Happy Sunday Phoenix, have a ticker here for the group to take a peek at see what you think.
FPWM nice low float play, converted out of a shell last summer and did a 10000:1 split then kind of went dark. But the good news is they don't seem like they want to be a scam paper selling company. I believe they did the split to get the pps up in the dollars range and want to keep it that way. Anyways they updated their website this weekend. Sounding like news is finally coming soon!
"1st Prestige Wealth Management is expanding… 1st Prestige Wealth Management, is an emerging leader in “FinTech” and branding connecting 300 million middle income Chinese consumers to insurance, financial planning, wealth management and related products and services. The Company serves a dual customer base of both B2B and B2C clients. Additionally the Company offers a Business Opportunity for established offices and individual “Brand Affiliates”. Expansion through acquisition has commenced with the acquisition of EmLink Technology (Beijing), a nationwide provider of a technologically advanced, comprehensive, online back office operations and marketing system for insurance intermediaries. 1st Prestige will release its B2C mobile app in 2015 allowing consumers to buy, sell, manage and research wealth management products and services. In complement to its Mobile App outreach to consumers, the Company is acquiring offices and licensing affiliate owned “1st Prestige Wealth Management” branded offices. China’s private wealth, currently in excess of $20 trillion is projected to reach $40 trillion by 2018. The Company is placing its emphasis on serving China’s 300 million-person market of middle income and upper middle-income consumers. This population is growing at 15% per year and is projected to total over 600 million by 2025 and 1.5 billion by 2050." http://www.1stprestige.com/
Looks like an acquisition and app release are both in the pipeline.
Will be a play to watch in the near future here, if they drop a nice PR and it gets noticed there isn't a lot on the ask to stop this from running nicely. All just IMO.
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