Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

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 sharmouthon Mar 22, 2011 10:26pm
174 Views
Post# 18325536

RE: RE: RE: Thanks

RE: RE: RE: ThanksI know people here have concerns about the loan terms but you have to be realistic. Highrider, you say you have a credit line @3% which you don't have to give anything away to get. I beg to differ. I'm sure your credit line is backed by some hard asset, like your home, which the bank can attach to if you default. No bank will give a 3% unsecured loan. Ask your bank for an unsecured line of credit and see what they say. They will probably hand  you a credit card application which bears 18% interest. Selectecore in essence has an unsecured loan for 4 million. Yes, the interest rate is a bit high, and they had to issue shares to back it. The alternative would have been a massive dilution which would be more damaging IMO. There is also concern that the loan is due in a relatively short period of time. Has anyone thought there may be a reason for this short term loan? My feeling is SCG believes they will be able to pay it back from operations and did not want to have a long term commitment in place. I could be wrong, time will tell. Point is, any NR can be spun depending on whether you looking to buy, or looking to buy lower. if you are not looking to buy, you probably need to try another board.
Bullboard Posts
USER FEEDBACK SURVEY ×

Be the voice that helps shape the content on site!

At Stockhouse, we’re committed to delivering content that matters to you. Your insights are key in shaping our strategy. Take a few minutes to share your feedback and help influence what you see on our site!

The Market Online in partnership with Stockhouse