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Went up then major selling. Something is up. Waiting.
More NEWS out. New deadline from Nasdaq. End of October. The interim CEO promises to get the past fake financials fixed by then. He's now got a new contract, loads of stock options and other stuff as incentive. But I wonder if they are not just fixing the financials but making them for the first time ! Does this company actually do anything they say or is it just a web page company reminiscent of the Dot Com era ? If this drops to 38 cents or lower that might be too much to pay unless this company tells us something that can be verified. Then again, maybe the bigger players aren't ready to say anything until they are all loaded up.
Something happened on Friday after the close. Huge blocks of shares moved. 20 million volume for the day. I see no news about why. Anyone have any thoughts ? Was this something to do with the recent loan or just a huge issue of shares for cash ?
Maybe that "loan" rally which took it over a buck for a day was enough to keep it trading on Nasdaq for while now ? Still might see a roll back of shares IMO. Sure like to know what this company actually does versus what they say they to do on their website. About time they showed investors the real financial story too. And all those backlog orders ? Fake news can we assume ?
If anyone in management reads these messages, time to come clean don't you think. Even with Covid hammering the economy there are bright lights shining and I would have thought companies in the internet realm would be thriving. Good companies that is.
Not sure how they are still allowing this scam co to keep trading should be delisted already
Wow. This did the trick. Not one mention of incomes or costs. Maybe it's a freebie. Does this company have any income in the pipe from all those backlogs ?
Liberty Global to Leverage the Pareteum Experience Cloud in New Pan-European Voicemail Platform
8:30 am ET June 17, 2020 (PR Newswire) Print
Pareteum Corporation (Nasdaq: TEUM), a global cloud communications platform company, announced today that it has been selected by Liberty Global, a multinational telecommunications company, to build a pan-European Voicemail platform.
https://mma.prnewswire.com/media/435599/Pareteum_Logo.jpg
Leveraging the Pareteum Experience Cloud Voicemail solution, Liberty Global's new platform will be available to its entire European customer base.
Liberty Global is one of the world's leading converged video, broadband, and communication companies, with headquarters in London, Amsterdam, and Denver. They have operations in several European countries under the consumer brands Virgin Media, Telenet, and UPC.
The Pareteum Experience Cloud Voicemail solution is a multi-tenant, API-driven voicemail offering that supports over 100 features, settings, and options, enabling rich customer experiences.
The partnership provides Liberty Global with one pan-European, geo-redundant voicemail platform capable of serving millions of customers across Europe and supporting the continent's many languages and time zones. Additionally, the Pareteum Experience Cloud Voicemail solution has been integrated with IMS, enabling both fixed and mobile customers to use the same voicemail environment.
The solution is based on the Pareteum Experience Cloud architecture. This means that other Pareteum offerings, such as Interactive Voice Response (IVR) and Missed Call Alert, can be easily deployed to further expand Liberty Global's new platform in the future.
"The flexibility, scalability, and cost effectiveness of our Voicemail solution offers many advantages to telecom operators around the world," said Bart Weijermars, Pareteum's interim CEO. "I see the delivery of our Voicemail solution as the next step in our long-standing relationship with Liberty Global."
On April 23, 2020, Liberty Global migrated the first users to the platform.
I wonder if that bump was just speculators hoping for a bounce and then actually making it bounce or if these are the friends of insiders who know something. I suspect the latter now after seeing all those options assigned. This company seems to leak information both good and bad so maybe some good info is finally on they way.
Nice bump back today. More to come tomorrow?
Options/Beneficial changes News out. Quite a few directors added substantially to their stock options. All in at low prices of course. Will it make a difference ? Now what?
That might be necessary as a condition of getting the loan. Sounds like that is a good sign and maybe that is the real reason for the loan rally.
It would appear that, based on Website changes, we are about to see leadership change. Very positive. WT
So true as we head back to @. 32
Yes. A loan rally. It looked good for a while but the company didn't follow it up with real news. That part is big issue. What's the real story with all those backlog orders. BS or not ? But somehow, they got $12 million to keep the doors open. Someone has faith I guess so maybe management will throw out a bone soon. Hope it has some meat on it !
* * $TEUM Video Chart 06-10-2020 * *
Link to Video - click here to watch the technical chart video
https://www.otcmarkets.com/stock/TEUM/news
Pareteum Secures Another Expensive Lifeline - Sell The RallySeeking Alpha | 06/10/2020
Summary
Company announces another ugly financing transaction. Discussing key terms and potentially outsized dilution.
Toxic deal component with floor price set at just $0.10 could cause additional pain for shareholders.
Investors should use the momentum rally to sell existing positions or establish an outright short position.
Can anybody make a comment on this business regarding what it does? All I hear is things related to stock moment. We should be thinking and investing in a company based on what we know about the company as a business.
