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The dealer got in trouble per the SEC report
This sets legal precedence to deter future attacks..on NASDAQ.
Still expecting $100m-$300m marketcap prior to any r/s..for NASDAQ
It is strange. I can’t comprehend why they are implying that 1800 should have been a broker dealer. It is the company (Tptw) that issues the shares through their broker and 1800 then buys them at a discount and then sells them for the profit … at least that’s how I thought it works. How can they loan money AND be a broker dealer at the same time ?
Getting out of EM + decrease in OS + Tekmovil acquisition = huge run
If this actually happens, this could be huge. Just wondering if this has anything to do with the PR pertaining to increased investor value and/or the late filings. I imagine they have known about this for a bit.
Favorite part was first sentence: “As alleged, Kramer and his companies were not registered as dealers with the SEC or associated with a registered broker-dealer, as their activities required them to do.”
Everything has to start with allegations..love watching them unfold as they always do. Allegations no longer just allegations, proven facts.
It would be great to get out of expert market to start....
Yeah... that's not even close to reality. It's not surprising. Your grasp on reality is pretty tenuous.
“As alleged, Kramer and his companies were not registered as dealers with the SEC or associated with a registered broker-dealer, as their activities required them to do.
The SEC's complaint charges Kramer, Power Up, Geneva Roth, and 1800 Diagonal with violating the dealer registration provision of Section 15(a)(1) of the Securities Exchange Act of 1934 ("Exchange Act"), and also alleges Kramer is liable as a control person of his companies pursuant to Section 20(a) of the Exchange Act. The SEC seeks a permanent injunction, disgorgement of ill-gotten gains plus prejudgment interest, civil penalties, a penny stock bar, and other equitable relief.”
Those last few sentences are important here. Profits returned plus interest…
https://www.investopedia.com/terms/d/disgorgement.asp#:~:text=What%20Is%20Disgorgement%3F,those%20affected%20by%20the%20action.
This dedicated to theme-song from Mahogany..when my humanity revealed itself to me for first time.
This is from Feb 7 2024
“As a condition of funding this 1800 Diagonal Feb 7 Note, the Company increased share reserves on previous 1800 Diagonal Lending Notes by 750,000,000.”
https://stock.us/sec/1661039/0001654954-24-001666
How many of these 750m in reserves have diluted since? Couldn’t have been in past 5 or so weeks cuz no new shares have been added to OS roughly in this 5 or so week period.
I haven’t had a chance to dig deep, but so far I’ve counted about 300 million shares. And we don’t know what happened yet after September 2023.
Someone in-the-know finally blew-the-whistle..good for them..plenty of evidence I’ve provided to correlate to this revelation.
That would bring OS back down to about 1.8B?
I doubt they’ll be enthused about this revelation
lol. Now on top of conspiracy theories Mx is now accusing people here of being some ghostly involved deep state involvement of longs here
Yes. They def used this lender several times both within and outside that period. Interesting. Wondering what happens if it does affect Tptw. Does it look like a ‘buy back’ and what happens to their loans since they were tied to conversions to discounted shares as payback? Hmmmm.
Easy to tell which traders were involved with-the dealers.
How many shares would be returned, a billion shares?
You’re missing the 8K from few months ago
Would be fantastic news!!
This was in the most recent 10q/a
On June 13, 2022, TPT Global Tech, Inc. and 1800 Diagonal Lending LLC entered into a $200,760 promissory note agreement (1800 Diagonal Note”). The 1800 Diagonal Note has an original issue discount of 12%, or $21,510, and bears interest at 22%, and is convertible into shares of the Company’s common stock only under default, as defined. 10 payments of $22,485 beginning on July 30, 2022 are to be made each month totaling $224,851. At any time following default, as defined, conversion rights exist at a discount rate of 25% of the lowest trading price for the Company’s common stock during the previous 10 trading days prior to conversion. 194,676,363 common shares of the Company have been reserved with the transfer agent for possible conversion under a default. Through September 30, 2023, 1800 Diagonal exercised its right to convert $236,094 of principal and interest into 190,987,049 of common shares leaving a balance of $0 in principal and accrued interest as of September 30, 2023. See below regarding derivative securities in default.
