TPT Global Tech Inc (TPTW)

[MightyX]

(Revised)Hola amigos! My research on TPT..

I see a lot of skepticism about the recent two major deals - JV with UM Power in India and the 3.5B Ghana SWA subcontract. Some folks don't believe it despite the 8-Ks.

Well I got into TPT and took up a small position after doing a bunch of DD/verifying. Here are my reasons, let me know if I missed something important...
1. OTCQB - financials audited by PCOAB registered auditor, they got 11m revenue with gross profit and have 22m current valuation.
2. Low O/S (1b) and A/S (1.25b) and they don't have history of serial dilution + R/S horror like many OTC tickers. They recently increased A/S but that was already mentioned in the last 10-Q. It was done so CEO's series A stocks could be converted. They have been upfront about it and not pulling surprises. Also the CEO has not dumped shares like other OTC ticker scumbag CEOs.
3. ST3 called off a deal with RNVA cuz they were diluting like crazy. As Frank recently reported, he didn't want to pay corrupt politician in Iraq to get the deal. Does this sound like a guy who wants to scam you? If he really wanted to, he'd have done it long ago via dilution. Bottomline, imho CEO is trustworthy and that matters a lot.

Now about the deals:
1. JV with UM Group India. This is one of the several projects that "Uttar Pradesh govt" (one of the richest states in India) has started. From what I read, the chief minister (like governor here) Yogi is a go-getter person who does not dik around. Lot of progress since he became governor. See: https://www.thehansindia.com/news/national/uttar-pradesh-to-develop-industrial-parks-on-ppp-model-698907
Out of these, the Auraiya town one is JV with UM which pulls USD 250M in revenue per year. Sounds like they can finance this project and reap the benefits. It is TBD what revenue and earnings this will bring TPT but it certainly wont be chump change.
2. Pie-in-the-sky 3.5b deal with Ghana. So SWA has been given this USD 5B project that was funded by UN (UNOPS) in back in 2018. See: https://www.unops.org/news-and-stories/news/landmark-affordable-housing-initiative-for-ghana-launched-on-the-sidelines-of-the-un-general-assembly
Ghana's end of the deal was to acquire land which likely took them 3 years. See: https://www.modernghana.com/news/885523/ghana-secures-5-billion-to-fund-100000-houses.html
Now they are ready and they handed SWA the deal (SWA seems to have extensive experience in large construction projects - see: https://skybridgewa.com/gallery and https://www.meridianpowergroup.com/construction-and-development/ ). MPG does the same PPP (public-private-partnership infrastructure projects, the model being used in India with UM group) with SWA. And SWA has subcontracted the work to TPT. SWA must have seen something about TPT because they secured the PPP JV with UM group before this.

About updates, these are massive infrastructure projects .. they are not frying an egg where they can give you minute-by-minute updates. Just working out the contract work details alone might be quite a nightmare. Everything needs to be reviewed by legal department .. and we all know how hardworking those corporate lawyers are. However once it's all done, finalized and final contract signed .. it's KA-BOOM!

Now let's look at the pros and cons. If none of these are true and they really somehow pulling a fast one, they are still making 11m+ in revenue but the disappointment will probably send the stock back to sub 2 cents. However, when even one of these deals comes to fruition, OMG!!

So my small 2m shares position gonna stay and take the risk.

Buenos noches.