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Tenet Fintech Group Inc. C.PKK

Alternate Symbol(s):  PKKFF

Tenet Fintech Group Inc. is the parent company of a group of innovative financial technology (Fintech) and artificial intelligence (AI) companies. All references to Tenet in this news release, unless explicitly specified, includes Tenet and all its subsidiaries. Tenet's subsidiaries provide various analytics and AI-based services to businesses and financial institutions through the Business Hub, a global ecosystem where analytics and AI are used to create opportunities and facilitate B2B transactions among its members.


CSE:PKK - Post by User

Bullboard Posts
Post by TJECONon May 30, 2014 2:18pm
195 Views
Post# 22615852

Edward Vranic on MobioInsider re PKK call

Edward Vranic on MobioInsider re PKK call Anyone who was on the PKK call hopefully can see what I meant about Johnson Joseph being a straight up person who has a laser focus. This CC was much better run than the first one I attended. The CC was recorded so I think they intend to put it online somewhere. He started with the LongKey transaction and the history of how LongKey got started. Nothing too newsworthy outside of what we already know in the news release. He talked in detail about insider sells and how they are using the proceeds from those sales to support the PP. Basically they are giving up free trading shares for shares that are restricted for a longer term focus. No insider is selling to take profits. He knows that PKK is a penny stock but isn't interested in short term price squeezes that results in long term price declines (I assume he means stories like INT) but wants to create long term value where the stock moves up and stays up. The $2M given to LongKey in the transaction with Peak will be used for working capital purposes - a million dollars goes a long way in China. LongKey profitability is possible by 2015 but by the way he said it, I don't think that was a guarantee. They are most concerned with revenue growth and getting synergies and going after niches between LongKey, Quickable and other assets of Peak. LongKey is currently Salesforce.com type of model with China Telecom. About the financing - they expect the 30M shares closed @ 5 cents by mid June. One venture capitalist from China is interested in participating in the LongKey transaction. The original intent was for LongKey to go public on the Chinese markets but with the relationship with PKK they felt listing in Canada through this business combination was the best way to go about things. Overall a good call and I appreciate how they are very willing to keep shareholders informed of the plans.
Bullboard Posts