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Fintech Select Ltd. V.FTEC

Alternate Symbol(s):  SLXXF

Fintech Select is a provider of pre-paid card programs, an online payment platform, and a POS cryptocurrency platform that all are in-house developed platforms. The company also operates a multi-lingual call centre that provides services to customers across all its platforms, and to third-party customers. These core assets have been unified and enabled to operate through separate divisions, all harmoniously working together to create a new environment for consumers and businesses alike.


TSXV:FTEC - Post by User

Bullboard Posts
Comment by Saturn4on Mar 03, 2011 4:03pm
226 Views
Post# 18227522

RE: Question ...

RE: Question ...The reason I ask is quite important.  The Company paid down 1.25M of the load in Q4.  Where did they get the money?
I don't see any PP or any news of another loan.  I can think of two other scenarios ... 1) Through profits 2) they didn't use the full amount of the loan and paid 1.25M back.  If the Company paid the loan through profits, that would mean it is doing quite well and we might see some BIG numbers on the financials ... that may be another reason why the Company did not commit to borrowing more money to pay down the load in the NR since it might have the money already??  Things that make you go hmmmm..... Any other comments are welcomed since I may be off base here ...
Bullboard Posts