Tenet Fintech Group Inc. C.PKK

WOW!!! New CAD$385M Purchase Order Agreement

[Giuseppe1]

When are we getting paid!  

Asia Synergy Technologies Poised to Ramp up Revenues with New CAD$385M Purchase Order Agreement
C.PKK | July 11, 2016

Montreal, Quebec--(Newsfile Corp. - July 11, 2016) - Peak Positioning Technologies Inc. (CSE: PKK) (OTC Pink: PKKFF) ("Peak" or the "Company") today announced that its Chinese subsidiary, Asia Synergy Technologies Ltd. ("AST"), and Guangda International Construction Engineering Corporation ("GICE") have signed a purchase order agreement worth RMB2 billion (approximately CAD$385M) over an 18-month period.

https://stockhouse.com/news/press-releases/2016/07/11/asia-synergy-technologies-poised-to-ramp-up-revenues-with-new-cad-385m-purchase

[Giuseppe1]

Where is the money from this deal???  CEO Johnson, what happened to the $385 million?

[lscfa]

The business model changed from 2016, dumbass......

[Giuseppe1]

so let us understand ... they changed their business model and just walked away from $350 million? what kind of decision is that?

[MIKERRRR]

All of those Gold River purchase orders were cancelled in early 2017 after Peak recognized profit margins were far too slim... As you might recall, they originally anticipated a 4% margin on the first $500M in business ( $20M profit ), but after processing the first $60M of sales in Q4 2016, it became clear that significant changes needed to be made ( I don't think they even made 1% on that

[Giuseppe1]

so they couldn't have 4% so they would not even settle for almost 1% of $350 million of a signed agreement? why would we walk away from that? that doesn't make any business sense if the deal was signed.not exactly the best business strategy

[MIKERRRR]

Clearly, you're able to dig up super OLD News Releases, so feel free to look for the very CLEAR explanations that Peak also provided at the time they made these changes... It actually made a great deal of sense to walk away from that original headache of a plan...