Monday, October 29, 2018 3:04:28 PM
"EDGARization is the process of converting parent documents - MS Word, MS Excel, PDF, Word Perfect, etc - into acceptable SEC EDGAR ASCII or HTML format. Once EDGARized, the documents can be submitted to the SEC via the EDGAR system." GIFX's financials are ready to go imo! This means financials are completed people. They just need a reformat to align with US SEC standards. This is an International company. no wonder it has taken so long to even produce such documents. I still think towards the end of November is when we will get our GIFX hay day. As for the PPS it will probably rise till we get to that point.
Also i have been thinking about this for awhile now and hope someone may have a different perspective about this. Back in May, from scotland yard news, a article was written that Gifa extends its services to a new country, india. I was thinking that our company GIFA.... instead of divesting FIREFISH out of the shell. I think KISA wants to keep firefish and keep the existing business but start financial services within the existing company. This is probably to fluff up the company and create a larger valuation at the end of the day. Also the negotiations mentioned in the September press release could be pertaining to this matter. I have emailed Aul several times since then to clarify this information. These NEGOTIATIONS were being conducted in this 2018 year. Not being correlated to the financials posted in the summer. CONCURRENT to this year. Negotiations must be over and its almost time for this to explode again imo. Any thoughts on the matter or suggestions?
http://www.scotlandyardnews.com/gifa-finance-extends-its-financial-services-to-indian-companies/2711/
Also if i were to evaluate the company id evaluate them based the amount of taxes GIFA randomly was subject to pay way back when. which was..
$ 111,583,000 million TL
Corporate tax is 12.5% in northern cyprus...
111.583 million TL / Divided by .125 tax ==== 892.664 miilion TL
convert to USD that would = $ 160,701,836.60 USD
160,701,836.60 dollars / 160,900,000 shares = $ .9987 share price.
Obviously its hard to evaluate a company without posted facts and financials, but regardless GIFX is extremely undervalued. I'm holding till the end of the Year.
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