ProText Mobility Inc (TXTM)

[parabolic2020]

Control by management is when accountability starts and not before period. Doing due dillegence is not a negative no matter what was said prior. All prior actions to 2022 Aquistion led to a successful acquisition, period.

[NorthTrail]

Yes, 3 yrs+ and, as reported by someone who used to post here, 2 yrs of frequent phone discussions w David Lewis before that. Let's call it 5 yrs. IMO.

[StoptheInsanity9]

He was off by a year. Is that all you got? 2 years of absolute garbage. CE, no revenues, no cash.

[parabolic2020]

3 years?

[dcspka]

TXTM is a lifeless company that has its strings pulled by RSAMMD in it entirety. TXTM does nothing but sit and wait for the next seed donation.

[BNYPD]

txtm never put out news officially. always '' information '' from a third-party via investors
how can they be taken seriously.

[Bonzo67]

Same shit month after month. Pictures and stories and no real shareholder value after 3 years of ownership. Why keep teasing shareholders and not delivering. Guess we’re supposed to sit here another 3 years and hope CE is gone or up list

[SkyTrader7]

Which ticker name is it? I can’t find it. Thank You

[Maxinvestor89]

Right

This part is particularly interesting " Representation letters of each officer, director, and control person of the Company regarding certain matters
related to the Caveat Emptor designation"

[Art67]

no matter what, some has to be monetized,that kid knows nothing about business or markets,complete tool.

[$Parabolic2030?$]

Hopefully CE will be gone by 2030 ? 😂😂

The clown managements talked a good game and the clown 🤡 tribesmen bought it. And to save face ? They went along since most of them are down BIGGGGGG.

😂😂😂😂

[dcspka]

According to the babysitter, TXTM's business model is that of a seed bank. They don't need to sell any products or produce normalized revenues. They will simply use this collateral as a basis for growth going forward.

[Art67]

what part of "this people have no interest to remove ce because there's nothing to show" you people don't understand? if somehow they get some real business then they'll try.as it stands now this are losers who can't contract with other co. to sell hemp or cbd wine or anything else,and that's a FACT!

[Johnnyrocker33]

Here’s an AL with explicit language for CE removal. The CE was removed not long after:

https://www.otcmarkets.com/otcapi/company/financial-report/393059/content

[Maxinvestor89]

Will have to agree to disagree

I'm a shareholder, so I'd be happy to be proven wrong, sooner rather than later.

[Art67]

something messed up,here it shows 2.1mill volume,on tdameria shows 1.9,usually it's the opposite since trading site has up2date info. vs this site 15min delay.?

[Art67]

you two need to stop pretending and playing detective,and listen to someone who told you months ago,that ahmed has not filled a form to even ask for ce removal, it is pqe eligible(how dumb are you ?) but ahmed will not file anything any time soon,as i said ce here for rest of 24,the question is if it will come off in 2025.

[dcspka]

Word has it Dylon was in close communication with select shareholders on Discord for the purpose of manipulating The Message. The Babysitter of all people knows that. Evidently the OTC caught wind of this social media attempt at boiler room antics and the rest is continuing history (1/2 yrs and counting).

[BNYPD]

The bottom line is The SEC and OTCM Don't trust Anything from South Africa they know South Africa as a corrupted country and TXTM is judged base on South Africa reputation and every answer they get is over looked 100 times .

[parabolic2020]

Again you're incorrect. But as I said the appropriate communication was made as per SEC regulations reguarding promotional activity. Public stament was made, filing reguarding investigation was filed via counsel. Don't like it, well don't know what to tell you. This isn't that hard.

[Maxinvestor89]

I didn't say ANY form of communication

This is what I said: "I see no mention of CE or promotional activity in any fillings nor Attorney Letter, nor Press Release on OTC Markets website"

This is the only place that it was ever mentioned, and that PR doesn't even show on OTCM: https://finance.yahoo.com/news/protext-mobility-inc-txtm-addresses-140900577.html

If you've seen either promotional activity or Caveat Emptor being mentioned in any fillings, please tell me which one so I can see it with my own eyes.

