I Find 'EM .............. Before you CAN !
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$ATGL: And nowwwwwwwwwwwwwwwwww............... $28 !!!!!!!!!!!!!
How u like me now ????
Do u enjoy these MEGA BBANGERS ???
Gift me
GO $ATGL
$AIABF: Growth continuing in the Indian MARKET #AirAsia remains committed to serving the Indian market as network growth gains momentum. ✈️📈
Full article. 👇https://t.co/3FSOIWs38P
GO $AIABF
$TMNA: Get lost numbnuts...............
Go to the $TIO message board.
That is where your needed........... $TIO is Tingo Group
$TMNA is Tingo INC.
Get your head on right............ no one still cares what you have to say.
GO $TMNA
$TMNA: 3rd quarter fins released................ $2.4Billy NetRevs YTD.
Tingo Group, Inc. Reports Third Quarter 2023 Financial Results
November 14, 2023 07:00 ET
| Source: Tingo Group, Inc.
Share
Net Revenues for the 9 Months Ended September 30, 2023 Amounted to $2.41 Billion
Operating Profit for the 9 Months Ended September 30, 2023 Amounted to $492.5 Million and EBITDA1 for the 9 Months Amounted to $777.9 Million
Lease of 6 Million New Phones and Corresponding Customer Onboarding to Nwassa Platform Scheduled to Commence from December 2023
International Expansion Gaining Pace with Pilot Program Launch in Malawi and MOU Signed with Government of Pakistan for Nationwide Rollout
Management to Host Conference Call Today at 8:00 a.m. Eastern Time
MONTVALE, N.J., Nov. 14, 2023 (GLOBE NEWSWIRE) -- Tingo Group, Inc. (NASDAQ: TIO) (“Tingo” or the “Company”), a profitable multi-national fintech, agri-fintech, food processing and commodity trading company, today announced its financial results for the quarter ended September 30, 2023.
Highlights & Recent Developments
Financial Results
Net revenues for the three and nine months ended September 30, 2023, were $586.2 million and $2.414 billion respectively, compared to $13.7 million and $35.3 million for the three and nine months ended September 30, 2022, respectively.
The net revenues for the three months ended September 30, 2023, represented a decrease of $391.0 million compared to the three months ended June 30, 2023, which was attributable to several factors. The Company’s net revenues were materially affected by the significant devaluation of Nigeria’s currency, which ensued following the Nigerian Government’s lifting of certain foreign exchange restrictions on June 14, 2023. While there was some impact on net revenues for the second quarter, the impact was significantly greater in the third quarter due to the fact the devaluation covered the entire quarter. The exchange rate moved from Naira 462.88 / $1.00 on June 13, 2023, to Naira 768.76 / $1.00 on September 30, 2023, which led to a decrease of 39.43% in the U.S. Dollar reported revenues of both Tingo Mobile and Tingo Foods for the third quarter, compared to the level that would have been recorded if calculated at the June 13, 2023 pre-devaluation exchange rate.
The businesses of Tingo Mobile and Tingo Foods, and their respective revenues, were temporarily adversely affected during the second quarter of 2023 by the economic disruption following Nigeria’s government elections and subsequent change of presidential administrations. These businesses were then affected further, and to an even greater degree, by the adverse publicity and loss of customer confidence created by the short seller report against the Company on June 6, 2023. The business of Tingo DMCC was also temporarily negatively impacted by the adverse publicity, and resultant loss of customer confidence, which resulted in a delay in several export orders.
Gross profit for the three and nine months ended September 30, 2023, was $137.9 million and $870.8 million, respectively, compared to $3.2 million and $6.5 million for the three and nine months ended September 30, 2022, respectively.
The gross profit for the three months ended September 30, 2023, represented a decrease of $208.1 million compared to the three months ended June 30, 2023. The reduction in the gross profit and gross profit margin for the third quarter was attributable to the impact on revenues of the material change in the exchange rate of Nigeria’s currency against the U.S. dollar and the temporary loss of customer confidence created by the short seller report against the Company, combined with the impact on cost of sales in the Food Processing segment and Export and Commodity Trading segment of the high level of food price inflation in Nigeria, where it has taken time for the businesses to adjust their selling prices accordingly and restore profit margins.
