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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 bullrider2012on Dec 02, 2012 10:23am
261 Views
Post# 20671863

Bridge Loan

Bridge Loan

The only way the company could get a bridge loan is if Windsor Bancorp loaned the funds.  They have all the security tied up and short of an Angel who got back highly dilutive warrants I really can't see anyone else touching this.  Remember that pigs can't fly.

 

I think it is important for the company to reissue the corrected Q3 financial statements and CFO undertaking as quickly as possible.  We really need to know what the company did with the funds they raised.  If the monies went to lowering the aged  accounts payable and paying down debt there may not be sufficient funds to keep the company afloat.  We really won't know until the company issues a subsequent event disclosure, and even then they may make it so vague we won't know anything until the audited financial statements are released on April 30, 2013.

 

Finally, my views don't mean sh.....t.  We'll be able to judge what's really going on by the share performance in the final few weeks of 2012.

Bullboard Posts