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https://www.otcmarkets.com/stock/TPTW/overview
Straight to Expert market …
Delinquent SEC Reporting
That money guy keep mentioning CEO lie this and that...I read all his posts I feel shock!
Wow finally someone know!🤪
Are you referencing this? If so, this is not regarding the Tekmovil acquisition.
https://www.otcmarkets.com/stock/TPTW/news/TPT-Global-Tech-Announces-Loss-of-15c2-11-Status-Due-to-a-Late-Filing-and-Actions-Being-Taken-to-Regain-Compliance?id=417984
Was it the first time.. or second time they went back to pink status? lol
As Clara used to say. "Where's the BEEF~?"
Been waiting for detailed financials how many years~?
VuMe.......
Post it then. Let’s have it. I’m always open to discovering something I have missed.
U need to do more homework! U need to pay attention to detail man! Read what CEO said when they went back to pink status!! I give u tip there 😜
Reminder- company said…
“The acquisition for 60% ownership includes two payments totaling $40 million. The initial payment, up to $20 million, can be settled either in cash or through TPT Global Tech Series E Preferred Shares, with a minimum of $10 million in cash paid by October 31, 2023, unless extended by Tekmovil shareholders. Any remaining balance from the first installment can assume the form of a promissory note up to $30M USD, payable on or before March 31, 2024, funded from the proceeds of TPT's planned public offering. The subsequent $20 million payment, at Tekmovil shareholders' discretion, can be fulfilled in cash or TPT Global Tech Series E Preferred Shares. Furthermore, a provision allocates up to $80 million of funds raised from TPT's public offering to facilitate the restructuring of Tekmovil's senior debt through loans encompassing a 5-year term with provisions for expedited repayment to TPT. Finalization of these transactions by March 31, 2024, is subject to adjustment up or down depending on Tekmovil's EBITDA results from the following twelve months, completion of audits, and other customary closing considerations. Funding for this acquisition is intended to come from existing Reg A capital raise, debt financing, or the proposed public offering. For more information see TPT's Form 8K filing
….. today is April 16th….
We are going to end up being too late to the game with VuMe soon. Hope this can get out sooner than later.
https://www.cnbc.com/amp/2024/04/16/trump-media-shares-fall-7percent-after-saying-truth-social-to-launch-tv-streaming-platform.html
lol damn.. everyone’s disappointed today. With reason I get it… Really hope this turns around man and they don’t drop the ball on tekmovil…
For sure tekmovil has not gone through. If it had , company would be eager to share. And obliged as you stated for it’s a material event.
Couldn't pass the BAR exam
Another fumble from good ol’ TPT. I should be used to the disappointment by now…
Already stated otherwise, a dozen times. You made up your own rules, FINRA’s are quite different. The TA reports the numbers. But please show me there’s been no dilution? And while you’re at it, show me where I supposedly said:
“dilution happening AVG guys this not good” https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174234897
Fact is, I didn’t. You made it up. If you have documented proof from FINRA, post it with the rule number. It can’t be done since there is no such homemade rule. Again,
Section 404: Weighted Average Price/Special Pricing Formula Transactions
Q404.1: Member BD1 executes multiple trades to satisfy a customer order and then trades with the customer at a price equal to the volume-weighted average cost of the original trades plus a net difference in accordance with a net trading agreement with its customer. How should BD1 report the trade with its customer?
A404.1:
1. The original trades and the customer leg of the transaction should be reported to the tape, and the report of the customer leg should include the weighted average price (.W) modifier.
2. For example, member BD1 receives an order from a customer to buy 5,000 shares of ABCD security and accumulates the shares through five separate trades.
3. Each of these five trades is reported to the tape.
4. BD1 then sells the 5,000 shares of ABCD to its customer at its volume-weighted average cost with a net difference to reflect the compensation agreement between BD1 and its customer. BD1 should report the sale of 5,000 shares to its customer to the tape with the weighted average price
What is there to prove ?
The tekmovil acquisition has not happened (on March 31). It would have been a material event and they would have need to have filed an 8k. I don’t need to prove anything. You need to prove it has happened. What a numb nut.
Also like I said, it seems you’re trying to pay the ground work for the S1 and a new bunch of shares.
There will be no grace period (yield sign) since TPTW is not in compliance with Rule 15c2-11. I do not believe there will be a grace period, and they will move directly to EM.
(Last-free-post)Legit OTC-companies are easy targets for this kind of activity..no doubt the TekMovil acquisition process is leaving no stone unturned..Legit OTC companies have limited resources which makes them easy targets. As a shareholder, this is my duty to protect my investment. If I don’t see something is right, I figure out why just as I have with the OS situation against trader-groups…next OS update soon enough..how many days you got remaining?
Can’t brush what happened prior…will get updated-OS soon-enough..then will see what else gets updated…this is good step forward. Company claims it operated in good faith and evidently there was a bad faith situation not in company’s control. Burden of proof is on you to state otherwise
Seems highly suspicious just like the IST after a year later they having to sell it away finding an undisclosed issue with the other president. Yeah. Sounds sus.