Operating profit for the three and nine months ended September 30, 2023, was $50.1 million and $492.5 million, respectively, compared to a loss from operations of $8.7 million and $32.5 million for the three and nine months ended September 30, 2022, respectively.
EBITDA1 for the three and nine months ended September 30, 2023, was $122.6 million and $777.9 million, respectively, compared to an EBITDA loss of $8.1 million and $29.3 million, for the three and nine months ended September 30, 2022, respectively.
Net profit per share attributable to Tingo Group for the nine months ended September 30, 2023, of $1.69 based on the weighted average shares outstanding on September 30, 2023, and $0.57 per share on a fully diluted basis.
Tingo Group invested heavily in the growth of Tingo Mobile, Tingo Foods and Tingo DMCC during the nine months, including: (i) making an upfront payment of $711.6 million on the purchase of 6 million handsets for new AFAN customers, which are scheduled to commence generating revenue from December 2023; (ii) prepaying AFAN for produce for Tingo Foods and settling their brought forward payables, resulting in a total net outlay of $369.9 million; and (iii) self-funding stock purchases of $370.4 million for Tingo DMCCs export sales, the majority of the revenues for which are scheduled to be received during the fourth quarter. In addition, tax payments totaling $174.0 million were made for Tingo Mobile on its taxable earnings for fiscal year 2022, and the Company also incurred a substantial foreign exchange loss. As a result, the balance of cash and cash equivalents on September 30, 2023, stood at $53.4 million, compared to $500.3 million on December 31, 2022.
1EBITDA (Earnings Before Interest Tax Depreciation and Amortization) is considered a non-GAAP measure of financial performance). See reconciliation of EBITDA to Operating Profit in the summarized financial results below.
Operational Milestones
AFAN adopted Nwassa marketplace on an exclusive basis for all its members. AFAN is supporting this initiative with a nationwide marketing campaign to promote Nwassa as AFAN’s recommended method for farmers to use to purchase farming inputs; sell agricultural produce; and purchase of a range of value-added services.
Purchased 6 million smartphone handsets to supply to new AFAN customers, which are expected to generate leasing revenue and Nwassa transaction revenue from December 2023.
Commenced the first harvest of the 3,000 hectares of new farming land that Tingo Mobile financed the cultivation of in June 2023. Following the successful proof of model, Tingo Mobile and AFAN plan to significantly expand the program to cultivate much larger areas of land in 2024.
Tingo Foods completed the development of its first Tingo branded food and beverage products, in what is planned to be an extensive range for the African market. Such products are scheduled for launch during the early part of next year.
The joint venture construction partner for the new state-of-the-art processing facility in Delta State remains on track for Phase 1 of the facility to commence operations by the middle of 2024.
Resumed development of Tingo DMCC commodity trading and export business outside of continental Africa, with the aim of commencing significant dollarization of the business by end of fourth quarter and the full dollarization of the Company’s earnings by end of 2024.
Launched full version of TingoPay on Android and iOS, having completed beta testing. New version includes an expanded range of features, including retail voucher cards and new bill payment functions, building on original features and TingoPay’s partnership with Visa.
Opened new Africa headquarters in the financial sector of Victoria Island, Lagos. The new three-story 60,000 square foot headquarters building has capacity to accommodate a workforce of up to 500 in addition to the 100 employees that can be accommodated at the Company’s former headquarters on Lagos Island.
Signed a Memorandum of Understanding with the Khyber Pakhtunkhwa Information Technology Board to launch and roll out the Company’s business and service offerings into Pakistan, the fifth most populous country and one of the largest agricultural commodity producers in the world.
On August 30, 2023, completed a detailed investigation into allegations made by a Short Seller against the Company, disproving all such allegations. The investigation involved independent counsel investigating certain of the allegations at the direction of the independent directors, as well as the company engaging a Top 10 U.S. Law Firm as outside counsel to undertake its own investigation; along with the Nigerian offices of a separate global and Top 10 U.S. Law Firm to undertake investigative work in Nigeria.
