ProText Mobility Inc (TXTM)

[janum]

Any responsible govt would make sure that the company requesting for MJ license is stable and financially sound .If SA Govt has asked TXTM to invest 500K USD upfront is not surprising . This could be one of the way to check the TXTM's pocket .The best thing for TXTM is to show funds to the Govt that they are ready to spend that much on infrastructure.I think TXTM does not have that much funds and it will take time to generate 500 K USD .
Which is a negative for TXTM.

Other thing which comes to my mind is that TXTM has sensed that license is a distant possibility now and they have moved into different direction like JV with US company.

Dont forget TXTM is broke and they dont have cash at all. Atleast their filings shows that.

Last I never wanted to beleive STOP9 but he could be right in his understanding of the company.