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Last night there was a bid at 2.9 mil. No longer there
“250,000,000
common shares of the Company have been reserved with the transfer agent for
possible conversion. The use of proceeds will be for working capital and to
pay off existing debt.”
https://www.bloomberg.com/press-releases/2021-10-19/tpt-global-tech-otcqb-tptw-raise-2m-in-bridge-funding-pays-off-largest-toxic-debt-fund
It’s the AS is already increased. The OS is still in the low 900mil area.
They need to raise a certain amount of working capital for any large project and for possible uplist which is where the 38 mil Reg A+ comes in. They don’t just get money up front to start. As some said here,
I ‘think’ they are looking for meeting standard #4 here:
https://www.investopedia.com/ask/answers/nasdaq-listing-requirements/#listing-requirements-for-all-companies
Well yes. Again who ever said it was funded ? No one. It is a contract with SWA that is worth up to 3.5 billion.
And no one is ‘waiting’. They don’t have some sort of control over it. It’s the way the process is. That’s it. Projects don’t just start in a month. In fact I think this whole affordable housing project in Ghana started in 2019 and well before. If anyone can find the funding of the start of this, I’d love to see it.
Someone sold quite a few. Let’s hope it was Paul and they done done. Of course, who knows
What do you mean ‘real one’?
Let this sink in, the contract is with SWA which hasn’t been funded yet …. Read. No one is hiding anything.
Good. So no dilution yet from this one
Dont care. It’s minor in the grand scheme of things.
Reg a converts. Convertible converts. Both have dividends. Both can be purchased back by company benefits to the investor. In otc, I haven’t found any that do not use / need notes or offerings that do not have some sort of conversion. The idea here is when they get their trigger for a go for any of the opportunities, the conversions will be minuscule or significantly reduced as they run up. Nothing is a definite… but that’s why I’m here. To bet on the growth and long term potential.
?
Yeah. It is an investment on their part.
https://techcrunch.com/2012/04/07/convertible-note-seed-financings/amp/
Looks like these funds did their due diligence and still invested in the company …
https://www.barrons.com/amp/articles/tpt-global-tech-otcqb-tptw-raise-2m-in-bridge-funding-pays-off-largest-toxic-debt-fund-01634665864
All this babble about dilution is dumb. It’s been known and it’s limited for raising capital and other company directives. If you’ve ever worked for a startup, you’d understand what’s going on.
Agreed. I think there is either a combination or something else.
The whole quote of SWA ‘praying’ for project funding to happen by end of year is the kicker. So I’m not sure if it was a ‘going to happen at all’ or if it’s ‘going to happen this year’ kind of a prayer. :/. Not sure if that makes sense.
Hence the speculation. But many other things happening. And with St3 visit to Atlanta again. Maybe it is Ghana
?
Of course there will be a difference. Volume will explode once we get any concrete funding commencement and details. There is no volume now. There will be ‘after’ a big detailed juicy PR comes out. But IMO I don’t think we’ll see it for another 3-6 months. I hope I’m wrong but it’s where my head is at.
I honestly don’t think anything will come about for the next 3-6 months with Africa. If that. If you read the boards of the articles, they’ve been waiting for this commencement for a long time. It take a while to get stuff done. They’re having trouble acquiring the lands (and trying to digitize a whole slew of property processes … I don’t know the terms) and all this comes into the equation.
It also seems like SHS holdings has some headway and I can’t make anything out on who is what and where down there. I think it will happen, but it’s not going to be quick.
Would love to hear more on India and Alha Design group. I think those opportunities will move faster once they get going. But they are probably a 6 month to a year as well away.
Just imo.
I never said if there were or were not any groups…. I’m saying let’s give the groups thing a rest. It’s a talking point only when there is nothing to say. Market makers and computers do a hell of a job here on these types of stocks.
Anyway. When a big news item comes out, no one will be talking about ‘groups’.
Let’s stop talking about ‘groups’ please.
By your ‘theory’ the SP wouldn’t have dropped if these groups were buying …
Still have no clue what you’re trying to convey here.
Volume is so low anything can happen. Seems like stories being made up just to keep the board active
Yes. How is it hard to understand?. Who ever said it was definitive?. They have a contract with SWA that ‘may’ be worth up to $3.5 Bil. That’s it. Not sure why insinuating otherwise. No one said it’s a go yet.
This is the OTC. It is speculation. Sell what you have and wait til it goes lower. It’s your choice. Complaining here won’t do anything. And any big investors are sure not looking at this board for investment advice. Reach out to Frank. IMO.
That’s exactly what I was trying to say. It would be sooo dumb if they pulled a RS before any funding catalyst.
