RE:news outThe dilution is low and in 18 months but who knows what this move will bring to our business.
servicing approximately $18M in loans. Wenyi offers turn-key credit outsourcing services to banks and other lending institutions in China Following the transfer of Wenyi's operations to ASCS, ASCS will use Peak's Cubeler commercial lending platform to automate the services previously provided by Wenyi which will allow for the acceleration of the number of banks and lenders that the services can be provided to. Mr. Jiangang Qiu, a former Construction Bank of China ("CBC") executive with over 20 years of experience in the Chinese banking industry. This is a big step for Peak moving forward. It allows us to validate the Cubeler business model and instantly begin generating revenue through ASCS on January 1, 2019. Nakate wrote: Well they found a way to dilute us some more, have to wait and see if this caps the share price at 10 cents or causes major pain as the company tries to get profitable.
https://www.stockwatch.com/News/Item.aspx?bid=Z-C%3aPKK-2701501&symbol=PKK®ion=C