Replies to post #10394 on KinerjaPay Corp (fka KPAY)

[jabberssd]

I applaud your efforts and abilities to root out information about KPAY. Edwin is following his proven tactics of PR's implying big things but delivering none.

Summary
PR December 14, announced the coal contract that if not fulfilled by the end of December would be considered breach of contract. December has come and gone with no coal, not even one lump for Charlie Brown and no news if the contract was renewed or dead.

PR January 21, No mention of the contract or any new contract however the loading schedule has been confirmed to begin from early February to completion on or before 28th February 2021.

PR February 21, announced a letter of credit to be used to pay for the coal shipment. It is noted that the letter of credit is valid only between the dates of February 20th and February 28th the loading dates for the coal.

Background
***** PR Dec 14, 2020 *****
… has signed a new Indonesian bituminous coal contract with a China Construction Investment Group (Ningbo) Trading Co., Ltd. for a contract to supply up to 2,000,000 MT within the next 12 months.
… Vessel at East Kalimantan, Indonesia, for a total Shipment Quantity of 80,000 Metric Tons. …

The contract from the SEC filling 8-K 12-14
http://app.quotemedia.com/data/downloadFiling?webmasterId=102859&ref=115496431&type=HTML&symbol=KPAY&companyName=KinerjaPay+Corp&formType=8-K&formDescription=Current+report+pursuant+to+Section+13+or+15%28d%29&dateFiled=2020-12-14&CK=1494162#ex10-39.htm
Section 2.1 Delivery Time : December 29th, 2020
“… Failure by the Seller to deliver the goods latest by December 29, 2020 shall b? deemed as breach of contract. “

***** PR Jan 21, 21 *****
No mention of the breach of contract however:
… The loading schedule has been confirmed to begin from early February to completion on and before 28th February 2021, as stated as the Latest Date of Shipment on the Letter of Credit. …

***** PR Feb 9, 21 *****
A letter of credit:
“…today announced that the Company received its payment mechanism in the form of a Letter of Credit (L/C) from its Buyer to ship Coal Grade NAR 3,800 kcal/kg (ARB) to Tianjin Port, China. …”
Note, the letter of credit is only valid between the dates of February 20th and February 28th

“…The laycan period, usually expressed in the terms of layday and canceling dates, is scheduled to be from 20th February to 28th February 2021, …”