KinerjaPay Corp (fka KPAY)

[jabberssd]

Those are shares being issued to the Toxic debt holders because KPAY can't pay back the loans, so the lenders exercise their right to be paid in worthless shares. That is why the total OS shares is over 2 billion shares, so much of the debt KPAY incurred was converted to shares. The volume of share sales is usually the toxic debt holders unloading the shares. Why do you think the share price has been dropping since Edwin announced the 3rd shipment "has been scheduled" but no announcements of delivery or payment? Edwin never confirmed payment for the 2nd and never announced any shipments after the 3rd.

The original contract was issued in December 2020. It had an automatic cancellation clause if any shipments were delayed. He should have completed 9 deliveries as of this month. He has only confirmed 1 shipment (if in fact there was a shipment delivered). I personally think he delivered 1 shipment but lost the contract because of delays.

Edwin is a scum bag and don't be surprised that he comes up with some other scheme to try and pump the price of the stock.

Ask yourself why he has not brought his SEC filings up to date if any of the shipments have been delivered. If he received $10M for the first shipment that should have had enough profit to get his financials in order and posted at the SEC.

Once again, I have tracked the 2 cargo ships he listed for shipment #1 and #2 and they move from port to port without any delays. There is no stacked-up cargo ships in China. Only in the US are there cargo ships stacked up to be offloaded because of Covid.