That's it... Never mentioned twitter or any other social media (I don't count those has being "official")

"Now you're discounting a communication that was on the company account listed in the Audit." (There is absolutely nothing about Caveat Emptor or Promotional activities in the Independent Auditor Report)

"Now your saying the opinion letter is invalid from the attorney, which is counsel that was mentioned as receiving the communication FROM THE OTCM that the promotional communication was external."

That's definitely not what I said...

The never said that the Attorney Letter was invalid...

It just never mentions anything about the reason for Caveat Emptor or the "External" promotional activities", just a placeholder statement about inquiring about Shareholders and promoters transactions etc.

The Counsel himself never stated that he received such communication from OTCM, the company Twitter DID...

They addressed all relevant aspects of the promotion, showed they had no way of benefitting, there was no unusual activity in bank account and blatantly said "we didn't do this ". That statement has basically no value...

People can say whatever they want, it doesn't make it true (If an independent investigation would have come to the same conclusion, that would be different)

I'm not being particularly tough on TXTM management, I just don't trust anybody, in general...

I know CE removal can take A LOT of time (usually that's because the issuer is not Proprietary quote eligible, it requires FINRA clearance of Form 211)

When Form 211 isn't required, it is usually much faster

I've seen at least 2 stocks get their CE removed in less than 3 months

GOGY: For EXTERNAL promotional activities

https://www.otcmarkets.com/stock/GOGY/news/Golden-Grail-Beverages-OTC-GOGY-Addresses-Caveat-Emptor-Designation?id=394564

Got CE removed in less than 2 months (Pu on March 24 2023, removed on May 12 2023)

PDPG: I don't really know why it was put on (Put on May 17 2022, and removed on August 12 2022)

Neither of these are SEC reporting, or even have Audited Financials

I'm tired of being fed bullshit... If the issue was solely EXTERNAL promotional activities, it should have been resolved eons ago...

[Anon3071]

Juneteenth is a federal holiday

[NorthTrail]

Why Mrk close

[Anon3071]

Who’s gonna tell him?? lol

[NorthTrail]

no bid ask yet today

[Bonzo67]

This could have been fixed a long time ago but Dr. J is going to do it his way so it will take a year or two more

[Art67]

only idiots which are plenty here will be talking about jse,i mean how stupid are you?

[buysellrepeat]

The difference here would be starting out on OTCM and listing on a foreign exchange. Take EEENF which is listed on multiple exchanges and listed on OTCM after. So examples of foreign exchanges listing on the OTC are other there just not in the order I am purposing.

[Anon3071]

Not on OTCM, yes NASDAQ

[buysellrepeat]

Not necessarily. Shares are already listed on OTCM. Joint listings are possible. Seen it plenty of times with other exchanges.

[Bonzo67]

This is not going to JSE

[Anon3071]

Just an FYI, any attempt to list on the JSE would take about 3 years and any US citizen would need a foreign broker to trade it

[buysellrepeat]

Just an FYI the JSE doesn’t require that.

[Bonzo67]

Why file an audit if that wasn’t PCAOB ? Why even waste the time ?

[Art67]

lol,this is X algo.way smarter than most here.
Probable spam
dld_ip 🗝
@david_dd63
·
21m
Production never stops in #SouthAfrica
@Dr_Jamaloodeen

@DrReginaHurley

@SirDylonDuPlooy
$TXTM

[parabolic2020]

I'm not even gonna continue this with you. You came out with a rant saying it was mentioned nowhere in ANY communication. Sounded good, but that was blatantly false amd easily proven so.
.Now you're discounting a communication that was on the company account listed in the Audit.
Now your saying the opinion letter is invalid from the attorney, which is counsel that was mentioned as receiving the communication FROM THE OTCM that the promotional communication was external.
You're talking in circles avoiding what's blatantly obvious. Have fun with that.
The rest of us(well most of us) see what this is.
They addressed all relevant aspects of the promotion, showed they had no way of benefitting, there was no unusual activity in bank account and blatantly said "we didn't do this ".
Doesn't take a long dissertation. Just acceptance

[Maxinvestor89]

I read your sticky post before (re-read it now)

That was a tweet

The promotion thing or CE was never mentioned in any quarterly or Annual Report


"Now , before you dismiss it ,understand it is required by SEC regs for a company to distance itself from external promotional activity via public as to not be held liable."

