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So 1.4 mil in a half an hour? What did I miss?
What the hell caused that?
The mm's are doing someone a favor. They are doing their best to keep this thing pinned between $.015 and $.02 for accumulation.
When you see a sale of 1,984,200 at $.016, do you even ask yourself who could turn a profit selling at that price?
How about the 300,000 at $.0153?
There shouldn't be anything converting until the 24th. So where are all these shares coming from?
If he gets royalties from the movie, we'll have another source of revenue.
1000+ Very good work.
If your viewing the PlayStore, either refresh your cache, or go look at a different app, then come back to KFUND and it will show updated total. I noticed on my tablet, it will still show 500+ unless you do the above mentioned.
So from launch at 1-20-2020 to today, 21 days. They are staying at their pace of 50 downloads a day.
50 x 365 = 18,250 downloads for a year, without big money for marketing. Funding comes through, this number goes way up.
Creation of the FDC
The OJK and AFPI have created the Fintech Data Center. It will be a database of all the borrowers using p2p. It will be used to log information about a debtors ability to repay, see whether they have existing loans, as well as keeping their personal information on file (tax #, employment,etc.).
It can be used by all the p2p companies. So far 5 companies have integrated their system with the FDC. It's designed to take some of the burden off the individual companies, by not having to use their own verification and credit check system.
My guess is this will become mandatory be the end of 2020. KFUND should do it now, help to keep their defaults at zero.
A couple new rules from OJK:
P2P must increase the number of total loans to 25% to the productive sector. Up from 20%.
15% of loans must originate outside of Java, in an effort increase financial inclusion in the country. The OJK is developing marketing, or outreach programs to assist the P2P companies with this.
The OJK thinks this 2nd rule can be implemented by encouraging banks to work with the P2P companies in these regions as co-ops.
LOL. The fucking lazy banks are losing money, so this is the answer. You could see this coming from a mile away. I've brought it up before. The banks do not want to pay people to go out to the markets and rural areas to sign people up for loan service, so time to partner up with the people stealing your business.
Get ready for KFUND to find a "partner". The benefits for this are funding for every loan facilitated. Wait time to fulfil loans will decrease. The p2p companies should also get access to the banks existing customer base. KFUND still makes its fees. But people trying to make money funding loans (aka p2p) might get squeezed out.
Today we look at Pintek.
Got their registration on 10-16-18. Judging by what we see with the time it takes to get sites up and running, let's say they began their p2p in mid November 2018.
They facilitate strictly education loans.
They received an undisclosed amount of seed VC funding on 4-16-19.
In this article: https://magazine.job-like.com/pintek-dana-pinjaman-sekolah/ from 9-27-19, they had disbursed $657,810 in loans. So in 10 and a half months roughly.
On 11-11-19, they received an undisclosed amount (said to be in the area of $3mil) of pre series A funding.
In this article from 2 days ago:https://keuangan.kontan.co.id/news/p2p-lending-pintek-sudah-salurkan-pinjaman-rp-373-miliar they are now at $2,726,257 loans disbursed.
First 12 months in business $657,810 in loans
Last 4 months $2,068,477 in loans
From only education loans.
Using simple math, they should easily exceed $8 mil in loans disbursed in 2020.
So when we see KFUND reaching out to high schools, and setting up internships through universities, does $8,000,000 in loans to these kids sound like a bad idea to you?
Not a banner first year for Pintek, but they did what they had to do, and funding showed up. This year they will begin their Shariah p2p service. Growth and revenue.
Shouldn't we maybe ask ourselves who is buying all these shares?
Better yet, who could profit selling at this price? All you would have to do is look at the days when the share price dipped below this level, and see if there were enough shares bought on those days for someone to turn a profit selling at $.019
Your answer is no.
Were done with convertibles until the 24th.
Unless the mm's are slow rolling out the shares theyre sitting on. Or just selling to each other.
Or maybe someone just sells shares at a loss for the hell of it.
Singapore-Jakarta table talk with Anoki coming up on February 13th.
https://www.eventbrite.sg/e/singapore-jakarta-table-talk-online-to-offline-business-in-uncertain-era-tickets-93033147649?aff=ebdssbdestsearch
W?ho should attend?
