charging 33% per month in interest--and even at that rate their growth is astounding.
The great thing for us is they are traded on the US OTC exchange under the symbol KPAY--so we can readily buy and sell the stock.
The company’s growth is impressive and they have a great business model considering Indonesia is the fourth largest country by population in the world--only lagging China, India and the US--but that’s not why we are getting in.
The reason we are getting in now is because of an 8K filing with the SEC published on Tuesday January 8, 2019.
Here’s what that filing says:
KinerjaPay Corp., a Delaware corporation (OTCQB:KPAY), a digital payment and e-commerce platform, (“KinerjaPay” or the “Company”) announced that it has received a signed commitment from PT. Investa Wahana Group, Indonesia to invest $200 million, subscribing for $100 million in shares of the Company’s Series F and an addition $100 million in shares of the Company’s Series G Convertible Preferred Stock.
The Series F Preferred Stock, bearing a dividend of 6% per annum, is convertible into shares of the Company’s Common Stock at an average of $1.80 per share. The Series G Preferred Stock also pays a dividend of 6% per annum and further provides for the Company’s right to force the conversion at $1.80 per share, provided that the KinerjaPay shares are trading at $3.50 per share or higher for a period of 20 days commencing six months after the date of issuance of the Series G Preferred Stock.
KinerjaPay’s use of proceeds are to fund the Company’s peer-to-peer lending operations, potential acquisitions and strategic investments in the Company’s home-based region as part of their expansion plan for 2019. The Company also plans to allocate a certain portion of the subscription proceeds to repurchase KinerjaPay’s stock in the open market, subject to the rules and regulations of the SEC.
The Company’s Chairman and CEO, Mr. Edwin Witarsa Ng, further commented that: “This investment commitment, which is expected to close within the next ten days, will accelerate our growth plan for 2019 as we evaluate several potential acquisitions as well as proceed with strategic investments, which should, in turn, transform the Company into a significant market presence in our eCommerce and peer-to-peer lending operations, principally in Indonesia.”
In 2019, the Company will expand into prepaid mobile business, p2p lending, mobile payment solutions, online gaming, and eCommerce services initially in Indonesia’s growing economy and expanding in SE Asia.
Additionally, the company intends to make investments in certain related industries in other foreign countries.
The spokesperson from Wahana Group, Mr. Rio Chandranegara, further commented that: “We are excited about this investment opportunity as the growth of ecommerce and peer-to-peer lending business has been unprecedented lately in emerging country like Indonesia. KinerjaPay as one of the leading digital market players in Indonesia, it is also a US Company which trades in the world’s most liquid market in the United States, we are proud to be the financial backer of KPAY’s CEO, Mr. Edwin Ng and to support his growth plan in the near future.”
You can read the 8K for yourself on the OTC website here.
The bolded parts are mine and I added them so you can see what is happening here. Essentially the stock is going to convert at 1.80 per share so any purchase below that price looks to be a guaranteed winner.
So why didn’t the stock just shoot up to 1.80 the moment they made the announcement?
Because nobody believed the investment would happen. After all, 200 million is a gigantic investment for such a small company and these financing plans go sideways all the time. But fortunately for us we had an individual close to the deal at our Wealth Summit in Puerto Rico--and he assured us the deal will happen.
That’s incredible information, but there’s more. First of all 200 million is an oceanic size amount of capital--particularly for a tiny company with just 7 million in market capitalization as of this past Friday January 11--so this company is going places. But that’s not the only company that will benefit.
One of the individuals who worked on this deal is also tasked with investing a portion of the money--about 70 million in fact. And guess where he wants to put it?
In most of the deals we’re already in!
At this point 5 million is earmarked for EWLL--which will be all they need to qualify for uplisting on a major exchange. Plus another 5 million is earmarked for Quantum Computing (QUBT), and possibly another 5 million for BCII. And of course ORRP gets 5 million for their drilling and production program--enough to see them to production and positive cashflow.
In short this deal suddenly wipes out every bit of convertible debt on these companies and gets them strategically ready to uplist.
Now granted--as of this writing the deal isn’t done yet--but it’s expected to close within 10 days of the 8k filing and that puts us at January 18, 2019--in other words this Friday.
But what if it takes another week or two?--Do we even care? As long as it gets done we’re walking in tall cotton. And to put a cherry on top we can buy KPAY right now for significantly less than a dollar.
But you better hurry because KinerjaPay CEO-chairman Edwin Ng will be the South-East Asian region keynote speaker at the Wall Street Conference today, Wednesday, January 16, 2019, at Mar-a-Lago in Palm Beach in Florida--an event I’ll be attending.
KPAY Chairman Edwin Witsara NG and myself on the Mar-a-lago grounds.
So our newest and best recommendation is to buy KPAY for the best price you can right now.
For more detailed information on this deal go to ProActive Investors here.
