Replies to post #7093 on KinerjaPay Corp (fka KPAY)

[M24]

Kpay is going to do 100 to 1 not 8 to 1. Stop dreaming and they tried to slip this in last day of the year when no one was watching. One scam, fraud or something like this( which unlike the fraud they committed they can get away with) after another. The whole fraudulent thing with Wahana and then the scam with Gabriel is what has led to this so the reverse split is a result of the scams they already did.

[236T568]

Actually, no

look for a 1:100 REVERSE SPLIT to be effected by KPAY early in January 2020

and then

another 95% drop in KPAY stock price in the coming months after that

From the 14C:
"The Board of Directors decided that it is in the best interests of the Company and its stockholders to extend the time to determine the ratio and timing of the Reverse Split in order to: (i) evaluate the success of its capital raising efforts; and (ii) the growth of its operations during the period."

So I don't know if this means they want to wait until after the 1st quarter to see how KFUND is doing (growing), and also to see if any investors come along in the 1st quarter.

I went through a 1 for 8 reverse split with Contravir in 2018. They announced it on 5-24, and did the split on 5-29. So at least there was some time to prepare for it. Make sure of your broker reorganization fee.