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I think he is referring to the News Alert on iHub.
PAUL backed off to .02. Hope this is a good sign
TDA shows an L2
.0014 (37 mil) x .0015 (12.5 milly)
Concur. Must be set to update at the bell, I guess.
I tried for a small buy (I'm a baby minnow) but the rejection made reference to the SEC rule. That's why I wonder about the update process - whether it's automatic, of if there is some pre-defined time lag, or what.
I wonder what the system is that tracks these things and makes appropriate updates to trading restrictions at TDA. Maybe a phone call is in order?
Do shareholders know any details about what's happening at the company you work for (assuming you aren't self-employed)? They don't at mine...
When the time is right, the company makes the announcements.
ST3 is in a sticky spot here. They signed a contract, which almost certainly is considered a 'material event'. So, it had to have an 8k. If he files the 8k without a PR, the company would have gotten just as lambasted. "What's he hiding?" "Why isn't he being transparent?" etc.
So he issues the PR, to be transparent. But, SWA owns the ultimate deal and rightfully wants to control the flow of information. They don't give a rat's arse about any of TPT's shareholders - not even on their radar for consideration.
So, now... we wait. It's a great situation turned crappy short term because of the players involved in the arrangement. But long term - maybe longer than many folks would prefer - things should work out for the good, if the deal doesn't fall through somehow. If you aren't willing to give them rope, you can get out, and get back in once information starts flowing.
Hopefully, one of the other irons in the fire will start sparking news, and we'll have some good things to talk about sooner, rather than later.
GLTY
https://twitter.com/opportunityzon/status/1458431293633359872
"Oops, $ICNM visited Pink Limited for few hours and returned to Expert Market. Don’t know what happened. Anyway, tomorrow is another day. Thanks to the dedicated OTCM staff, $ICNM will return to Pink Current status soon. God bless America!!
@Alpharidge_Cap"
Looks like a big volume green candle on the 1-minute chart.
anyone else notice that 1.7 milly hit at ask?
Aaannnnd, it's back to .0008. Someone playing games, it seems like.
Will someone please tell me that it's normal for a ticker to hit .00001 just before it comes off Expert Market? Any serious thoughts behind it?
Yes, that’s right. I certainly didn’t mean to sound like I had any inside knowledge.
Totally agree with what you’re saying, except I think the Iraq thing fizzled because they (Iraqi party) were asking for some shady arrangements that ST3 felt were not the way TPT wanted to play.
Here's wishing you a pink and green($) birthday, then!
Thanks! So, this means that their filings and attorney letter should qualify them to be Pink Current, and we're waiting for someone at OTC markets to decide to move $ICNM off the Expert Markets and back onto the OTCs?
can I ask an ignorant question? What is PC?
5,000 shares traded...I feel much better now...
ZERO volume in 15 minutes?? This feels weird...
TPT = Turkey Powered Takeoff?
PAUL not showing the typical 10000 share ask. Does that mean he’s almost out?
Oofta, someone just go tired of waiting...
He's hanging at .019 so far this morning, it looks like
I think ST3 is passionate, enthusiastic, and probably overly optimistic. Certainly that last was the case last year with the QuikLab potential. It was a solid idea at a good time that just didn't take off. It happens.
I think his optimism is still completely intact, and there are several more irons in the fire this time around. I think there are still a lot of questions that shareholders would like answers about those irons, and I think it's likely that several of those irons have not 'been monetized' yet, to use his phrase. But I don't think that ST3 is out to screw shareholders. Not long-term shareholders, anyway. Just my opinion.
I think he stated a goal of achieving NASDAQ by end of year, but as I remember he definitely hedged by saying that it could be in Q1 '22.
Nice to see you around, Steve.
Thanks Steve. Probably a major reason that I'm not very good at this OTC trading thing.
In the 8k, I see $120k already paid, plus a plan to pay another $80k over the next 4 months. Just a little over half of what the arbiter awarded, so it feels like a decent result.
Interesting 8k. Did everyone already know that there was a court dispute (now settled) between one of the former owners of Speed Connect and TPT Global?
Maybe I'm the only one in the dark. Another debt being serviced seems like a good thing to me, though.
Hi PamelaR, Understood. Thanks for the information.
There is no link to RS, but it is not completely fabricated panic, either.
For the past 18 months (since I've been in), the company stance has been that they want to get to $1 organically, and then do a small RS to get price into NASDAQ territory. With the QuikLabs and COVID, they thought this was a realistic plan. But they could never get a foot in the door of the Covid testing money, and it didn't play out that way.
With the recent Emerging Growth Conference, ST3 was talking about aggressive schedules to get the company listed on NASDAQ - like no later than next March (he said this year or Q1 next year). So, easy path for fearmongers to start the "there must be a large RS coming to get from .02 to NASDAQ requirements" speech.
The wild card(s) are how many aces ST3 has in his pockets with potential revenue starting to roll in from India, SE Asia, Ghana. Just a check from one of these opportunities would set the stage for potential rocket growth, and put the company back to a single-digit RS area to get to NAS.
Anyway, $.02 from an amateur who has been around here for a while.
Great, so we're back to the 19 tick spreads... .02 x .0219
If this price holds, will be a nice pop in my TDA balance, since they are still basing it on the .0007 price it was when it went Expert Market.
You're right. With PAUL sitting at .04 ask, they aren't seriously trying right now... They were at .0215 yesterday morning, I thought, but then I got busy with the day job and couldn't watch.
Maybe they think that it will help sell their shares if they put in a fake bid that shows 'support' for the share price? I mean, they are a market maker... worse things have been done. Pure conjecture on my part.
When do you last remember the 'no RS under a dollar' being repeated? I haven't heard it for a while, and the messaging from EGC was for a NASDAQ uplist in, let's call it the next six months. There was no mention of the RS or a price target associated with it.
I'm wondering if ST3's priorities might have changed slightly, is all.
yup - first line of the PR:
"TPT Global Tech, Inc. ("TPTW, the Company or TPT Global Tech ") (OTCQB:TPTW) announced today that through its Investment Banking Firm Spartan Capital based in New York City the company raised $2,174,000 M USD bridge financing."
You'll have to read the rest for yourself...
Is it too much to ask for more news about revenues to help facilitate Paul’s liquidation? Or am I just being greedy?
I'm sorry, did you drop a zero, or did you intend to write a dime or more?
I have heard from other penny boards I've watched/played that they are a Market Maker that tends to indicate dilution by the company.
See them sit at the ask with a 10000 share ask, which typically means they're hiding the real amount they have for sale, in my experience.
PAUL on the Level 2 listings. Don't like that very much...
The feeling I got from the EGC was that the timeline was now the highest priority, and that the ratio of the RS to uplift might suffer if it hasn’t reached a dollar by the time the rest of the process is ready.
Nothing explicit was said, but that coupled with a couple of things Frank has said are enough to convince me of the shift. You are free to draw your own conclusions, of course.