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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 electrowingon Jun 22, 2011 9:05am
223 Views
Post# 18748955

RE: RE: Onereality

RE: RE: OnerealityWell here's the thing.  The weak revenue growth was to be expected, since the company has just begun marketing it's pre-paid credit cards ~ we still are awaiting feedback on the 200,000+ cards on consignment in Toronto.  The real news here was the fact that by moving into the credit card biz, the company has enormously improved margins and its profit model, proving beyond a doubt that SCG can easily monetize its offering.  People who look at the 1.3% and call the company on "weak revenues", while overlooking the success story in monetization, have really no understanding of this company's history, or the evolution of a small company in general.
Ironically, some of these people are pretending to be smarter than the rest of us, suggesting that they know better how to interpret financials... Anybody who put any weight on the revenue numbers, while conveniently overlooking the margin story, clearly has no understanding of small business financials. But then you know what they say: "Nobody ever got rich by overestimating the American public."  
Bullboard Posts