And I am fully expecting OS to be around 200-300 mil if / when we uplist. IMO.
No I don’t think the catalyst has to be bigger… nor do I think the comment is late. The catalyst is the actually funding / project start of any of the items tpt has brewing.
The volume is so darn low that this is what happens. And slow trickle with MMS and a few people just bid sitting etc. if the volume was > 10-20 mil every day and we were going down, that would tell a different story. There really is nothing to add here. The company has announced plans for several large positive catalysts. I don’t want them to lie nor do I want constant fluff (my opinion) just to prop the price up. I’d rather have it this way than not have said anything at all because at that point it would look like they aren’t doing anything. There is so much opportunity here and the hype has been stirred that many many investors are just itching to get in. And like I said if that catalyst comes ( funding on a project, ground breaking, JV established and news from Alpha… etc etc) those side liners will jump right in. We saw how quickly it moves. It’s just low volume Shenanigans. I am willing to wait here even if it goes to .00s for a year. I am feeling pretty positive that something will come to fruition by then.
You are here for the 5G you said. Can you see the advantages of having speed connect involved in many of these projects for the back bone network infrastructure ? The voicops app with ability to expand for educational purposes and other localized applications in Ghana and the smart city. The smart app is part of that I would think (if I were st3 I’d localize the smart app per town or smart city).
Anyway I digress. No I don’t think it’s too late. I bought quite a bit more under 2 cents. I probably have too much. I look forward to progress on any and all of these fronts. I also understand that Rome wasn’t built in a day and expect road blocks and slowness. Working in and with other countries and their political and socioeconomic systems is hard. They need all the right people working together to make this happen. And lastly, as I forwarded yesterday, SWA is ‘praying’ for funding start this year. That means nothing until then. So that’s why I give it a year.
I understand you’ve been here a while but if someone picked up .00 and .000s, I don’t understand why it’s not a positive that it’s up 50 -100% in 2 years… especially through a pandemic. Could it be more ? Sure. Are there other plays out ther ? Sure tons. I don’t post on all the boards I have money in. But this is one of my biggest bets. And that’s what investing is. Bets with the info that is in front of us. So I sits and waits. Stinks that it’s down but that’s how the game goes.
There may have been a /s missing there
But yes. There is thought that this can get to 30-50 cents or maybe a little more if / when one of the big deals actually comes through. Then a small RS to get us the rest of the way to some sort of Nasdaq uplist. ST3 said no RS below $1 but I suspect there needs to be a catalyst prior to any possibilities of RS. Otherwise this will go down the tubes. There is no market cap if there is no deal that comes to fruition. All rides on one or more deals going through and actually getting funded.
And if a deal comes through / funding happens, at that point any RS is moot as the market cap would be the driver. IMO.
I still have .00s although sold some on way up.
Sounds like that was a good investment (still) if you got in in .00 and .000 ….
Lastly seems like we had a pandemic for the last year and a half. I think tpt is doing quite fine whether you got in at 5 cents or half a cent because as they say… you can’t time the market….
https://www.cnbc.com/amp/2018/05/08/warren-buffett-says-he-never-tries-to-time-stocks-i-never-have-an-opinion-about-the-market.html
I could agree with you there.
ST3 did say he would let SWA deal with PR. It has not been funded yet as shown in the link I sent previously. The 3.5bil deal is with SWA.
And yes updates are good. But we have a quarterly coming up. I will assume it will be ‘ok’ not great and not bad.
Lastly ST3 went back to Atlanta as talked about over the last week or two. I don’t want to know when he shhhts and how often. I want to know concrete facts and execution which comes at a much slower pace than fluff and anticipation. Which is typical of OTc. IMO.
Didn’t you see the comment that they were ‘praying’ it would be funded this year ?
https://newsghana.com.gh/work-on-20-houses-under-affordable-housing-scheme-progressing-at-duayaw-nkwanta/?__cf_chl_jschl_tk__=rbUVxQqfmP4oavYY2wCo4bqu.R_Ba630YZsLMC9zciA-1636406148-0-gaNycGzNB-U
I’m just saying you are claiming 7 cents to where we are now as a time scale. We can play the game and go back to April may of 2020.
Prior to that the share structure was way different.
So you believe a 3.5 billion dollar contract can come to fruition in 2 months ? Just asking
It means ‘nada’ to you if you are just trading. Yes. Understood.
But from a company growth perspective, it is actually what happens for setting up for success. Assuming they execute.
How about .011 to .016 ? :)
It wasn’t always 7 cents no?
$3.5 billion contract with whom?
