Otc Market Plays

[NokiDedy]

$KPAY is continue Scam and updated news

KPAY is late for their SEC Report

Look at their SEC filing dates, they are late for One year and more
http://www.otcmarkets.com/stock/KPAY/filings

FORM 10-Q/ A
Availability of Additional Capital


Notwithstanding our success in raising over $952,000 from the private sale of equity securities during the nine-month period ended September 30, 2017, there can be NO assurance that we will continue to be successful in raising additional equity capital to fund our operations. If we are UNABLE to obtain adequate capital resources to fund operations, we may be required to delay, scale back or ELIMINATE some or all of our plan of operations, which may have a material adverse effect on our business, results of operations and ability to operate as a going concern.




Going Concern Consideration


Our registered independent auditors have issued an OPINION on our financial statements which includes a statement describing our going concern status. This means that there is substantial DOUBT that we can continue as an on-going business for the next twelve months unless we obtain additional capital to pay our bills and meet our other financial obligations. This is because we have NOT generated any revenues and NO revenues are anticipated until we begin marketing the product. Accordingly, we must raise capital from sources other than the actual sale of the product. We must raise capital to implement our project and stay in business.

Evaluation of disclosure controls and procedures.


As of September 30, 2017, Based upon the evaluation of these controls and procedures as provided under the Committee of Sponsoring Organizations of the Treadway Commission in Internal Control-Integrated Framework (2013), our chief executive officer and chief financial officer CONCLUDED that our disclosure CONTROLS and procedures were INEFFECTIVE as September 30, 2017. Management has identified corrective actions to address the weaknesses and plans to implement them during the fourth quarter of 2017.
Capital Expenditure Plan During the Next Twelve Months


During the nine-month period ended September 30, 2017, we raised $952,000 in equity capital and $150,000 through borrowings on debt. We may be expected to require up to an additional $1.6 million in capital during the next 12 months to fully implement our business plan and fund our operations.
Our revenues are expected to come from the sale of our portal services. As a result, we will CONTINUE to incur operating LOSSES unless and until we are able to generate sufficient cash flow to meet our operating expenses and fund our planned sales and market efforts. There can be no assurance that the market will adopt our portal or that we will generate sufficient cash flow to fund our enhanced sales and marketing plan. In the event that we are not able to successfully: our financial condition and results of operations will be materially and adversely affected and we will either have to delay or curtail our plan for funding our sales and marketing efforts.

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In Nov 2017, they release news for will go into business P2P Lending,
No realization, and has no License

In Dec 2017 and Jan 2018, announced they will go to Blockhain n Crypto business.
Indonesia country ban Crypto and is illegal to do business crypto.

Since 2010, KPAY operate e-money business but had not UNTIL NOW has permit/license from Central Bank.


Last Year

KinerjaPay Corp. known in ticker as KPAY in OTC markets
KPAY had only One operation subsidiary in Indonesia country, PT KinerjaPay Indonesia,
100percent of revenue come from this subsidiary.
This subsidiary had no compliance in Accounting and Financial Statements.
They sell DataPlan and Prepaid via other company and book revenue in their books since January 2017 til now.
Please Authority check and Audit their finance records.
This other company sell with 30percent subsidies, sell below cost just to generate traffic transaction.
Loss USD 30,000 monthly
And book as income in Kinerjapay, actually is other comapny revenue.

Also PT Kinerjapay Indonesia currently under IT audit from Central Bank of Indonesia,
They operate electronic wallet without license from Regulatory,
Now under suspend for six months to come under Central Bank IT audit scrutiny, but did not report in their Quarterly statement to OTCmarket.
Effectively KPAY has no transaction or revenue, and is empty company.

Kinerjapay Corp also had no longer CFO listed in OTCQB, but had not reported into OTCMArkets.com

Investors be caution !!