That's Fair

Not a filling per say, was an Attorney Letter, and it barely addressed the promotion, it actually didn't even mentioned it was a third party unaffiliated or anything.

This " Counsel has made specific inquiry of each of the persons listed on Exhibit A, persons engaged in promotional activities regarding the Issuer, and persons owning more than five percent (5%) of the Company’s securities (collectively, the “Insiders”), and based upon such inquiries and other information available to counsel, there have been no sales of any of the Company’s securities by any of the Insiders, and nothing has come to the attention of counsel indicating that any of the Insiders has made any purchase or sale of the Company’s securities based upon any material nonpublic information regarding the Issuer or the Securities that would prohibit any of them from buying or selling the Securities under Rules 10b-5 or 10b5-1 under the Exchange Act" is a placeholder text for AL

The AL doesn't give any details about the promotional activities

"So there was no pump and dump, the OTC ADMITTED to Our lawyers that we did nothing wrong." That is what the company said, there is no actual proof that is the case.

I wish OTCM would tell us exactly why the CE was placed on the stock, it is absolutely ridiculous that they don't, especially after such a long time...

[NorthTrail]

Thanks for this DD.

[NorthTrail]

Thanks for giving the process some definition.

[parabolic2020]

It's not exactly on the PCAOB bandwagon but I digress. It hasn't taken long at all in reality. The 2023 Audit took 3 months, as it could not be started until year-end close was completed. We saw it in March.
So now, 3 months later, the 2022 Audit could indeed be done. The rest is just mechanics and far too many variables to try and predict what the company's next move is. To PCAOB, or not to PCAOB. I see clear reasoning and paths for both. So, we have to wait and see.

GLTU

[NorthTrail]

Thanks Para, I haven't seen this post till now. It sounds like you know what you're talking about.
My obvious follow up question is, do you think the PCAOB auditor is/has finished the audit and, if not, WHY????

[Arturosurfer]

The Otcm wants to protect us. Not! It’s so sad they don’t let us do what we want with our money. Lots are suffering due to them. I wish they had the heart to just let it go. Drop the CE and free us!

[parabolic2020]

Not actually correct.For one, review my post Stickied at the top of this board. You will find refrece to a post made in public with this stated, and which the OTCM confirmed there was NO promotional activity by the company. So no mattet the opinionof conversationin any forums, that statement says no matrer what some may think, this was not what the OTCM saw as the cause. Fir some reason some dont wanna let it got , but there it is in black and white (literally) . Now , before you dismiss it ,understand it is required by SEC regs for a company to distance itself from external promotional activity via public as to not be held liable.

Secondly, there was literally an entire filing on 11/28/22 released addressing items surrounding the CE reguarding no share conversion, internal audits, and also references to the company addressing the " promotional activities" and counsel making "specific Inquires."

So yes, those issues were addressed in detail.
Whe know what caused this, company told us lo g ago dispite those who dint want to take note.
GLTU

[Maxinvestor89]

What are you referring to with "Not that the company hasn't stated it in the filings, and in public"? I see no mention of CE or promotional activity in any fillings nor Attorney Letter, nor Press Release on OTC Markets website

This is the only place that it was ever mentioned, and that PR doesn't even show on OTCM: https://finance.yahoo.com/news/protext-mobility-inc-txtm-addresses-140900577.html

If you've seen either promotional activity or Caveat Emptor being mentioned in any fillings, please tell me which one so I can see it with my own eyes.

