Stampede Capital - an aspiring Fintech company

(jajushobhit) #21

It was impossible for me to figure out their business…for the last three year(as long as I checked) they have been investing Rs. 40 to 80 cr in servers and software which seems strange to me.

(ishandutta2007) #22

Seems to be a perfect money laundering plot.
Wonder why were Bachchans so hooked to this stock ?

(ishandutta2007) #23

I had a small position in this only because it’s the only listed player in this space from India.
It could have been a huge cash machine only if the promoters were honest.

Disc: Exited long back

(Satya Prakash) #24

I disliked his speech. He pitched that making 1 cent per transaction is certain way to make billions. That 1 cent loss on each transaction can make him poor too. But he talked in sure and certain way to pitch his company. If market making is so certain then Bank/lenders will ask more money for lending so instead of 1 cent/transaction they will ask 1 cent/ 2 transactions.

Disc: Not invested.

(chetanbharath) #25

Now, this article seems to suggest that Stampede Capitals investments in Longfin Corp is INR 800 Cr!

The 2017 Annual report has mentioned that Stampede has a subsidiary by name Longfin Ltd St Vincent. Guess after listing it is known as Longfin corp.

Also, Longfin has a new service line -, related to crypto currencies, which has taken the stock from 5$ to 60$ in no time!

All this makes me wonder why is Usha Meenvalli selling her stake in the company?

Will the Northgate episode repeat again?

Disc: Invested only tracking position.

(chetanbharath) #26

Found an article on Longfin Corp & Mr Venkat Meenvalli’s opinion too!

(aravindms1us) #27

Another Joke in Longfin offer document

Enjoy this talk as well

(aravindms1us) #28

Game Over I think

Short stay at NASDAQ. Company is now delisted and trades on OTC / PINK