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Same company, same country, different development effort. Probably more than one going on in Ghana. It's not that small a country.
I would say this is referring a different effort where SWA is willing to pre-finance the work.
The contract announced concerning TPTW is money coming from the UN to the Ghana Ministry of Works and Housing to SWA who is contracting $TPTW.
https://dailyguidenetwork.com/ghana-gets-5bn-un-housing-deal/
https://www.esi-africa.com/industry-sectors/smart-technologies/5bn-injection-for-smart-village-and-learning-project-in-ghana/
Anyone that has followed $TPTW for any length of time knows that the goals and timelines put forth by the company have always been ambitiously optimistic, and are frequently delayed. Sometimes they don't come through at all (or still 'not yet').
At the end of the day, management has always shown that they have been trying to include shareholders in the any benefit achieved by the company, and have not been out to screw us.
Do I think that the share increase was misplayed by not keeping the IR man informed? Yes.
Do I want additional details about India, SE Asia, and Ghana? Absolutely.
Do I want to know why the company felt it necessary to increase share count at this point in time? Yup.
But do I think that the company management has suddenly turned coat and no longer cares about us? That's a tough stretch for me. If they had been saying one thing, but doing another for the past 18 months, then I'd write them off, but they've been walking the walk so far.
Something's going on, imo. For whatever reason, the company can't or thinks it's better that they don't share information right now. I'm still hopeful that it will turn out for the best for those holding common shares.
That's why I was specific it was about Grenada..
Not quite what everyone is waiting for...
Maybe soon. $TPTW
you jinxed us - just like talking about a no hitter before the game is over...
Definitely nice that the sky didn't fall after the turmoil over the weekend. Would still be nice to get that 'splaining...
Let's keep things straight. Frank was aware of the Jamaica PR with his name on it. At least he had answers to my questions, and didn't seem surprised when I asked them.
From all appearances, he was blindsided by the 8k announcing increases in Series D preferred and common share AS, which was not PR'd - only filed. It was publicized here by some astute iHubber (I don't remember who, sorry) who found and posted it.
Still a bad look for the company not to keep your IR guy informed about something that is sure to raise questions, but let's not play the game of 'telephone' here and let things grow beyond reality.
What I don't understand is how they would not prepare for the question storm they must have known was coming by an increase in AS. For the past year, they really have given the impression that they are watching out for their shareholders and investors. Backing out of the RNVA deal because they wanted to dilute, offering the Series D shares in chunks of $500 so that small-timers could take advantage, probably other examples.
To date, everything seems to have been done with a plan to move the company forward and bring along shareholders for the ride. Have they really changed their tune? Have we really misread management? I guess anything is possible in the OTC, especially when the basket contains 3.5 billion (with a B) dollars... I look at it the other way. With that amount, there should be more than enough to go around...
That’s what I said. I complained on the TPT Global website that it was poor form to catch your own IR guy off guard like that. Pretty odd, since they have been almost overly communicative at times over the past year
I know that I hit the TPT Global website 'Contact Us' page as a concerned shareholder, voicing concerns about the lack of preparation of their IR guy for an increase in AS. I doubt it will do any good, but at least someone at the company will see the concern.
The 8k announced two things - increase in Series D preferred by 90 million, and increase of common stock by 250 million. Is it possible the two are related, increasing the OS to provide conversion room for the Series D?
The Series D conversion rate is $5.00 / (.75)(30-day average), about 270 to 1 as of today, so $TPTW might
1) Have someone(s) lined up to buy more than the roughly 6.5 million shares of Series D remaining currently.
2) Be giving themselves headroom in Series D availability
3) Still be anticipating significant PPS growth from where it is today.
Pure conjecture on my part, but why would they increase the Series D from 10 mil to 100 mil, when only 3.5 mil have been sold to date?
Given the situation on the revenue announced by the recent 8k's, maybe not complete lunacy?
I don't think that's what I said, and it certainly isn't what I think...
I was just going to ask the same question. I've never seen that before. Large hits above the ask that don't show up on the chart?
This would indicate that these shares then are targeted for ST3 himself, and not planned for diluting into the open market, yes? That would be good news...
"(1)
Holder of the Series A Preferred Stock which is Stephen J. Thomas, is guaranteed 60% of outstanding common stock upon conversion. The Company would have to authorize additional shares for this to occur as only 1,000,000,000 shares are currently authorized."
This one puzzles me. It's very similar to the one about Grenada expansion released in July:
SAN DIEGO, CA / ACCESSWIRE / July 28, 2021 / TPT Global Tech, Inc. www.tptglobaltech.com ("TPTW or the Company") (OTCBB:TPTW) announced today that its subsidiary TPT MedTech's www.tptmedtech.com is expanding its Point of Care (POC) operations in the Caribbean with the introduction of its services in Grenada. With the Covid Delta variant on the rise globally, the operations will include Covid testing and the availability of its "QuikLAB" and "QuikPASS" Check and Verify Passport technology platform to tourists, local citizens, and government agencies.
Tourists in the country who are tested by an authorized "QuikLAB" facility will have to download the "QuikLAB" App, get tested and present and show their "QuikPASS" report results electronically via a QR code on their "QuikLAB" app. Once cleared to travel, tourists show or scan their "QuikPASS" QR code which displays their HIPPA compliant testing records to verify that they have been tested within the required timeframe making them free to travel home. The company has already successfully launched its QuikLAB and QuikPass technology platform in Jamaica where international travelers at both international airports in Montego Bay and Kingston are using the QuikPASS verification platform to travel home to their respective countries.
