KinerjaPay Corp (fka KPAY)

[John23V]

From $4,120,000 to $2,100,000

Had a signed contract for USD $51.5MT. No one bothers to ask why this contract wasn't executed?

Have a look:
https://www.prnewswire.com/news-releases/kinerjapay-signed-indonesian-coal-contract-worth-103-million-per-year-in-revenue-with-china-construction-investment-group-ningbo-trading-301191896.html

Now were shipping for USD $30MT.

Have a look:
https://www.prnewswire.com/news-releases/kinerjapay-scheduled-its-first-coal-shipment-from-east-kalimantan-starting-early-february-301212385.html

Edwin says he's still going to do 2,000,000 MT, but also states in the 2nd PR "The Company Expects to See More Coal Shipments throughout the Year. Estimated Operating Profits Still Forecasted in Excess of US$10 million from the Contract(s) in 2021"

The original profit margin of $9.8mil was based off USD $51.5. So he's now going to double the coal shipments to keep up with his $10 mil profit forecast.


He signed the contract on December 2nd. In the last month in a half, he still didn't get the export license taken care of.

Hello? Anyone paying attention?