Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
TEUM: Bankruptcy PLAN effective. All shares cancelled.
https://otce.finra.org/otce/dailyList?viewType=Deletions
https://www.trilogy-international.com/
Anyone to this info ? I got an email regaring Trilogy but no clue re TEUM....
just the Name in their note from Theresa Gillespie, is that the one who bought the TEUM as a shelf Co. ?
thanks for the information, all the best HD
Pretty much no chance.... "Circles MVNE Pte. Ltd. ("Circles") has combined with Channel Ventures Group, LLC ("CVG") to execute a stalking horse asset purchase agreement for substantially all of the assets of the Company."
All a stalking horse bidder is---is someone who makes the first low bid. Successive bids, if there are any, must be higher.
Circles and CVG are bidding for ALL the assets in exchange for the money Pareteum owes them. There will be nothing left for bagholders (shareholders). After that, look for Chapter 7.
Hi guys, what about this NR last night ?
https://investors.pareteum.com/investors/news/press-release-details/2022/Pareteum-to-Use-Voluntary-Chapter-11-Process-to-Facilitate-Efficient-Sale-Process-and-Position-Business-for-Long-Term-Success-Company-to-Maintain-Operations-as-Usual/default.aspx
I´m not sure what that say´s in real for the SP with "The Company expects to continue operations as usual during the Chapter 11 process "
and sold out? End for us or any chance ?
yes, I mentioned that too, thanks for your answer. shit happens.. and bullshit comes over all... oh happy day??
I would have bought the whole company sub-penny if we were allowed to trade. Retail can only put in sell orders so it is not clear who is buying.
Anyone re trading today ? several trades are visible 3,5 to 4ct
Who knows about ? Still with some parking shares in here.
Welll, looks like this story is over now. Good luck with other Stocks.
Hi again, what do you think about this news?
Any thoughts?
https://ih.advfn.com/stock-market/NASDAQ/pareteum-TEUM/stock-news/86785058/current-report-filing-8-k
same here, last year in June another tech internet finacial service company collapsed from nearly 100$ to 15cts. Lucky I took smaller profit a year before. Read this : https://www.finextra.com/newsarticle/36048/wirecard-shares-crash-on-missing-19-billion - Despite of other losses by risk we can´t control frauds like this. Will need a long time now. Stay tune and pray !!!
True. No one knows and the company went dark, very silent. Everything on msg boards is guessing. I owned NLST at .20 give or take. Sold for a double and it went to .10 and I was happy as a cucumber... gosh, who knew a few years go by and its flying high. I thought I made the right move but really had no patience. This time I'm just holding a pile of this because you never know and at this point who cares. TEUM is showing 15M in rev per Q after last report. IMO this still bodes for something to happen, even with toxic debt etc, lawsuits, SEC fines. For me it's just wait and see what the company does, for as long as it takes the company to do something
and therefore any plaintiff seems useless. "Where there is nothing, the emperor has lost his right ! "" IMO. But who knows the end of the story?
Because what information we have is way out of date, who knows if they can make the $75K payment---they couldn't make their equipment lease payments or any of their interest payments earlier this year. This company is severely flawed, and predicting anything but the worst is impossible. But, the worst is just a guess.
We can't even guess what High Trail will do. Will they convert the $17M owed them into 240M+ shares at around .o7 each? Do they want to force the Company into bankruptcy? No guidance from the Company, and could anyone believe it if there was?
This Company reminds me of another deceitful and silent company, TURV. They haven't filed a 10Q since 2019 and a 10K since 2018. They had an out of court settlement May 10, and no 8K yet. But the bulls and Pumpers still believe.
Thanks, I didn´t read that before.How can they pay that -
Due within 14 days of the entry of this Order: $75,000 -
cash in march was $2000 only. Do you think anyone of the Board members will pay that or can they arrange another additional financing?
