Tingo Inc (TMNA)

[QaB2i]

Kudos Mr Barber.

[Stock_Barber]

Time to shut the lights off here...

💡

[JACKLUKE]

Positive news, I guess.

[Anonymousfinance]

Tingo Group to file Form 25 to voluntarily delist its common stock from Nasdaq.

Ask yourself or research where else did this company invest to move the money away from Tingo. What US based companies. The answers are out there. The money is around. Google is good for searching.

[Stock_Barber]

Tingo's books, audited by Deloitte, listed a cash balance of a staggering $462 million. However, subsequent investigations by the Securities and Exchange Commission revealed that the company only had $50 in cash, according to a Forbes' report.

Just a rounding error, I'm sure...

☠️

[bar1080]

"Deloitte Under Scrutiny After Missing Tingo's Alleged $462-Million Fraud"

"The story unfolded in June 2023, when short-selling firm Hindenburg Research released a report titled 'Fake Farmers, Phones, and Financials – The Nigerian Empire That Isn't', accusing the agri-fintech group of companies of fabricating financial statements. Hindenburg claimed Tingo's inflated financials "could have been spotted by any semi-conscious finance undergrad with severe vision loss",

Read more at: https://www.ndtvprofit.com/business/deloitte-under-scrutiny-after-missing-tingos-alleged-462-million-fraud

[shajandr]

[shajandr]

[snow]

4gh Thanks for your nice comments regarding my posts on SPZI. My agenda generally is to try to find the truth since I regard the truth as a useful basis for investment decisions.

[janice shell]

Where Tingo--either Tingo Group (TIO) or Tingo Inc (TMNA)--is concerned, there are no "green flags".

None at all. It is a total fraud. A made-up company.

[Stock_Barber]

They should have saved that article for April 1st!

[JACKLUKE]

https://thebossnewspapers.com/2024/01/21/why-tingo-must-continue-to-thrive-dozy-mmobuosi/

[4gh1rx]

re: fair minded approach


Tingo Inc. (TIO)

Good, well considered and even-handed evaluation of the pro's and cons
of evaluating an OTC or a big board ticker. Your example of seeing the red
flags and green flags and weighing both (as opposed to seeing just one side) is most instructive for calculating risk which, as you
pointed out, is crucial necessary as risk constitutes an intrinsic factor.
Your messages on sp*zi are good reading. Worth bearing in mind.
The caustic response of dr-draino was pompous,haughty, and unnecessarity shrill.
_________________________________________________
Let's hope Tingo, Inc shows some vigor.

[Stock_Barber]

I was thinking criminally charged as well!

This was obvious fraud, and they were complicit!

[snow]

I think Deloitte should be sued.

[Stock_Barber]

Deloitte has continued to remain silent throughout Tingo's collapse. We believe they owe the investing public an explanation and hope they are eventually forced to address their unfathomable failure to uphold basic auditing standards.

They better not skate on this! They were extremely negligent... at best!

[TheFinalCD]

Update: Tingo just reported that Deloitte resigned last week, on January 16th.

Far too little, far too late. https://t.co/iS2JdLrQwk $TIO https://t.co/L87rhPUVXE

— Nate Anderson (@NateHindenburg) January 22, 2024

[shajandr]

jrf30 gott skinned in this Nigerian scam. And skinned in his other pennyturds.

[snow]

Stock barber Impressive! I forget if you warned us when I bought my first shares in this stock last year at somewhat more than 30 cents.It was then a very tight market and my purhases lifted the pps by tens of percent as far as I remember.

[Stock_Barber]

I posted this 11/4/2022:

At some point, all shareholders have to ask themselves... Have I been taken by a phony Nigerian scam?

Imagine the money that could have been saved if traders did ANY DD rather than attack those that do!

💲💲💲💲💲💲💲💲

[lucky, mydog]

i brought very little to this table. credit goes to mr. barber.

[snow]

lucky My impression over a considerable period of time is that you have a factual apporoach. Some socalled bashers are useful for those of us who are not just intrested in making money but in the important facts.

[lucky, mydog]

No, I tell the TRUTH and support it with FACTS!

you don't and you didn't.

[shajandr]

The dumb pennyscam rubes never admit that they are gullible and stupid. Butt they are.

It is always hilarious when they bitch at the posters who were right and, if they had listened to them, would have caused then to avoid further losses in the obvious pennyscam.

[shajandr]

🤡🤡🤡

[stocksbelow1]

As I thought, you don't trade the OTC, you just bash the OTC. Maybe you didn't read that I retired in my 40's and I'm in my 60's. I know the OTC very well. Many are scams like TMNA, many are not scams. It only takes 1-2 per year if that.

[Stock_Barber]

The best OTC picks are no picks at all. The OTC has a net outflow of money. It is not the place to be.

Maybe try the lottery?

[stocksbelow1]

I'm waiting on your OTC picks!!! I think ill be waiting a long time!!! Enlighten me wise one!

