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NetCents Technology Inc. (NC.CN)

Canadian Sec - Canadian Sec Real Time Price. Currency in CAD
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0.69000.0000 (0.00%)
At close: 3:59PM EDT
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  • S
    Steve
    Vancouver, British Columbia--(Newsfile Corp. - May 7, 2021) - NetCents Technology Inc. (CSE: NC) (FSE: 26N) (OTCQB: NTTCF) ("NetCents" or the "Company"), is seeking to provide additional information to shareholders regarding the cease trade order ("CTO") issued by the British Columbia Securities Commission (the "BCSC"). On May 6, 2021 the BCSC issued a CTO on Netcents shares pending the submission of the audit and Q3 financial statement.

    Management would like shareholders to know that all of the materials required to complete the audit have been submitted to the auditor for final review.

    Given the complexity and nature of Netcents' business and other factors at play, Netcents was unable to submit the required documents to the auditor with sufficient time for the auditor to conduct a full review before the BCSC's filing deadline. To prevent this from occurring in the future, Netcents is actively seeking additional resources.

    The auditor has estimated that the audit will be completed by May 15, 2021. Once the audit is completed and submitted to the BCSC, the CTO will be vacated. If additional time is required to complete the audit, Netcents will communicate the new time estimate to shareholders.
  • G
    GeekoMatic
    for those that haven’t been in blockchain for long, delayed fillings/audits are common. it’s the nature of the assets they hold (crypto etc) that are difficult to quantify in FIAT terms. this is nothing to worry about, yet and will create a nice dip/buying opp when it’s up and running again. imo
  • B
    BigNoise
    There was over 1.2 mill shares traded in Frankfurt this morning. Down .28 euros.
  • s
    snow
    Another small cap fintech company BIGG.cn is also down . Normally they both are up when BTC is up. Not sure if there is any relation on the news
  • s
    snow
    Doesnt look like it will open today. This has to do something evolving over the weekend.
  • d
    double J
    Need some positive news. Volume has decreased big time.
  • s
    snow
    Delayed filling is worrisome but another Fintech BIGG having the same problem it appears its legitimate and the good thing is the financial results will come out the same time as the stock opens. With recent growth numbers being disclosed i believe the numbers for the quarter will be very good.
  • J
    Julian
    I assume it's very negative. Things like that should be avoided at all costs. I guess a lot of trust in the credibility of the company has been lost and that is only hard restore
  • M
    MCD
    It’s not great clearly, but the real story will be in the actual numbers when released. Not the first young company to go through this.
  • M
    MB
    Is this company finished? What? For late or incomplete reporting usually they just block insiders from trading not whole the market....
  • S
    Share counter 20
    News update :"Our 2021 momentum keeps building with another record month of transaction volume," stated Clayton Moore, Founder and CEO of NetCents Technology. "For our team to continue achieving such significant month-over-month and year-over-year growth numbers is a testament to our ability to execute on our business plan and continued acquisition of merchants and partners and to drive long-term shareholder value." 🚀🔥
    Bullish
  • A
    ABHISHEK
    Netcents is part of Harvest's Blockchain Technologies ETF. It has the smallest allocation but I feel that Harvest must have done DD and must have seen some growth potential here.

    https://harvestportfolios.com/etf/etf-blockchain-technologies-etf/
  • C
    Chad
    Just got in today with a small position @ 1.04. I think even after this run-up today it's still priced very well! Based on 3% margin on transactions PS ratio is only at 12.

    If anyone has any info on what the actual margins on transactions are please share, I couldn't find that in any of the news releases
    Bullish
  • M
    Milan
    $NTTCF guys, i started reddit community now https://www.reddit.com/r/NTTCF/, join us and support
    Bullish
  • d
    double J
    Volume has increased big time. Price supports increase volume too. I see it going over a buck this week.
  • W
    WebAmerica
    Netcents need to merge with a mining company and provide the total crypto package. Can you buy or
    sell crypto through their platform? If not, there's another source of revenue. The stock is like watching paint
    dry...
  • A
    ABHISHEK
    Netcents does not have Bitcoin, Mining, etc words attached to it, that's why it is lagging (only for a time being). People who rush to madly buy whereever they are told by these gurus who always know that it will fly, go after Hut8, HIVE, etc. Many did not even know the difference between Hut8 and HIVE. People who invested in these @0.80 etc made good investments. Netcents is lagging, so I feel it is good as this is not part of the madness. It is a futurestic stock which will act as a payment medium and will catch on with masses as time will pass, govt will have their own digital currencies and companies like Netcents will be at the forefront of payment technology.
  • M
    MATT
    it should be at a minimum $3
  • I
    Isaac
    Congrats everyone. I left here a couple days ago to fill up my nda position. Glad to see y'all made some money. If it holds a dollar until next week I'll probably fomo back in. #honesty

    Gl all
  • A
    ABHISHEK
    No one is posting, so, I thought I will post. Recently they started their NFT division for sports. Should be good for netcents. NFTs are gaining traction lately.