On August 31, 2023, announced the commencement of a quarterly dividend. The foreign exchange conversion for the payment of the first dividend, which is in the amount of $20 million, is currently being approved by the Central Bank of Nigeria, the finalization of which is expected soon. We intend to increase the amount of the quarterly dividend as we grow our earnings and cash balances.
Dozy Mmobuosi, Co-Chief Executive Officer of Tingo Group and Founder of Tingo Mobile and Tingo Foods, commented, “After a challenging third quarter, where we suffered from the impact of several externally generated factors, I am very pleased with the strong recovery we are seeing in the fourth quarter, which I am confident will see us return to growth.
“The deepening of our relationship with AFAN, as the umbrella organization for Nigeria’s farmers and agricultural sector, has been a particularly important catalyst in our recovery, as we work with them, together with the cooperatives and several other parties to restore customer confidence following the negative press we received over the summer period in relation to the short seller attack. The adoption of Nwassa as AFAN’s exclusive agricultural marketplace platform, together with AFAN’s commencement to lease and distribute 6 million new smartphones from December, are expected to ensure that Tingo Mobile delivers a strong end to the year.
“Tingo Foods has already seen a particularly strong recovery, aided by the commencement of the wet-season harvest, including the harvest of the new farming land that we financed the cultivation and farming inputs for in June 2023. We have also been able to adjust Tingo Food’s selling prices to account for the significant increase in food price inflation experienced in the summer, thereby restoring our gross profit margins. The higher Tingo Foods selling prices are also expected to outweigh the impact of devaluation of the Naira. In addition, we are working towards launching our first Tingo branded food and beverage products by the end of the year, which will see a significant expansion of our product range, as well as a major step towards making Tingo a household name in Africa.
“Tingo DMCC experienced the delay and cancellation of business during the third quarter as new customers located outside of Africa, decided to wait for the completion of the investigation into the short seller allegations before proceeding with their orders. Since the completion of the investigation on August 30, 2023, and the publicly announced confirmation that all the short seller’s allegations against the Company had been disproved, Tingo DMCC has been able to resume the further development of its export and commodity trading business, including with its geographical expansion. The expansion of Tingo DMCC’s business outside of Africa, is expected to lead to the significant dollarization of the business before year end.
“I am aware that many of our stockholders are interested to know the status of the payment of the Company’s first dividend. I can confirm that we are working with our bankers in Nigeria and the Central Bank of Nigeria to obtain the foreign currency exchange approval on our first dividend payment of $20 million. While this has taken significantly longer than originally anticipate, which is due to well publicized external factors, we expect to receive the approval very soon, at which point we will formally declare the dividend and set the record date.”
Kenneth Denos, Co-Chief Executive Officer of Tingo Group, added: “We are proud of our progress and achievements for the third quarter and the nine months ended September 30, 2023. Despite some major headwinds that caused a decrease in customer activity during the quarter, we were able to regroup and continue on the path to growing and developing our businesses.
“The deepening of our partnership with AFAN to increase our customer base in Nigeria, the deployment of millions of smartphones to more of AFAN’s members by the end of this year, as well as the recent announcement of our endeavours in Pakistan, are strong indicators of the enormous potential we have to both increase our presence in those markets in which we already operate, as well as expand into new markets with incredible growth potential. We look forward to realizing these opportunities for the Company and our shareholders in the near future.”
Nine Months Ended September 30, 2023 Financial Review
Net revenues for the nine months ended September 30, 2023, were $2,414.6 million, compared to $35.3 million for the nine months ended September 30, 2022, an increase of 6,745%. The increase is mainly attributable to the addition of the Tingo Mobile and Tingo Foods acquisitions completed on December 1, 2022, and February 9, 2023, respectively, and the commencement of export trades through Tingo DMCC in May 2023.
Gross profit for the nine months ended September 30, 2023, was $870.8 million, or 36% of revenues, compared to $6.5 million, or 19% of revenues, for the nine months ended September 30, 2022.
Selling and marketing expenses for the nine months ended September 30, 2023, were $174.9 million as compared to $4.9 million for the nine months ended September 30, 2022. The increase was due to an increase in marketing expenses from the inclusion of sales and marketing expenses for Tingo Foods and Tingo Mobile, which was offset in part by a decrease in marketing expenses for the stock trading businesses.
