I had to average down with a 70,000 buy today from my 25 cent holdings.
Anyone know why they are late with the Condor Stocks? I would think they are 3 weeks late on this.
Maybe that is why they are acquiring 51% equity interest in AD Advisory Services Pty Ltd. ("ADSL")
The acquisition highlights include:
Topline growth with annualized forecasted revenue run-rate of over $5.91 million in fees from wealth management business.
$540 million funds under management (FUM) through approximately 28 licensed advisers with 20 offices across Australia.
Access to the Australian Financial Services License (AFSL) enables the Company to provide a wide variety of financial services, including but not limited to financial product advice for various asset classes and deal in financial products with retail and wholesale clients.
Access to the Australian wealth management market, the fourth-largest in the world valued at over $2.1 trillion, and other Association of Southeast Asian Nations (ASEAN), a group of ten nations with favorable trade and regulatory relationships with Australia.
A platform to execute the Company's merger & acquisition strategy in the Australian independent dealer group and digital wealth management market to potentially add significant revenue growth, FUA, FUM, and other economies of scale.
"We have built our business around our clients by transforming their financial well-being through our highly educated and compliant focused financial advisors. As we merge with FDCTech, we will forge a digital wealth management company to reduce the cost to serve clients while providing comprehensive financial planning advice," Jonathan Thomas, CEO, AD Advisory Services Pty Ltd.
FDCTech to Launch Simplified and Gamified Condor Stocks & ETFs App for Stocks, ETFs, and other high-growth financial securities
28weeks ago
Despite the impact of the recent pandemic, the financial markets have witnessed growth in private sector wealth and trading activities due to government spending, low-interest rate, growing retail participation, the democratization of investing and information, and the adoption of digital assets.
Irvine, CA, July 06, 2021 (GLOBE NEWSWIRE) -- FDCTech, Inc. ("FDC" or the "Company," OTCQB: FDCT), a fully integrated financial technology company with a full suite of digital financial services solutions, today announced that it expects to launch the Condor Stocks & ETFs App ("Condor App") for Stocks, ETFs, Commodities, Crypto, and other high-growth financial securities. The Company expects to launch the app by the end of the fourth quarter for fiscal 2021.
The Condor App will be available to download at Google Play and the App Store. In addition, a web version will be available for end-users. The Company has completed the techno-feasibility of the Condor App around the lessons learned from the recent launch of similar technologies through special purpose acquisition companies (SPAC) or upcoming initial public offerings (IPOs). The Company expects to build the next-generation trading technology, multi-jurisdiction market access, transparent revenue model, and disclosures of any conflicts1 between end-users ("Investors"), the Company, and its liquidity provider. As a result, the Company expects to deliver a cost-effective and seamless experience, distinct from existing offerings.
