Tenet Fintech Group Inc. C.PKK

RE:RE:RE:WTF going on with the cash position?

[jetfuel10X]

FYI - Norbourg filed for over 4 years audited statement until  the scheme was discover

Iscfa - you can play with number as you want - that's only still number on a sheet;

The statement say that 44m was transfer to  third parties - yes it is figure in your working capital but cash is out,

And if that third parties is in China - what happen if they decide to keep the $ - What is your legal option? Sue the third partie in China - GOOD LUCK

jetfuel10X wrote: Yes but 44m of the working capital was transfered to independants third parties  ( In China ? ) and is not in PKK control anymore

WTF going on - How come you send 44m out of your control and in China - What are the guarantee

Something wrong here 

Assumption : Anf if that money was use by the third parties to be re injected in pkk china subs to create an EBIDTA 

Is it responsible and ethic to send more than 2\3 of your cash to indpendant subcontractors?

One thing sure - 44m get out from PKK bank account in Canada !

lscfa wrote:

It's deployed in working capital, numbnuts....
 

 

	Current assets	Current liabilities	Working capital
Dec 21	94,401,588	20,326,600	74,074,988
Sept 21	89,817,050	18,204,500	71,612,550
Jun 21	60,908,668	30,995,451	29,913,217
Mar 21	53,959,775	25,853,465	28,106,310
Dec 20	53,322,916	28,272,562	25,050,354

 

 

jetfuel10X wrote: Net proceed of last summer financing. 46m  ( cost of financing 8m ? )

Cash after third quarter.  36.3 millions

Cash after forth quarter 18.8 millions

Deposits made to third parties regarding transactions on platforms.  32.6m   - zero in 2020 

Prepayment to third party subcontractors.  11.4m.  - Zero in 2020 

Cash flows from operating activities.  negative ( 40.8m )

Is 44m was transfer in China?

Who is that third parties

Who is that subcontractors?

If china Ebidta positive - why having tranfer 44m ?

How Cubeler Canada will be finance?