Travelers from Grenada to the US, Canada, the UK, and other countries may utilize "QuikPASS" or other COVID passport apps available or get tested at any approved facility and show their negative COVID-19 laboratory test results at the airport in the form of written documentation (electronic or printed) for clearance to travel. The CDC and other foreign authorities have mandated that all travelers coming back from the Caribbean, Mexico, and Latin America must be tested before arrival into the United States, Canada, and the UK. TPT MedTech will charge QuikLAB customers $85 for an antigen test and $120 for a PCR test in Grenada. Pre-Covid, Grenada saw 4 million tourists enter and depart the country annually.
"We will continue to expand our Caribbean footprint while we strive to be a leader in the fight against infectious diseases, Covid 19 and all variants," said Stephen Thomas, CEO of TPT Global Tech. "We expect to play a major role in keeping tourists and business travelers safe and compliant and will keep seeking revenue growing opportunities in the region and elsewhere through our proprietary medical solutions."
TPT MedTech developed its "QuikPASS™" Check and Verify passport system and Covid 19/Vaccination monitoring platform to serve corporations, government organizations, schools, airlines, hospitals, event venues, restaurants, hotels, and nightclubs. TPT solutions will check and verify that an individual has been tested for Covid 19 and variants as well as those vaccinated. TPT will provide proof individuals are able to travel or gain access to venues with the idea that everyone inside that venue would be virus-free. The "QuikPASS" "Check and Verify" passport-style platform works with third-party testing labs and organizations that participate in the "QuikPASS" Network and will be offered FREE to US domestic and international business commerce and government organizations around the world.
Thanks for the clarification!
Public corporations with shareholders want to show profit - especially those who pay dividends to those shareholders out of those profits. I agree in principle with you that corporations take advantage of ways to occupy their income that doesn't involve tax, but anything taken to the extreme is probably not a good idea. Showing some profit is a good thing for shareholders and public perception, making it more attractive to potential investors.
My $.02
Good morning. Just a misunderstanding about how information regarding late-breaking information was disseminated. Just trying to keep the conversation focused on events and not the people posting about them.
People are passionate about $TPTW, which is good.
GLTUA
I think it best to wait to see what tomorrow brings before rushing to any judgment. We all make mistakes and have lapses in judgment, if that is indeed what has happened tonight.
With any luck, the reason for the conflict will be even better (more concrete) news than speaking at a conference.
Sleep well.
Agreed, nothing official from the company. I'm sure that it is the company's IR director Frank who made the Oct 13 post I copied and pasted.
If it was a late-breaking development, perhaps they're waiting until morning to post something official. I don't know. I'm just conjecturing, but my experience is the TPTW crew is not dishonest. Overly enthusiastic at times. Overly optimistic at others, but based in honesty and integrity.
I share your 'source of information' concerns, so I dug a little.
There is a post on one of the TPTW facebook pages that says "Notice — The Emerging Growth Conference part for TPTW originally scheduled tomorrow 9/15/21 is having to be rescheduled to a later date due to a conflict per Frank Benedetto. Sorry everyone!"
There is a reply from Frank stating "Oct 13 from what I'm told"
Both timestamped an hour ago (currently 10 pm Pacific, so perhaps this is a late breaking development. Maybe the company will give us something official in the morning.
yes. whence comes your information? Text? Tweet? Facebook message?
I give up, what are you talking about? Where did Frank say anything about a re-schedule?
you didn't say 'Pretty Please"?
Not trying to be negative, just cautiously optimistic. Doesn't $TPTW seem to start out most mornings well, and fade during the day? Hopefully, today is different!
Not sure, but even I could afford 300 shares. Let's hope the buyers have a few more zeros behind that first number come opening bell.
pre-market ask at .0447. Doesn't really mean anything, but it does my heart good, anyway...
sorry, you're probably right. he is speaking at a conference, not holding a conference call.
Maybe compile and send them to Frank in advance to give ST3 time to prep answers so that he's ready for questions he knows will be coming?
A couple of 911 trades. Someone playing around, or is news coming?
much obliged!
can anyone explain?
INTL shows up with 192k on the ask at .0345, sells them and disappears. Not even on the L2 board anymore.
Just a retail sell?
It's awake, maybe...
Feels like the end shootout scene of some old Western movie, where everyone is waiting for everyone else to make a move...
But there is a difference between a person and a legal entity. There is no question that the legal entity CATV is entwined in shady behavior. It is unproven that the people currently running that entity were involved, nor even under investigation for being involved in that shady behavior. Should the legal entity be punished because of behavior of people no longer involved with it?
Likely because a driving license is a privilege, which New York apparently extends based on a person’s willingness to accept that condition.
I see SPLN on level 2, which I hadn't noticed before. They aren't seriously playing yet, sitting at .01 bid and .10 ask, but they are present.
Not trying to spam other tickers, but I found this on 'the Google'
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=165728088
And look what that ticker did in early September...
Thoughts from those who know more than I do?
While that would be awesome beyond incredible, it’s not something I will even let myself think about. I have waaaay too much of a gambler mentality to even let myself think about numbers like that. ??
I read it that way at first, too, but now I think those are two separate thoughts.
- TPTW should run to a dollar easily
- Next week should be the start (of the easy run to a dollar)
I don't think there is a prediction there for a dollar next week.
Great weekend, All
Stop it. this small-time hack amateur can't handle talk like that!! Make me not sleep at night...