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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
Post by ripantuckon Jun 28, 2011 1:04pm
375 Views
Post# 18774640

Big Picture

Big PictureI was going to post this yesterday, but with all the panic going on, I didn't think it would be worthwhile.  It is a fact that most companies on the Venture exchange have no revenue, let alone profits and will NEVER have any profits.  We are usually looking for one that will develop into a profitable ongoing business.

SCG has substantial revenue, it is growing at an incredible rate and it already has profits, and more importantly substantial positive cash flow.

That leaves only two possibilities for its extreme SP weakness, 1)* Panic probably combined with market manipulation, or 2) Something fraudulant about its reporting or its prospects.

One nevers knows for certain if 2) is going on , but in this case I believe the probability is very low.

Therefore, unless you have concerns about some sort of fraud*, these low prices are a gift that any of us can choose to accept or not.  There is simply no other possibility.


Rip


* There is also the possibility that this panic is fully justified in which case the best move is to buy gold bullion and hide it.
Bullboard Posts