BANG
Looks like the SEC dropped a $500K hammer on TEUM.
https://www.sec.gov/litigation/admin/2021/33-10975.pdf
oh no, I see SP @13 now , how long time until higher SP ? Any good feeling ?
Up to 27cts correct? Last week I saw 17 or 18cts.
thanks everyone for your infos. Mentioned there are some 200m additional shares out for this game. Correct ? That would implies for a R/S sometime later, or ?
Many questions with an open end ....
Additionally, there are other creditors junior to High Trail with convertible notes.
Either TEUM must get a new loan from someone else for significantly more than the $17M owed High Trail plus whatever cash they need to continue in business, or live with nearly 100% dilution and a share price well under .12.
If getting the money was that easy they wouldn't have had to settle for the predatory loans they now have.
The current big problem at TEUM is the convertible debt to High Trail. High Trail notified TEUM there would be no further extensions of the forbearance agreement, and the then current extension ended Aug. 23. That means the terms of the loan are accelerated, and TEUM must pay 125% of the principal and interest (about $17M), or convert at 75% discount of the lowest VWAP over the last 30 days. That means that the shares would convert at about .12 each, and result in nearly 140 million shares, giving High Trail nearly 50% of the shares outstanding.
I'm still here yes its ridiculous lol. Still 15 M rev per Q. Not out of woods, but not bankrupt like many say over and over for 2 years. There really is a constructed effort to take them down on yahoo finance. There are posters there that are relentless (and on stocktwits), why I don't know. This is one of those if wallstreetbets found them they could stick it to them! (we can dream)
TEUM has debt obligations and hopefully they either re-negotiate with lender (High Trail), or (my preference) find new financing to pay off old and get going. Bart has emphasized more than once organic growth turning corner for real growth globally. So far in my opinion the numbers don't show that really but they say it is happening, so hopefully with next few Q's we will see that turn around.
The way I see it- is at .15 you can't sell what's the point lol and there are plenty of companies losing money, with larger debt, more dilution, higher share count etc. that trade higher than TEUM so hold for me.
The real fix- Management has to restore some confidence to gain larger investors again by 1- getting current (just 1 Q left), 2- new financing deal.. then it's off to the races and dilute into a higher share price down the road. That would be the best case scenario. Obviously I don't have to tell you worse case..:)
Hi, is there anyone still in this horrible story like me and can make any forcast or predictions regarding the highly dilution of shares and if this Co. will survive possibly? I was back from a hospitalisation last year and saw the crash that time. I don´t know whats going on there with all their plans.
https://investors.pareteum.com/investors/financials-and-filings/sec-filings/sec-filings-details/default.aspx?FilingId=15192033
tks in advance,HD
Correction to those who say you can't trade pre-market or after-hours on OTC: trading hours.com/markets/ot... "Monday-Friday: 9:30am - 4:00pm — Normal Market Hours
Does the OTC Markets U.S. have After-Hours Trading? Yes, the OTC Markets U.S. does have extended hours trading. The Pre-Trading Session is from 6:00am to 9:30am. The Post-Trading Session is from 4:00pm to 5:00pm. Shares can always be traded on the OTC Markets U.S. during regular trading hours (listed above). Extended Trading Hours are sessions before and after the official trading session during which trading can be conducted electronically. Pre-market trading and after-hours trading generally have less volume than during the regular trading hours and may have different trading rules."
So, it looks like if you cannot trade pre-market or after-hours it is because your broker won't allow it---not OTC.
IE, from TD Ameritrade: secure.tdameritrade.com/abo... "OTCBB securities can be bought or sold during regular market hours. No orders for these securities will be accepted for the extended-hours trading sessions. Only limit orders to buy, and limit or market orders to sell will be accepted."
The shorts used to sell 100 shares at a time in AH to lower the price. It is probably better to not have AH trading.
It should be an interesting CC. I wonder if they will take questions.
yea they sure did. They are on OTC now for non compliance so no AH trading
They told a great story in the Spring of 2019. It seemed like an under-the-radar gem at the time. I guess the story was too good to be true.
