FLJ
FLJ Group Limited
stock NASDAQ

FLJ ... now name changed to XHG. Equity purchase is normally by debt. If they fail to prepare the cash nor make a payment, then MTC might have XHG's share with discounted price and such value should be equivalent to $153 mil.

Who is FLJ? Do they have the money or is this just gonna be a discount stock swap?

First of all, please see the price trend of MTC (MMTEC Inc.) MMTEC stock trend is really interesting and attractive for us.
In 2023 Sep, it hit the bottom around 0.4, then soared in Oct to 5.0 or so. Then, calm down to 1.0, but again and again, it jumped to 2.0-3.5 level. In 2024 May, it was pumped to 12.5. This crazy pump seemed to be because of Pump and Dump I feel, but anyway they have a huge potential. While they have been hovering 1.0-3.5 level for 6 months from 2023 Oct till 2024 May, their price drastically dumped into 0.3-0.4 now (52 weeks low - similar case as 2023 Sep). From a week ago, it again rebounded from 0.32 to now 0.45.
They did not offer sharing after 2024 ... so, it is indeed oversold and undervalued.
Second, this is really attractive information for you. They announced on May 8th that they strategically paused financial activities for 6 months. This means they will never offer sharing until Nov 8th 2024.
Meanwhile I know one of the most concerned points for people here should be "Dilution risk". This company does not have such risk.
Then, do you feel some concern about this "pause of financial activities" ? I have another information that could make you feel ease about this.
On 2023 Dec, MMTEC sold Alpha Mind Technology Limited's shares to XChange TEC. INC at USD153 mil (Huge !!). They purchased this Asset at $99.7 Mil in May, 2023. So, they simply earned $50 mil for this Buy and sell in 2023.
Originally this payment's maturity date from XChange TEC (XHG) to MMTEC was in end of Mar 2024, but extended to end of June, 2024 (June 30th = this weekend).
So, MMTEC will have a huge Cash in their hand. or If XChangeTEC fails to make payment, MMTEC has the right to convert the unpaid principal and interest to shares of XHG at a discount of between 20% and 70% of the market price of such shares.
In either way, On June 30th, 2024, MMTEC will confirm $50 mil profit & huge cash (or huge shares of XHG). This could be a game changer.
I believe that MMTEC, Inc. might strategically pause financial activities to effectively allocate the cash obtained from the sale of Alpha Mind Technology Limited's shares. Specifically, the following points could be considered:
1. Redistribution and Investment of Funds:
The substantial cash from the sale of Alpha Mind Technology Limited's shares will significantly influence the company's fund allocation strategy. Therefore, careful consideration is needed for the optimal investment and distribution of this cash.
2. Optimization of Capital Efficiency:
The cash obtained from the sale can help optimize the company's capital structure. For instance, it could be used for debt repayment, dividends to shareholders, or investment in new opportunities.
3. Achievement of Strategic Goals:
The cash from the sale could play a crucial role in achieving strategic objectives set by the company. This might include strengthening competitiveness in the market or expanding into new business areas.
Therefore, the cash MMTEC, Inc. gains from selling Alpha Mind Technology Limited's shares could serve as a vital resource for effective distribution. From this perspective, it's reasonable to view the temporary halt in financial activities as a preparation period for the cash management strategy related to this transaction.
I am not sure how much this stock price increases, but definitely go above stable range of 2023 Oct - 2024 Apr (1.0-3.5). Also, all likelihood, they will try higher than 2024 May high ($12.5). In short, potentially x20 - x30 could be possible.
This stock regular pumps (like Holo but more often than Holo).
Holo is diluting a lot, so not sure if they really pump from now. While, MMTEC has no risk of dilution for now, and promising cash rich advantage. It goes back to reasonable price range first (1.5-2.5), then I think they fly to $10-20. The catalyst is June 30th (over weekend), so It is good time to buy this week.
This is not financial advice, but I am "all in" already.
FYR - I attach the links.
# Sales at $153 mil (https://www.sec.gov/Archives/edgar/data/1742518/000121390023089640/ea188934ex10-1\_mmtecinc.htm)
# Payment maturity extended (https://www.sec.gov/Archives/edgar/data/1742518/000121390024037425/ea0204645-20f\_mmtecinc.htm#a\_010) and citing below ;
-qte-
On November 22, 2023, the Company entered into an Equity Acquisition Agreement with BCI, FLJ and Alpha Mind. Pursuant to the Purchase Agreement, the Company sold all of its interests in Alpha Mind to FLJ for $153 million on December 28, 2023, which was paid in the form of a secured promissory note (the “Note”). The Note is secured by all of the issued and outstanding equity of Alpha Mind as well as all of the assets of Alpha Mind and its subsidiaries. On April 26, 2024, the Company entered into a “Share Transfer Commitment Letter for Secured Promissory Note” with FLJ (the “Commitment Letter”). Pursuant to the Commitment Letter, FLJ reaffirmed its promise to pay the principal sum of $153,000,000 under the Note, together with interest on the unpaid note on or prior to June 30, 2024 (the “Maturity Date”). In addition, pursuant to the Commitment Letter if FLJ fails to pay the amounts due under the Note, the Company will have the right to convert the unpaid principal and interest to shares of FLJ at a discount of between 20% and 70% of the market price of such shares.
-unqte-
# Financial Activity Pause (https://www.prnewswire.com/news-releases/mmtec-inc-announces-a-pause-on-financing-activities-in-the-next-six-months-302139393.html)

FLJ ... now name changed to XHG. Equity purchase is normally by debt. If they fail to prepare the cash nor make a payment, then MTC might have XHG's share with discounted price and such value should be equivalent to $153 mil.