General and administrative expenses for the nine months ended September 30, 2023, were $127.9 million compared to $30.2 million for the nine months ended September 30, 2022, mainly attributed to the addition of costs from Tingo Mobile and Tingo Foods, and an increase in share-based payments totalling $40.7 million and share issuance from litigation in total amount of $16.5 million.
Operating profit for the nine months ended September 30, 2023, was $492.5 million versus an operating loss of $32.5 million for the nine months ended September 30, 2022. The increase in profit from operations is mainly attributed to the acquisitions of Tingo Mobile and Tingo Foods and the commencement of export trades through Tingo DMCC, as explained above.
Net income attributable to Tingo Group for the nine months ended September 30, 2023, was $293.9 million compared to a net loss of $30.7 million for the nine months ended September 30, 2022, primarily as a result of the acquisitions of Tingo Mobile and Tingo Foods, and the commencement of export trades through Tingo DMCC in May 2023.
Consolidated EBITDA1 for the for the nine months ended September 30, 2023, was $777.9 million compared to Consolidated EBITDA1 Loss of $29.3 million for the nine months ended September 30, 2022.
Third Quarter 2023 Results Conference Call
A presentation will accompany the conference call, which can be viewed during the webcast or accessed via the investor relations section of the Company’s website here.
The conference call will be followed by a question-and-answer period. Questions will be accepted leading up to the call and can be submitted via email to TIO@mzgroup.us.
To access the call, please use the following information:
Date: Tuesday, November 14, 2023
Time: 8:00 a.m. Eastern Time (5:00 a.m. Pacific Time)
Dial-in: 1-844-826-3035
International Dial-in: 1-412-317-5195
Conference Code: 10184362
Webcast: https://viavid.webcasts.com/starthere.jsp?ei=1639550&tp_key=34a5261e17
A telephone replay will be available approximately three hours after the call and will run through January 14, 2023, by dialing 1-844-512-2921 from the U.S., or 1-412-317-6671 from international locations, and entering replay pin number: 10184362. The replay can also be viewed through the webcast link above and the presentation utilized during the call will be available in the company’s investor relations section here.
About Tingo Group
Tingo Group, Inc. (Nasdaq: TIO) is a global Fintech, Agri-Fintech, food processing and commodity trading group of companies with operations in Africa, Southeast Asia and the Middle East. Tingo Group’s wholly owned subsidiary, Tingo Mobile, is a leading Agri-Fintech company operating in Africa, with a comprehensive portfolio of innovative products, including a ‘device as a service’ smartphone and a value-added service platform, the cornerstone of which is the Nwassa ‘seed-to-sale’ marketplace platform, as well as insurance, micro-finance, and mobile phone and data top-up. Tingo Group’s other Tingo business verticals include: TingoPay, a SuperApp in partnership with Visa, offering a wide range of B2C and B2B services including payment services, an e-wallet, foreign exchange and merchant services; Tingo Foods, a food processing business that processes raw foods into finished products such as rice, groundnut oil, nut products, wheat, millet and maize; and Tingo DMCC, a commodity trading platform and agricultural commodities export business based out of the Dubai Multi Commodities Center. In addition to its Tingo business verticals, Tingo Group also holds and operates an insurance brokerage platform business in China; and Magpie Securities, a regulated finance services Fintech business operating out of Hong Kong and Singapore, which, as relatively small businesses within the Company, are currently in the process of being reviewed and re-positioned. For more information visit tingogroup.com.
Disclaimer
The information in this news release includes certain information and statements about management and the Company’s board of director’s view of future events, expectations, plans and prospects that constitute forward looking statements. These statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, expectations, achievements or performance may differ materially from those anticipated and indicated by these forward-looking statements. Any number of factors could cause actual results to differ materially from these forward-looking statements as well as future results. Although the Company believes that the expectations reflected in forward looking statements are reasonable, it can give no assurance that the expectations of any forward-looking statements will prove to be correct. These forward-looking statements involve a number of risks, uncertainties or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, those discussed and identified in public filings made with the SEC by the Company and: (i) the results of the independent review; (ii) the risk of restatement of the Company’s previously reported financial statements or the identification of one or more material weaknesses in internal control over financial reporting; (iii) costs relating to the independent review, which are likely to be material; (iv) the outcome of any legal proceedings that may be instituted against the Company, including as may result from the independent review and (v) the ability to meet stock exchange continued listing standards. Except as required by law, the Company disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise.
