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KFUND pulled from AFPI site.
https://afpi.or.id/members?cat=&srt=&keyword=kfund
KFUND lost it's registration.
https://www.kontan.co.id/tag/pinjaman-online
"KONTAN.CO.ID - JAKARTA. The Financial Services Authority (OJK) again reported the latest data on registered and licensed fintech peer to peer (P2P) lending. As of May 24, 2021, there are a total of 131 fintech or online loans (pinjol) registered with the OJK. This means a reduction of 7 fintech lending players since it was last announced in early May.
The change occurred because there was a cancellation of the registered receipt. Six of these are follow-ups to the return of his registered mark and another due to the inability to complete operational improvement commitments.
"Six fintech lending, namely PT Kinerja Sukses Gemilang, PT Pendanaan Gotong Royong, PT Newline Fintech Indonesia, PT Dynamic Credit Asia, PT Sinergi Mitra Keuangan, and PT Digital Bertahan Indonesia were canceled as a follow-up to the return of their registered marks to the OJK. Meanwhile, the cancellation of PT Anantara Digital Indonesia's registered sign is due to the inability to complete the operational improvement commitment," said OJK as quoted by Kontan.co.id, Tuesday (8/6)."
The reason available shares HAD to go up...
From the convertible notes we never got to see after 2019s 10K. The reserve amount has got to be incredible.
Whatever you do Edwin, wait out the for the SEC rule changes. Let Citadel eat what they have.
Low life Edwin doesn't want to get current on his filings for a reason.
I would love to see what happened after 2019s 10K.
Another interim CFO also.
That makes 3 in last year. Thats a good look.
Where's all the hope from this morning?
Did you finally realize maybe you have no clue what you bought into, and should listen to anyone who has been around here longer than 2 days?
Let me help you:
1. The CEO never invested $1 mil of his money.
2. SAM Koin is a joke.
3. 2/3 of the business is closed.
4. The CEO of KFUND quit and Edwin never addressed it.
5. Do the math on the coal shipments, he keeps saying 12 mil in profit, based on what?
6. 2 billion shares. He cant even get anyone to write a note for him anymore.
7. Sold the building, looks like theyre down to around 5 employees maximum.
8. The P2P will never get going. He will end up losing his permit from inactivity.
But, keep listening to the new experts around here, and watch your money disappear.
File the RS after the bell, then start writing notes again.
The new guys need to learn the way.
CEO of the decade. I like when he refers to the "board of directors". LOL, it doesn't get any better.
We need more "Chart Experts".
Edwin should dilute while delusional people are all around.
Shocking 2 billion shares wont go up.
Hard to believe.
guy thinks the float is 29 mil. Good lord.
lol. so good. please read the 10k
Know what you own? Good advice. Start with taking it yourself.
Anyone here look at last years 10K?
Anyone here ever look into whats going on with KFUND?
How about KMALL?
SAM Koin? You're joking right.
So Rommel says its going to be worth $3.5 bil and people believe it? Why stop there? Why not $50 bil?
After all he did such an amazing job with DDKoin.
Remember when he said they were acquiring the majority of outstanding shares of KPAY stock? Yeah, what happened there?
Better yet how are they helping anyone in Indonesia?
Could you explain to me how they're helping anyone in the Philippines?
ZERO chance of a buyback.
Keep holding your breath.
Read my post about his $1mil investment, and you tell me if he has shareholders in mind.
Edwin's $1 mil "investment"
Think about how many shares that could have bought.
He could have bought back almost all the outstanding shares at the time.
Instead he paid off a note the company owed on.
Sounds like a good business decision right?
Until you look, and realize the note was owned by PT Kinerja, a company he owned.
Pure class.
Wouldn't have been so bad if he wouldn't have issued a PR about it.
Justifying $18.8 mil market cap
1.5 billion shares
Company has zero debt (its all in the shares)
They've also had zero revenue (or close to it)
Edwin's pipe dream of $12 million profit over the next 12 months is laughable at best. He would need to go 3X what he's doing now.
$170,000 x 26 (biweekly shipments)= $4.4 mil
He already said next shipment is smaller and now delayed. Coal price has risen which may help.
I'll use $4mil for EPS vs 1,500,000,000 shares outstanding = $.0027 per share.
Where do you think it should be? 10X earnings? Around $.027
20X earnings? $.054
almost $4,000 in volume today, very impressive.
The funny thing is, thats more revenue than KPAY will have for 2020 and 2021 combined.
You mean the 2 websites that haven't been updated since 2019? Those 2 websites?
I'm sure Kmall is coming back soon too, and the coal is almost ready.
LOL. Kinerjapay sites down.
Kinerjapay.co and Kinerjapay.com both not up anymore.