[stocksbelow1]

On this Name I wasn’t! Congrats to you! Now I’m going to go on and trade the markets including the OTC. Maybe next time I will listen to you! Probably not. Until then I will do my own DD and live a happy life! I wish the same for you!!! And btw, send me your OTC picks, I’ll happily do some DD and buy plenty if I believe!!! All the best!!!

[Stock_Barber]

Well, you certainly aren't very good at DD... a few examples I posted over a year ago:

During the 1990s, Chris Cleverly presented on Channel 4[5] and contributed to other television channels, radio and newspapers.[6][7]

In 2005, with British designer Ozwald Boateng, Cleverly co-founded the Made In Africa Foundation,[8] a Uganda-based organisation established to provide first-stage funding and business development of infrastructure projects. Cleverly was co-architect of a $1.5bn “Africa50” fund in conjunction with the African Development Bank.[9][10]

Later described by The Times as a someone "who ... has skipped from venture to venture with little apparent success",[2] Cleverly joined AIM-listed African Potash as its chairman in 2015. The company was developing the Lac Dinga potash project in the Republic of Congo.[11][12] However, the business collapsed in value and was delisted from AIM. Renamed Block Commodities it then focused on blockchain technology in 2018.[2][13] In 2019, Block Commodities was licensed to grow and import medicinal cannabis, striking deals to buy land in Sierra Leone;[14] however, the deals collapsed, Cleverly stepped down as chair, and the firms shares were suspended.[2]

In 2019, Cleverly, then a partner at private equity firm PAI Capital, led a bid to buy West Ham United Football Club.[2][4]

Cleverly is the president of Tingo, Inc, an agri-fintech company, and of Tingo International Holdings, an investment company.[15]

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=170084509

CEO Dozy Mmobuosi - Tingo Cofounder: Arraigned on an 8-count charge of conspiracy and issuing bad checks!

And his partner (Chionuma) jumped bail and vanished!

https://tingoinc.com/management/

https://abiodunborisade.com/efcc-arraigns-mmobuosi-odogwu-banye-a-k-a-dozy-both-oil-marketers-of-issuance-of-n31m-did-cheque-way-back-2018/

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=170084713

[stocksbelow1]

Because I've read your posting history until I finally got bored of reading the same negative Nelly posts.

Why do you think that? I own several! But they are REAL companies, not P&Ds!

Not one fact did I ever see you post on the TMNA board, only conjecture, and opinion. You turned out right! congrats!!! I lost money, and that part is fine, and its on me! I never ever saw anyone lying on this board, or pumping. If a person likes a stock, they say so, if they don't, they say so. It's an opinion board.

No, I tell the TRUTH and support it with FACTS!

So if I understand you... lying pumpers are good, honest fact-based critics are bad?

[Stock_Barber]

You don't own a OTC Name

Why do you think that? I own several! But they are REAL companies, not P&Ds!

you spew negative Nancy

No, I tell the TRUTH and support it with FACTS!

So if I understand you... lying pumpers are good, honest fact-based critics are bad?

Wow...

🐑

[stocksbelow1]

I don't blame anyone for my losses, never have! I take responsibility for my decisions. Thought I made that clear. I do ok. Live a happy life, play golf 4-5 days a week, have a boat parked at my dock in my backyard! And I don't care what other people buy/sell in the OTC. I post on boards I buy, you spew negative Nancy on almost all of your posts that I reviewed. Why is that, out of curiosity? You don't own a OTC Name, but yet, you spend plenty of time spewing negativity on the boards you post on? GLTY ma'am!

[Stock_Barber]

I trade the OTC at times. What difference does that make?

Facts are facts... the messenger is irrelevant!

What you are really saying is that you blame the messenger that told the truth for your losses?

[stocksbelow1]

I never said it was wise! I lost, and that's fine. Win some lose some. I can't stand you keyboard warriors that don't trade in the OTC to tell me anything, let alone that I've made a bad choice! I've been retired since my 40's, and now in my 60's, and i trade the OTC on the daily!!! You?

[Stock_Barber]

But one thing I also learned along the way, I will never ever listen to you negative nellies in stocks that I own

Yes, listening to pumpers and burying your head in the sand and losing 100% of your investment is clearly the wise decision!

[stocksbelow1]

Looks like I lost a few thousand!!! It's ok, that's part of trading high risk penny stocks! I believed financials and the CEO, and PR's, over a few guys that have nothing better to do than spend countless hours on message boards spouting their beliefs. If I'd have been smarter I'd have sold earlier and not lost it all. Lesson learned. But one thing I also learned along the way, I will never ever listen to you negative nellies in stocks that I own. I will wish you good luck however, if you ever decide to actually buy an OTC Name!!!

[Stock_Barber]

Yup... and I picked it up over a year earlier...

Look at the players that promoted it... were they in on it, or just HORRIBLE traders incapable of basic DD?

🦨

[TheFinalCD]

2ND HAND CLOTHES SELLER LL

[shajandr]

jrf30 would invest in that imaginary airport. Even now

[TheFinalCD]

if you believe everything you see & read


this guy has an airline to sell you

[Stock_Barber]

Dont worry......... TMNA getting uplisted sooner

Should anyone worry yet?