Keep up the good work,
Cashflow Heaven Publishing
Ashland, Oregon 97520
United States
(541) 482-2311
KPAY thin to .90 presently .747!
Yes this is a hot market for underdeveloped country’s!
The best is having a quiet board price speaks volume feel sorry for the seller at .47! LOL
KPAY .73 this might have a crack at .90-1.00!
Nice newsletter!
“KinerjaPay CEO-chairman Edwin Ng will be the South-East Asian region keynote speaker at the Wall Street Conference later today, Wednesday, January 16, 2019, at Mar-a-Lago in Palm Beach in Florida”
https://www.cashflowheavenpublishing.com/thank-you-for-signing-up-for-the-winning-secret-free-newsletter/
KinerjaPay Corp. ( KPAY )
Once in awhile we stumble across a deal that is almost guaranteed to make money. It’s rare--but when it happens we need to take advantage of it, because others surely will.
That’s the situation we have before us. There is a rapidly growing company that operates an e-commerce platform in Indonesia called KinerjaPay. The company offers KinerjaPay IP, an e-wallet service for bill transfers and online shopping; and allows mobile phone credits for users.
But their real profits come from payday lending. Indonesia doesn’t have the same usury laws we have in the United States so the company has no problem charging 33% per month in interest--and even at that rate their growth is astounding.
The great thing for us is they are traded on the US OTC exchange under the symbol KPAY--so we can readily buy and sell the stock.
The company’s growth is impressive and they have a great business model considering Indonesia is the fourth largest country by population in the world--only lagging China, India and the US--but that’s not why we are getting in.
The reason we are getting in now is because of an 8K filing with the SEC published on Tuesday January 8, 2019.
Here’s what that filing says:
KinerjaPay Corp., a Delaware corporation (OTCQB:KPAY), a digital payment and e-commerce platform, (“KinerjaPay” or the “Company”) announced that it has received a signed commitment from PT. Investa Wahana Group, Indonesia to invest $200 million,subscribing for $100 million in shares of the Company’s Series F and an addition $100 million in shares of the Company’s Series G Convertible Preferred Stock.
The Series F Preferred Stock, bearing a dividend of 6% per annum, is convertible into shares of the Company’s Common Stock at an average of $1.80 per share. The Series G Preferred Stock also pays a dividend of 6% per annum and further provides for the Company’s right to force the conversion at $1.80 per share, provided that the KinerjaPay shares are trading at $3.50 per share or higher for a period of 20 days commencing six months after the date of issuance of the Series G Preferred Stock.
KinerjaPay’s use of proceeds are to fund the Company’s peer-to-peer lending operations, potential acquisitions and strategic investments in the Company’s home-based region as part of their expansion plan for 2019. The Company also plans to allocate a certain portion of the subscription proceeds to repurchase KinerjaPay’s stock in the open market, subject to the rules and regulations of the SEC.
The Company’s Chairman and CEO, Mr. Edwin Witarsa Ng, further commented that: “This investment commitment, which is expected to close within the next ten days, will accelerate our growth plan for 2019 as we evaluate several potential acquisitions as well as proceed with strategic investments, which should, in turn, transform the Company into a significant market presence in our eCommerce and peer-to-peer lending operations, principally in Indonesia.”
.
In 2019, the Company will expand into prepaid mobile business, p2p lending, mobile payment solutions, online gaming, and eCommerce services initially in Indonesia’s growing economy and expanding in SE Asia.
.
Additionally, the company intends to make investments in certain related industries in other foreign countries.
The spokesperson from Wahana Group, Mr. Rio Chandranegara, further commented that: “We are excited about this investment opportunity as the growth of ecommerce and peer-to-peer lending business has been unprecedented lately in emerging country like Indonesia. KinerjaPay as one of the leading digital market players in Indonesia, it is also a US Company which trades in the world’s most liquid market in the United States, we are proud to be the financial backer of KPAY’s CEO, Mr. Edwin Ng and to support his growth plan in the near future.”
You can read the 8K for yourself on the OTC website here.
The bolded parts are mine and I added them so you can see what is happening here. Essentially the stock is going to convert at 1.80 per share so any purchase below that price looks to be a guaranteed winner.
So why didn’t the stock just shoot up to 1.80 the moment they made the announcement?
Because nobody believed the investment would happen. After all, 200 million is a gigantic investment for such a small company and these financing plans go sideways all the time. But fortunately for us we had an individual close to the deal at our Wealth Summit in Puerto Rico--and he assured us the deal will happen.
That’s incredible information, but there’s more. First of all 200 million is an oceanic size amount of capital--particularly for a tiny company with just 7 million in market capitalization as of this past Friday January 11--so this company is going places. But that’s not the only company that will benefit.
One of the individuals who worked on this deal is also tasked with investing a portion of the money--about 70 million in fact. And guess where he wants to put it?
In most of the deals we’re already in!