Investor Relations Contact
949-491-8235
TIO@mzgroup.us
www.mzgroup.us
$BEGI: STOPPPPPP SELLLLINGGGGGGGGGGGGGGGGGGGG
Just kidding....... sell if u must.
Nothing wrong with taking profits.
We're in a trading channel now......... rinse and repeat.
GO $BEGI
$DEO: Gotta look at $DEO December $150 calls !!!!!!!!!!!!!!!
$DEO got rocked last week.............. moving into XMas heavy drinking time of the year,, Get those Dec $150 calls now only $1.10 !!!!!!!!
THANK ME LATER !!!!!!!!!!!
GO $DEO
$TRIS: Definitive Agreement with SPAC..... Helport Ltd
Tristar Acquisition I Corp. and Helport Limited Sign Definitive Business Combination Agreement.
NEWS PROVIDED BY
ACCESSWIRE
Nov 13, 2023, 8:00 AM ET
BURLINGTON, MA and SINGAPORE, SINGAPORE / ACCESSWIRE / November 13, 2023 / Tristar Acquisition I Corp. ("Tristar"), a special purpose acquisition company, is pleased to announce the signing of a definitive business combination agreement (the "Business Combination Agreement") with Helport Limited ("Helport"), an AI technology company specializing in providing intelligent products, solutions, and a digital platform to improve communication efficiency between businesses and their customers, enhance user experience, and improve sales performance.
Key Details of the Agreement:
The pre-merger entity is valued at US$350 million.
Helport's equity holders will transition 100% of their equity to the combined entity, Helport AI Limited ("Pubco").
The parties contemplate raising a new PIPE investment of approximately US$25 million.
The transaction is expected to provide up to US$130 million in gross proceeds from cash held in Tristar's trust account (assuming no redemptions).
Mr. Xiaoma (Sherman) Lu, Tristar's Chief Executive Officer, said"We are excited to work with Helport and hope to generate additional value for our shareholders."
Helport's CEO, Mr. Guanghai Li, said "We believe that this strategic partnership with Tristar will amplify our outreach and accelerate our tech-driven endeavors."
The consummation of this business combination is expected to occur in Q1 2024, subject to standard closing conditions, requisite regulatory approvals, and the affirmative vote by Tristar's public shareholders.
Advisors: Ellenoff Grossman & Schole, LLP, Ogier and Rajah & Tann Singapore LLP are serving as legal advisors to Tristar.
Hunter Taubman Fischer & Li LLC, Ogier and Reed Smith Resource Law Alliance are serving as legal advisors to Helport.
About Tristar Acquisition I Corp.: Tristar Acquisition I Corp. is a blank check company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses globally.
Tristar is led by Xiaoma (Sherman) Lu, Chief Executive Officer, Chunyi (Charlie) Hao, President, Michale Hao Liu, Chief Financial Officer and Chairman of the board of directors and Ri (Richard) Yuan, Chief Investment Officer. Tristar's units, class A ordinary shares and warrants are currently trading on the New York Stock Exchange under the symbols "TRIS.U," "TRIS," and "TRIS.W," respectively. Each unit contains one class A ordinary share and ½ warrant and holders of the unit may elect to separately trade Tristar's class A ordinary shares and warrants.
About Helport Limited: Registered in British Virgin Islands with its operations based in Singapore, Helport is an AI technology company dedicated to serving enterprises' customer contact centers with intelligent products, solutions, and a digital platform, aiming to enhance communication efficiency with customers, streamline processes, and ensure consistent operations and customer satisfaction.
