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Damn looks like someone is able to trade it
Appears they are working on getting current. In the last day they've put out this filing, verified the otc profile, verified the transfer agent, and updated the shell designation. I think we'll get the rest of the filings throughout the end of this year and into next year
2019 annual report just hit!
https://www.otcmarkets.com/otcapi/company/financial-report/354588/content
Closing of short positions?
It could also be the Dec 11th. I didn't receive the notice until Nov 21st from Charles Schwab but not sure if it takes time for Charles Schwab to process it once they receive it. I'm leaning towards Dec 6th though
I think the official merger effective date will be Dec 6th. See my two posts below. The mailing date of merger notice I believe was November 16th and the merger closes 20 days from the mailing date so that put us at Dec 6th
http://stocktwits.com/MannyFresh13/message/498947308
http://stocktwits.com/MannyFresh13/message/498948533
Reg A released. Uplist soon
https://www.sec.gov/Archives/edgar/data/1041633/000121390022075711/xsl1-A_X01/primary_doc.xml
I was in one "too good to be true" one years ago: FRHC. Forgot the otc ticker but it was a speculated reverse merger with a financial company out of Kazakhstan. Turned out very good. Only had 1600 shares after a small reverse split pre merger. Reverse merger happened then it shot up to 70 dollars a share last year. Unfortunately I sold out around $10
My assumption was annual report would be audited they didn't tell me it would be. They told me the annual report would be out Wednesday or Thursday but it came a few days later. Reg A therefore will probably be out by friday
Think we'll see a reg A this week according to the email I received. Think uplist next year
Annual report posted but financials aren't audited. Annual revenue is 45.5 million. Should be at least $1 a share
Hopefully tomorrow then..
Emailed and got an answer. Annual report should be uploaded tomorrow or Thursday
here's to a good audited annual report due next week
merger closing soon
https://ih.advfn.com/stock-market/USOTC/tingo-pk-TMNA/stock-news/89507424/information-statement-merger-or-acquisition-defi
"77.20% of the total voting power of our common stock, approving the Actions. No further vote of our stockholders is required to affect the Actions, which are expected to become effective on or about November 30, 2022."
The actions:
"In connection with the foregoing, and in furtherance of the Merger, we are notifying you of the following additional actions taken by holders of a majority of our voting shares:
· approval of the Merger Agreement and, in particular, the Merger of a wholly-owned subsidiary of MICT incorporated in the British Virgin Islands (“MICT BVI Sub”) with and into a newly-formed subsidiary of Tingo incorporated the British Virgin Islands (“Tingo BVI Sub”) that has been formed for purposes of the Merger and which holds all of the shares of Tingo Mobile Ltd., the Company’s sole operating subsidiary, with MICT BVI Sub surviving the Merger as a wholly-owned subsidiary of MICT, in exchange for Tingo receiving certain securities of MICT as more particularly described herein; and
· approval, on a non-binding advisory basis, of certain Merger-related compensatory arrangements with the Tingo named executive officers (“Executive Merger Compensation”)."
Timing
"Expected Timing. We expect to complete the Merger during the fourth quarter of 2022, and we expect the MICT shareholders to approve the Series A Conversion within approximately thirty days thereafter. During the first quarter of 2023, we expect MICT to submit a change of control application to Nasdaq and to also seek shareholder approval of the Series B Conversion, both of which we expect to be approved in the second quarter of 2023. The Closing of the Merger and the subsequent Conversions are both subject to a number of conditions and uncertainties."
" As we move towards completion of the merger later this month.."
Unfortunately im not able to get the other document. I see AS is now 20 million so yea it looks like a 1-400 RS. At least it's looking like he's not trying to dilute by making the authorized share count some high number post reverse split. This will have a very low share structure. Float of 772000 based on current 309 million float. This also effects the commons Park owned. Hopefully he had good reason to reduce the AS/OS to put us at $2 per share based on today's closing price. Maybe we get the assets/revenue we've been looking to get in the upcoming annual report then an uplist?
Hopefully it's decreasing the AS and OS which most are restricted. Float is only ~300 million
I can check the filing when I get home
Super low volume. If we get the audited financials I'm expecting 2023 will be a great year
Notification of late filing posted so now they have until the 15th. They will file but the question of audited or not is up in the air. Like I've said I'm cautiously optimistic it will be audited
Why don't you ask the company? As I stated they are current on all filings. The 10k is now due
Ok thanks for clarity
You're talking the audited version which they aren't required to do to stay pink current. If they didn't have all their filings out they wouldn't be pink current. The latest 10k is due 10/29, whether or not it's audited is another question. I'm hoping it will be so we can start the uplist process. Email I received stated they were starting the audit process so I'm assuming it'll be for this report. The tweets are related to the business they are in or about their specific business...may not be the news the market is looking for but you can't say it's irrelevant
Umm maybe because it's not due yet
Financials in the next filing due next month would do the trick I think. I would think park learned that the otc won't let him remove the shell status without it
Cautiously optimistic
Yes I heard back in 5 minutes. The annual report is due at the end of this month and that's the report I'm expecting to be audited
Lol good luck
Fiscal q4 closed at the end of August. Financials due in November
Loving it. Just the beginning
yep got a reply in 5 minutes
Company says to send all audit inquiries to richard@futuris.company
I sent an email and received a reply quickly. Says audits should be out shortly. I'm assuming that means the next financials released will be audited. Anyways we shall see
My gut told me to hold on to my shares
Transfer agent now verified. Wonder when we'll start getting filings
$CXCQ
— OTC Updates (@OtcUpdates) September 7, 2022
💰0.0004
Expert Market, AS: 75M, OS: 75M, US: 17M
🟢Transfer Agent is now Verified...
Full Details: https://t.co/rJTVOtRqYS
Someone is fishing for cheap shares it appears. Literally Nite is on the ask for small amount of shares and bid for 500k shares
what has he done that's criminal other than the share price falling?
good news is they just posted the revised quarterly report so we'll be back to pink current shortly. from looking at the revised quarterly it looks like they had to add the shell status back. im assuming otc didnt like the shell status being 'no' without showing any revenue even though they showed assets, hence the pink limited status. hopefully the annual report will show the revenue for Laredo Daebung Mining and Abahome which will allow them to remove the shell status
Wish I had more free cash
dont know if thats true. i've had other tickers im in miss the extension date and file later without problem