1?. Investor
2?. Startup Founder
3?. Business Owners
4?. Traders
5. VC
6?. Etc
Yes, Yes, I trust in Anoki to bring it home. I'm thinking your going to have to run the whole company Anoki.
Looking at the other companies that got registered same day as kfund, here are some of them:
Ivoji - nice site, no counter
Kotakkoin - up, but no data yet
Pinjamindo - good luck here, certificate is not valid
Jayindo - still has a "coming soon" sign up
Indosaku - what is going on here?
Sumur - still has a beta site up
Puhui Lending - has let their certificate expire
TFA - uh, wheres the site?
Pinjamkan - counter is up, no data
Tolongku - "coming soon"
Cankul - no counter
360kredi - counter up, no data, what a disaster
Theres more, but you can see how things are going for the competition. We should be running circles around these guys soon enough.
He probably purchased the shares through Manchester Management. They based them out of Puerto Rico, therefore no SEC registration. He would be the beneficiary owner of the shares. Hence why I can't find when he purchased them.
Yeah. Check that link. Looks like he was a >10% owner
Wasn't MFST another of the companies linked to KPAY?
https://www.holdingschannel.com/insider-buying/mfst-insider-buying/
Well if nothing else, he still owns them. And it looks like they've taken some companies to court. So maybe if Edwin keeps dicking around, were better off having a hedge fund on our side. LOL
Here is Besser's purchases under his name:
https://sec.report/CIK/0001512127
I checked them all, no mention of KPAY
At the price you show, he would have paid $1.54 a share, meaning late 2017 early 2018. There is no purchases at that time. I wonder if that total amount is based on something else?
I just Ctrl+F the last 3 10Qs for "JEB", "Manchester", "Besser" and nothing comes up. Was it in another filing?
You seem positive of when he bought. Can you enlighten me, because I've looked back at the 2019 filings for Manchester and JEB and do not see where they purchased the shares in KPAY.
You don't know that they purchased in early 2020.
Look at the hedgefund holdings - I see some tech companies.
Cipherloc
Izea Worldwide
Cloudward
Some smaller biotech/therapeutic companies
Ozop Surgical
Echo Therapeutics
eWellness
Modular Medical
Info on JBs hedge fund:
https://privatefunddata.com/private-funds/jeb-partners-lp/
So a hedgefund owns +/- 5%. Hmmm.
Looks like because of shares issued on Jan 23rd, his ownership fell below 5%. The cause of the filing.
He didn't dispose of all his shares from what I see, just had to file because he fell under the threshold. Or am I reading it wrong?
Of all the places to complain and issue warnings, why here? Head over to any of their social media pages and speak your mind. Maybe when they hear your going to report them to the SEC, they will be more transparent with their investors. I'll look forward to seeing how they respond to your messages.
You can leave them a message any of these places:
https://twitter.com/kinerjapay
https://www.facebook.com/KinerjaPay/
https://www.instagram.com/explore/tags/kinerjapay/top/
https://www.instagram.com/kmall.id/?hl=en
https://www.google.com/search?ei=tPA6Xu_eBcqQ_QbSo664Cw&q=kmall+jakarta&oq=kmall+jakarta&gs_l=psy-ab.3..0i13l8j0i13i30l2.5576.7173..7597...0.2..0.131.775.1j6......0....1..gws-wiz.......0i71j33i160j0i22i30.Z85O54ZqpBg&ved=0ahUKEwjviODa7brnAhVKSN8KHdKRC7cQ4dUDCAo&uact=5#lrd=0x2e69f7348fbe8b0d:0x9cc3a4c862d19108,1,,,
https://twitter.com/kmallid
https://www.google.com/search?ei=0PA6XpbbEcKxggfJ-7bICA&q=kfund+jakarta&oq=kfund+jakarta&gs_l=psy-ab.3..0i10.4406.5273..5979...0.1..0.137.521.3j2......0....1..gws-wiz.......0i71j0i7i30j0i7i10i30j0i13j0i13i30.va8b4mmc_t8&ved=0ahUKEwiWg5no7brnAhXCmOAKHcm9DYkQ4dUDCAo&uact=5#lrd=0x2e69f75a6be0172f:0x2de2aa7ff61e86dc,1,,,
https://www.instagram.com/kfund_id/
Notice how anytime we get a share price increase, it coincides with Citadel getting out of the way on the Ask?
