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$TXTM – Reverse Merger With Industry Giant
OTC:TXTM60
PROTEXT MOBILITY, INC.OTC
Description · Jun 15, 2022 1:45 PM
As one of this week’s hottest plays, ProText Mobility, Inc. (OTC: TXTM) is gaining investors’ attention after reaching new 52 week highs following its 311% run. This surge was triggered by the company finally announcing its reverse merger with a major South African medical cannabis producer. With the company’s new management promising updates in the near future, TXTM stock is one to watch this month in anticipation of more updates.
TXTM Stock News
Delivering on its 2020 LOI, TXTM finally reverse merged with Republic of South Africa Medical Marijuana Dispensaries Acquisitions (RSAMMDA) through a share exchange. In this way, RSAMMDA exchanged 100% of its capital stock for preferred shares of TXTM. RSAMMDA is a jointly owned business led by Dylon Du Plooy and Dr. Ahmed Jamaloodeen (Dr. J) who represent RSAMMD and Leeds Boerdery.
Considered to be a pioneer in the medical cannabis industry, RSAMMD is focused on researching, cultivating, producing, and distributing high quality medical cannabis. To facilitate its operations, RSAMMD has partnered with Dr. J’s Leeds Boerdery to utilize his 5 thousand hectare New Castle farm and his federally issued cannabis and hemp licenses. As the world’s largest cannabis farm, the New Castle farm practices eco-farming and organic farming. For this reason, the farm is a Pilot of Excellence for the National Department of Agriculture Forestry and Fisheries as it uses advanced technologies and AI to grow its cannabis. With this in mind, many investors are bullish on TXTM stock’s future prospects as Du Plooy is now the company’s CEO and Dr. J is the company’s new president and chairman.
In the meantime, RSAMMD recently completed the cultivation of its semi-annual grow of cannabis and hemp over more than 1000 hectares. This was done by utilizing Dr. J’s permits and licenses to grow hemp and cannabis, in addition to research permits allowing for testing final products for human consumption and medical benefits. Considering the significance of these licenses, TXTM appears to be well-positioned to grow in the competitive cannabis market in the future.
As both companies signed an LOI back in 2020, they spent the past two years developing their operations in South Africa and across the world – while improving the infrastructure for cannabis and hemp extraction. On that note, RSAMMD currently operates a 10 thousand square meter state of the art greenhouse facility with full environment control and cannabis-related specifications which meet international ratings and standards. As well, RSAMMD has private consultation rooms and a medical center focused on medical cannabis science, prescription, as well as dispensing of medical cannabis products.
Based on this, RSAMMD expects this facility to become the headquarters for tracking and distribution of medical cannabis products to hospitals and pharmacies as widespread legalization takes place. At the same time, RSAMMD is bullish its infrastructure will allow it to produce the highest quality cannabis and hemp products in the world.
Meanwhile, RSAMMD has been busy over the past two years securing off-take agreements for end products. In South Africa, RSAMMD has only one off-take agreement with Dr. J’s New Castle farm. However, the company has been looking to increase its global reach and has agreed on several off-take agreements in principle with international leaders in the cannabis industry. In light of this, TXTM stock could see further growth if these deals are announced.
By acquiring TXTM, RSAMMD intends to integrate TXTM’s proprietary extraction technology with its existing infrastructure. Having previously tested the kettle system and extraction technologies on live cannabis, the technology showed its usefulness. While the company has not disclosed more information regarding this technology, Dr. J promised to “discuss this further as well as our upcoming operational plans”. Moreover, Dr. J shared that “Over the coming days and weeks, we will be sharing our immediate term road map and long-term plans we are developing for Protext which should translate into increasing shareholder value”.
These plans are mainly related to adding assets to TXTM to complement its new direction and commercializing the live plant extraction technology. In addition, TXTM intends to roll out a new crypto platform and a TXTM token in the near future. Through these plans, TXTM believes it could achieve its aim of uplisting to a major exchange. With anticipation brewing over these upcoming catalysts, TXTM stock is one to watch this month in anticipation of more PR.
As the company is reverse merging with a leader in the medical cannabis industry, TXTM could be a profitable stock to hold long-term. In light of the new management’s plans to add assets to TXTM and monetize its proprietary live plant extraction technology, TXTM has the potential to become a leader in the cannabis market. Given that the new management plans to uplist TXTM to a major exchange, these growth efforts could allow the company to achieve this target in the near future. Long term investors are particularly bullish on this plan since TXTM has clarified that it has no plans for a reverse split. In light of this, TXTM stock could have more news on the way as the company rolls out its plans for the future.