My prediction of end of March was real close. Can't say I didn't give everyone fair notice.
No answer as to KMALL and KFUND disappearing?
Nice of Edwin to stop in and float some more BS. You can actually go the the ports website on your own if you like. Take a look at loading times. Let me know what you think of what he said today.
3/31/2021 Predicted end date
I'll give him 10 more days. He can probably unload another 10 million of his shares in that time.
End of Q1, send out the PR saying it's all over.
Saves him from having to file any additional paperwork for CEO of KFUND walking out.
Here's some photos for you:
https://www.prnewswire.com/news-releases/kinerjapay-corp-notified-its-peer-to-peer-lending-platform-in-indonesia-will-be-permitted-in-early-december-2019-300964397.html
Look at the middle photo and ask who in that photo is still with the company?
Let me know if you need help.
Wheres the 8K for KFUND CEO resigning?
Can't even find a "interim CEO" to list on the paperwork.
Lists February as his last month. 2+ weeks and nothing from Edwin.
Kfund app not in Playstore anymore
Thats not normal.
Neither is the CEO quitting with no public notice.
Why am i having to dig to find such critical information?
Kfund.id website now down completely
Where is the bankruptcy filing?
Edwin selling his shares while business isn't open?
There's nothing left. Kmall down for almost a month. Now Kfund's done.
Posting again:
John23V Thursday, 02/18/21 07:23:32 PM
Re: None 0
Post #
10299
of 10570
KPAY done by end of month?
Let's start with KFUND:
https://kfund.id/about_us
1.The CBO walked at the end of December.
2.Windy Johan letter of resignation 4/27/20
3.The Lending Manager walked in June
4.The Customer Service Supervisor left in October
5.The HCGA manager left in October
6.The Product Development Lead left in September
7.The Finance and Accounting Supervisor left in October
7.The Full Stack Developer and the Sales Portfolio & Business Development Executive both have second jobs at PT Aeon
#1 & #3 were real bad. They had to have these guys to get the lending permit. The OJK required a certain amount of experience in the lending field as part of the requirement.
The last response from KFUND to a review in the PlayStore was 10-12-20
They never issued a new version of KFUND
They sold the building in March.
Onto KPAY itself:
Look at the newest review on the KPAY app in the PlayStore. From 5-28-20: (Translated)
"PAY EMPLOYEES 'SALARY
May 28, 2020
1
Comment on Hide with KPAY, afraid of embarrassment. Even though the fact is that the former employee's salary and layoff allowance (NOT BECAUSE OF KORONA) have not been paid for almost half a year. Also contacted, the PT turned away as if ignorance was not his concern. there is not a hint of guilt. disabled application"
Did you notice www.kinerjapay.co.id doesn't exist anymore?
KMALL
1.The Finance and Accounting Supervisor left January 2021
My personal opinion is Edwin couldn't write notes anymore because the brokers couldn't sell anymore shares. This probably happened sometime 2nd to 3rd quarter last year. Employees began to leave, especially if they weren't being paid. This coal thing could either be real, or it could be Edwin trying to unload his personal shares before shutting the doors.
KFUND 100% DONE! STOP BUYING THIS TRASH!
Here is Anoki Kiyoshi's linked page:
https://www.linkedin.com/in/anoki-kiyoshi-awp%E2%84%A2-94787430/
HE'S OUT!
"Experience
Prudential Indonesia (PT Prudential Life Assurance)
Agency Director Candidate
Company NamePrudential Indonesia (PT Prudential Life Assurance) Full-time
Dates EmployedMar 2020 – Present
Employment Duration1 yr 1 mo
LocationJakarta, Indonesia
Samudera Agency - District 41,
APL Tower Central Park, ID.
Prudential Certified Agent - 02419199
AAJI Certified
AASI Certified
KFUND - Kinerja Sukses Gemilang, PT.
Chief Executive Officer
Company NameKFUND - Kinerja Sukses Gemilang, PT.
Dates EmployedOct 2018 – Feb 2021
Employment Duration2 yrs 5 mos
LocationGreater Jakarta Area, Indonesia
PT. Kinerja Sukses Gemilang (KSG), a financial technology (fintech) company based in Jakarta – Indonesia. KSG offers a peer-to-peer (p2p) lending platform named KFUND which meets lenders and borrowers.
Remember that time Edwin said he was putting $1million of his own money into the company?
But then just paid off a note due to himself with the money.
That was a golden moment.
Kmall is long gone.
Whats it been now 2-3 weeks.
Ship had to start loading coal at latest 2/28. Well its 16 days past that. If anything was happening, Edwin would be running his mouth.
Do we just forget about the coal?
That was a good one! That Edwin. Really had some prople excited, like he was going to make this prepaid mobile card company into a logistics company.