Who is FLJ? Do they have the money or is this just gonna be a discount stock swap?

First of all, please see the price trend of MTC (MMTEC Inc.) MMTEC stock trend is really interesting and attractive for us.
In 2023 Sep, it hit the bottom around 0.4, then soared in Oct to 5.0 or so. Then, calm down to 1.0, but again and again, it jumped to 2.0-3.5 level. In 2024 May, it was pumped to 12.5. This crazy pump seemed to be because of Pump and Dump I feel, but anyway they have a huge potential. While they have been hovering 1.0-3.5 level for 6 months from 2023 Oct till 2024 May, their price drastically dumped into 0.3-0.4 now (52 weeks low - similar case as 2023 Sep). From a week ago, it again rebounded from 0.32 to now 0.45.
They did not offer sharing after 2024 ... so, it is indeed oversold and undervalued.
Second, this is really attractive information for you. They announced on May 8th that they strategically paused financial activities for 6 months. This means they will never offer sharing until Nov 8th 2024.
Meanwhile I know one of the most concerned points for people here should be "Dilution risk". This company does not have such risk.
Then, do you feel some concern about this "pause of financial activities" ? I have another information that could make you feel ease about this.
On 2023 Dec, MMTEC sold Alpha Mind Technology Limited's shares to XChange TEC. INC at USD153 mil (Huge !!). They purchased this Asset at $99.7 Mil in May, 2023. So, they simply earned $50 mil for this Buy and sell in 2023.
Originally this payment's maturity date from XChange TEC (XHG) to MMTEC was in end of Mar 2024, but extended to end of June, 2024 (June 30th = this weekend).
So, MMTEC will have a huge Cash in their hand. or If XChangeTEC fails to make payment, MMTEC has the right to convert the unpaid principal and interest to shares of XHG at a discount of between 20% and 70% of the market price of such shares.
In either way, On June 30th, 2024, MMTEC will confirm $50 mil profit & huge cash (or huge shares of XHG). This could be a game changer.
I believe that MMTEC, Inc. might strategically pause financial activities to effectively allocate the cash obtained from the sale of Alpha Mind Technology Limited's shares. Specifically, the following points could be considered:
1. Redistribution and Investment of Funds:
The substantial cash from the sale of Alpha Mind Technology Limited's shares will significantly influence the company's fund allocation strategy. Therefore, careful consideration is needed for the optimal investment and distribution of this cash.
2. Optimization of Capital Efficiency:
The cash obtained from the sale can help optimize the company's capital structure. For instance, it could be used for debt repayment, dividends to shareholders, or investment in new opportunities.
3. Achievement of Strategic Goals:
The cash from the sale could play a crucial role in achieving strategic objectives set by the company. This might include strengthening competitiveness in the market or expanding into new business areas.
Therefore, the cash MMTEC, Inc. gains from selling Alpha Mind Technology Limited's shares could serve as a vital resource for effective distribution. From this perspective, it's reasonable to view the temporary halt in financial activities as a preparation period for the cash management strategy related to this transaction.
I am not sure how much this stock price increases, but definitely go above stable range of 2023 Oct - 2024 Apr (1.0-3.5). Also, all likelihood, they will try higher than 2024 May high ($12.5). In short, potentially x20 - x30 could be possible.
This stock regular pumps (like Holo but more often than Holo).
Holo is diluting a lot, so not sure if they really pump from now. While, MMTEC has no risk of dilution for now, and promising cash rich advantage. It goes back to reasonable price range first (1.5-2.5), then I think they fly to $10-20. The catalyst is June 30th (over weekend), so It is good time to buy this week.
This is not financial advice, but I am "all in" already.
FYR - I attach the links.
# Sales at $153 mil (https://www.sec.gov/Archives/edgar/data/1742518/000121390023089640/ea188934ex10-1\_mmtecinc.htm)
# Payment maturity extended (https://www.sec.gov/Archives/edgar/data/1742518/000121390024037425/ea0204645-20f\_mmtecinc.htm#a\_010) and citing below ;
-qte-
On November 22, 2023, the Company entered into an Equity Acquisition Agreement with BCI, FLJ and Alpha Mind. Pursuant to the Purchase Agreement, the Company sold all of its interests in Alpha Mind to FLJ for $153 million on December 28, 2023, which was paid in the form of a secured promissory note (the “Note”). The Note is secured by all of the issued and outstanding equity of Alpha Mind as well as all of the assets of Alpha Mind and its subsidiaries. On April 26, 2024, the Company entered into a “Share Transfer Commitment Letter for Secured Promissory Note” with FLJ (the “Commitment Letter”). Pursuant to the Commitment Letter, FLJ reaffirmed its promise to pay the principal sum of $153,000,000 under the Note, together with interest on the unpaid note on or prior to June 30, 2024 (the “Maturity Date”). In addition, pursuant to the Commitment Letter if FLJ fails to pay the amounts due under the Note, the Company will have the right to convert the unpaid principal and interest to shares of FLJ at a discount of between 20% and 70% of the market price of such shares.
-unqte-
# Financial Activity Pause (https://www.prnewswire.com/news-releases/mmtec-inc-announces-a-pause-on-financing-activities-in-the-next-six-months-302139393.html)