https://www.tingogroup.com/news-events/press-releases/detail/152/tingo-group-opens-new-headquarters-for-africa-to-facilitate

soon I will get back multiplied by 4 the number of TIOs shares I sold to buy TMNA, not bad deal :D

http://stocktwits.com/Bilvo/message/547076449

The nasdaq approval May not be required if dozy has less thsn 50%, as tmna is not going to exist the change of control would be directly requested for dozy... if he is going to have more than 50% IMO

So according to you merger is completed, however if series B are not converted TMNA could ask for part of the Assets back...

that SOUNDDDDD as merger totally done

Let´s put common sense, a deal it is not done until the payment has not been paid, and the payment for TMNA assets has not been completed till conversion of Series B

WRONGGGGG!!!!!

Please, do a bit of Due Diligence before talking

The merger had 2 sides:

- TIO getting TMNA assets
- TMNA assets getting TIO shares in exchange, this part was divided in 3 milestones

the first one on november 2022 with around 25M of TIO shares
the second the conversion of series A for around 25M of TIO shares
and the third which is pending in the conversion of series B for around 280M shares of TIO or 667M of USD or recovering part of the assets from the merger given to TIO.

Did you think that TIO was getting all TMNA assets for 50M shares of TIO?

Do your Due Diligence instead of spreading fake info

cheers

So you find bearish the successful completion of the merger? it is funny to find negative the conversion of series B which it is a well known fact since the kick off of the merger

whatever, payment of dividend is the key now for SP to go up

https://www.myjobmag.com/jobs/sales-officer-at-tingo-mobile

photos of the developments of the construction of the factory

https://stocktwits.com/JDtheboss/message/540066393

in the scenario of not having done the conversion on time as it has happened, yes, the most logical step it is to extent the time to give room to TIO to finalise the convertion

you are welcome ??

my understanding after reading it is that TMNA is extending till 30 of september the date to take actions if Series B are not converted, so an extention of deadline for TIO to convert Series B.

I was expecting an extention, it was the most logical step if TIO business is real, IMO

https://www.tingogroup.com/sec-filings/all-sec-filings/content/0001213900-23-054766/0001213900-23-054766.pdf


"On July 5, 2023, Tingo Group, Inc. (the “Company”) entered into a forbearance agreement (the “Forbearance Agreement”) with respect to Certificate of Designation of Preferences, Rights and Limitations of Series B Preferred Stock (the “Series B Preferred Stock”) filed by the Company with the Secretary of the State of Delaware on November 30, 2022 (the “Series B Certificate of Designations”). The Series B Certificate of Designation provides that, in the event that the Company does not receive by June 30, 2023 the Stockholder Approval (as defined in the Series B Certificate of Designations), then the holder (the “Holder”) of the Company’s Series B Preferred Stock, at its sole option, may reduce the Stated Value (as defined in the Series B Certificate of Designations) per share of Series B Preferred Stock in exchange for membership interests of Tingo Group Holdings, LLC (“Tingo LLC”), up to a maximum of 33% of the outstanding membership interests of Tingo LLC (the “Redemption”). The Forbearance Agreement provides that during the Forbearance Period, which is from the date of the Forbearance Agreement until September 30, 2023, and in consideration of a cash payment of $1,000 made by the Company to the Holder, the Holder has agreed that it will temporarily forbear from taking any action, the right to which arose from or following the occurrence of a Trigger Event (as defined in the Series B Certificate of Designations), including the Redemption. This summary of the Forbearance Agreement does not purport to be complete and is subject to, and qualified in its entirety by, the full text of the Forbearance Agreement, which will be filed as an exhibit to the Company’s next Quarterly Report on Form 10-Q."