Guess we wait for SAM and his in demand SAM coin. That should do it.
Tell me more about the chart. When a company is closing parts of its business, is that good for the chart?
Kinerja Data Center: Permanently Closed
https://www.google.com/search?biw=1920&bih=937&ei=utREYI2gCYPctQbmi5LwAg&q=medan+kinerja&oq=medan+kinerja&gs_lcp=Cgdnd3Mtd2l6EAMyBggAEBYQHjIGCAAQFhAeMgYIABAWEB46BQgAEJECOgsILhDHARCvARCRAjoLCC4QsQMQxwEQowI6DgguELEDEIMBEMcBEKMCOgIIADoICC4QsQMQgwE6BwguEEMQkwI6BQgAELEDOggIABCxAxCDAToFCAAQyQM6BQgAEJIDOgIILjoFCC4QsQM6CAguELEDEJMCOggILhDHARCvAToLCC4QxwEQrwEQkwI6BAgAEAo6CgguEMcBEK8BEAo6BAgAEA06BggAEA0QHjoICAAQDRAFEB46CAgAEAgQDRAeULPsAVihkgJg8pMCaABwAHgAgAF8iAGhCZIBBDEyLjKYAQCgAQGqAQdnd3Mtd2l6wAEB&sclient=gws-wiz&ved=0ahUKEwiN5dW3pJ7vAhUDbs0KHeaFBC44FBDh1QMIDg&uact=5
Article from 2018 when KPAY acquired them:
https://www.prnewswire.com/news-releases/kinerjapay-announces-complete-acquisition-of-pt-kinerja-indonesia-825520469.html
"Mr. Edwin Witarsa Ng, CEO KinerjaPay Corp., commented on the announcement, "This most anticipated acquisition of PT. Kinerja Indonesia will unlock many potentials to KinerjaPay Corp., which will make the Company much more cost efficient to run its business in the long run, as well as to potentially bring in more revenues from other IT services such as cloud computing, data mining, and crypto mining." Mr. Ng further commented that the Company will also could consolidate all of its gross revenues previously recorded under PT. Kinerja Indonesia as part of the Company's overall gross revenue."
KFUND page no longer on id.linkedin
The hits keep coming.
Yes, KMALL is still gone. Over a week now.
Be advised: This company may be done
Everyone knows you buy at your own risk.
I'm trying to help anyone thats thinking about buying. Read all my posts, if you think it's still a good buy, it's on you.
Don't read the chart, there's nothing to read.
If your holding out for a PR about a coal shipment, good luck. There may be a PR, but it will look like the others with no substance, or verification of any revenue into KPAYs account.
If you think SAM is going to save the day, forget it. Wait until the OJK looks at foreign investment coming into a business attached to KFUND.
Really your best bet is to talk to someone about freezing KPAYs US accounts. Not like there's anything of value. Maybe the 2 or 3 convertible notes.
Kmall.id no longer coming up in Google Search
Reposting:
John23V Thursday, 02/18/21 07:23:32 PM
Re: None 0
Post #
10299
of 10478
KPAY done by end of month?
Let's start with KFUND:
https://kfund.id/about_us
1.The CBO walked at the end of December.
2.Windy Johan letter of resignation 4/27/20
3.The Lending Manager walked in June
4.The Customer Service Supervisor left in October
5.The HCGA manager left in October
6.The Product Development Lead left in September
7.The Finance and Accounting Supervisor left in October
7.The Full Stack Developer and the Sales Portfolio & Business Development Executive both have second jobs at PT Aeon
#1 & #3 were real bad. They had to have these guys to get the lending permit. The OJK required a certain amount of experience in the lending field as part of the requirement.
The last response from KFUND to a review in the PlayStore was 10-12-20
They never issued a new version of KFUND
They sold the building in March.
Onto KPAY itself:
Look at the newest review on the KPAY app in the PlayStore. From 5-28-20: (Translated)
"PAY EMPLOYEES 'SALARY
May 28, 2020
1
Comment on Hide with KPAY, afraid of embarrassment. Even though the fact is that the former employee's salary and layoff allowance (NOT BECAUSE OF KORONA) have not been paid for almost half a year. Also contacted, the PT turned away as if ignorance was not his concern. there is not a hint of guilt. disabled application"
Did you notice www.kinerjapay.co.id doesn't exist anymore?
KMALL
1.The Finance and Accounting Supervisor left January 2021
My personal opinion is Edwin couldn't write notes anymore because the brokers couldn't sell anymore shares. This probably happened sometime 2nd to 3rd quarter last year. Employees began to leave, especially if they weren't being paid. This coal thing could either be real, or it could be Edwin trying to unload his personal shares before shutting the doors.
This should be pinned. No one should be helping Edwin unload his shares.