Tenet Fintech Group Inc. C.PKK

I like AP - Cubeler an empty box

[jetfuel10X]

@AP @theComedian, @damian13ster is right in essence. Chiniese registered capital regulations, combined with profit rapatriation and capital control policies, make it more than anything a one way road. Especially in a stacked up corporate structure such as the one PKK has. FYI, the regulation stipulates (as of 2020) that in order to rapatriate profit you must: 1) Have paid in full all registered capital amounts of your corporate structure (upward) 2) Have a 12-15% emergency fund set aside and audited by tax authorities 3) Have paid in full your yearly taxes (effectively, there is a 2-3 month window each year where you can repatriate. This is thightly regulated.

@AP As for Cubeler, I am sorry but any comments that "delays as it had to be adapated to our business model" will laugh me out of the room. Cubeler was registered at the VERY same adress than PKK / Tenet. The teams were effectively working out of the same room. Don't get me started on the quality of the Cubeler-core team, as I again I won't be able to catch my breath.

@AP Cubeler is an empty box. Which insiders sold to themselved for 100M, then wrote it down 50% to the loss of shareholders and the balance sheet. I mean, the platform was not even online. HAve you seen an independant valuation of that thing? Have you tries it? Do you know how many active users where registered? Since when does an empty box is valued at 100M?