Tenet Fintech Group Inc. C.PKK

A victim of too much expectation

[prested]

This stock seemed to offer an opportunity to invest in the Chinese space without buying a Chinese company. But, Covid derailed the promising momentum. The company unprepared for this phenomenem, (no one was), and therefore took a long time to grasp the realities. It is paying for that npow, and likely to lose more value. It is certainly not alone in this. Patience is needed. I don't think babnkruptcy is a likelihood and I suspect the motives of anyone who suggests it. But, we are in for a rough ride IMO.

[daviekin]

COVID did not derail momentum. It ADDED to it. Serge and Martin may have pumped to get PKK off its feet, but even in his own admission Serge said he could have made double of $20 million because he sold way too soon. COVID pumped the CSE, PKK and PKK-like stocks to ridiculous highs. It's not COVID that killed the momentum, it's the CEO's hubris in not financing all he needed at $10

[PunkRocky]

Biden's attempt at trying to ensure China was being transparent with its corporate business practices and whether the state had any influences on them is the reason why Tenet and a couple of hundred other NASDAQ-listed companies who make the bulk of their revenue from China, got slapped with an "investigation" and the delays you see now. The financing would have happened at much