CF1 - Complii Fintech Solutions

[System]

On August 25th, 2016, Star Striker Limited (SRT) changed its name and ASX code to Intiger Group Limited (IAM).

 

[Junior]

This stock has done nicely since relisting as IAM a couple of weeks ago. Is it a 'pump and dump' situation? Well, maybe; it is being aggressively pumped up on HC.

However, this company has a big name behind it, former CEO of the Financial Planners Association - Mark Rantall (he is still on the board). They are aiming to bring offshoring to the financial planning industry in Australia to drive down costs. With all the scandals in the industry and major regulatory reform in recent years - compliance costs have skyrocketed and many businesses are struggling with this.

The stock is currently in a trading halt pending announcement relating to "execution of a material
agreement with a leading independent financial planning group". The nature and size of the deal will be telling.

Anyone else following this story?

 

[xtrm]

Far from a pump and dump stock. I see there hasn't been any discussion for a long time but it has come a long way since the last post. MOU2 is due out any day now with one of the big 4 banks and management not only have some big reputations on the line but also won't be making anything out of it if SP doesn't get to 19c. It's curren't at around 8c after being clearly overbrought. A lot of these stocks have trouble pushing past that 10c mark. It hit mid 9's & dropped back with obvious maupulation through bots and broker data shows big dumps & buy backs. Support seems to be arround 8.8 mark. Would highly recommend looking into it.

First post on this forum so, as always DYOR.

 

[56gsa]

IAM released their product 'BOOM' ... the back office portal that's aimed at reducing the of the financial planning profession. Market wasn't so impressed and price dipped .. Market cap $27m, revenue $210k per quarter ... anyone following?

 

[PZ99]

Been watching this since it was 6c - director resignation doesn't inspire confidence, particularly when it was a generic statement copied and pasted from his previous statements.

On the positive side, he didn't sell his shares

 

[Dona Ferentes]

and .... several iterations later

....in a reverse takeover of ASX-listed Intiger Group, stockbroking technology platform Complii FinTech Solutions is one step closer to closing the reverse takeover deal and hitting the ASX boards.
Complii is looking to raise between $5 million and $7 million, which implied a market capitalisation of up to about $15 million; new shares were offered at 5¢ each.

Complii provides technology solutions to the broking industry, digitising things like compliance, capital raisings and account management, to help brokers and advisers save money on staff and time. The company's technology has been used on more than 1800 deals, worth $6.2 billion, as of October 31 this year.

Complii should hit the boards on December 11.

- one for the insiders, I'd think (0.1c to 0.4c after a long time in wilderness)

 

[System]

On December 15th, 2020, Intiger Group Limited (IAM) changed its name and ASX code to Complii Fintech Solutions Limited (CF1).

 

[Dona Ferentes]

CF1 has settled above the 5c restructure point

Readmitted on 16/12

 

[Dona Ferentes]

just taken over RF1 in an all-scrip move.. Still only a $30 million company