Dr. Jamaloodeen explains how his plans would help the local economy, and would bridge both agricultural and pharmaceutical cannabis, “If you take industrial hemp it goes into fabric, plastic sheeting – name it, we could quite easily create just in our little town 70,000 jobs from the leftover remnants of what hemp produces, let alone the medicinal side.” On the medicinal side, Jamaloodeen plans to work with his wife, Dr. Regina Hurley. She details their plan to CNN, “My husband decided that he would grow it, and I would prescribe it.
I think there were only 43 issued and Dr J & Dr H were the recipients of one of them.
Though the video was 2 years ago it brings things into perspective as to how much time, energy and sacrifice is involved when your business...becomes someone else's way of life
it can have a global impact.
Very impressive,
I scrolled through his page and found out I have 2 mutual connections;
Mark Goldfogel & William Waldron, interesting.
Prayers for your son, your family & you.
A Toast!...
"May our luck be like the Capital of Ireland, Always Dublin"
Next week the flood gates begin to open and everyone involved in the OTC will either dive in or run to "cover". This week was just a precursor to a high volume squeeze that's looming on the horizon. Tuesdays action won't be any different from the past few days but Wednesday afternoon marks the day that $TXTM becomes that legendary ticker that every ticker thereafter will be referred to. The comparisons have already begun and its telling by all of the coat-tailers on other social platforms.
This isn't a pump, this isn't hype, this isn't just enthusiasm it's the real deal.
I'm celebrating every shareholder here this weekend and raising a glass to the next leg that stands before us. "CHEERS"
(My opinion matters not to anyone but me, so you do you & show conviction in your decisions)
...Health Wealth & Happiness to all
The hype here hasn't even begun, this is simply enthusiasm for what we know to date. As bigger catalysts are realized even as early as today those expectations will become reality and $TXTM goes parabolic rocketing into dime territory & beyond.
Lengthy read but worth it. $TXTM
CNN International investigates the growing cannabis industry in South Africa. On the verge of becoming a multi-billion-dollar industry, countries around the world have started to legalise cannabis. In South Africa, farmers are trading in traditional crops in favour of growing cannabis. But navigating this expanding industry is challenging. Like many countries, cannabis regulation in South Africa isn’t black and white – it’s many shades of green. CNN’s Eleni Giokos travels to a Cannabis Expo in Pretoria, South Africa to explore the legal issues around cannabis, and to meet farmers and sellers who are benefitting from the growing industry.
In 2018, South Africa decriminalised smoking and cultivating cannabis in private spaces, with the caveat that all cannabidiol (CBD) products must be registered. CNN meets Griffith Molewa, the Legal Compliance Manager for the South African Health Products Regulatory Authority (SAPHRA), who explains the process to register, “You’ll take it to an accredited lab and once it’s done we will register it.” So far, SAPHRA have awarded four medical cannabis cultivation licences with the aim to eventually produce locally made CBD oil.
A further forty three research permits have been awarded, and Giokis meets with Dr. Ahmed Jamaloodeen who secured one of these permits. Jamaloodeen is a fourth-generation farmer and talks about his decision to move from growing traditional crops, and how he explained this move to his father, “Historically we’ve always been cropping and a livestock farmer. Soya…maize. (…) Well he [Jamaloodeen’s father] said the thing about the middle son is you keep me on my toes – then we discussed the possibilities.”
Jamaloodeen explains how his plans would help the local economy, and would bridge both agricultural and pharmaceutical cannabis, “If you take industrial hemp it goes into fabric, plastic sheeting – name it, we could quite easily create just in our little town 70,000 jobs from the leftover remnants of what hemp produces, let alone the medicinal side.” On the medicinal side, Jamaloodeen plans to work with his wife, Dr. Regina Hurley. She details their plan to CNN, “My husband decided that he would grow it, and I would prescribe it.”
The cannabis industry in South Africa is a big opportunity that’s feeding into a global marketplace. Jamaloodeen tells CNN he sees it as more than just a business, it’s a philosophy, “It’s people with similar thoughts and that their desire to work in collaboration in unity to create value for each other … and it’s like-minded thinkers who think that there’s an abundance in the world, a canna-abundance, canna-fever and there’s no shortage.”
Shorts are working overtime on Twitter, they'll be here next.