And yet… not ONCE, have you even brought up what the company just put out in an 8K. lol. So yeah. If someone referenced your jibberish, they’ll see you circumventing every normal question one would ask about the company and the actual 8k stating they pulled out assets and have to restate their quarterly. This is why you’ve been hyper active with your crazy conspiracy rants trying to blow smoke screens for the company.
Didn’t you say the acquisition of tekmovil was done ? As in done done? Yes. Yes you did on several occasions. And you didn’t even bring the March 31 deadline up either. Or the BII acquisition.
Now it sounds like you’re setting up for a new S1 to get that equity financing through selling common shares. Sure sounds like it.
lol. Yep. Everyone knows your game.
Thanks for the synopsis, pea. It’s not great news but not the worst, although getting a yield sign again is disappointing.
One more thing, did they just now learn of an undisclosed mortgage? How long ago was the purchase?
Subsequently, the Company learned of an undisclosed mortgage on the subject land that would have impaired the land and also discovered the inability to use as consideration its Series E Preferred Stock. Both parties on April 12, 2024 agreed to cancel the transaction.
What? That was a lot of nothingness, it’s unnecessary and silly. The company provided information, I’m not thrilled but I can deal with it.
FYI, I don’t do conspiracy theories, mx.
(Updated)There’s always tomorrow until there isn’t..will see updated-OS-soon-enough.
It’s considerate/good-intentioned to put “(Updated)” in front of an updated message so any future references to it will know that the person responding was given opportunity to respond accordingly with updates information.
Just so everyone knows, this message was updated only because the one preceding it was as well and has not yet displayed this fact.
Nonsense. That’s why you’ve been posting like there’s no tomorrow, communicating to yourself over and over. We have info from the company now, it’s so much better than countless conspiracy theories.
Nice way to misinterpret what I said.
Sounds like a fancy way of saying buy low - sell high
This is why I do it..for-the many that can’t.
I wouldn’t recommend it..price was inflated to sell to new-money by trader-groups…profits were used to buy new shares at deflated prices…just in time..let’s see what the updated OS shows.
Keep buying then. If you are so sure it's going to moon, then these prices are an absolute bargain. If you're not slappin' that ask, All your rhetoric is BS.
That really goes for any of the true believers out there.
Add it to the laundry list.
It beats you communicating the same thing over and over to yourself.
So many members..to communicate same thing to eachother lol
Ah… North Carolina. I knew it was one of the Carolina’s.
That's what I read. And the deal for pand ownership in Charlotte NC fell through
I was wondering why MX was turning up the ‘crazy’ volume …
They are restating their financials losing / removing the land purchase they had supposedly done ( was it South Carolina?) reducing their overall assets. Also stating they don’t have enough money to get people to to control / manage disclosures (I’m assuming 10Qs and 10Ks) and they don’t have enough external independent directors ? Well that’s not good also if they want to do Nasdaq eh?
At least they had the foresight to set expectations. SMH.
Of course maybe they are spending all money and effort for vume? …
“The impact of this restatement on the Company's third quarter 2023 unaudited condensed consolidated financial statements will be a $1,226,000 decrease in Total Assets and $1,226,000 decrease in Mezzanine Equity on the Condensed Consolidated Balance Sheet as of September 30, 2023. There is no effect on the Condensed Consolidated Statement of Operations, Condensed Consolidated Statement of Stockholders Deficit or Condensed Consolidated Statement of Cash Flows for the three and nine months ended September 30, 2023.
The Company entered into an agreement to acquire land per the Real estate Land Purchase and JV Real estate Development Partnership Agreement dated July 14, 2023. It was management’s understanding the due diligence was completed and that the Company could record the acquisition on its books and records as of this date. Subsequently, the Company learned of an undisclosed mortgage on the subject land that would have impaired the land and also discovered the inability to use as consideration its Series E Preferred Stock. Both parties on April 12, 2024 agreed to cancel the transaction.
Management has determined that the errors described above do not change management's previous conclusions regarding the effectiveness of the Company's disclosure controls and procedures as of September 30, 2023. Due to the lack of personnel and outside directors, management concluded that the Company’s disclosure controls and procedures are not effective as of such date. The Company anticipates that with further resources, the Company will expand both management and the board of directors with additional officers and independent directors in order to provide sufficient disclosure controls and procedures.”
expect amended quarterlies for Q3 '23 by Apr 19. No mention of the timing of the annuals...
"the Company intends to restate the aforementioned financial statements by amending its quarterly reports on Form 10-Q for the quarter ended September 30, 2023, as soon as reasonably practicable. The Company expects to file amended quarterly reports on or before April 19, 2024."
https://www.otcmarkets.com/filing/conv_pdf?id=17452013&guid=LsQ-kKwg3idfJth
8k out! Expect 10k out before April 19!
End of day …. From that calendar it looks like today is when the NT filings are due
Not broke but busted..this board has been busted…narratives by trader-groups have come out to play now that they’ve contributed some significant volume trading
Same to you and almost everyone!
Hahhahahaaa. lol
He doesn’t own much and is just here to create buzz. AI GG. Fodder. Anything to keep the board active I guess.
Good luck to you / us.
I do all this for the individuals who can’t
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