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FLINT / FLINT PH / FLINT PHILIPPINES / FLINT TECHNOLOGY CORP.
FLINT / FLINT PH / FLINT PHILIPPINES / FLINT TECHNOLOGY CORP.is NOT REGISTERED as a corporation or partnership and OPERATES WITHOUT THE NECESSARY LICENSE AND/OR AUTHORITY to solicit, accept or take investments/placements from the public

Date Posted: 9 June 2021

FLINT TECHNOLOGY

FLINT TECHNOLOGY

SEC Facebook

The Securities and Exchange Commission has received information that
individuals or group of persons representing
FLINT
/
FLINT PH
/
FLINT PHILIPPINES
/
FLINT TECHNOLOGY CORP.
which is being operated by
JAN
ANDRE
M.
MERCADO
is
enticing the public to invest in said entity.
FLINT
bills itself as the first, tech

enabled low

cost Philippine Real Estate
Crowdfunding Platform powered by
SeedIn Technology
,
allegedly
South East Asia’s
largest business financing platform. Through Flint, investors are given an opportunity to
buy an inves
tment share in a pre

funded property or funded with first position financing.
Based
o
n
information gathered by the Commission,
FLINT
offers investment
s as
low as Php1,000.00 with a guaranteed
12%
return
per annum
as herein shown:
I
n a
video posted in YouTube, Mr.
Mercado claims that
FLINT
is a
creation
of
SIGNET PROPERTIES
,
which was also
founded by
him
.
FLINT
is designed to cater to
those who want to invest in real estate whereby the platform pools investors to join the
crowdfunding of
FLINT
.
Allegedly, the earnings will be taken from profits of
the
real
estate investment that is offered to any person at any t
ime.
Mr.
Mercado
also
claims
in
another
YouTube
Video
with
link
https://www.youtube.com/watch?v=YsxREMFySsU
(at the 32:48 mark),
that
FLINT
and
SEED
IN
were able to secure
the proper licenses before the Commission.
In the article
“Signet Properties Encourages Safe and Secure Real Estate Investment
Through Crowdfunding”
found in the Insights portion of Flint’s website
,
https://www.flint.com.ph/
,
the following representation appears:
Also
posted on the website of F
lint is the following FAQs:
The scheme of
FLINT TECHNOLOGY
constitutes
offering and
sale of securities in the form of investment
contracts to the public as its investors need
not exert any effort other than to invest or place monies in its operation in order to
receive profits.
The Securities Regulation Code (SRC) requires that the offer and sale of securities
must be duly registe
red with the Commission and that the concerned entity and/or its
agents should have the appropriate registration and/or license to sell such securities to
the public.
B
ased on the Commission’s database,
FLINT TECHNOLOGY
is
NOT
REGISTERED
as a corporation or partnership and
OPERATES WITHOUT THE
NECESSARY
LICENSE
AND/OR
AUTHORITY
to
solicit,
accept
or
take
investments/placements from the public nor to issue investment contracts and other
forms of securities defined under Section 3
of the Securities Regulation Code (SRC)
.
However,
FLINT TECHNOLOGY CORP.
was registered as a corporation on 19
February 2021 under SEC registration No. 202102007309

04 with the following primary
purpose:
FLINT TECHNOLOGY CORP.
is likewise not authorized to solicit investments
from the public.
Further, t
o set the record straight,
both
FLINT TECHNOLOGY
.
and
SeedIn Technology
are
NOT REGISTERED
either as
a crowdfunding intermediary or a funding portal under SEC Memorandum Circular No.
14, Series of 2019 or the
Rules and Regulations Governing Crowdfundin
g.
Ac
cordingly, those who invite or recruit other people to join or invest
in this
venture or
offer investment contracts or securities to the public may
be held criminally
liable or accordingly sanctioned or penalized in
accordance with the Supreme Court
decision in the case of
SEC vs. Oudine Santos
(G.R. No. 195542, March 19, 2014).
In view there
of, the public is hereby advised to exercise caution
before investing
in these kinds of activities and to take the necessary
precautions in dealing with
FLINT TECHNOLOGY
or its representatives.
The Commission
urges anyone who has knowledge or information
about any
business transactions involving these securities or investment
opportunities to report
such activities so that appropriate actions could be
taken through the email of the
Enforcement and Investor
Protection
Department at
epd@sec.gov.ph
.
For the guidance of the public.
Pasay City,
08 June 2021