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Peak Positioning Technologies Inc. (PKKFF)

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1.2300+0.0300 (+2.50%)
At close: 03:55PM EDT
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  • A
    Austin
    5 more years to go for me. Holding on tight. $100 or bust
  • A
    Austin
    $160m market cap. Mind blown
  • a
    appie
    Toronto, Ontario--(Newsfile Corp. - June 23, 2022) - Tenet Fintech Group Inc. (CSE: PKK) (OTC PINK: PKKFF) ("Tenet" or the "Company"), an innovative AI service provider and operator of the Business Hub™, today announced that it has signed a national strategic cooperation agreement with China's Shanghai Electric Power Company (SEPC) to help the country with the implementation of its policy to have its carbon emissions peak by 2030 and achieve carbon neutrality by 2060.
    Ever since China's pledge to the world in 2020 to be carbon neutral by 2060, the government has adopted policies and allocated significant resources to promote and develop clean energy projects and initiatives throughout the country. Naturally, state-owned energy and engineering companies such as SEPC are expected to play major roles in helping slowly wean China off fossil fuels. Those companies have been investing heavily in technology and partnering with clean energy solution providers such as Tenet to advance the country's renewable energy agenda. Named after China's 2020 pledge, Tenet's i3060 clean energy platform was introduced to SEPC as a tool used to digitize the feasibility and life cycle of a variety of clean energy projects. For instance, with i3060, virtually every rooftop in the country could potentially be converted into a small solar power plant not only potentially capable of meeting the energy needs of the business or residence under the roof, but also able to sell any excess energy produced to the energy grid.

    SEPC and Tenet have agreed to partner up to prepare, present and promote nationwide solar power project proposals to the entities responsible for awarding the implementation of such projects. The proposed projects will run through the i3060 platform while SEPC will fund, manage and operate them.
    SEPC is a century old subsidiary of State Power Investment Corporation and one of China's most important energy corporations. From its very beginning, SEPC has been dedicated to providing the Chinese population with clean alternative sources of energy. Although today's announced agreement is between Tenet and SEPC, the Company is currently working with China Energy Engineering Corp. (CEEC) on an ongoing pilot project in six cities highlighting i3060's capabilities and expects to have a similar strategic cooperation agreement in place with CEEC in the near future.
    "When it comes to the renewable energy sector, competition must be put aside for the greater good of achieving our national objectives," said Mr. Jinbo Li, SEPC's General Chief Engineer. "We are excited about this partnership with Tenet and we look forward to potentially working with other energy and technology companies to continue to move the country's renewable energy commitment forward and possibly explore opportunities beyond China". According to Engineering News-Record, 8 of the top 10 global contractors were from China in 2021, with CEEC's contracting division coming in just outside of the top 10 at number 13.

    "This partnership has been several months in the making and I want to thank Mr. Li and SEPC for their patience and this opportunity to allow us to showcase our value proposition to China's renewable energy sector," commented Liang Qiu, CEO of Tenet Asia. "Given the increasingly important roles that energy and engineering companies like SEPC and CEEC and their contractors play in clean energy projects around the world, and i3060's capabilities, we look forward to working with our renewable energy partners for projects in China and firmly expect to also obtain our fair share of projects outside of China in the coming months and years".
  • M
    Mr. Meeseeks
    Thank you to all the bashers on here everyday reminding people they own something special with Tenet. They are not getting my shares cheap. I'm getting their shares cheap.
  • P
    Peter
    if you do no have any stake on this stock, why come here and bash it? if I do not have any shares on this, I won't even bother looking into here.. unless you are shorting
  • V
    Vince
    0 debt,200m rev..
  • M
    Mr. Meeseeks
    This stock price make less sense than a penny. Manipulation can only last so long. Grabbing a couple hundred shares a week til the bottom, then off we go.
  • D
    Danny
    As per Bloomberg , China easing restrictions on fintech companies.
  • N
    Nobs
    Lots of bashing posts here, but, despite the decline and broader market macros, no insider director reported selling on SEDI in a long long time. A conclusion is JJ and others seem to be holding their shares even from the ath. So why don’t you hold yours instead of letting bashers mental case you into selling ?Guess I will like the company and it’s prospects all the way down to zero if that’s where share price goes short term, bought more today.
  • J
    Jim
    you know all the things that did not pan out for tenet, mostly macro influences, still may now go in the right direction and quickly, like a coiled spring that has been wound up and locked in place suddenly being uncocked blocked
  • M
    Michael
    Manipulation.
  • P
    Pat
    PKK will probably report their revenue from the 618 Shopping Festival as soon as they can get all the data tallied up. Should be a massive revenue day.
  • H
    Hunter
    2023 lowered revenue estimate 527 million 3.3x current market cap. Revised guidance for 2023 and beyond to be provided as Company get closer entering additional markets including in Europe, South America and the Middle East. This guidance should be increased with additional markets.
  • P
    Pat
    The 618 Shopping Festival just brought in record breaking revenue. Chinese economy apparently roaring back according toreports. Really great news for PKK.
  • S
    Stock Investor
    Once the Chinese economy opens up fully from their recent CV19 restrictions, I am theorizing there should be a bump up for sentiments to the upside, which means some of our SP should recover… by how much I have no clue, but I hope ‘significant’ % gains. … LFG
  • J
    Justin Randall
    Common shares were used to purchase Cubeler. The former Cubeler insiders can sell those shares without having to file a form. These “shorts” don’t have to cover because they already own the shares. Selling into us at whatever price they can get. Today will be another “good day to average down”.
  • t
    trevorthegreatest
    Just bought 850 more. I am planning on becoming a philanthropist 😎
  • J
    Jim
    "This partnership has been several months in the making and I want to thank Mr. Li and SEPC for their patience and this opportunity to allow us to showcase our value proposition to China's renewable energy sector," commented Liang Qiu, CEO of Tenet Asia. "Given the increasingly important roles that energy and engineering companies like SEPC and CEEC and their contractors play in clean energy projects around the world, and i3060's capabilities, we look forward to working with our renewable energy partners for projects in China and firmly expect to also obtain our fair share of projects outside of China in the coming months and years".
  • V
    Vince
    0 debt,growing 130% .. so many verticals to pursue and make money. the management team has done this in a few short years and besides nasdaq which is politically motivated, they have done phenomenal..