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Indonesian Coal in the age of global warming and sustainability - this is going to be like plastic was in the 1930’s!
It’s Alive! It’s ALIVE!!
“The Company Estimates Cash Profits in Excess of $9 million Per Year“
Anyone want to buy a bridge?
Indonesian Coal in the age of global warming and sustainability - this is going to be like plastic was in the 1930’s!
And if this ends up being another scam he will be in prison
You’re kidding of course- there’s bridge I want to sell you and world is flat.
Yippee!
Coal sale from a p to p payments company.
Up 20%!!
Maybe the pork belly deal will happen.
JAKARTA, Indonesia, Dec. 2020 /PRNewswire/ -- KinerjaPay Corp (OTCQB: KPAY), a Delaware Corporation, a digital payment and e-commerce platform Company ("KinerjaPay" or the "Company") with its business operations based in Indonesia, today announced that the Company has signed a new Indonesian bituminous coal contract with a China Construction Investment Group (Ningbo) Trading Co., Ltd. for a contract to supply up to 2,000,000 MT within the next 12 months.
At present stage, the contract's Unit Price for Indonesian Bituminous Coal in Bulk based on Coal Grade NCV 5500 kcal/kg (ARB) is USD $51.50 /MT FOB Trimmed Geared Mother Vessel at East Kalimantan, Indonesia, for a total Shipment Quantity of 80,000 Metric Tons. Total Shipment Value for the first shipment will be USD $4,120,000 with planned Delivery schedule on a bi-weekly basis for each shipment. The Company expects to deliver the contract in full, therefore expecting to bring in total Revenue up to USD $103 million in 2021, depending on the Coal Price Index throughout the year.
Once the Company completes the delivery of the contract in full, it is expected to earn at least US$9.8 million in Operating Profits on the over $100 million in total revenue. When asked about this deal, the Company's CEO & Chairman, Mr. Edwin W. Ng, commented "We have been working very hard to get this deal, and we finally did. This deal will change the Company by driving in revenues and income. We will rebuild the Company's portfolio to ramp up its sales and profitability. We hope to transform the Company in 2021 and focus more on general trading either online or offline to improve the Company's performance."
Mr. Ng further commented that "Our team has departed to East Kalimantan with the buyer this week to conduct the site survey and shipment preparation. We expect to deliver our first shipment by the end of next month. We will also work with local supplier and logistics Companies to ensure smooth delivery process, as well as PT. China Certification & Inspection Group (CCIG) to monitor the quality of the coal." Since I invested nearly $1 million into the Company last March, the Company has been generating positive cash flow without the need of the convertible loans, which have been used to finance the Company in the past three years. It is the company's intention to stay a positive cash flow company from hereout. The Company continues to be approached by institutional investors wanting to invest in the Indonesian marketplace. We believe that this coal contract will only make this easier to accomplish.
Yikes down 33%!
Who can say “fell for another fraudulent scam from KPAY”?
Yes big bounce for sure
Yes big bounce for sure
How the earnings look ?
A good buy price today
Electric car KING
$1,000/share coming?
It’s as likely as Kpay actually having a real committment of selling $100,000,000 of coal per year to China.
Press release coming today about KPAY getting 5 year contract to sell
$100,000,000 value in pig bellies to China each year starting 2021. This will create $15,000,000 profit per year.
Hello??$&@$@$???
There is no real coal sale coming and certainly no profit. You obviously are new to the KPAY ongoing 2-3 year fraudulent press releases scam.
Down 25%
Who got caught in yet another KPAY fraudulent scam.
This one was easy to spot.
Under normal legit honest circumstances yes but this clearly appears to be one more in a long stream of fraudulent press releases by kPAY which have occurred over the last 2-3 years to pump and dump this stock to make a couple of criminals rich. This has obviously occurred again.
The pump and dump continues today
There will be “administrative issues” that cause things to get delayed. Then there will be dead silence for 3 months until another fraudulent press release
The only problem with your thinking Is this is yet another fraud and there will be no coal contract and just a scam here. No revenue no profit just bs
Who else feels like a sucker yet one more time?
Such an obvious pump and dump. Very Bold this Edwin Ng. He let the last fraudulent scam quiet down for 6 months before pulling this nutty one- coal? Give me a break
Taken again
Taken again
The major dump continues- everyone’s been taken again by a pump and dump scam.
Edwin CEO will only be stopped with prison.
Same old scam pump and dump from Edwin Ng with big bold fraudulent press release. Dump is now.
Same scam all over again?
Looks like the dump has started
$100,000,000 revenue in 2021 :that makes this a multi billion dollar company! Going to $3/share
This will be a $3.00 stock by January. It was almost $3.00 18 months ago.
Could be a massive pump and dump
Up 128%
BUT smells like another Edwin Ng fraudulent scam for sure.
Up 14%! Something brewing?
Up 14% today!!
Up 7%!
Up 14%. Buyout must be complete.