Replies to post #21843 on Indo Global Exchanges Pte Ltd (IGEX)

[Nadendla]

what i see in the post ..mostly resounding is..revenues..like i said you CAN'T expect company to show millions or billions of dollars in revenues in 1 year..KINA deal done about .. approximately 6 months back.. so.. give IGEX time ..perhaps we can see different revenues in their next filings which are due..regarding halifax as a middle man.. they are middle men!..like under..

Indo Global Exchange(s) PTE, Ltd.(IGEX).. engages in the development and operation of an online trading platform and brokerage portal in Indonesia. The company has two wholly-owned subsidiaries: International Global Exchange (Aust) Pty Ltd and PT GriyaMatahari Bali. International Global Exchange (Aust) Pty Ltd is based in Australia and was set up for the purpose of entering into the introducing broker agreement with Halifax. PT GriyaMatahari Bali is based in Indonesia and was set up to allow the company to operate in Indonesia under Indonesia law. Products/Services The company intends to commence and develop a proprietary management tracking system that would record and assist its role as administrator and assist clients from their first meeting or call, to funding an account. The company has entered into ‘Introducing Broker Agreements’ with Halifax, Axitrader and FxPro to be its execution and clearing partners. The company also has entered into a client referral relationship and services agreement with TodoHakot. In 2014, the company designed and implemented a white label application on the back of the FxPro Super trader product which would provide an offering, allowing three times leverage to all of its Supertrader accounts. The product would be known as the IGEX Supertrader. Strategy The company plans to offer financial market access to customers in Indonesia, with access to approximately 30 global equity exchanges for trading in securities, and approximately 30 global equity exchanges for trading in Contract for Differences (CFD). These include the Euro Zone, the United Kingdom, Japan, Asia, Oceania, Canada, and the United States. Trading would include approximately 180 currency pairs in spot (cash), forwards and options, gold and silver trading in spot (cash), forwards and options, financial futures, indices and commodity CFD’s and Exchange Traded Funds. Intellectual Property The company owns a common law trademark and logo in ‘IGEX Financial Market Services’...