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Nice! They are def setting up imo! Finally we can hopefully see some movement this spring. (And path to increasing revs)
Revenues were on a steady decline. Share price fluctuations aligned with company PRs and stated date promises as well as dilution / note conversion events. Period
Add the most important part. Dwindling revenues (decreasing over time), increasing and diluting the OS with toxic loans and notes and continually missing their publicly stated dates of opportunities and products. That is how they got to a $2 million market cap. No main stream investors want to put their money into a company that doesn’t increase revenues over time and dilutes. (Except maybe the select few here ;) who see some possibilities). This is the otc. Let’s not kid ourselves. Let’s see what they put out for a quarterly / annual now that they are no longer emerging growth.
lol. Sure thing sista. Truth is several things have happened that no one knew about.
Hey. Why don’t you roll the dice and take a chance ? Sounds like you bitter about something. Sure do spend a lot of time here.
The fact is my comment was factual if you know how to read. I see you and Mx don’t… maybe you’re one and the same. Go hang with your boys stok and abc. I see you’re ‘winning’ a lot.
Let’s hope so…. This will enable the app to be pre loaded on phones which should start the increase in user base. Will also provide revenue and equity to the company and pave the path for growth.
Fingers crossed. Or … I look forward to any excuses.
The biggest thing though is you don’t just release an app without having proper financing and strategy in place. Tekmovil is a big part of that path.
Happy Sunday. I got my popcorn.
Since it’s a ‘strategy’. Strategy’s are not material events.
This is a material event. This wouldn’t be a quarterly if that’s what you’re saying.
For any material event, an 8k is supposed to be filed within 4 business days of the event. So if it’s April 2nd for the event… the. The 8k should be out by the following Monday the 8th.
https://www.ansarada.com/blog/material-events#:~:text=Material%20events%20include%3A,%2C%20land%2C%20products%2C%20intellectual%20property
Cash smash. So up to 8 million series E.
Still. We’ll find out in ~ 7 business days.
Says both. Minimum $10 million in cash. The rest may be shares
One week and two days before ST3 and TPTW PRed / files statement of closing on Tekmovil acquisition.
Good. I’m glad you are self aware AI.
lol. Exactly. Live by your words and stop talking over people and changing their subjects.
I dont care. That’s not what I was talking about. You still are doing some rando shhh comments without any motion to conversation. Just trying to form a negative opinion about some random aside AI.
By the way. iOS is basically a ‘super app’ and is an OS. lol.
The point of the story is the govt is trying to open apples ecosystem to let other super app like apps and cross platform messaging in. Jeeez.
Apple owns the ecosystem. So no. TPT can’t ‘slam dunk’ Apple any day. They don’t have the pockets and ubiquitous awareness and capability. Maybe 5-10 years ? Apple already has home kit and they can easily port that into sonebotng bigger if need be. But maybe they don’t want to. They have other things to spend their money and research on.
But again. The point was opening up iOS to allow apps like Vume in. Derp
Apples got the money. But the post was that would open up the ability to have another ecosystem on one of the largest phone OS’. I don’t see anything coming out of it either.
It’s weird. To me… why don’t people just buy an android at that point. If people want the closed nature and security features of apple stay with it… if you want to do something like this, go with the phones already allowing you to do it …. It’s more of the big companies exerting pressure cause they know what apples got imo.
Did you actually read what was put out ther ? I mean it was pulled out of the article. Read it. It would be good for TPT. Dam.
Hahaaaa. Again with the automated ai response
On another note:
Apple sued by Biden administration and 16 state and district attorneys over alleged iPhone 'monopoly power'
Among the suit's allegations:
-Apple prevents the successful deployment of what the DOJ calls "super apps" that would make it easier for consumers to switch between smartphone platforms.
-Apple blocks the development of cloud-streaming apps that would allow for high-quality video-game play without having to pay for extra hardware.
-Apple inhibits the development of cross-platform messaging apps so that customers must keep buying iPhones.
In a statement, Apple denied the allegations and accused the government of overreach.
“At Apple, we innovate every day to make technology people love —designing products that work seamlessly together, protect people’s privacy and security, and create a magical experience for our users," it said. "This lawsuit threatens who we are and the principles that set Apple products apart in fiercely competitive markets. If successful, it would hinder our ability to create the kind of technology people expect from Apple—where hardware, software, and services intersect. It would also set a dangerous precedent, empowering government to take a heavy hand in designing people’s technology. We believe this lawsuit is wrong on the facts and the law, and we will vigorously defend against it.”
Source: https://www.nbcnews.com/business/business-news/apple-sued-doj-antitrust-monopoly-biden-rcna144424
lol. Very different than your messages about it being a ‘done deal’.
Again circumvented the question or comment. The answer was given and you keep trying to make it about something else. lol. Oh my. You’re not good today AI.
About what. Your comment had nothing to do with my comment and you circumvented the question. You literally are just here to blabber words and conspiracy theories. Every time you’re proven wrong, you make this comment ‘let the jury speak ‘. Blah blah blah.
Nothing to do with my comment
The same message was repeated over the last teo years… about going to Nasdaq. Market cap needed to be at a certain level. It never came. So the same thing can be said about those times. Was $5 mil or $8 mil market cap fair for the last two years ? Yes. It is fair because they did not realize revenues to support higher market caps (just like the present time). If that changes with tekmovil acquisition / financing, the market cap with sp will increase and adjust accordingly. Everything else is wishful thinking. And wishful thinking foes not support higher market cap (it does however sometimes cause a pump and dump … but there were several broken promises along the way …. So)
Correct
Yes. If tekmovils revs are real then this will
Adjust.
