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TMNA painted nice for the mm's earlier on scared retail slugs.
$TMNA: TingoINC only generating $900Millly Annual-Revs
No big deal for a Massive AgriFintech player in Africa right ???
Pretty much everyone in Nigeria does all their Mobile Banking on the go after all.
This is as cutting edge for Africa as it gets.
And the amazing thing is, HARDLY ANYONE KNOWS ABOUT THEM... Except US
You saw $AERC just go from $1 to $24/sh....... $TMNA is MUCH BETTER than that
GO $TMNA
75 shares traded didnt make the close, it was the 10x the daily average volume of purchases that pushed this throughout the day. Looking good here, merger of a company that can expand by bounds in Africa and Asia with already pulling around 1B $ of revenue, as well as ambitions here in the U.S. to expand.
TMNA see it was a tape paint seconds before the close.
TMNA closed .9899?
Strong close, merger activity on the charts are now being felt!
Lol keep watching
TMNA .66 on bid, .42 feels better now.
Market Participant Identification
Market Makers, MMs
Thanks nice update, this will be a huge merger!
Stock promotion tag being removed
$TMNA
— OTC Updates (@OtcUpdates) June 28, 2022
💰0.4500
Pink Current, AS: 1.2B, OS: 1.2B, US: 162M
⚠️Stock Promotion Badge Removed...
Full Details: https://t.co/CwJpyhP91N
Has not been grape so far. Got out a couple weeks ago. Keeping it on the watchlist for now.
Nice grab!!!! Bids UP!
Was up, damn I literally posted this then it was slapped back down.
MM let me get some below my bid to match lower bids @ .42
I think only a matter of time, but yes the spreads are crazy. Traders or MMs walking this down to scare shares out maybe.
Merger seems to be huge. Larger bids in the 30s now showing.
What's going on with this one? Free fall lately
$TMNA: Ya I read that........ $20/sh coming
You see how $AERC roared up to $24 today.
That happened with the RM as well.
Watch $TMNA do the same thing.
Super steal here at 0.65
GO $TMNA
PR from MICT about Tingo Merger...
MONTVALE, NJ , June 15, 2022 (GLOBE NEWSWIRE) -- MICT, Inc. (NASDAQ: MICT ) (“MICT”) is delighted to announce that further to the signing of a definitive merger agreement with Tingo Inc. ("Tingo") on May 9, 2022 , it has completed a thorough and extensive due diligence exercise on Tingo and its subsidiaries by leading advisors. Pursuant to this and the completion of the due diligence work undertaken by Tingo on MICT , the parties have entered into an Amended and Restated Merger Agreement.
To advise MICT on the transaction and due diligence alongside its retained advisors, the Company appointed Big Four accounting firm, Ernst & Young , together with the world’s largest law firm and leading global law firm in Africa , Dentons, and No.1 investment bank for global M&A transactions, Houlihan Lokey.
As part of the due diligence work and advisory work on the transaction, Ernst & Young , through its international offices and Lagos office, undertook buy-side Financial Due Diligence, Tax Due Diligence and a Quality of Earnings analysis. In addition, Dentons, through its New York office and Lagos office, undertook Legal Due Diligence, whereas Houlihan Lokey, through its New York office, undertook certain financial analysis and provided financial advice.
Following the completion of its due diligence work, MICT has held discussions with Tingo regarding the accounting treatment of Tingo Mobile PLC’s previous merger with iWeb Inc. on August 15, 2021 (the “iWeb Transaction”). In response to these discussions, Tingo has agreed to change the accounting treatment of the iWeb Transaction under the reverse acquisition accounting rules, instead of the previously used forward acquisition rules. This change of accounting treatment by Tingo has no impact whatsoever on the results of Tingo’s trading company, Tingo Mobile PLC , and nor does it have any impact on the outcome of MICT’s due diligence. The agreed reverse accounting treatment is expected to assist with the preparation of pro forma financial information and the process of completing the Form S-4 Proxy Statement, as is required to be filed under the Security and Exchange Commission (“SEC”) rules.
Darren Mercer , CEO of MICT , stated, “Having engaged some of the world’s leading and most highly reputed accounting firms, law firms and M&A investment banks, the quality of the due diligence and financial analysis we have undertaken on Tingo gives us great comfort. We are also significantly assured by the extensive scope of such due diligence and the related reports, and by the fact that no ‘red flags’ or material concerns have been raised.
“The results of the due diligence, although not unexpected, have given MICT’s Board further confidence in support of their commercial view that the merger with Tingo is a significantly value-accretive transaction for MICT’s shareholders. This view is further underlined by the Q1 2022 results announced by Tingo on May 16 th, 2022, which reported total revenue for the quarter of $257.1m , operating income of $65.5m and Non-GAAP adjusted operating income of $143.9m , and equated to substantial growth quarter-over-quarter. Moreover, Tingo’s high-margin revenues from its NWASSA Agri-Fintech marketplace platform for Q1 2022 of $121.4m , represented an increase of $43.5m or 55.9% over the previous quarter, a trend which we expect to continue throughout the rest of the year, and beyond.
“The combination of MICT and Tingo creates a formidable fintech group and opens many doors for each parties’ business. We are particularly excited to introduce Tingo’s products and platform to China’s huge agricultural market of several hundred million farmers and to its wider population, as well as into other parts of Asia . We are also looking forward to working with Tingo to accelerate the globalization of our own platforms and business verticals.
“One of the many attractions to us of the merger, is the opportunity it gives us to join Tingo in achieving its mission to improve food security, not only in Africa , but also for the populations of China and the rest of the world. In addition, we aim to work together with Tingo in utilizing our strong combined balance sheets and cash balances to identify further synergistic and value accretive opportunities, through which to expand the group and grow shareholder value,” concluded Mr. Mercer .
