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I'm still here. Nothing much seems to matter any more, the small cap space and OTC appear to be dead as a doornail until further notice. All of retail has been crushed into tiny pieces. No volume, no interest in any OTC or small/micro caps at this point.
So 80k buys at the ask doesn’t take out the 5k ask at .10. Got it.
Looks like someone wanted to take their tax loss for 2023 lol.
MEOA was up today too, hit $10.62
I’m not used to seeing green here - what’s happening? Lol
All of the conversion mechanics are in the Merger Agreement and S-1. I’m not saying it’s .02 a share I’m saying that 2% is the math for the conversion, should be trading around .20 now based on the math. Anyone who cares to do the work can find all of the conversion mechanics publicly filed.
It’s not a reverse split - it’s a reverse merger into more value (if that makes sense).
If you talk to the company they're talking about completion end of January, this is not a typical SPAC transaction so they are pretty confident it will happen.
Also the split isn't 110/1 - the conversion rate is set around .02 - so that means existing DTGI shares (fully diluted) will convert into around 7 million of MEOA shares. It's a set conversion ratio, so if you own 100,000 DTGI shares today, you'll own about 2,000 MEOA at $10.40 - if you do the math there you'll see current market cap is way off, should be more than 2x.
Those are all restricted shares, read the filings
I honestly can't believe there are still .09s for sale
Q is out. $8.2M quarterly revenue, $33M pro forma annual revenue, and sitting at a $14M market cap . . . .
These guys really know how to bring the volume with their news releases lololol
Still some in the .10s for sale
I bought a bunch around .08-.09. Earnings next week too I think.
PUMA moved back to .157, let her rip
Keep selling at .09 you dopes
Digerati Technologies Provides Update on its Plan to List on NASDAQ via Business Combination with Minority Equality Opportunities Acquisition Inc.
December 08, 2022 11:07 ET | Source: Digerati Technologies
SAN ANTONIO, Dec. 08, 2022 (GLOBE NEWSWIRE) -- Digerati Technologies, Inc. (OTCQB: DTGI) ("Digerati" or the "Company"), a provider of cloud services specializing in UCaaS (Unified Communications as a Service) solutions for the small to medium-sized business (“SMB”) market, is pleased to provide an update to its previously announced signing of a definitive business combination agreement with Minority Equality Opportunities Acquisition Inc. (NASDAQ: MEOA) (“MEOA”).
The Company and MEOA have made significant progress since the business combination agreement was executed on August 30, 2022. Key accomplishments include:
MEOA’s filing of the S-4 registration statement for the business combination on November 30, 2022.
Filing by MEOA of its Charter Amendment approved by the shareholders of MEOA on November 29, 2022.
The transaction results in a $105 million enterprise valuation for Digerati and has been approved by the boards of directors of both of Digerati and MEOA, with an expected closing in the first quarter of CY 2023, subject to shareholder, U.S. Securities and Exchange Commission (“SEC”) and Nasdaq approval. The S-4 registration statement for the business combination is currently under review by the SEC. For further information on the transaction and related filings, please visit the links below.
Minority Equality Opportunities Acquisition Inc. (MEOA) S-4:
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001859310/000121390022076458/ea168526-s4_minorityequ.htm
Minority Equality Opportunities Acquisition Inc. (MEOA) 8K (Related to the Charter Amendment):
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001859310/000121390022077668/ea169534-8k_minority.htm
About Digerati Technologies, Inc.
Welp- broke support here again and RSI at 25. Only a fool would sell with uplist around the corner
More of just a safety net IMO, I think closing will be early Q1
You have it backwards - most will likely opt for a cashout before the merger. In which case there will be around only 7-8m shares outstanding.
Yes - anyone who holds shares on the uplist date will get converted IMO
It's based on fully diluted as of now, that won't change through the uplist. Also depends on how many MEOA shareholders elect to redeem, in which case we will hold more of MEOA but cash will be less. It's all spelled out in the S-4.
Depends on how long the SEC takes to sign off on the S-4
PUMA has been boxing for months
Not to mention that MAXM has a stake in the listing and they need the uplist to succeed and PPS to stay up after the combination.
Are you familiar with PQEFF? They got a tender offer a while back for all equity that was like 5X current PPS. The market makers held it down for weeks after that well below tender price until it finally exploded upward.
It's in the S-4 that was just filed and also in the Merger Agreement. You just have to do the math.
As far as I understand, the only variable is the MEOA stock price. Right now it's steadily over $10 at $10.30.
Exactly. Hasn't made sense for quite some time - but the speculation is that it has been held down and manipulated for quite some time.
The market is taking advantage of the delay in the uplist - or assuming there is a possibility that the deal won't close. We are pretty sure the deal will close and be valued well above current PPS, so the action here remains puzzling.
Having said that, the market cap is $15M and trading below HALF of annual revenue, so overall, even more puzzling since there is no dilution.
In reading the S-4, I believe the conversion rate is .028.
6.8M shares of MEOA go to DTGI shareholders - 6.8M /244M fully diluted DTGI = .028.
So you take the number of shares of DTGI you have, multiply by .028, and multiply that number by MEOA share price which is $10.3.
As of right now, that is a 2.5x premium to current trading price. Am I missing something?
PUMA has sold probably around 500K or more the last couple weeks. It's not notes we know that for a fact. Has to be shorting.
PUMA - get the F out of the way
Let's see if anyone noticed that S-4 was filed, volume today?
I would have to say the delay this time was on the part of MEOA and their accountants, not DTGI for once haha
S-4 filed, it's a formality at this point. As soon as the SEC approves the uplist will happen pretty quick.
S-4 has been filed - let the countdown begin.
https://www.sec.gov/ix?doc=/Archives/edgar/data/0001859310/000121390022076458/ea168526-s4_minorityequ.htm
PUMA straight up just does not move no matter how many times he gets hit. I reported to FINRA but doubt they do anything
Lots of OTC stocks are going up now. This one for whatever reason can't seem to go up and there's a tiny float and no dilution, and an uplist, and $32M in revenue. Make it make sense.
Does anyone understand the trading here? We're 300K now around .115 and this thing is stuck in the mud, they won't let it above .12. Pretty sure there is no dilution going on.
Looks like they're going to keep methodically walking this down until uplist. Whatever, been putting up with the BS for years now, can wait a little bit longer.
Are these crooks ever going to let it above .12? This is insanity