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Given the current 35,823,840 O/S, I would like you two to form an alliance and buy 50.1% of them :)
You are all talk, do a hostile takeover right now and start buying.
CEO is a liar... which version of the "we are not going to" but did it anyway do you want me to believe.
Volume up! Let's go!
Maybe Sabby wrote that paid article that popped us last time? Anyone can do fake article like that, but someone would have likely been involved prior. Heck, could have been someone here. Could happen again anytime by anyone.
I predict RS in the next two months, so you're probably right... other than the gains.
And there it is, the classic GOING CONCERN note:
NOTE 3 – GOING CONCERN
The accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern.
Cash flows generated from operating activities were not enough to support all working capital requirements for the three months ended March 31, 2020 and 2019. We incurred $5,966,198 and $2,981,346, respectively, in losses, and we generated and used $96,102 and $369,477, respectively, in cash for operations for the three months March 31, 2020 and 2019. Cash flows from financing activities were $81,795 and $848,661 for the same periods. These factors raise substantial doubt about the ability of the Company to continue as a going concern for a period of one year from the issuance of these financial statements. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.
In December 2019, COVID-19 emerged and has subsequently spread worldwide. The World Health Organization has declared COVID-19 a pandemic resulting in federal, state and local governments and private entities mandating various restrictions, including travel restrictions, restrictions on public gatherings, stay at home orders and advisories and quarantining of people who may have been exposed to the virus. After close monitoring and responses and guidance from federal, state and local governments, in an effort to mitigate the spread of COVID-19, around March 18, 2020 for an indefinite period of time, the Company closed its Blue Collar office in Los Angeles, California and its TPT SpeedConnect offices in Michigan, Idaho and Arizona. Most employees are working remotely, however this is not possible with certain employees and all subcontractors that work for Blue Collar. The Company continues to monitor developments, including government requirements and recommendations at the national, state, and local level to evaluate possible extensions to all or part of such closures.
The Company has taken advantage of the stimulus offerings and received $722,200 in April 2020 and will try to use these funds as is prescribed by the stimulus offerings to have the entire amount forgiven. The Company is also in the process of trying to raise debt and equity financing, some of which may have to be used for working capital shortfalls if revenues decrease significantly because of the COVID-19 closures.
As the COVID-19 pandemic is complex and rapidly evolving, the Company's plans as described above may change. At this point, we cannot reasonably estimate the duration and severity of this pandemic, which could have a material adverse impact on our business, results of operations, financial position and cash flows.
In order for us to continue as a going concern for a period of one year from the issuance of these financial statements, we will need to obtain additional debt or equity financing and look for companies with cash flow positive operations that we can acquire. There can be no assurance that we will be able to secure additional debt or equity financing, that we will be able to acquire cash flow positive operations, or that, if we are successful in any of those actions, those actions will produce adequate cash flow to enable us to meet all our future obligations. Most of our existing financing arrangements are short-term. If we are unable to obtain additional debt or equity financing, we may be required to significantly reduce or cease operations.
But no increase in AS right?
Warned all of you for a month. SC was averaging $5M a quarter then sold for $1M to TPTW. THe next quarter they dropped to <$3M and I warned you Q1 would be worse. $2.7M and Q3 will be WORSE because they can't hook up new customers because of COVID. This scam can't continue. They'll be lucky to do $10M this year as a company.
Look at that wall at .172... 151k of shares
Given retail can't trade this PM... what is going on? I'm laughing a little, though I just lost a crap ton of money.
Miracle or another scam article...
I was skeptical as well, I noted as such when the tweets came out. I do think that because the information was shared, ABMC has the obligation to clarify it.
These reports are garbage and developed by poorly paid individuals in 3rd world countries to generate rev by suckering people into buying their report. How do I know this? These reports exist for all industries and copy in lots of penny stocks.
Lol, TPTW got a much needed gift in the PPP loan. Sad anyone is impressed they took pandemic money to pay of a minor loan and cal it proof of "cash is king."
They broke.
What did you all expect!? Honestly. This isnt a scam, the company didnt take your money. You gambled (as did I) with high risk on a company that was dead holding IP.
Positive 8k? Lol... why in the world would reporting that Speed Connect rev has tanked be a good thing when everyone here keeps talking about $40M in rev this year? Reality is they will be lucky to break $10M again...
I am impatient... I am still waiting for the next pump and dump! Let's go!
I guess this gives us 2 more weeks to buy more?
The $3M from SC in Q4 is likely more like 2-3M Q1... not going to be a good Q1.
Sounds like another no dilution lie...
One after another, it is the theme for TPTW. Why would they benefit from showing the deceasing rev of Speed Connect?
Delayed till June, gross.
Earlier Today: "TPTW clearly has their stuff together" - Pumper
Later Today: "We can't file on time because we don't want you to see our terrible reduction in revenue and need for dillution."
To be clear, this would not be insider trading unless they trade on that news. If they want to trade on the info it must be publicly available.
Second note, the entire market runs on insider trading.
Most of 7 has been stated to require $54M in funding... where is that funding? What shares are they going to use for that funding?
Where is the bottom here?
$54M, no... but $14M is needed. So that still aint even a drop in the bucket given that $14M was based on pre-COVID assumptions. With half their business's shut down they need more.
Very easy to get, it was first come first serve. Tons of companies have gotten these loans. This statement is just not credible.
Who is spinning it as a bad thing? No one. We are pointing to the fact millions of debt comes due soon and they don't have the cash to pay it off.
You mean the company that PR's a PPP loan that literally hundreds of thousands of other companies received... suddenly wouldn't PR a bank loan for the millions of outstanding toxic debt they have to pay 40-60% premium on if they pay them off in cash? This guy PR's anything, there is not bank brother... stop fooling yourself.
That is scary, holy crap. With decreasing revenues and half their business shutdown... not good. They still ned $14M just for ongoing operations this year... that isn't even for growth. The CEO stated it was ti keep the doors open...
They dont have a loan from a bank yet to pay off past debt, so you are pleading to a bank and loan that does not exist. I asked for evidence, you gave me a made up story about a fictitious bank.
% mean nothing if they are cashflow negative. Again, what actual evidence do you have they can pay off the debt they have let alone new debt.
TPTW has no cash to pay back debt, can you provide any evidence that they are able to generate enough cash to do so.
How are they going to raise $40M with no shares?
This is easy math you all choose to ignore. You can't both use the OS shares for convertibles and have shares to raise $40M. You can only pick one, which is not going to happen?
If they are delaying, they are delaying. IDCare... I just dont want them delisted because of COVID pumping. This was never a shareholder friendly stock.
10 and 14 are mutually exclusive statements by the CEO
There is no indication they will reach $40M this year, there is no plan, there is no path.
Pump incoming, in bigly.
In it for the P&D, lets do it