TPT Global Tech Inc (TPTW)

[peafunke]

They aren’t getting any revenue until this thing starts.

If you recall they have a $5 million ATM / bridge offering going on right now until end of December.


https://finance.yahoo.com/news/tpt-global-tech-signed-common-164500454.html

https://sec.report/Document/0001654954-21-007431/

“Consists of up to 75,000,000 shares of common stock to be sold to White Lion Capital, LLC under the Purchase Agreement dated May 28, 2021.”

“TPT GLOBAL TECH, INC. 75,000,000 shares of common stock of selling shareholder This prospectus relates to the resale of 75,000,000 shares of our common stock, par value $0.001 per share, (the “Common Shares”), shares issuable to White Lion Capital, LLC (defined below). This prospectus relates to the resale of up to 75,000,000 shares of the Common Shares, issuable to White Lion Capital, LLC (“White Lion”), a selling stockholder pursuant to a “Purchase Notice right” under a Common Stock Purchase Agreement (the “Purchase Agreement”), dated May 28, 2021, that we entered into with White Lion. The Purchase Agreement permits us to issue Purchase Notices to White Lion for up to five million dollars ($5,000,000) in shares of our common stock over a period of up to seven (7) months (up to December 31, 2021) or until $5,000,000 of such shares have been subject of a Purchase Notice. The selling stockholder may sell all or a portion of the shares being offered pursuant to this prospectus at fixed prices, at prevailing market prices at the time of sale, at varying prices or at negotiated prices. White Lion Capital, LLC is an underwriter within the meaning of the Securities Act of 1933, and any broker-dealers or agents that are involved in selling the shares may be deemed to be “underwriters” within the meaning of the Securities Act of 1933 in connection with such sales. In such event, any commissions received by such broker-dealers or agents, and any profit on the resale of the shares purchased by them, may be deemed to be underwriting commissions or discounts under the Securities Act of 1933. Our common stock is quoted by the OTC Markets Group OTCQB tier under the symbol “TPTW”. On June 21, 2021, the closing price of our common stock was $0.0169 per share. We will not receive any proceeds from the sale of shares of our common stock by the selling stockholder. However, we will receive proceeds from the sale of shares of our common stock pursuant to our exercise of the Purchase Notice right offered by White Lion Capital, LLC. We will pay for expenses of this offering, except that the selling stockholder will pay any broker discounts or commissions or equivalent expenses and expenses of its legal counsel applicable to the sale of its shares. Prior to this offering, there has been a limited market for our securities. While our common stock is on the OTC Markets, there has been limited and fluctuating trading volume. There is no guarantee that an active trading market will remain or develop in our securities. “


Companies don’t like to be butt up against their AS. It gives them breathing room. So what a little dilution. Once we get rolling there will be a RS per ST3 but again at that time as long as we are rocking and rolling I’m ok with it. Have to get there first and this is a means of giving some breathing room for new hires, deals whatever. I’m not an expert but this isn’t that bad (increasing the AS by only 250 mil). IMO