As money says. It has not translated but this guy pivoted and has done an exceptional job in the last year from a company perspective setting things up. The execution now has to happen. This is how companies work. These things are not instant gratification.
I agree that the SP sucks and continues to. Patience pays.
This time next year if any of these things have not transpired / progressed, I will agree with you. And yes. I think ST3 should eventually update us with a few more details but at these junctures, he cannot (IMO) otherwise he risks losing the agreements.
I would think Alpha drives PR for their JV.
SWA drives their PR for the $5 billion housing initiative.
UM drives the PR for the smart cities.
The JV partners have the money…
The other projects, while smaller, should be noted in the quarterly’s.
Imo. And yes. It’s hard for me to watch this thing grovel. But the reasoning has been said many of times. Good luck to us.
Actually I think he’s done a tremendous job given the last year…
Quiklab revenues
Alpha Design JV (Alpha Design has 150 million in revenues) https://www.adtl.co.in
Sub Contractor to SWA / UNOPS affordable housing project
UM Group of India JV (https://www.umgroup.in/UM-Machine.html)
Speed Connect (https://finance.yahoo.com/news/tpt-global-tech-incs-subsidiary-144000189.html)
TPT Asia https://finance.yahoo.com/news/tpt-global-techs-subsidiary-tpt-145000317.html
Voicops
GI Joe and the Kung Fu Grip
I know I forgot something
Enough people were taking about it.
Point is moot. It adds to revs for quiklab.
Good luck to you / us
No one missed it. It was well said.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=166031529
That loss is not just fro otc markets. What Roger is doing is downright BS. He is in deep doodooo with his PR and on record comments that weshield deal was done. Without those revs and any revs from the 2 billion deal, this is and will be below a penny as the share structure warrants it.
For 3 + months he’s been touting acquisition which has not happened apparently. Won’t be surprised if we see class action lawsuits soon … imo
I have no idea what you’re talking about.
Nooooo. NOT whatever it takes. That is a horrible plan and ST3 knows it. I’m not sure where you’re talking about with this 8 billion aS thing. ST3 has been explicit in trying to protect shareholder equity. Even with this loan and ATM (until December), he mentioned how it limits share toxicity.
And yes it does matter to have a good share structure once you’re in Nasdaq. Too high… still manipulations…. Too low… not enough liquidity for retaining and acquiring talent, short term money raising etc. and would most likely require increasing AS / OS and lead to dilution.
So it’s not about whatever is takes. It’s about decisive timely decisions and if ST3 is / was serious about protecting shareholders equity, he wouldn’t just do some high number RS. His actions over the last year has proven he gets this. IMO
I know I know.
People were saying the India projects would be speedier than the Ghana project. The UNOPS initiative has been going on for years trying to get all the ducks in a row. From the articles I read, it appears the issues are with land and aggregating it.
I read some of the comments on those articles and it just seems to drag. Maybe they are in a better place. Who knows but each of these large projects takes a whole lotta time. I hope there is some near term news there but the Alpha Design JV seems like a more nearer term possibility since it doesn’t involve land and a host full of sub contractors and materials to go through. Just taking out of my arse though. Good to have all these projects in the pipe.
All this being said, the whole talk about uplist is moot unless one of these projects comes to fruition. I’d rather ST3 delay uplist until something definitive is done done and in motion. Otherwise any word of RS (which a small one may be needed ) will be for nothing. And all the talk about looking out for investors would be BS at that point. A done deal would send this much higher and that strength would continue through any small RS possibly needed to sustain the min SP requirement.
Again I mention RS in terms of less than a 5:1 or maybe a 3:1 IF needed ONLY if any ones of these deals starts and money starts to flow. Until then we wait. He should not uplist just for the sake of uplisting imo
It’s not great but good enough,..
My song to tpt
I remember. But I also think there is a contingency with that comment that may have not been stated explicitly.
When you say ‘down payment’ do you mean news that something was funded / project started ?
Hope there is a nice Christmas present from ST3 ….
They almost made INoQ with TPTw.
They had two RS 10000:1’s within a year.
The 3.5 billion contract is with SWA. They are a sub. It’s been said many of times. It’s all on SWA. And if you read earlier, ST3 went back to Atlanta recently for a second time. (Where SWA is stateside). So we’re all waiting to see when SWA gets the go ahead. More than enough info here on why we are waiting. It’s not ST3s fault. He just announced TPt was asked / picked as a sub to the SWAs larger contact.
SWA needs to be funded prior to any bring happening with TPT with this project
Don’t forget Indias smarty city and joint venture with Alpha Design.
All in good time. As I said yesterday, I have no more nails left to bite.