Additional Information:
Pubco intends to file with the SEC a Registration Statement on Form F-4 (as may be amended, the "Registration Statement"), which will include a preliminary proxy statement of Tristar and a prospectus in connection with the proposed business combination involving Tristar, Pubco, Merger I Limited, Merger II Limited and Helport pursuant to the Business Combination Agreement. The definitive proxy statement and other relevant documents will be mailed to shareholders of Tristar as of a record date to be established for voting on Tristar's proposed business combination with Helport. SHAREHOLDERS OF TRISTAR AND OTHER INTERESTED PARTIES ARE URGED TO READ, WHEN AVAILABLE, THE PRELIMINARY PROXY STATEMENT, AND AMENDMENTS THERETO, AND THE DEFINITIVE PROXY STATEMENT IN CONNECTION WITH TRISTAR'S SOLICITATION OF PROXIES FOR THE SPECIAL MEETING OF ITS SHAREHOLDERS TO BE HELD TO APPROVE THE BUSINESS COMBINATION BECAUSE THESE DOCUMENTS WILL CONTAIN IMPORTANT INFORMATION ABOUT TRISTAR, HELPORT, PUBCO AND THE BUSINESS COMBINATION. Shareholders will also be able to obtain copies of the Registration Statement and the proxy statement/prospectus, without charge, once available, on the SEC's website at www.sec.gov or by directing a request to Tristar by contacting its Chief Financial Officer, Michael Liu, c/o Tristar Acquisition I Corp., 2 Burlington Woods Drive, Suite 100, Burlington, MA 01803, at +781 640-4446.
Participants in the Solicitation:
Tristar, Helport, Pubco and their respective directors, executive officers and employees and other persons may be deemed to be participants in the solicitation of proxies from the holders of Tristar securities in respect of the proposed Transactions (as defined below). Information about Tristar's directors and executive officers and their ownership of Tristar's securities is set forth in Tristar's filings with the U.S. Securities Exchange Commission (the "SEC"). Additional information regarding the interests of the participants in the proxy solicitation will be included in the proxy statement pertaining to the proposed Transactions (as defined below) when it becomes available. These documents can be obtained free of charge from the sources indicated above.
No Solicitation or Offer:
This communication shall not constitute an offer to sell or the solicitation of an offer to buy any securities pursuant to the proposed Transactions (as defined below) or otherwise, nor shall there be any sale of securities in any jurisdiction in which the offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.
Forward Looking Statements:
This communication contains, and certain oral statements made by representatives of Pubco, Tristar and Helport and their respective affiliates, from time to time may contain, "forward-looking statements" within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Pubco's, Tristar's and Helport's actual results may differ from their expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "might" and "continues," and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, Pubco's, Tristar's and Helport's expectations with respect to future performance and anticipated financial impacts of the transactions contemplated by the Business Combination Agreement (the "Transactions"), the satisfaction of the closing conditions to the Transactions and the timing of the completion of the Transactions. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from expected results. Most of these factors are outside of the control of Tristar or Helport and are difficult to predict. Factors that may cause such differences include but are not limited to: (i) the inability of the parties to successfully or timely consummate the Transactions, including the risk that any required regulatory approvals are not obtained, are delayed or are subject to unanticipated conditions that could adversely affect Pubco or the expected benefits of the Transactions, if not obtained;(ii) the failure to realize the anticipated benefits of the Transactions; (iii) matters discovered by the parties as they complete their respective due diligence investigation of the other parties; (iv) the ability of Tristar prior to the Transactions, and Pubco following the Transactions, to maintain the listing of Pubco's shares on a national exchange; (v) costs related to the Transactions; (vi) the failure to satisfy the conditions to the consummation of the Transactions, including the approval of the Business Combination Agreement by the shareholders of Tristar; (viii) the risk that the Transactions may not be completed by the stated deadline and the potential failure to obtain an extension of the stated deadline; (ix) the outcome of any legal proceedings that may be instituted against Pubco, Tristar or Helport related to the Transactions; (x) the attraction and retention of qualified directors, officers, employees and key personnel of Tristar and Helport prior to the Transactions, and Pubco following the Transactions; (xi) the ability of Pubco to compete effectively in a highly competitive market; (xii) the ability to protect and enhance Helport's corporate reputation and brand; (xiii) the impact from future regulatory, judicial, and legislative changes in Helport's or Pubco industry; (xiv) the uncertain effects of the COVID-19 pandemic; (xv) competition from larger technology companies that have greater resources, technology, relationships and/or expertise; (xvi) future financial performance of Pubco following the Transactions, including the ability of future revenues to meet projected milestones; (xvii) the ability of Pubco to forecast and maintain an adequate rate of revenue growth and appropriately plan its expenses; (xviii) the ability of Pubco to generate sufficient revenue from each of its revenue streams; (xix) the ability of Pubco's patents and patent applications to protect Pubco's core technologies from competitors; (xx) Pubco's ability to manage a complex set of marketing relationships and realize projected revenues from subscriptions, advertisements; (xxi) product sales and/or services; (xxii) Pubco's ability to execute its business plans and strategy; (xxiii) the ability of Pubco to anticipate or successfully implement new technologies; (xxiv) the ability of Pubco to successfully collaborate with business partners; (xxv) risks relating to Pubco's operations and business, including information technology and cybersecurity risks; and (xxvi) other risks and uncertainties disclosed from time to time in other reports and other public filings with the SEC by Pubco, Tristar or Helport. The foregoing list of factors is not exclusive. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Pubco, Tristar and Helport undertake no obligation to update forward-looking statements to reflect events or circumstances after the date they were made except as required by law or applicable regulation.