It is strange how there are no after hours. It was always active in the AH market.
Have you been following the story and the company for past few years? They said they will do Q by Q again going forward with 1st Q 2021. Could be just the way it was worded maybe... I'd think within the report there will be Q x Q numbers. .Who knows? At this point I'll take anything LOL
seems like they are reporting the year at one time and not qtr by qtr
very strange
Agree. I also have quite a few piles and did add in recent months. I said I wouldn't since it was all left over shares at one point from years ago, but I couldn't pass up the opportunity to own this multiple times in the .30-.40 range. I'm hoping all the bad news is behind...
This to me has always been one of those grew too fast with the wrong front man and team. I went through the same deal with WTRH a year or two ago, and it is playing out very similar and worked out great. Hopefully rev's are line and they get back up and listed again.
A conference call says a lot, need that follow through and an update from the new team. I don't want to miss Monday's call thats for sure. We'll see...
I saw that. I am sitting on a pile of shares. The insiders have been taking shares instead of cash as payment. They know more than we do.
Pareteum to Report Full Year 2020 Financial Results and Host Conference Call on May 17, 2021 Finally?
https://newsfilter.io/a/75f1c2e99722bbfafd08b4a36dffccdb
These guys are in a great sector. They just need to get everything up-to-date. This is not your typical OTC stock.
Still have piles of shares here been waiting it outtttttt, while TWLO is $300+ lol
2019 Financials this week as per TEUM 8k
https://fintel.io/doc/sec-pareteum-corp-ex991-2021-march-08-18694-404
I am still in that one. I sold in the $.03s and bought back at $.0128 to $.015. What I have noticed is buying a few months after a R/S you can make some money as long as the companies don't start issuing 100s Million of share again right away.
I saw this same thing happen in 2000 and it ended very badly. All of the $.0001 stocks hava all gone up 10 times. The Reddit group has just discover the OTC and are bidding everything up.
Most likely there is a buyout in the works. If that is the case they won't have to bother getting up to date. Good price action in the last two days.
Yeah, saw that - right where we want em ;)..
Yea believe it or not, still not current on their financials. Getting a little ridiculous...
TEUM was dropped, on OTC now
I don't think this board works.
TEUM is a pick on a quite successful portfolio Orkey Dorkey
I've added a few times since the 2018 restatement news. Grabbed some more today. I have little doubt this won't be over $1 easy, especially as we get into Jan and then restatements come out... Some are making very bold predictions here. Lets see what happens. Liking this-
"We believe the growth trajectory of our business is very positive and this will become evident once we have completed the restatement," continued Mr. Weijermars. "Our industry and competitive landscape are in the midst of a significant digital transformation. Cloud-based technologies are helping customers reimagine their commercial models in ways that will affect global demand for our offerings in the future. The Pareteum platform continues to deliver mobility and connectivity services, engineered to support and perform in an increasingly virtual world. As a result, we are experiencing higher levels of activity across our network in key areas including messaging, consumer mobile and IoT. Our products and services today have significant traction in the market despite the unexpected impacts of the Covid-19 pandemic this year. We are laser-focused on continuing to grow and scale the business while upholding the highest standards throughout our operations."
brave.....best to you
I will load @ .09
Dow worries me we can see 27k not good. I waiting for TEUM to bottom. Possibly.
Agreed. It makes sense to roll it all back. What ratio though ? 1 for 10 ? That is good to get back on Nasdaq but and a big but, will they have the books sorted out ? Not getting back on Nasdaq until the financials are figured out or at least like they could be real. That is the question. December they said but really ?
Followers
|
68
|
Posters
|
|
Posts (Today)
|
0
|
Posts (Total)
|
3164
|
Created
|
11/16/16
|
Type
|
Free
|
Moderators |
Volume | |
Day Range: | |
Bid Price | |
Ask Price | |
Last Trade Time: |