Friday, February 19, 2021 12:21:52 PM
Shorts are screwed-up here. Over 421.45 million Shorted volume is outstanding. Huge shorts squeeze is imminent. Shorts are gonna be roasted and burnt.
https://marketwirenews.com/stock/tlss/short/
KNOW WHAT YOU OWN
TLSS Acquires the Operations of Double D Trucking and Extends Cougar Express Closing Date
JUPITER, FL / ACCESSWIRE / January 20, 2021 / Transportation and Logistics Systems, Inc. (OTC PINK:TLSS), ("TLSS", or the "Company"), an eCommerce fulfillment service provider, today announced that on January 15, 2021, the Company, through a newly-formed, wholly-owned, subsidiary, Shyp FX, Inc., simultaneously executed an asset purchase agreement ("APA") and closed a transaction to acquire substantially all of the assets and certain liabilities of Double D Trucking, Inc., a northern New Jersey-based logistics provider specializing in servicing Federal Express ("FedEx") over the past 25 years ("DDTI"). DDTI's annual revenues in 2020 exceeded $1 million. The purchase price is $100,000 of cash and a promissory note of $400,000. In addition, on January 15, 2021, its wholly-owned subsidiary, TLSS Acquisition, Inc., entered into an amendment to the Asset Purchase Agreement originally executed on November 6, 2020, to extend the closing date of the acquisition of substantially all of the assets of Cougar Express, Inc. ("Cougar Express"), which was previously announced in December 2020, from January 15, 2021 until no later than February 16, 2021. Such extension is to provide the Company additional time to procure the financing necessary to complete the transaction.
According to TLSS CEO John Mercadante, "While we work to complete the acquisition of Cougar Express, this acquisition of DDTI will make us an approved contracted service provider of FedEx which, we believe, fits in well with our current geographic coverage area and can hopefully lead to additional expansion opportunities within the FedEx network."
"While the Company continues to successfully execute on its restructuring plan, this latest development, along with the proposed acquisition of Cougar Express demonstrates that the Company is beginning to aggressively resume its growth strategy," added Mercadante.
https://ca.finance.yahoo.com/news/tlss-provides-acquisition-130000022.html
A $TLSS Theory: Some big picture thinking that paves a strategic argument for Coach 2.0
Hoping that a few of you take the time to read this and get your mind off of the charts. Please pass it along if it strikes the right chord in your mind.
BUT let's look at the big picture here - Here's the kind of clarity I think John has in this.
$TLSS is miles from the innovative technologies driving $TSLA to +$30b in annual revenue, but thanks to the right macroeconomic conditions, John and $TLSS could be up to something that Elon would deem as visionary.
Here's how it goes:
The big-rig trucking that is the very image of logistics will be a thing of history when EV and autonomy take over. The reality is that transition is 4-8 years away, while the speed and volume of commerce continue to grow exponentially.
$TLSS and the last of the logistics companies are looking at the biggest demand they've seen between now and when old school logistics start to fade. That time is not now.
The companies that produce and sell the largest amount of goods on earth are going to be held accountable for figuring out the most democratic and environmentally conscious way to do it.
$TLSS is standing in front of the market with rapidly growing demand, as an industry has an expiration date and we set the stage for the opportunity and the visionary.
It's the ideal recipe for industry consolidation - think big-cable buying every local station in the world until we got Netflix.
A colossal mountain of demand waiting for someone to seize the day. The reward is the opportunity to make a s***load of money and go out a king.
Enter John. Who else would really want to take this opportunity head-on but an industry veteran capable of one last crazy M&A rodeo?
Who knows what the long-term (5y) outlook for $TLSS will be - let's strap in and get excited about counting nickles and dimes for now.
Know that with acquisitions and an IPO, the writing is certainly on the wall for a much bigger story.
https://www.reddit.com/r/tlss/comments/kwhl2i/a_tlss_theory_some_big_picture_thinking_that/?utm_source=share&utm_medium=web2x&context=3
Recent TLSS News
- Form 8-K - Current report • Edgar (US Regulatory) • 08/16/2024 01:00:10 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 08/15/2024 01:15:24 PM
- Form NT 10-Q - Notification of inability to timely file Form 10-Q or 10-QSB • Edgar (US Regulatory) • 05/16/2024 08:05:15 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/06/2024 09:00:36 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/21/2024 02:00:14 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 01/03/2024 02:00:23 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 12/08/2023 09:01:37 PM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 11/14/2023 09:16:18 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/03/2023 01:00:22 PM
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