My last POTD Thank goodness right?
You can be a Bid Sitter or an Ask Smacker but getting in the game is all that matters.
Sitting on the sidelines doesn't get the girl.
Psychoactive ; - )
I'm a long
You all post speculation like its already happened. The fact of the matter is NOTHING has happened in regards to recent filings. Other than a lot of fear mongering.
It's been brought up before that the proposals could simply be a "legal" tactic or even a strategic technicality to buy time until the deal is finalized.
Have we reset, retraced and settled back a few notches? Yes
"The Closing" is still on the table along with everything that's in the pot. The choices are clear. Hold or Fold
I'll be back when we're on the upside of a dime.
GLTA
That's a very cool and symbiotic process if you haven't seen it.
Here's how it works: Fish are typically raised in indoor tanks, troughs or outdoor ponds, where they produce excrement. The water with the waste from the tank flows to a hydroponics tray where plants grow in the water without soil. The waste is toxic to the fish but is a rich fertilizer for the plants. As the plants absorb the nutrients, the water is purified for the fish. The clean water can then be recycled to the fish tank.
Because you can't use pesticides or chemical fertilizers that would harm the fish, it's a natural organic production system.
A lot of factors play into gaps getting filled. They just don't happen automatically. It could take years or even minutes and sometimes never, but gaps far below current pps would take some serious manipulation or negative catalysts for that to happen. Team traders could dump massive amounts of shares driving the price down, bad news that changes sentiment might even create a sell off, Hell, good news even sets some robotic idiots off and they sell.
Recent gaps, that are closer to current pps are more likely filled because of MM'S shaking things up by manipulating the price down, trying to incite panic, and probing for stop-losses. But with enough buying pressure, which we are witnessing with $TXTM, the recovery is swift and up we go.
Don't worry about the gaps, worry about the A-holes out there that hold a network of shares then dump on the bid to drive it south. Only to buy back in after the price drops.
Its what I call Omni Continental $TXTM
Exactly right, this has global implications a global reach and stratospheric potential.
@RSAMMD And Just like That We Occupy Position #5 Above the likes of #Ethereum just below #Amazon #Bitcoin
Well Done to #TXTMTribe
Truly AMAZING???? Let's Keep this Commitment Going Close on a HIGH #PennyLand & then open with a BANG??!!! And take that ??
We Got This!!! #LETSGO https://t.co/C5MkYcfHka
(video) Dr J. & his wife Dr. Regina Hurley CNN interview from 4 days ago.
https://youtube.com/watch?" rel="nofollow" target="_blank" >https://youtube.com/watch?
The results are in new HOD ; - ) & year
All good, we're obviously in this one together with many other "like minded folks"
That comradery is contagious
Never confuse enthusiasm with pumping. One is real the other is fake.
Held sysorex to 1000% before removing risk. Though no patience was required because it ran so quick.
$TXTM has me feeling even better.
Think Jordan Belfort and sell me this pen
Don't think small, Think bigger
Elementary to what Hollywood will accomplish with this conglomerate.
Stay tuned
https://youtube.com/watch?" rel="nofollow" target="_blank" >https://youtube.com/watch?
There will soon be a unleashing of "Michael Bay" influence in support of the conglomerate & a release of wearable tech that will render our cell phones, not obsolete, but more of a power source that we'll keep in our pockets. OSTENDO has it, and will imo market it through $SYSX
Big Time!
https://youtube com/watch?" rel="nofollow" target="_blank" >https://youtube com/watch?
Empty bags that are simply waiting to be filled.
What's the rush?
There's no such thing as a Truth Fairy either.
He took his account private to only current followers and to anyone that requests to follow. His DD was being labeled as misleading by another tweeter and he took it personally.
He's still Tweeting though but you'll have to follow to see them.
Sounds like someone bought high and sold low. That's too bad, water under the bridge right? But don't fret, you can get back in and today's prices are imo a great entry point. As long as you wait out your wash sell rule, which takes 30 days but by then it might be a little too late. But hey! Any average under a dime is a great average considering where this is speculated to go in the short term. I'm no financial advisor so make sure you do your homework and confide accordingly.
Some bought in at a half a penny. Your post doesn't hold water.
Personally I started buying at .009
Worst strategy ever, you're waiting on a "proposal" that may never happen. At least not in the time frame you're anticipating & most likely under completely different circumstances.
Good things (Do Not) come to those who wait, they come to those that take action. Good luck