Fintech Select Ltd. V.FTEC

RE: RE: RE: Inside Buying ...is it really?

[bullrider2012]

 

 

Daytrader88 said:

 

"They'll be cash flow positive by q2, read the prospectus."  I can read but there are more than a few who are concerned that the largew working capital defecit will get larger as purcxhases from the major carriers decline.  This is the catch 22 of changing their business model from the legacy business to the Irdium card business.

 

It wouldn't be too smart of hem to release new contract awards during tax loss season, I'm sure a slew of new contract awards will be announced within the next few weeks. Actually securities law requires them to news release anything of significance when it happens.  I assume they are law abiding and as such nothing significant been won.

 

The City deal opens the door for much bigger contracts...now that they have credibility they can scale the investment they made to handle social assistance programs.  The more contracts the more scale.  I agree unless the low share price, huge losses and negative cash position diminishes their credibility.

 

it they are cash flow positive by q2 it must mean that they got lots up their sleeve that we don't know about.  Insiders will be buying large now come January. I hope so.  I also hope that when insiders buy they file their SEDI reports.

I still want answers on Conquest and iSign, two major reasons I bought this stock. I am under the assumption that both of these announcements have not panned out.