SAM Trade Asia PTE Ltd (CE) (SMFX) News

More a question of how did someone throw money at it. The retail peasantry can't touch this with out going through a gauntlet of red flags.

Yeah, I was just surprised that someone would throw a hundred bucks at a dead cat.

Stay away April. This is dead and will be put to greys eventually.

$1.00 up: $0.9996 (249,900.00%)
What's this?

Thought Samtrade also traded crypto? Anyway, my main point was that both "Sams" are in deep "doodoo" with the law.

SAM was not crypto, it was Forex...there were just hints of getting into crypto and having their own coin.

FTX Files for Bankruptcy Protection in US;

Another cryptocurrency trading platform FAILURE!! (Like SMFX)

https://www.coindesk.com/policy/2022/11/11/ftx-files-for-bankruptcy-protections-in-us/

Warning! This security is traded on the Expert Market

Quotations in Expert Market securities are restricted from public viewing.

https://www.otcmarkets.com/stock/SMFX/overview

Warning! This security is eligible for Unsolicited Quotes Only

https://www.otcmarkets.com/stock/SMFX/overview

$SMFX Shell Risk Badge Removed...

Liquidation is progressing and other firms gets dragged down with it.
https://www.google.com/amp/s/cryptopotato.com/hodlnaut-reveals-engaging-in-two-sets-of-legal-proceedings/%3famp

Liquidation is progressing and other firms gets dragged down with it.
https://www.google.com/amp/s/cryptopotato.com/hodlnaut-reveals-engaging-in-two-sets-of-legal-proceedings/%3famp

I would if my broker allowed buying Expert… Expert is the tier above Gray and below Pink. Tickers upgrade to Pink from Expert all the time…

Expert Market is not the bottom

Why don't you try buying a few shares if you think this company will survive? Then post how many shares you are able to buy. Bet it won't be much.

Expert Market is the graveyard for OTC tickers that have gone bankrupt or are simply defunct.

Have you ever tried trading on that market??

If this shell isn’t sold off it will become vacant in Nevada after non filings to keep it current. It will then be grabbed up thru the Nevada court system and recycled here in the land of the stinkies.


IMO

Sam Goh and a few others with money in the company wanted a restructuring, and claimed value in the customerbase.

The judges response was that the customerbase clearly was worthless since the company didnt make any money on it.

Final judgement will be done, but cant see any other solution than liquidation and sadly for the customers, they will be happy if they get 10 cents on the dollar

The liquidation of the company is on its way!

I dont have the official document yet, but the last court hearing on the 1st of August was the nail in the coffin.

Whatever is left of the company funds and whatever it helds that can be sold will be sold. That total amount will be divided among creditors/customers.

Thats the reason the share price fell!

Next will be the delisting. Then DL can hijack it again.

Expert Market is not the bottom…

“SMFX finally hit 0001 today -

Consigned to the shit-pile of totally worthless stocks.”

SMFX finally hit 0001 today -

Consigned to the shit-pile of totally worthless stocks.

No boom today...

Up 225% today on just one trade!!

Lol! Ya think maybe this about to boom?

I agree you have worked very hard digging up information we otherwise would not have seen.

If put together a list with links or documents I'll stickie it above. Please note statements without a links/documents just opinion. ty

All my writing here is backed up by fact and is not an opinion. The report from the management appointed by the court has confirmed everything I wrote here (even before they where closed down).

All my writing here is backed up by fact and is not an opinion. The report from the management appointed by the court has confirmed everything I wrote here (even before they where closed down).

Everyone has an opinion, best back up any statements with some kind of information back it...

Why post about active clients if not active? Same bs over and over, best just let the facts speak imo

The company is not active, the only thing going on is the interim management trying to figure out how things has gone so bad and the judge will liquidate it after that.

So again, as 8f end of December 2021:
No registration can take place
No trades can be placed
No deposit or withdrawal can take place

Samtrade has no trading software, their contract 2as terminated by metaquotes.

The company is not active, the only thing going on is the interim management trying to figure out how things has gone so bad and the judge will liquidate it after that.

So again, as 8f end of December 2021:
No registration can take place
No trades can be placed
No deposit or withdrawal can take place

Samtrade has no trading software, their contract 2as terminated by metaquotes.

must be bursting bubbles that company still active and hasn’t folded…

“The active clients was before the company closed down end of December, not a single trade has taken place since than..so "Active clients" is inactive clients, or in reality it's people waiting to get their money that the company has failed to pay them.

Nothing positive about that.

