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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 bullrider2012on Dec 24, 2012 9:23am
222 Views
Post# 20768771

RE: Inside Buying ...is it really?

RE: Inside Buying ...is it really?

I don't think it really matters if there has been insider buying or not.  For this company to have any northward movement in the share price it will have to address a number of items publicly:

 

1.   An update on the economics of the City of Toronto business.  We know nothing in terms of whether or not it is profitable.  Though the contract was won with much fanfare it could be that the contribution to the bottomline is minimal. A Federal government contract could mean little if the business model is not viable or the legacy business is dragging them down.

 

2.  An update on their sustainability without additional funding.  It's apparent that with the reduction in sales on the prepaid cellular pin business, the AP from major suppliers (Rogers, Bell etc) have decreased, thus significantly reducing cash flow.

 

3.  An update on new business won.  It's almost a year since they announced the "major contract".  I find it odd that they haven't announced anything since then.

 

I could likely come up with another 50 questions but cash flow and profitability are paramount for survival.

Bullboard Posts