Tenet Fintech Group Inc. C.PKK

Misleading 40F filling mean

[jetfuel10X]

Misleading SEDAR filling as a 40F is a cut and paste of Canadian filling;
Up to now - no amendement was filled in Canada - 
That is why OSC don't give the go ahead
TENET received a T12 halt - Never in history a T12 halt was relisted in NASDAQ

According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose: (1) Tenet Fintech did not own 51% of Asia Synergy Financial Capital Ltd. (“ASFC”) through Wuxi Aorong; (2) Tenet Fintech did not disclose its actual ownership structure of ASFC, an undisclosed and potentially problematic nominee shareholder agreement; (3) Huayan did not own the Heartbeat platform; (4) the Heartbeat platform did not exist prior to the alleged acquisition; (5) Tenet Fintech faced imminent delisting from NASDAQ due to non-compliance with known regulations; (6) the “recent disclosure guidance” was in fact published on November 23, 2020, nearly a full nine months prior to Tenet Fintech’s uplisting; (7) as such, Tenet Fintech knew or should have known that its 40-F submission was deficient; (8) Cubeler historically failed to make even minimum loan repayments to Tenet Fintech; (9) Tenet Fintech, instead of exercising its right on the assets, decided to purchase Cubeler; (10) in light of the foregoing, and in consideration of the fact that Cubeler is owned by several Tenet Fintech insiders, the Company’s acquisition of Cubeler is not based on legitimate business interests; (11) there is no evidence Huayan ever owned the Heartbeat platform or that it transferred the asset to Huike; (12) the largest ASFC shareholder had his shares frozen due to court sanctions; and (13) the creation of ASFC itself was likely a related-party transaction. When the true details entered the market, the lawsuit claims that investors suffered damages.

 

[lscfa]

WTF you talking about? Amended prospectus filed on sedar Dec 23/22.

[jetfuel10X]

I am not talking about the prospectus but PKK management discussion in 2020-2-21 on Sedar;  That's the reason why SEC not giving his greeen light And that probably what OSC reviewing IMO

[PunkRocky]

Oh yeah? That's the reason? Do you work for the SEC or OSC?  I doubt it.  Ah yes... your "opinion".  As Mary Hill stated. we took in a 7 million dollar financing recently. That's a vote of confidence right there. We just need patience. China business is ramping up as Covid restrictions are being loosened week by week. PR

[jetfuel10X]

No one put 7m $ - Have you seen the cros in the market for the same amount; Ponzi scheme - $ coming from the 44m $ transfert in China last year; Of ourse IMO

[prested]

Sounds like a total FU. Easy to  see why shareholders are fleeing in  droves. Either there is a carefully orchestrated plan to destroy the company or they are indeed completely incompetent. Whatever, this will take  a very long time to sort and the SP will float down all the while.