Monthly report Number of Outstanding Listed Securities: 122,186,721
Date: January 31, 2021
After having spent a considerable amount of time and energy to finalize the Issuer’s partnership agreement with China UnionPay subsidiary Rongbang during the previous period, the Issuer’s management spent time during the period assessing the potential impact of that agreement on the Issuer’s revenue going forward. This was part of an ongoing exercise, which included closely monitoring the flow of transactions associated with the Issuer’s latest programs, and making reasonable assumptions on potential upcoming initiatives, to help the Issuer’s management produce pro-forma financial statements and publish updated forecasts for the Issuer by the end of February 2021.
The Issuer’s management also spent time during the period in discussions with investment banking firms located in California, New York, Hong Kong and Shanghai related to the Issuer’s migration to the NASDAQ and Hong Kong stock exchanges. Those discussions also included the potential 3 to 1 or 2 to 1 consolidation of the Issuer’s common shares concurrently with the move to the senior exchanges. The Issuer’s management expects to reach an underwriting and advisory agreement with one or more of the investment banking firms before the end of February 2021.
https://webfiles.thecse.com/PKK-CSE_Form_7_-_Monthly_Progress_Report_-_January_2021.pdf?vpa42XSJ.SnS2HOOXpOMFH8ZUBSieFIH