Deutsche Payment A1M AG - Same old song? (2023)

The course will always go on like this. The listed family company has to get the parts onto the market. At KE they didn't want any new partners, at least not for €1 :-)

I stay on the ball, but don't buy anything.

surround

Response to post no.:73.020.281vonsurroundan04.01.23 11:18:44

Elktech solutions

This is exciting information @surround
There is an Elktech Solutions (formerly Deutsche Payment etc.) in the UK with Mr Elkington signing for the company. Unfortunately, I could not find any documents signed by Elkington at British Elktech, otherwise they would have compared the sources. However, the British Elktech was dissolved in mid-2022.
I cannot find the company in the Malaysian commercial register (https://company-report.crif.com.my/en/search/?query=elktech&…the given address in Malaysia is "relevantly known". Letter box.
https://opencorporates.com/companies/gb/04505614
You can also do some browsing here, there are other Mr. Elkington companies that are very interesting and also have the name Herbst in them
That's worth at least a question mark, more of a red flag...

Response to post no.:73.005.683vonsurroundan02.01.23 11:16:27

Framed quote:Of course I'm curious to see when the demand for new liquidity will come... the major shareholder and Elktech Solutions Ltd. (Malaysia) only wanted to pay €83,799 (83,799 shares at €1 each).
Surround

Source? I can't find it anywhere, where did you get this information from?

Istratos

s.a.
Jigajig im Juni 2016
The same old song?

Response to post no.:73.005.683vonsurroundan02.01.23 11:16:27

Framed quote:Of course I'm curious to see when the demand for new liquidity will come... the major shareholder and Elktech Solutions Ltd. (Malaysia) only wanted to pay €83,799 (83,799 shares at €1 each).
Surround

How to get to Elktech Solutions in Malaysia?
Elktech Solutions Ltd is a British company which took over as Director on 05/12/2017 from Daniel Paul Elkington. Therefore, the company was renamed ELKTECH on September 1, 2021 (cfCompany registration in the UK)

The company used to have a different name
... that is ... (it's a possibility!)

DEUTSCHE PAYMENT IPSP LTD. 15. April 2014 - 31. August
STRATOS LEASING LIMITED 05.04.2012 - 15.04.2014
ISTRATOS LIMITED 18. June 2008 - 5. April 2012
ONELOG LTDA. 7 February 2006 - 18 June 2008
AND1 MERCADOS LTDA. 7. August 2002 - 7. February 2006

Look here:
Elktech Solutions bei North Data

An article in the Handelsblatt mentions Istratos, which is actually behind a paywall:Jan Marsalek and the putsch of the century
I don't like paywalls...
But did you know that articles that win media awards are freely available through complicated channels?
And the research team at the Handelsblatt, for example, received an awardwith the Private Media Award 2021and this is how you get to the article. But why do they get a media award for this? You haven't even told a quarter of the whole story.
Read for yourself:
Download this excellent irregular investigation report...
Read It's worth it.
If the article is too long, we recommend the following Google search:
Google istratos mps Wirecard
You can compose the decisive sentence from two search results:

They are called Bijlipay, Goomo and MPS Munich PS, Istratos, Getnow and IMS. Some would have received a loan of one million euros from Wirecard, others twenty million.

Yes, yes, yes, it could mean another Istratos and yes, yes, yes, it says "MPS Munich", which is what this company is:MPS/Norddaten, can also be coincidence. You will laugh: five hooligans would have written exactly that on the Wirecard. But not with me this time
German payments A1M. There is no way this story can go on for many years and not be finished by the FT...

Of course I'm curious to see when the demand for new liquidity will come... the major shareholder and Elktech Solutions Ltd. (Malaysia) only wanted to pay €83,799 (83,799 shares at €1 each).

Surround

Response to post no.:72.997.930vonsurroundan30.12.22 15:42:26

Framed quote:Hi,
My stock market annual report or annual report evaluation. Still, based on the research and information I've read about the AG, I have no reason to buy it and advise any retail investor to "research carefully."

Thank you for the clear words, which I would like to add. and more than that

Hi,
My stock market annual report or annual report evaluation. Still, based on the research and information I've read about the AG, I have no reason to buy it and advise any retail investor to "research carefully."

What I like:
- IPO via Doralis with a contribution value of xy (valuation report was available) and based on management planning. Okay, so many companies do it, the value is often not yet tangible.
-Then KE with 2 beneficiaries - Mrs. Herbst (major shareholder) and another shareholder who was authorized to repay a loan (debt-equity swap). Parallel to the action, the course is exhausting. Sometimes with sale, but often not. Then buy KE at €1 per share and bring it on the balance sheet at €17.xx. A good 16 euros went into the capital reserve, but not into the cash register. So, EK's virtual booster, true, but it was sold as a cash KE. Hmmm...
- At the same time, the share price increased from €18 to €22.xx and stock option rights were granted to senior employees.
- Then big sales and profit reports for 2022 and 2023 - the price falls more clearly again, but also often without sales.
-In addition to the transactions, the IR machine runs with rather trivial IR news. The European dealer is a company in Sofia (Bulgaria) with a share capital of 100 BGL = 50 €. Founded in June 2022 - that will certainly be a hit with retailers.

All that and the combination of majority shareholder and CEO (sold as a publicly traded family business) makes me look very closely and nothing more.

happy end of the year,
surround

the double lottery

20 years ago, there weren't many payment companies. It is all the more astonishing that a company apparently existed twice. A Lottchen belonged to EBS. In April 2003, Alexander Herbst's power of attorney ended with this double Lottchen, behind whom was another of the few payment providers, a former partner of EBS, whom EBS bought around 2001, a year before EBS bought the "Wire Card". . . At that time there was another Lottchen, for whom Alexander Herbst also worked. I'm afraid the admins will have to leave this as a statement of fact. Of course I can prove it, but it's quite complicated.
One Lottchen's website was "doppelteslottchen.de" and the other duplicate Lottchen's was "doppeltes-lottchen.de".
In any case, something is wrong with the timing. Was Alexander Herbst himself Doppellottchen and worked for both Doppellottchen at the same time? Well, I guess I'm the only one interested in these old camels. Or maybe Dan McCrum, but he really has better things to do.