At this point 5 million is earmarked for EWLL--which will be all they need to qualify for uplisting on a major exchange. Plus another 5 million is earmarked for Quantum Computing (QUBT), and possibly another 5 million for BCII. And of course ORRP gets 5 million for their drilling and production program--enough to see them to production and positive cashflow.
In short this deal suddenly wipes out every bit of convertible debt on these companies and gets them strategically ready to uplist.
Now granted--as of this writing the deal isn’t done yet--but it’s expected to close within 10 days of the 8k filing and that puts us at January 18, 2019--in other words this Friday.
But what if it takes another week or two?--Do we even care? As long as it gets done we’re walking in tall cotton. And to put a cherry on top we can buy KPAY right now for significantly less than a dollar.
But you better hurry because KinerjaPay CEO-chairman Edwin Ng will be the South-East Asian region keynote speaker at the Wall Street Conference later today, Wednesday, January 16, 2019, at Mar-a-Lago in Palm Beach in Florida--an event I’ll be attending.
So our newest and best recommendation is to buy KPAY for the best price you can right now.
For more detailed information on this
Cashflow Heaven Publishing
Ashland, Oregon 97520
United States
(541) 482-2311
For consumers......https://www.kinerjapay.com/
For investors nice video clips under media..........http://www.kinerjapay.co/
Ssssshhhhhh......You already gave us an alert!!
“ALL IN @ .47 Going to 2.00+ $$$$$”
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=146082401
Ihubers have absolutely very little input here on buying, as the whales will take this one to a higher level once confirmed!
Yes Frankiy and no dilution...quite an impressive share structure!
https://www.otcmarkets.com/stock/KPAY/security
CEO must feel pretty confident that the 200m is done!
https://www.otcmarkets.com/filing/html?id=13153641&guid=c4W8UHXtV1xssth
Here is some info on KPAY I’m sure you will understand...
Share Structure
Market Cap
8,891,652
01/11/2019
Authorized Shares
500,000,000
01/09/2019
Outstanding Shares
23,337,670
01/09/2019
Restricted
8,825,004
01/09/2019
Unrestricted
14,512,666
01/09/2019
Held at DTC
13,798,082
01/09/2019
**********BEST PART FLOAT*******
3,176,766
KPAY....Only a few ihubers on the train right now, but find a seat and enjoy the ride most of the non ihubers are in the first class section!
Now that’s funny!
The conference in Florida starts tonight stay tuned!
GM KPAY train has left I suggest boarding!
With the potential of 200m being signed and confirmed, and the $39m acquisition completed we could see $3-$5 and on top of that a buyback of $5m oh my!
Nice.... closed at high of the day .66 up 73.23%!
Thanks.... KPAY closed at high of the day .66 up 73.23%!
High of the day .605...wow!
KPAY up another 57.48% today!
Looks like a big time winner if the buy back starts oh my!
FIVE MILLION BUY BACK WOW!!!!
“Ng said the buy-back would be in the order of $5 million and would signal KinerjaPay’s confidence in the company. “
https://www.proactiveinvestors.com.au/companies/news/212459/kinerjapay-to-use-200-million-investment-for-growth-acquisitions-212459.html?_ga=2.71042323.2063352045.1547159990-319831313.1541202359
Love this!!!
The company has already agreed to buy up Indonesian mobile prepaid top-up provider PT Mitra Distribusi Utama (PT MDU), reporting the agreed transaction would add $39 million to company’s annual revenue base.
KinerjaPay had a $1.59 million, or 728.5%, growth in total gross revenue to $1.84 million in the March 2018 financial quarter, when compared to March 2017 quarter results.
The $2.5 million acquisition expected by February 2019 is set to increase annual revenues by about 10-fold, using last year’s March quarter figures.
KinerjaPay’s Ng highlighted the expected growth to the company’s customer base from the MDU acquisition.
It will grow the company’s audience by up to 3.5 million users from its existing base of half a billion users.
Ng said, “Once we have completed the acquisition, we will have a massive database of about three million, three-and-a-half million customers.
“We can cross-sell other products that we have to these three million customers and have these customers shopping online, collecting points (and) paying utility bills using KPAY, instead of just buying prepaid top-ups from the companies that run mobile businesses.
“We could also offer them some peer-to-peer (P2P) lending solutions, (the KFUND) microloans that we announced four months ago.”
The company also plans to buy back stock on the open market in accordance with Securities and Exchange Commission rules.
Ng said the buy-back would be in the order of $5 million and would signal KinerjaPay’s confidence in the company.
https://www.proactiveinvestors.com.au/companies/news/212459/kinerjapay-to-use-200-million-investment-for-growth-acquisitions-212459.html?_ga=2.71042323.2063352045.1547159990-319831313.1541202359
Another nice video!
The conference will attract new investors and check the video out!
Just out.....
8-k Out nice presentation.
https://www.otcmarkets.com/filing/html?id=13153641&guid=M8j8UHVVhqXQxth