And no, they didn't have over 100.000 traders before, they had over 100.000 people participating in a copytrade Ponzi scheme, so no value at all in that.”

The active clients was before the company closed down end of December, not a single trade has taken place since than..so "Active clients" is inactive clients, or in reality it's people waiting to get their money that the company has failed to pay them.

Nothing positive about that.

And no, they didn't have over 100.000 traders before, they had over 100.000 people participating in a copytrade Ponzi scheme, so no value at all in that.

Company still has over 100K clients, it was my understanding should've been BK by now... That's how...

Explain in detail how it’s a positive update? Please.

Explain in detail how it’s a positive update? Please.

I didn't say it was a positive point but agree it's a positive update.

How is that a positive point?

How is that a positive point?

The only point that is important is that the company is missing over 75% of their clients money.
Average customer debt: 7300
The company has around 2000 to pay

Each one of samtrades client will lose an average of minimum 5000 dollar

They will not survive

There is no value in their customer database, no one wants to buy a company that only have a Ponzi reputation. The few normal clients they had has moved to other more secure brokers months ago, and they will have learned their lesson (hopefully).

Point is they have over 100K clients…

Yes, 118000 was tricked into a Ponzi scheme..it's wooow

Now they will receive 20% of their money, if they are lucky..the company is not surviving.

Wow… 118K active clients…

“Numbers has appeared on Samtrade from the IJM report!
Active clients 118.000
Customer Debt 875.6 million USD
Total assets: 269.5 million USD

The company lacks almost 600 million USD!”

Numbers has appeared on Samtrade from the IJM report!
Active clients 118.000
Customer Debt 875.6 million USD
Total assets: 269.5 million USD

The company lacks almost 600 million USD!

I think we have an accumulator…

A 570% jump this afternoon, looks like 1 buy of 500 shares late in the day.
I’ve been here since PFMS and I ain’t selling for a 99% lose. Maybe they will sell the shell.

Another buy today… ask slap…

Just incase some do not know: OTC is a market place where the risks are high and the reward is just as high... $80 investment could turn into $40K or turn into .40 cents...

yes, that was a great investment of $80...very slick buyer.

The seller, could have sold it for $800 when you wrote it was better to keep it and write it off as a loss, instead of $80 now..

Delay on court ruling, they found a lot of new irregularities that they want to ask the owners about to understand how things got so wrong.

The new timeline is:

*Dates may subjected to changes

Feb 10 - court directed IJMs to file a report on Mar 25

Mar 18 - IJMs requested court to amend deadline of IJM report and timeline

Mar 22 - court granted IJMs' request and approved ammended timeline

Mar 25 - IJMs to circulate relevant extracts of IJM report to directors

Apr 8 - directors will provide comments on IJM report

Apr 22 - IJMs will file IJM Report and will notify creditors

Apr 29 - creditors who wish to obtain a copy of the IJM report will make a request

May 6 - IJM report will be provided to creditors who requested

Jun 3 - creditors file reply affidavits in JM applications

Jun 24 - Samtrade shall file final reply affidavit (if any)

Jul 8 - written submissions and bundle of authorities for the JM applications (if any) shall be filed, exchanged and tendered to the court

- Samtrade shall submit an attendance list and time bank setting out the estimated amount of time that each party will require for oral submissions at the hearing

Jul 18 - full day hearing for JM Applications

Jul 5 - creditors who wish to attend the hearing must inform Rajah & Tann

yes, that was a great investment of $80...very slick buyer.

The seller, could have sold it for $800 when you wrote it was better to keep it and write it off as a loss, instead of $80 now..

We have a slick buyer... placed a bid .22 for 3958 shares and filled now bid is creeping up...

I'm watching closely, Please produce the statement I made this is a good investment in the current situation.

I will say again: if this turns around the potential is massive... I can afford to lose my investment money as in all my OTC investments... To me it's worth the risk buy more to get the potential reward...

When I feel like buying more I will... until then, we all wait except I have shares...

Enjoy the weekend.

I am surprised that exisnet not is buying every share there is, value is around 20k and he seems to be sure it's a great investment.

I am surprised that exisnet not is buying every share there is, value is around 20k and he seems to be sure it's a great investment.

Somebody thinks highly of this one...

$SMFX adding under 100K MC...

I think my due diligence presented here has shown to be a lot more correct than yours for example ;)

Oh, in that case it’s gotta be true… cleared up now…

‘I have sent you sufficient data a number of times, that you don't want to connect the dots is a different story.’

I have sent you sufficient data a number of times, that you don't want to connect the dots is a different story.