At some point you have to turn the page. New company. Everything from the start of 2019 in Edwins mind was based on him thinking he was going to have a p2p permit. They issued a PR on 9-13-2018 that they were launching KFUND. He picked a hell of a time to launch a p2p business. The AFPI was created, along with a new registration process, and he had to play by the new rules.
If he would have started in early 2018, they could have been grandfathered in under the old process.
The timing of the Wahana deal lined up with them receiving a permit in early 2019. Whether Wahana could never get their collateral monetized, or walked away because no p2p permit, we'll probably never know. It would make more sense to me that an investor would pour that kind of money into a cash making machine like p2p, than an ecommerce and prepaid mobile business.
You got the PR about Gabriel on 10-23-19. Which we heard hasn't died yet. I did as much looking into Gabriel as possible. I think I have a good idea where their money was coming from, but it would be a guess. We heard shortly after that the p2p was on its way. Probably the same reason Gabriel was interested.
Now Infinity. We have a permit. They are offering $30 mil to cover the bank guarantee. If you notice, which I'm sure you didn't, Edwin had to sweeten the pot. The share price since Gabriel has dropped big time. Your asking someone to hold on to convert at $1.80. He had to increase the interest to 7% from the 6% offered to Wahana and Gabriel.
I understand anyone that has bailed. This is about as big of a speculative pick you can make. I've "only" been in for almost 2 years. The p2p is why I didn't bail.
