| - Shady - Check - AI- Check - Small Float -Check - Blockchain - Cherry on the cake Here's some background of the promoter.
Venkat Meenavalli is the CEO of the Longfin.
Here's the brief background for you to understand. - Promoted another listed company North Gate Technology in India, name changed to Green Fire Agri Commodities touched a price of Rs.1587 in 2007 and now it trades at Rs.0.59 - Promoter of Ziddu.com owned by Meridian (Singapore based company owned 95% by Venkat) was a file sharing website (see internet archives) and was paying people to host content. Most of it was just pirated content like megaupload and rapidshare - Promoted Stampede Capital which is part of the transaction in LongFin in India listed at Rs. 33 currently trades at Rs.7.5 and Usha Meenavalli (promoter group) has been selling 100k+ of shares every month since January 2016, supposedly to fund the listing of the company in Singapore. As a reminder, there are no financials of this company LONGFIN, no regulatory details on shares outstanding, and no direct evidence of a business model that makes any money. Currently under investigation for insider trading. |