Readers are referred to the most recent filings with the SEC by Pubco and/or Tristar. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made, and none of Pubco, Helport nor Tristar undertake any obligation to update or revise the forward-looking statements, whether as a result of new information, future events or otherwise.
Media Relations:
Tristar Acquisition Corp.
Contact: Michael Liu
Email: Michael@estonecapital.com
Phone: (781) 640-4446
Helport Limited
Contact: Toby Song
Email: tobysong@helport.net
Phone: (858) 925-3271
SOURCE: Tristar Acquisition I Corp.
$NHYF: Added 350k here at 0.0069.................
Ready for this to go over $0.01 this month
LFG !!!!!!!!
GO $NHYF
$BVH: November $50 calls are MASSIVE....... up 46k%
460x bagger on the day................... WOW.
BBuyout from Hilton will do that for ya
GO $BVH
$CREV : This was $TRCA last week............... now $190
It was at $7 last Wednesday.
HOLLLLYYYYYYYYYYYYYYYYYYYY CRAPPPPPPPPPPPPPPPPPPPPPPPP
GO $CREV
$ATGL: Started trading this week.................. now $6
Was $4 earlier this week.
Lets see...................
https://www.alphatechnology.group/products
GO $ATGL
$ATGL: Started trading this week.................. now $6
Was $4 earlier this week.
Lets see...................
https://www.alphatechnology.group/products
GO $ATGL
$MDCE: Marshall is a bum..... Same old NAME
Still called Medical Care Technologies !!!!!!!!!!!!
After alllllllllllllllll this time.
Complete bum............... if you can't properly name your PUBLIC LISTED COMPANY after all this time u know you
playing wiith both your thumb up your bbuttcrack.
Thats like Microsoft calling itself.... ohhhhhhhhhhh i dunno................ Medical Care Technologies forever.
WAKE UP SLACKER "CEO"
GO $MDCE
$FRBN: Ticker has changed to $ENGN......
Now at $21.59
GO $ENGN
$LBRMF: $X is still being looked to get bought up
Soooooooooooooooo much easy access to plentiful deposits with $LBRMF that demand isn't going to wane.
Let the SPOT price rise even higher.......... i won't be surprised to see it over $200T
GO $LBRMF
$LBRMF: 300k bidder at 0.075
The best time to STOCK up........ wayyyyyyyy overdue
LFG
GO $LBRMF
$FRBN: Not bad at all...............
amirite ????
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173085617
GO $FRBN
$FRBN: Just hit $47
Learn how to trade !!!!!!!!!!!!!!!!!!!!!!!!!!
Gave it to you............................... FIRST !!!!!!!!!!!!!!!!!!!!!!!
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=173085617
Just like i gave $TZPC before it ran up to the $30s
Bang THAT !!!!!!!!!!!!
GO $FRBN
$ASPA: High of $38
The only POS here............................ u
GO $ASPA
$FRBN: Thats not what yo momma said................