If they have 100-200 million in revenues, 500- 1 billion in market cap isn’t far fetched.
I hope it goes to a dollar prior to any RS … that would be huge.
No you didn’t.
They gave away their losses to ‘family members’. Trying hard to get out of the y’all group.
Again. We / I have been saying this for two years dude with you disagreeing the whole entire time that it wasn’t dilution bringing the price down. Now you admit the sp drop is due to dilution. Finally.
Price will rise once the company executes on any of its promises and opportunities. Period. The people on the side lines with money are not falling for fluff statements anymore. ST3 has to execute or this flounders or drops with anymore dilution. Sorry ai.
lol. Perfectly exemplifies some sort of AI response. The ‘sense-o-meter’ is off the charts. (I can’t believe my comment was taken literally).
5D chess with 5G connectivity.
The AI system is updating with excuses for not meeting the March 31 + 2 business day timeline. Give it time to invest the vast amounts of data. :)
Yes. The latest filing shows those dates. If they miss it and it’s still in progress they will have to update with another filing updating time frames. Also the audit is supposed to compete by March 31.
Sounds like someone is saying it’s not a ‘done deal’.
If there were promissory notes initiated, they can matures on / after March 31.
Tic toc
“The acquisition for 60% ownership includes two payments totaling $40,000,000. The initial payment (“First Payment”), up to $20,000,000, can be settled either in cash (a minimum of $10,000,000) or through TPT Series E Convertible Preferred Shares at a stated price of $5.00 per share paid by October 31, 2023, unless extended by Tekmovil shareholders. Any remaining balance from the first installment will result in issuing a secured promissory note (“First Payment Note”) for the remaining balance of the First Payment bearing interest at 6% per annum and a maturity date of the earlier of (i) March 31, 2024, and (ii) a filing by TPT of a Form S-1 registration statement.
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Table of Contents
For the second portion of the purchase price (“Second Payment Note”), TPT can issue a secured convertible promissory note for $20,000,000, bearing interest at 6% per annum and a maturity date of the earlier of (i) March 31, 2024, and (ii) a filing by TPT of an Uplisting Registration Statement in connection with a primary offering of TPT’s securities and listing of TPT’s common stock on NYSE, NASDAQ or other major US stock exchange. In lieu of payment of Second Payment Note in cash, at Sellers’ sole option, the Second Payment Note may be converted into additional shares of TPT Series E Convertible Preferred Stock with a stated price of $5.00 USD per share.
It is understood by TPT and Sellers that the $40,000,000 purchase price for Transferred Interests is based upon an agreed valuation based on EBITDA of $13,000,000 for Tekmovil’s operations. TPT and Sellers further agreed that if, for the twelve (12) month period following Closing, the EBITDA calculation for the Surviving Corporation is less or more than $13,000,000, the aggregate amount of the $40,000,000 paid to Sellers shall be adjusted proportionally downward or upwards, as the case may be, by a maximum of 20% pro rata to the actual EBITDA increase or decrease. In the event the EBITDA calculation is less than $13,000,000, the Sellers shall refund such amount to TPT within 30 days following receipt of notice of the EBITDA calculation. In the event the EBITDA calculation is more than $13,000,000, TPT shall pay such amount to Buyers within 30 days following receipt of notice of the EBITDA calculation.
Furthermore, a provision allocates up to $80 million of funds raised from TPT's public offering to facilitate the restructuring of Tekmovil's senior debt through loans encompassing a 5-year term with provisions for expedited repayment to TPT.
TPT’s obligations under the First Payment Note and Second Payment Note shall be subject to a Security and Pledge Agreement, in the form attached to the SPA as Exhibit G, which includes a first priority security interest in TPT’s shares in the Surviving Corporation.”
~~~~~~
Looks like there may be two promissory notes that would cover both the first and second portions of the payment. Along with cash and series e shares. From how I read it $10 million minimum in cash is needed which would mean $10 million on series e for that first payment of $20 million. Unsure if that happened and may have been ‘extended’. I’m not sure if they have to report that extension OR they used the expert market thing to not have to solving (? Speculating). The second note could also convert to series E shares (at $5 a share).
The second and title payments will also be from an additional promissory note all due by March 31 date.
Perhaps the first S1 raise will pay these notes off (or some external funder).
So in both payments, the first payment could be up to $10 million in series e shares and the second payment can convert into series e shares (to reduce dilution).
Again. Unsure if any of this happens as they should have released an 8k. But if this happened during expert market, they may not have had to release that info. 5D chesssss. Just speculating.
March 31 +2 business days folks. Let’s see if he pulled it off
Good morning to most!
* for the record, I didn’t say they didn’t have the money/ investor.
My comment was about closing the deal on March 31 (+2 business days).
lol. It has so many times. And the filings tell the truth. You say this every time you’re caught AI.
Well. I’ll give it to him that he knew the reverse split was going to be cancelled… and it was. We saw how that turned out too.
That ‘extension’ was in October.
And in regards to your question about the additional S1. Are you referring to the one the company states in the latest equity financing ? Not mine.. but the COMAPNY’s words?
https://finance.yahoo.com/news/tpt-global-tech-announces-3-130000173.html
March 31 plus 2 business days. April 2.
Are you now claiming it’s not going to happen after you vehemently said over and over it’s a done deal ?