Replies to post #5782 on KinerjaPay Corp (fka KPAY)

[jcphd]

Yep- pretty obvious this is a sinking company. Anyone, like yourself or me, that does any serious review of this company finds BS. Beyond what you accurately point out, that the company books show serious deficit, Edwin is being hounded for a failed real estate deal. No one is giving him large amounts of money. The cheerleaders don't really think the company is great, they are just engineering bumps to make money on the stock. At least that is what i think.

[waterson99]

What about these shares he gifted himself for financing that seems to have fell through...

On January 15, 2019, the 200,000 Series E Preferred Shares were issued to Company’s CEO and Chairman, Edwin Ng as compensation for services related to the negotiation with PT. Investa Wahana Group for the commitment agreement for the subscription of preferred stock discussed above. The fair value of the compensation was calculated at $3,559,417, based on 15% of the fully diluted common shares of the Company as of the date of issuance.

[koen2]

Yes the sec regulates also the OTC ,but if there are no complaints ,no investigation.

It's all retail here so Edwin is hoping he can go one with his fillings.
Like i said the fillings are written carefully.

But if a few investors filed a complaint with the sec, i'm sure this is going to be delisted from the QB on further investigation.

So it's up to the investors to do so.

[koen2]

I also don't believe he can find an investors for 200 million.

Or it has to be a acquisition whereby the investor can bring in assets to this company that already are revenue generating .

So it's not unheard of but that kind of investments in a microcap is indeed rare.