She loved the bangin
GO $FRBN
$ASPA: Was $12.70 at close last night........ now $19
Definitely on watch today
GO $ASPA
$INHD: Just wait for it........................
And give me a 1yr FULL ON iHub subscription.
You know I deliver
GO $INHD
$FRBN: Was just $10.20..... now $19.60
Anothher $AIRE ripper in the making
GO $FRBN
$AIRE: NOw $385
BOOOOooooooooooooommmmmmmmmmmmmmmmmmmmmm
GO $AIRE
$AIRE: WOOoooooooooooooo babbyy....$23 at the open now $150
WHATTTTAAAAAAAAAAAAA DAYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYYY
Good times amirite ????
GO $AIRE
$TMNA: Page 15 & Page 16
https://d1io3yog0oux5.cloudfront.net/_0961b3da712cc3d89a030409c08c1dd0/tingogroup/db/3478/32166/presentation/TIO+Q2+2023+Financial+Results+Conference+Call+Presentation+-+FINAL+v4.pdf
ENJOY !!!!!!!
GO $TMNA
$NTEK : Remember this TURD ???????
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=148994627
$RLLCF: The RR Spectre is ......... ALL ELECTRIC
Added more today................. gonna be a ROCKET
https://www.rolls-roycemotorcars.com/en_GB/showroom/spectre.html
Go $RLLCF
$MDAI: Now 4.75 !!!!!!!!!!!!
Not a bad buy................. almost made $3k so far on this trade, took longer than expected though.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172917423
GO $MDAI
$CLKXF: Part of ClubLink Golf Courses
Large owner operator of Golf Courses in Ontario, Canada
https://www.twcenterprises.ca/
https://clublink.ca/
GO $CLKXF
$LBRMF: Canadian IRONore is tthe better option over Brazillian Brazilian iron ore prices increased. pic.twitter.com/WGIk1poqna
I think we are gonna get a buyout offer for the whole DEAL beffore the year is up
GO $LBRMF
$TMNA: App launched in Malawi.... empowering women We did something exciting again!🥳 Our Group CEO, Dozy Mmobuosi, and CEO Tingo Mobile Malawi, Ayoola Olaide and Chris Cleverly, President at Tingo International Holdings, for a pivotal meeting with parliament members from various constituencies yesterday in Malawi.
Dozy in attendance for the innauguration
We just launched our Ajo Africa App in Malawi, an interest free loan app aimed at empowering its users financially.#tingomobile, #empoweringwomen, #Malawi
Click here for more infohttps://t.co/0dzus2TgkP pic.twitter.com/SmJcRoUpXA
Click for more:https://t.co/FFG8MJEnqh pic.twitter.com/u4x3RnsxQs
GO $TMNA
Anytime or soon......... whichever comes first.
Or when would u like it ???
We'll customize the timeline for you
$ASMB: Serious buy here at $1.50.......... $100Milly CASH UPFRONT
From $GILD............... and they don't show any sales here at $1.50 with a $38Milly MCap.
This is going to $5 soon enough
GO $ASMB
$BTTR: $0.20 to $0.50 like that............. HALTED
All u gotta say these days is GLP-1 !!!!!!!!!!!
GO $BTTR
$RSPI: Soild news........... added 3Milly shares at 0.0013
Okkkkkkkkkkkkkkkkkkkkkkkkk.................. lets go now
GO $RSPI
$TPST: $11 after hours already.........................
NICELY DONE
GO $TPST
$TMNA: Exactly right.......................
Just like TPST was knocked down for a whole 2yrs.
And today, TPST gets over 2yrs of worth all back............ in one day.
Thats how the market works.
No one realizes the value of the stock............... until it squeezes the crap out of them and makes them run super hard for cover.
TMNA legacy holders own a majority of Tingo............ $TIO was a just a vessel to use as
conversion from MICT....... this is what the market fails to understand.
GO $TMNA
$TMNA: TPST was the same price as us yesterday.................
All it takes is one day to go from $0.20 to $7 .............. all on market sentiment.
Our time is coming
GO $TMNA
$CMND: Fizzling now at 0.21
Had its moment ffor the day....................... sentiment
THey are all taking turns doing it
GO $CMND