🦨

[Stock_Barber]

Yet very few here did seem to be aware...

[TheFinalCD]

answer 12:46

let that be a lesson is confidence

especially in overseas companies chinese, nigerian etc

some people on this board do better DD than D&T (smh)
shame on D&T

[shajandr]

Only the most blind, deaf, and dumb pennyvestors could nott see that Tingo was an obvious, blatant SCAM from the start.

Suckers getting suckered in another ridiculous Nigerian scam.

[TheFinalCD]

The $1 Billion Nigerian Company That Doesn't Exist

[shajandr]

jrf30
Wednesday, February 08, 2023 1:40:28 AM

"Anything goes lower than $0.34 in TMNA im buying "

It won't. At least not for more than a few minutes.

Just sayin' .... it won't get below $0.34 for the next week or two. wink Maybe never, if things go smoothly and we get a few more people in here.

Hahaha! Chuckles.

bar1080
Sunday, January 14, 2024 10:42:30 AM

"An exceptionally obvious scam with completely fabricated financials"

Tingo in a nutshell

https://www.zerohedge.com/markets/hindenburg-founder-warned-deloitte-5-months-over-tingos-massive-fraud-sec-doj-stepped

Soooo obvious!!

[Stock_Barber]

Hindenburg Founder Warned Deloitte 11 Times In 5 Months About Tingo's "Massive Fraud" Before SEC, DOJ Action
FRIDAY, JAN 12, 2024 - 12:40 PM

As we wrote back in December, the SEC charged publicly listed company Tingo Group, a Nigerian "agri-fintech" company with "massive fraud", claiming that almost every aspect of the company - including its partners and its financials - was fabricated. Short seller Hindenburg Research had written about the company on June 6, calling it "an exceptionally obvious scam with completely fabricated financials".

In a not-so-surprising development, the Department of Justice joined the party earlier this month, charging the company's founder and former CEO, Dozy Mmobuosi, with securities fraud, making false filings with the Securities and Exchange Commission, and conspiracy charges.

"Mmobuosi spearheaded a scheme to fabricate financial statements and other documents of the three entities, Tingo Group Inc., Agri-Fintech Holdings Inc., and Tingo International Holdings Inc. and their Nigerian operating subsidiaries," the SEC wrote in a release last month.

But in a slightly more surprising development, yesterday the short seller who originally pointed out concerns with Tingo released a tranche of 11 emails it had sent to Tingo's auditor, Deloitte, warning them about potential fraud at Tingo.

"Today, we are releasing 11 emails we sent to Deloitte's senior leaders, spanning nearly 5 months, that documented flagrant signs of fraud at Tingo Group, one of the most spectacular Big 4 audit failures of our time," Hindenburg Research founder Nathan Anderson wrote on X yesterday.

"Our letters pointed this out clearly and repeatedly, but Deloitte stood by and failed to act despite being presented with overwhelming evidence," he continued.

He then linked to all 11 emails which show Hindenburg clearly putting numerous people with Deloitte e-mail addresses on notice about Tingo. Anderson wrote in one email to the auditor:

As Warren Buffett once said: “It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you'll do things differently.” Deloitte has an otherwise strong global reputation that it has earned through decades of difficult audit work—we hope to see the firm continue to protect its brand. We think this should have been obvious months ago, but better late than never.

'Deloitte’s audit work is meant to provide foundational comfort to investors that a company’s financial statements can be trusted. It is meant to be an investor’s first line of defense, yet Deloitte is tracking to be dead last in recognizing the issues at Tingo," he added.

"The lack of action by Deloitte in the face of overwhelming evidence has maximized the harm to prospective investors that continue to believe in Tingo’s obviously false financial statements."

"I am following up with new evidence that Deloitte Israel’s audit client, Tingo Group, continues to exhibit glaring red flags indicating that it has fabricated its financials," Anderson wrote in one email back in September 2023, while Tingo was still trading.

Then, weeks before Tingo shares were halted, Anderson wrote, alongside of compiled evidence of fraud: "Everything we have written to date is easily verifiable with the links made accessible in this series of salty emails. All of the above is easily verifiable through government and company provided data. Once again, despite the overwhelming evidence, Deloitte continues to stand behind the company’s crystal-clear lies in one of the worst displays of auditor gross negligence we have witnessed."

https://www.zerohedge.com/markets/hindenburg-founder-warned-deloitte-5-months-over-tingos-massive-fraud-sec-doj-stepped

[shajandr]

https://www.justice.gov/d9/2024-01/u.s._v._mmobuosi_indictment.pdf

[shajandr]

jrf30
Thursday, February 16, 2023 3:57:18 PM

Hey, I took out .3097, .3098 and most of .3101. ANyone else want to clear the last few before close?

You shure can pick these pennyscams!

https://www.justice.gov/usao-sdny/pr/founder-and-former-ceo-tingo-companies-charged-securities-fraud