It really is madly funny. I missed it when it was written.
This is my favorite post on this Bored:
It is a fact that some shares trade in PRED. What are the implications of what you quote: "Accordingly, on September 28, 2021, the compliance date for the amendments to Rule 15c2-11, we expect that broker-dealers will no longer be able to publish proprietary quotations for the securities of any issuer for which there is no current and publicly available information, unless an existing exception to Rule 15c2-11 applies... "
What I find is no bid and asked prices but the prices of shares that have traded and the numbers traded. Is there a difference between PRED and TMNA is this regard, so that PRED is in a better position than TMNA?
My impression is that only people who are qualified to be regarded as experts are allowed to buy shares in PRED and TMNA.
Your impression is incorrect. And for obviously reasons, "sophisticated" investors rarely want to buy junk that's been suspended by the SEC for suspected fraud.
Back in 2021, OTC Markets wanted to dedicate the "Expert Market"--its new name for the Grey Market--to something like that. They put a lot of pressure on the SEC to make it happen. But the SEC wasn't playing:
On December 22, 2020, the Commission issued notice of and requested comment on a proposed exemptive order that, if adopted, would grant a conditional exemption from Rule 15c2-11 for certain publications of broker-dealer quotations on an expert market operated by OTC Link LLC.
This proposed order is not on the Chair’s agenda in the short term. Accordingly, on September 28, 2021, the compliance date for the amendments to Rule 15c2-11, we expect that broker-dealers will no longer be able to publish proprietary quotations for the securities of any issuer for which there is no current and publicly available information, unless an existing exception to Rule 15c2-11 applies...
I don't think anything's changed since then. It was a great disappointment to OTC Markets Group.
lucky I am aware that ordinary retail customers cannot buy these stocks.
not sure how many experts there are on ihub but u.s. brokers prohibit their retail customers from buying.
lucky mydog As far as I can see from a chart 0.8 million shares traded late in September in PRED. My impression is that only people who are qualified to be regarded as experts are allowed to buy shares in PRED and TMNA. I have not memorized those qualifications.
Trading is slow but occasionally a lot of shares change hands.
snow, you may be able to trade this because you are outside the u.s.. u.s. customers can not buy, they can only sell, if they even can.
Stock Barber "Warning! This security is traded on the Expert Market." Being on the Expert Market is not good at all but it is not being dead. Readers can check PRED, which is trading on the Expert Market. Some years ago the pps was above 5 dollars. Now it is 0.0001 dollar. Trading is slow but occasionally a lot of shares change hands.
Dead is dead...
I guess I should have said "why bother"?
Technically the SEC suspension ended, that is why.
Thoughts on why they bothered?
Warning! This security is eligible for Unsolicited Quotes Only
This stock is not eligible for proprietary broker-dealer quotations. All quotes in this stock reflect unsolicited customer orders. Unsolicited-Only stocks have a higher risk of wider spreads, increased volatility, and price dislocations. Investors may have difficulty selling this stock. An initial review by a broker-dealer under SEC Rule15c2-11 is required for brokers to publish competing quotes and provide continuous market making.
Warning! This security is traded on the Expert Market
The Expert Market® serves broker-dealer pricing and investor best execution needs. Quotations in Expert Market securities are restricted from public viewing. OTC Markets Group may designate securities for quoting on the Expert Market when it is not able to confirm that the company is making current information publicly available under SEC Rule 15c2-11, or when the security is otherwise restricted from public quoting. See additional information about the Expert Market here.
Warning! Caveat Emptor
OTC Markets Group has discontinued the public display of quotes for this security because it has been labeled Caveat Emptor (Buyer Beware). OTC Markets Group designates certain securities as “Caveat Emptor” and places a skull and crossbones icon next to the stock symbol when there may be reason for investors to exercise additional caution and perform thorough due diligence before making an investment decision in that security. View our other compliance designations to learn more about how we use data to flag risks and inform investors.
The Caveat Emptor Designation may be assigned when OTC Markets Group becomes aware of one or more of the following:
Promotion — The security is the subject of stock promotion that may be misleading or manipulative. Promotional activities may include news releases, spam email, and newsletters, whether they are published by the issuer or a third party. See OTC Markets Group's Policy on Stock Promotion.
Investigation of Fraud or Other Criminal Activities — There is an investigation or other indication of fraudulent or other criminal activity involving the company, its securities or insiders.
Suspension/Halt — A regulatory authority or an exchange has halted or suspended trading for public interest concerns (i.e. not a news or earnings halt).