Wouldn't it be something if the U.S. had an extradition treaty with Indonesia?
They went live on January 20th, so yesterday was the 2 week mark. They definitely picked up some users in week 2. About 35 a day.
Ever heard of Modal Rakyat? They're just your run of the mill p2p in Indonesia.
Projecting for 2020 - $36,375,000 in loans
https://www.validnews.id/Fintech-Modal-Rakyat-Targetkan-Pendanaan-Rp500-Miliar-mOh
Article from today
CAN WE PLEASE GET THE BALL ROLLING ALREADY?
If nothing else, they just busted another 120 illegal p2p lenders. That puts the total of illegal operations shut down at 2018.
https://www.gatra.com/detail/news/467764/ekonomi/masih-marak-satgas-kembali-temukan-120-fintech-ilegal
From almost 20 years ago, still valid today:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=18742
It's almost like deja vu, especially the part about cross-trading.
This isn't mainland China. The banks in Singapore were closed on Monday, reopened on Tuesday. The banks in Indonesia were open on Monday.
If were thinking a branch in Singapore cant maneuver without its parent bank in China being open, then why is the branch even open?
Here are our 3 choices:
1. The swift MT799 hasn't happened yet. So no PR.
2. The swift MT799 happened already, we don't know about it, and their waiting until the MT760 comes before letting us know what is going on.
3. The financing is not happening again.
If I get any response to my email sent yesterday, I will let everyone here know.
Not real important, KPAYs Facebook
I haven't looked at this in so long. But I'm surprised to see the followers at 548,000.
When Edwin said they had a user base of 600K, maybe they actually do. I usually looked at the downloads.
That being said, hope we have some good news soon. If he decides not to PR the MT799, and just waits until the MT760, they should get it Tuesday or Wednesday next week. If they include Saturday as a business day. Then the line of credit maximum 72 hours.
Yeah, I'm staying optimistic that they got it by end of day Wednesday. 5PM there 5AM here.
He really should surprise us one time. He could have said they would get the swift on Monday, and then give us a PR on Thursday saying they received it ahead of time. We wouldn't know what to do.
Boxes himself in, and if one thing goes wrong, you lose even more credibility.
No more floor at $.0185
Wonder what Edwin thinks when he goes to bed and in the morning wakes up once again to see his companies market cap sliced in half?
Probably just turns on the coffee pot, and reads a couple chapters of Zig Zigler, and says to himself "was I supposed to do something yesterday? Oh yeah, the swift."
We will be bringing forward our branch closing hours on the day of our company event on 21 January 2020 (Tuesday) and on the eve of Chinese New Year on 24 January 2020 (Friday).
Our main branch and sub-branches will be closed over the public holidays from 25 to 27 January 2020 (Saturday to Monday).
For more information, please contact our 24-Hour Customer Service Hotline at 1800-66-95566....
See More
https://www.facebook.com/bankofchina.sg/photos/a.1439797639648590/2185897631705250/?type=3&eid=ARAqo1fpZHuJ_7ANND2emzIEdD4cRlcDFOJgsKNWBY-1uFQN1NFvUQBShAV0iJq_wPk7xl_0u8wSD0E1&__tn__=EHH-R
From Bank of China, Singapore branch
You have to go to their Facebook page unless your computer is from 1979, then it will work with their main website.
The financial markets in Singapore and Indonesia are open
not same company
ours is based out of Singapore
There is a clear path back to $.0185
So just do a "timber announcement" in advance for that
At least it will make me laugh
The latest he ever sent out a PR was 12:53. If we don't get one by 1:00 pm, forget about seeing it today.
But if you haven't realized yet, he operates on his own timeline, you haven't been here long enough.
I could have lived without Mondays PR. Just take me to the point in the timeline where Edwin sends out a picture of himself holding a deposit slip for $7.5 mil.
Even if he gets the MT799 by Friday, you still have 5 business days to get MT760, and another 3 days after that to get line of credit opened up.