$TMNA: Yes Tingo is a Very Important Company Important message on the importance of collaboration and innovative financing solutions to help Africa, and the world, confront climate change
They revenues that they are generating are unbelievable as well.
You must read this article..................
@KGeorgieva @Presidence_RDC https://t.co/vbqw0uKogO
GO $TMNA
Cant wait to see what comes of this company. amazing what they are doing in their part of the world.... GO TINGO.
Some companies are just for trading, but this one I actually feel like is making a true difference in peoples lives. I try not to fall in love with stocks like I did bseg, but TMNA and Tingo's story is one to get some love.
Spreading the word when I can:
https://twitter.com/DawgTrading/status/1537061623034159105
Sent that to a few other people as well... more need to know about Tingos efforts!!!
Hell yea GO $TMNA
$TMNA: Africa CEO Forum begins in DOHA, Qatar today Honored to be representing @tingo_inc at the @africaceoforum and proud that Tingo stands at the forefront of many of the issues that will shape the future of Africa : food sovereignty, financial inclusion, logistics optimization and digital transformation@jeune_afrique #acf2022 pic.twitter.com/kyO8VjPbrq
Moreeeeeeeeeeeeee global visibility coming to $TMNA and more investor
dollars as well.
GO $TMNA
Holding up well, not many sales into the bid last few days week. Ready to rock!
$TMNA: Its Juneteenth week here............
Most Juneteenth tickers like UONE UONEK BYFC and CARV tend to go around
this time every year.
TMNA is one of them.
GO $TMNA
Seem to be walking this down, we need buy volume here.
$TMNA: Bingo.......... adding more TMNA !!!!!!!
I love REVENUESSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSS
Tingos GOT THEM.
THis will shoot to $2.30 shortly like $BDCO did from these levels.
GO $TMNA
Interesting expanding volume, and short interest going on in MICT
https://www.nasdaq.com/market-activity/stocks/mict/short-interest
Agreed. I bet we see a nice push over a dollar by EOM if not sooner.
Spread is tightening, is this basement bargain prices here, support from 0.60 - through 0.70s
$TMNA: Should be a new Investor Presentation coming out
But this was the latest one..............
https://tingoinc.com/wp-content/uploads/2022/02/Panel-Presentation-02-09-2022-FINAL.pdf
Numbers need to be updated on it.... should be more info coming on the Visa
Partnership and maybe they get something with MasterCard and others coming
soon as well
Last post of the day since I don't have a membership.
HAVE A GREAT EVENING !
GO $TMNA
Thanks for the insights - will keep a close eye on TMNA
$TMNA: Welcome welcome..........
Glad to see you're able to make some money.
There are plenty of fluff tickers out there but when you come across those
that are actually producing something and driving revenue, then its not
hard to realize that there is still significant upside value in them.
After all, Tingo Mobile is a Reverse Merger into a clean shell that used to be $IWBB.
If anything, you're getting some really good share price entries here as
I was even loading higher than this. But I'm still loading, not done.
Making enough MONEY on $BDCO and $TZPC in the past that there is plenty
to go around.
Enjoy the ride......... These are all Africa revenues as well, not AMERICAN so
they are independant of what is hapening in the us ECONOMY wise. 100% of
their revenues that have been growing are ALL FROM AFRICA.
AND GROWING.
After DOZY does his conference in QATAR later this month, I wouldn't be
surprised if even more investor dollars come into $TMNA because you know
how much money is in QATAR and they are always looking for new opportunities over there to get into.
Inflation here in the US and market pullbacks as a result do not impact them !
I have 4 other tickers that recently IPO'ed no one is watching but just wait
till you find out what they are. They are primed for a big bounce as well, kinda
like what just hapened to $AERC today.
GO $TMNA
Followed you on BDCO, in at 1.45 - but i dont follow you blindly
I agree with you 100%. Let's ride.
$TMNA: WRONG... read the filings..............
Look at the dates in the directors filings on how long they have to hold and are restricted from selling their shares.
THE DATES !!!!!!!!!!!!
FIND THE DATES........... they are in them.
Each one of them has their own filings.
When you see it........... you will understand the lockup is out for quite some time.
You and I and the rest of RETAIL is not restricted.
They are and they have major amount of shares as well.
So they have a very very big vested interest in the company
That is how the conditional change was accepted when $TMNA changed over
from $IWBB last year.
GO $TMNA
$TMNA: Remember when people were saying Hard-to-Believe.....
$BDCO is at 0.40 ????????????????
Wasn't too long ago actually.
Well guess who was SCREAMING AT THE TOP OF THEIR LUNGS ????
So where is $BDCO today ??????????
Now 2.15 !!
I WANT REVENUE....... MEGA REVENUE.
This one is 3x the REVENUE annually that $BDCO is at and look at how lowly
the market isn't capturing the value here.
I am .......... they can catch up whenever they want, I'm loading and loading and loading.
GO $TMNA
$TMNA: Let me know how much insider shares is restricted
FROM SELLING.
When you find out what that is, you will realize that AS ........ is insignifcant.
Make sure you go thru the last filings on OTCmarkets.com, thats where all the
information is.......... but its also in many of my earlier posts this year as well.
GO $TMNA
what's your opinion about the share structure? AS is quite high.
LOL Same I bought at 0.80 went to 0.75 instantly like come on
I bought some also, of course it dropped as soon as I bought it. Hopefully this has a nice run if they(the powers that be so to speak) don't destroy the whole world economy.
But posting about 1 billion in revenue per year... per audited fins.
Added a few here under $1 today.
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