Undisclosed Corporate Actions — The security or company is the subject of a corporate action, such as a reverse merger, stock split, or name change, without adequate current information being publicly available.
Other Public Interest Concern — OTC Markets Group has determined that there is a public interest concern regarding the security. Such concerns may include, but are not limited to, unusual or unexplained trading activity, spam or disruptive corporate actions, even when current information is publicly available.
OTC Markets Group will resume the public display quotes if we are able to confirm that the company is eligible to be designated as “Current Information” and believe that a public interest concern no longer exists. Investors are encouraged to use caution and due diligence in their investment decisions. Please read our Investor Protection page and OTC Markets Policy Regarding Caveat Emptor for more information.
Caveat Emptor Icon
Delinquent SEC Reporting IconDelinquent SEC Reporting
Caveat Emptor IconCaveat Emptor
Transfer Agent Verified IconTransfer Agent Verified
Independent Directors IconIndependent Directors"
The Expert Market is hardly a good place to trade. I think very few shares can be expected to trade and I would expect the pps to plunge dramatically. Time will show.
There are no shareholders of Tingo... just bagholders!
The following published by TIO about its owners may be of interest to the shareholders of TMNA?
Agri-Fintech Holdings, Inc. (formerly, Tingo, Inc.)(1) 39,826,483 13.92%
Altium Growth Fund, LP 35,486,026 12.4%
Darren Mercer 23,690,939 8.28%
Directors and Named Executive Officers
Darren Mercer 23,690,939 8.28%
Dozy Mmobuosi(1) 39,826,483 13.92%
John McMillan Scott(3) 720,000 *
Hao (Kevin) Chen(4) 330,000 *
Sir David Trippier(5) 200,000 *
Kenneth Denos(6) 45,000 *
John Brown(7) 170,000 *
Jamal Khurshid 50,000 *
C. Derek Campbell — —
Moran Amran(2) 487,500 *
Directors and executive officers as a group (9 persons)(8) 65,519,922 22.9%
Drawing at straws here but I read the suspension again and it specifically notes TIO-Tingo group and it's $s and communications. I do remember mths back when the "other guy" was in charge and the stock went, I believe, somewhere from where it is now to @ $6 or so and then plummetted back down there were posts about getting a lawyer involved and that a lawyer may have been assigned to take on cases of investors who feel they were swindled with TIO....do you think this is why the SEC is involved? I'm still holding on to a very slight hope that tmna will come out of this okay.
here is what the jackasses said for tio.
TMNA is completely worthless, sorry to say.
gullibility? greed? gross stupidity?
As a tmna shareholder we go one day thinking if we got 100k shares of tmna we will get @33k shares of tio valued anywhere from $22k-$25k depending on the pps to....you lost the value of the 100K shares you purchased. Is that so? I guess we have to wait for SEC.
And this is all they say:
Disclosure information relating to the Registrant cannot be analyzed and completed on a timely basis due to difficulties encountered in connection the Registrant’s decision to commence liquidation during the fourth quarter of 2023.
TMNA is also connected to Leslie Greyling, which is a very Bad Thing:
Was that day today?
One of these days, very soon, these cheap shares will be gone, and we'll all be glad we bought all we could when they were on sale at less than .38/share.
I just grabbed a few more: put my order in at the ask of .3845, and it filled at .3751.
UNITED STATES OF AMERICA
SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934
Release No. 34-98921 / November 13, 2023
The Securities and Exchange Commission announced the temporary suspension, pursuant to
Section 12(k) of the Securities Exchange Act of 1934, of trading in the securities of Agri-Fintech
Holdings, Inc. (TMNA) (CIK No. 0001648365), of Draper, Utah at 4:00 a.m. EST on November
14, 2023 and terminating at 11:59 p.m. EST on November 28, 2023.
You can shure pick these scams to blow munny into. More adroit scamvesting,chump.
Hold for ZERO.
nah, i don't make price predictions.
Do you have a bottom call for it?
yeah, that's what happens with suspensions.
Oh please tell us how being connected to British Parliament has any bearing on whether their business is real or not?
Also to remind readers here... that the BOD have links to the highest echelons of British parliament... LMFAO one board member is knighted by the late Queen, and they have a lot of shares.
So again we will have to wait.. and I guess British parliament members will have to also, along with all the shorts.
o'k. you are now being too stupid to respond to. enjoy your education.
Ok and? It opened trading basically 2 weeks later?
You said there is no stock like it, rebuttal 2 min later easy info you could have found on your own.