+50%!!!!

ok, if you meant the 2Q results, yes, it will be not audited (unless the company surprise us)

what do you mean with "not audited"? 2022 annual accounts are audited by Deolitte Israel. You may like more or less Deloitte Israel, but the numbers are audited.

cheers

Tingo Foods construction of the factory, with authorites

Videos and photos of Factory constuction kick off

https://www.linkedin.com/posts/activity-7075404408984850433-8wq0?utm_source=share&utm_medium=member_desktop

approved for series A conversion, now it is pending to approve series B conversion

0 impact of TMNA price so far, but today we have twice the number of shares of TIO than 1 week ago after series A conversion

I guess that we will have to give TIO an extention on the 30 of june deadline to convert series b, as after all the noise of these week seem dificult to get on time the nasdaq approval for change of control

IMO good news that all points are approved and it is left just the conversión of series b to complete the merger. Hinde.. report was released the day before the voting, if darrem and other mict executives/ shareholders would have voted not to the conversión of serie A after reading the short report and thus considering that the agri fintech business was a fraud that would had been the end

The company must make something now

https://hindenburgresearch.com/tingo/

next week shareholders meeting and series A conversion

I hope in the meeting is cleared the series B conversion date

1 week for shareholders meeting and 1 month to get series B converted in shares

Now with the drop of TIO and the options there is a good opportunity to maximise TIO future profitability buying calls if TIO drops more or buying TMNA if TIO recoveres 4s or higher

https://stocktwits.com/Bilvo/message/529662837

I really don´t care too much about shorts, my focus regarding TIO is on fundamentals of TIO and the fundamentals are great and Taglich conservative projections are more than great with a PE of 0.8x for 2024 4.00$ earnings per share.

I am really glad I sold my TIO shares at 5$ to get into TMNA and I avoid this huge drop of TIO of these last 3 days, but I am not corcened about TIO share price as if the business keeps performing as expected the Share price will rise a lot


My most important focus and concern right now is to get the approval of nasdaq for change of controls and TIO to set a shareholders meeting to approve Series B converted in TIO shares, which I guess will be set once the shareholders meeting of 7 on June takes place and approves series A & increase of permitted shares to 750M. Series B will be 337M shares out of the 388M shares that TMNA is expected to hold with merger fully and succesfully done, so 88% of the total TIO shares of TMNA are in the series B convertible notes so that is for me way more important than shorts in TIO or TIO share price right now

it is a possibility, and in that scenario it may be interested to keep been invested at TMNA, and in case I don´t like what TMNA management propuse, if TMNA share price has been increased due to TIO shares, the discount of 4x that I got is reduced and there is an acceptable liquidity I can always sell and buy back TIOs shares.

https://www.reddit.com/r/pennystocks/comments/13kyd9y/tingo_tio_up_60_last_2_days_appears_to_be_short/?sort=new

yeah, as soon we have clearity when series B is going to be converted there should be a nice increase in price.

The best scenario TMNA gets the 390M TIO shares is to get a special dividend of all TIO shares and eliminate TMNA, but if they do not distribute it is not the end of the world, price should be the value of TIO shares minus a discount for OTC iliquidity

25K shares more at 0.372

I wish on 7th of june to all points to get approved at shareholders meeting and Mercer to confirm that series B will be converted before the deadline, with this the shares of TMNA should fly!

https://stocktwits.com/Bilvo/message/529334216

His guys/ladies, I put the link of a thread with so far 47 answers in stocktwits regarding TMNA and the opportunity here

https://stocktwits.com/Bilvo/message/529232826

if you mean that there is a shareholders meeting on 7 of june, yes, but it is just for serie A and to increase the limit number of shares up to 750M shares (this is required in case of series B).

We need another extra shareholders meeting to convert series B

Hi! great thread about TMNA

Today I bought TMNA shares and when series A and B are converted in shares I expect TMNA share price to rocket.

series A will be converted in the shareholders meeting of 7 June, the question is when is going to be converted the series B, which is almost all shares that TMNA will own, 337M shares out 390M shares to be owned by TMNA.

we need the Nasdaq approval and Shareholders approval for serie B and to get it earlier than 30 of June, have you talked about this?

it would make sense that serie A must be converted prior to ask Nasdaq for approval for series B, however I dont understand why TIO has waited till june to convert series A, now everything must be done quickly in June to end series B conversion in time