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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

Comment by jetfuel10Xon May 02, 2022 10:10pm
189 Views
Post# 34649843

RE:RE:48 m loss

RE:RE:48 m lossThat was the reason of the Delay;  Grant Thorton simply say to investors that they were screw in those transaction and simply take an immediate loss; few months later -  You can forget NASDAQ and TSX

jetfuel10X wrote: As at December 31, 2021, management revised outwards the timeline for its forecast of Heartbeats expansion phase and consequently revised downwards its estimates of fiscal year 2022- 2024 revenue growth for the Heartbeat business. Management concluded that this downgrade of the economic performance of the Heartbeat CGU met the criteria to assess the business for impairment,

As at December 31, 2021, management also revised it's forecast of Cubeler’s North America expansion, significantly reducing the level and expected timing of revenue growth over the forecast period (“North American Business Opportunity”). Management therefore concluded that the economic performance of the Cubeler CGU may be lower than expected and this thus meets the criteria to assess for impairment.


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