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Saturday, November 26, 2022

The Inside Scoop on GIFA ORD (OTCMKTS: GIFX)

GIFA ORD (OTCMKTS: GIFX) has a new trading symbol “GIFX” after a change of the Company’s name from Firefish, Inc. to GIFA, Inc. was approved. Currently the stock has a caveat emport designation from OTCMarketsgroup.

GIFX is having an October to remember from a start point of under a nickel the stock has seen recent highs of $0.279.  GIFX has quickly attracted a fast growing shareholder base which has transformed this one into a volume leader.

GIFA ORD (OTCMKTS: GIFX) describes itself as a small company and we were originally incorporated in the State of Nevada on April 29, 2008 under the name Firefish, Inc. Since April 2008 and through our wholly-owned subsidiary domiciled in India (the “Subsidiary”), we have offered mobile and internet marketing services to retailers and educational services to young learners and young adults. We also host an annual English, Math and Science competency competition referred to as the Primary Olympiad. All of our services are currently offered only in India. In India our offices are located in Mumbai, India. We built a robust social networking platform with wide ranging features. We also developed two ancillary lines of businesses that leveraged our user base and developed expertise within our target market (1) text message advertising services to retailers wishing to market their services to our social networking community and (2) educational services to current and potential members of our social networking community such as English language training/certification and English competency competitions. Under our existing business, our current revenues are chiefly derived from text message advertising services to retailers, competition entry fees for English, Math and Science competency competitions and consulting fees for English language training/certification services.

Last month the Company stated “In recent months we also filed our 2016 Annual Report on Form 10-K and certain Quarterly Reports on Form 10-Q with the Securities and Exchange Commission. As reported in the Annual Report, we anticipate that we will undertake contemporaneous negotiations with the Company’s founder that if successful will allow the Company to divest the Subsidiary and to allow the Company to acquire GIFA Holding Limited . The terms and conditions of the planned Divestiture and the planned Acquisition have not been finalized but we anticipate that if we are successful in completing these negotiations, we will likely focus our resources solely upon the business currently conducted by GIFA Holding Limited. We cannot assure you that we will be successful in any of our negotiations relating to either or both of these contemplated transactions.

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GIFA (gifaholding.com) is a leading multinational chain of companies offering a full range of comprehensive products and services. Our wholly-owned subsidiary companies include GIFA Consulting, GIFA Tourism and Yeni Bakis newspaper. With plans to expand the GIFA name, projects such as GIFALAND theme park and a deluxe hotel and casino are underway.

GIFA is led by Yusuf Kisa described as the “robin hood of Turkish Republic of Northern Cyprus. He is the economist also described as a “financial wizard” that has an unmatched or unparalleled impact on the economy of TRNC. According to their website gifaholding.com, in 2017 GIFA arranged a staggering total of 18 billion euros in loans to international corporations, particularly companies in the Middle East. Shocking the financial market back in January, President of the GIFA Holding chain of companies, Yusuf Kisa, announced an ambitious estimation of 30 billion euros by the end of 2018. Kisa has some big plans, among other things he plans to expand the GIFA name with mentions of moving into the petroleum industry and constructing a 5-star hotel and casino.

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Currently trading at a $39 million market valuation GIFX has a skull and crossbones from OTCMarkets. Their filings from 2016 show that at that time they had little cash, some revenues and very little debt. GIFX is an exciting story developing in small caps that has been exploding up the charts in recent days. Currently there is a lot of uncertainty about the new Company gifaholding.com, its CEO Yusuf Kisa and the caveat emptor designation from OTCMarketsgroup. We will be updating on GIFX when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with GIFX.

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Disclosure: we hold no position in GIFX either long or short and we have not been compensated for this article

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