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 FmrAnalyston Aug 26, 2011 7:28am
375 Views
Post# 18981420

RE: Amazed...

RE: Amazed...Hello FoxTek. I'll try to answer your question without inciting a fight on this board. The reason why many feel that Q2 will be a make or break has much to do with the manner in which the stock price increased in the first half of 2011. It was a pretty meteorite rise from 6 cents up into the 70's. That is a huge percentage increase that was fueled largely by non financial press releases that inferred growth in sales and profits. Q1 was a real eye opener for many, as the illusion of continuous exponential growth was shattered. Sales, margins and profit were much lower than what many inferred through the hype. The market has spoken and the share price has dropped significantly and possibly lower than it should have. To many, Q2 results will provide the impetus to stay on board or abandon ship. Not unlike other companies that were hyped, investors lose interest fast when they feel they have been mislead by management, even if the misleading resulted from inferred content within press releases. In my opinion if Q2 is bad the stock price will fall to 12 cents and that will be the starting point for the company to rebuild share price and respectability. As a former colleague noted, the first six months in 2011 was essentially a free ride for management. From Q3 forward management has to earn every single increase in share price. I recognize that my views may sting, particularly for those with much a much higher cost base. But if there truly is a profitable business for this company, it will be earned over years and not months.
Bullboard Posts