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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 superstar1976on Sep 19, 2012 1:16pm
201 Views
Post# 20386431

Answers to my questions....

Answers to my questions....

courtesy of Ryan at Selectcore:

On 2012-09-19, at 10:13 AM, wrote:

Thank you for answering my questions regarding the financing, so I have a couple more questions to ask.
1) What will the proceeds from the PP be used for? I have lost significant money owning Selectcore shares and am concerned about the future liquidity of the company.
The use of proceeds is outlined in the prospectus. Primarily working and growth capital to support multiple programs in the pipeline.
2) With the implementation of the City of Toronto contract, when can shareholders expect to see the benefits show up in the companies financial statements?
Q3 - Q4 this year
3) How long does Selectcores cash balances allow for the company to maintain operations?
Perpetually
4) How soon can we as shareholders expect news of new contracts with high margins that will improve the balance sheet?

Near term. Unfortunately cannot disclose particulars.

5) When does Selectcore estimate it will have a positive cash flow and turn a profit?
We unfortunately cannot provide revenue / financial guidance unless it is disclosed publicly.

Thanks.

Tel: 1-800-584-8819 Ext. 105
Email: investor@selectcore.com

Bullboard Posts