On February 8, 2023, TPT Global Tech, Inc. and 1800 Diagonal Lending LLC entered into a $81,675 promissory note agreement (1800 Diagonal Note #2”). The 1800 Diagonal Note #2 has an original issue discount of 9%, or $7,425, and bears interest at 9%, 22% upon default, and is convertible into shares of the Company’s common stock only under default, as defined. Total of $81,675 plus and accrued interest is due February 8, 2024. A penalty on the principal balance has been accrued of $40,838 because of defaults of covenants on other financing arrangements. At any time following default, as defined, conversion rights exist at a discount rate of 25% of the lowest trading price for the Company’s common stock during the previous 10 trading days prior to conversion. 150,000,000 common shares of the Company have been reserved with the transfer agent for possible conversion under a default. Through September 30, 2023, 1800 Diagonal Lending LLC has exercised its right to convert $17,000 in principal or interest into 25,000,000 common shares leaving a balance of $105,513 in principal and $17,827 in accrued interest as of September 30, 2023. See below regarding derivative securities in default.
It states on one of the reliefs of litigation that any shares that were converted at discount be returned to the companies. Im still doin DD on it. I know they used this lender in the past. Just not sure yet if tptw will benefit from this or not.
What does this have to do with TPTW?
Has anyone seen this? Wasn’t tptw involved with this lender?
https://www.sec.gov/litigation/litreleases/lr-25995
Everyone notices your Bs. You just can’t seem to understand the state of TPt right now. It’s your imagination until it comes to fruition.
The narrative comes from anyone who is claiming something has happened when it hasn’t yet. THaT is your narrative. It’s falsifying what is currently to happening.
Yes. Imagination.
But it just hasn’t happened yet so you can’t claim that it has.
Y’all focus narrative-attention during trading-hours…the public will have noted this fact.
VuMe SuperApp(1st western-hemisphere)beating Tesla…Xiaomi putting Apple/Tesla to shame…TekMovil acquisition huge going forward…wonder which options the sellers went with.
Xiaomi is huge in marketplace..TekMovil brought them to U.S. market..imagine what TPT can do with Xiaomi/Tecno Mobile at the helm of TekMovil
Um nope. Maybe you should concentrate on yourself before telling others what to do. Since you’re wrong and lack knowledge of basic things.
Did you say ‘tekmovil acquisition in days’ a month ago ? Or did you delete those posts too. lol.
Lame as usual. Why don’t you concentrate on the company not frivolous industry news. Oh that’s right. You’re having a hard time defending the company again so you change the subject.
“Dumb Money”perfect title for TPTW/OTC-traders..GameStop story got it already unfortunately… “SmartAF Money” perfect title for TPTW investors who got it right in 2020 and never stopped
EBITDA was a factor in determining TekMovil value..had to have gone up after that growth Xiaomi/Tecno Mobile had first quarter this year. As we know, these are two TekMovil clients.
You’ll be like damn I shoulda done more research..never too late to improve yourself
Lololollll sure
Because it’s not about the industry. It’s about TpT and ST3. Not sure why you changed the subject aaaaaaaaaaggain.
Byeeeeeeee
Will find out which options TekMovil sellers decided…that’s all we don’t know right now..but the seller is bound to the terms they signed as much as TPT is as the buyer.
Buyer/seller signed legally binding contract..bound to the terms.
You haven’t communicated any knowledge of industry current events
Nope. Nice deflection and projection though. You literally have no idea and make shh up.
We all know what tekmovil offers TPT.. it’s why we’re all waiting to see if TPT seized the opportunity and acquired them or not.
I hope it is. Truly.
This is the one… probably the only time I’ve ever seen you say it’s time for company to show something… some-tingggg
“Curious to get update on tekmovil/VUME progress… 7 months+ access SUFFICIENT4UPDATE”
Wow I almost fell back when I read this one.
For once we agree on something.
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