Not even half the trading day has gone by and over 22 millions shares have traded.
Now it will get interesting.
I will look closer at 90 cents.
$2 should come back quickly now. Maybe even more today, because the NEWS was fantastic and And such fantastic news is rarely on the market and apparently my trust in the company and support it and that can only be very good for the company.....
$$$$$$ TEUM is ready to running $$$$
a/h already $1,25 easy - TEUM rocking now $$$ - all imho
WOW! Snaks, that is quite a chart, and thanks for the headsup!
Looks like TEUM will be able to stay on NASDAQ with compliance.
Pareteum Secures $17.5 million in Financing to Position for Future Growth
PR Newswire•June 9, 2020
NEW YORK, June 9, 2020 /PRNewswire/ -- Pareteum Corporation (Nasdaq: TEUM), (the "Company"), a global cloud communications platform company, today announced that the Company closed the issuance of $17.5 million in Senior Secured Convertible Notes, with warrants, to an institutional investor. The net proceeds to the Company will be $14 million. The net proceeds from the financing will be used for working capital, general corporate purposes, growth initiatives and new product development.
BOOM!!!
Secure a bit of financing and PPS shoots up. Nice!
It is time to hear the truth
It appears that Teum is being walked up the hill. They got an extension from Nasdaq about delisting and something has changed. Might just be big investors supporting it and to get it over a buck for now. That's great but we need the real news. What are the books really like ? Are there really all those orders on the books or was that all fake ? Come on someone in management. Tell us the truth, if that is possible these days.
The real issue is about to happen and it’s a 10 for 1 reversal. Like you said add cushion the only ones are the share holders that get burned. We need real proof.
NEWS to Shareholders in Open Letter. It is about time ! But not much mentioned about numbers as that is come they say. This is a boost confidence letter aimed at halting the drop in share price and it might work for a little while but we and Nasdaq need actual real financial numbers. They are restating 2018 and 2019 to reflect "reality" then. If those amounts were real, they can be shifted to the present. That would be good if real. If they were fake ? Poof !
Looks like there dumping from the top down. Lots of red.
Exactly and after a Reversal Split they always continue to fall. Just not good.
Could be 1 for 10 but that's if they are even allowed to trade on any exchange ! If the management are hiding the real story of this company it might just be dead. What are they covering up ? Averaging down at bargain prices ? Not sure but maybe this is part of the sleazy management and promoters scheme too. Let it drop like a stone, buy it up cheap and then tell everyone later sometime that the company is doing great. It's all about manipulation in the end to milk the average guy's bank account. Buyer beware. Only money you can afford to lose IMO. Good luck if you stick with this one.
Yep we will be at 20 cents before we know it then a 10 for old 1 new reverse stock split I believe.
News released. Delinquency Notice received from Nasdaq. The company will ask for a stay of the decision to delist from the Nasdaq. If accepted they have 15 days from that date to do something to stay listed longer. Like get this over a buck ? Doubt it until we know how bad those previous directors hurt the company. Management need to come clean. Is this even a viable company anymore ? Was it ever ?
Pink sheets on the way I guess and then only a rollback and decent news will see this company back on Nasdaq.
Most likely 5 old 1 new reversal to keep Nasdaq.
Hedge funds must all be in short interests funds I believe also. It will be interesting how it plays out.
Yeah. A reversal like 5 old for 1 new would work fine to stay on Nasdaq. Reduce the float that way too which is not a bad thing for this company now. BUT ! Why is there no news reported about the financial issues that came up last year. That was supposed to happen in February wasn't it ? Or is the Covid-19 nightmare delaying all of this now. Maybe all companies have been given extra time but you'd think that would be announced. And is this company actually making any money ? It's all very quiet so no wonder the stock price is dropping. Maybe that is part of the plan too. Let it fall so that the rollback needs to be bigger. But maybe it is over too. Buyer beware I'd say.
A reversal will get them back to the NASDAQ looks like the only option they have. How much do they reverse is the scary part.
Exactly rite to the point. You are correct. If the had any intention of doing it they would of. It appears that there holding back data for a good reason. Jut not good.
As I see it, management aren't going to file anything to stay on Nasdaq. Needs to be over a buck for one thing but not filing revamped financials is also needed. If like others I've owned, this will go to the pink sheets soon. Then we see a reverse split (rollback of shares) like perhaps 5 up to 10 old shares for a new share. Maybe a different company name as well. All assuming the company is still viable of course. The rollback will leave the float very small. Easy to get back over a buck then and hopefully on the Nasdaq again. The small float will make it volatile on news and if good, up it goes again. Financing and dilution after that. Same old formula for new suckers to buy into. So wait it out or get out ?
Load up @38 cents if we fall. Still no news of NASDAQ compliance. I don’t get it.
I can dig it. Thought this board woulda perked up by now, gee. TEUM
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