By the way, I haven't personally seen the promotional activity unrelated to management (or I forgot about it since it has been a long time)

Fair enough

I so wish OTCM would be more transparent when it comes to the whole process of Caveat Emptor designation and removal

[parabolic2020]

We will have our answers soon enough during the questioning period. Not that the company hasn't stated it in the filings, and in public.
External promotional activity unrelated to mgmt is. And will always remain the initial reasoning. The scope drift that has ensued since will have to be answered for by the OTCM as they too will have to provide factual information

[Maxinvestor89]

I wish there was something similar to the Form UPLOAD and CORRESP when the SEC qualifies a Reg-A vs EFFECT a S-1 or S-3

This way, I could know what they had asked from BDCC

Actually... I'm sorry, but... How the heck can the so called "internal investigation" be the reason why the CE was removed, when the Reg A was filled (March 20 2024) AFTER the CE was removed on BDCC (March 13 2024)?🤔

It could be different for TXTM, but my point still stands, BDCC CE wasn't removed following a SEC "internal investigation"

The last thing that was submitted by BDCC, BEFORE THE CE REMOVAL, was the Special Attorney Letter on February 26th 2024 (There could have been some other confidential document sent to OTCM, but there is no way to tell)

[dcspka]

Max, you summed it up in one sentence: "Regardless of that, we have no idea what OTCM is asking TXTM to provide in order to remove the CE". Nor will we ever, it would appear.

[parabolic2020]

You're missing the point as I stated in my first response. The reason for the initial inquiry is different and doesn't matter. both their situation and the filingn of the form 10 in our case Will prompt an internal investigation.

[Maxinvestor89]

I don't believe that is a proper example

BDCC undergone the regulation A exemption process, they aren't SEC reporting under Section 12(g) of the Securities and Exchange Act of 1934, via Form 10-12G, like TXTM (according to you, should be).

Their Reg A was Tier I (not AUDITED)

I do not know what internal conversation went on between them and OTCM

I doubt the Reg A had anything to do with the removal of CE

The Special Attorney Letter and whatever they have provided OTCM are likely why the CE was removed.

ONEI is a much better example, and could support your thesis

Its Form 10-12G went Effective on August 30th 2023

The SEC review was completed on September 19 2023 (Form UPLOAD)

If you read the Form UPLOAD, you'll see that stock promotion or anything the like was never mentioned by the SEC reviewer

https://www.sec.gov/edgar/search/#/ciks=0001388295&entityName=OneMeta%2520Inc.%2520(ONEI)%2520(CIK%25200001388295)

THis is what the SEC asked them to add in regards to cE "Item 9. Market Price of and Dividends on the Registrant's Common Equity and Related Matters
Market Information, page 19
8. Please disclose that the OTC Markets Group, Inc. has discontinued the display of your
quotes and has labeled your common stock "Caveat Emptor (Buyer Beware)." Please add
risk factor disclosure disclosing the risks associated with the Caveat Emptor designation"

and the company response:
OneMeta Response:



We have made the requested revisions under Item 1A. Risk Factors in Amendment No. 1, adding a risk factor explaining the risks associated with the Caveat Emptor designation.

"The OTC Markets Group, Inc. has discontinued the display of the Company’s quotes and has labeled the Company’s common stock “Caveat Emptor (Buyer Beware).”



On November 2, 2023, the OTC Markets Group placed the Caveat Emptor designation next to the Company’s stock symbol, which advises investors to exercise additional care and perform thorough due diligence before making an investment decision with respect to the Company’s common stock. Due to this Caveat Emptor designation, bid and ask quotations are not displayed on the OTC. Until such time as the Caveat Emptor designation is removed, the Company’s common stock will not be quoted on any listed exchange and our shareholders have no method to buy or sell our common stock on a listed exchange. The Company’s common stock shares are currently unable to be traded and are therefore illiquid. There can be no assurance that we will successfully have the Caveat Emptor designation removed in the near future or at all. Failure to remove the designation will continue to limit the liquidity of our capital stock"

They actually got the date year wrong and the SEC didn't even bother with that LOL (they never filled a 10-12g/A correcting that mistake)

https://www.sec.gov/Archives/edgar/data/1388295/000149315223030184/form10-12ga.htm

The Caveat Emptor was removed on October 2 2023

Regardless of that, we have no idea what OTCM is asking TXTM to provide in order to remove the CE

[parabolic2020]

You're looking for an argument when there's no need for one. It's pretty simple to see the reasoning. Things have to follow logical steps