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Re: p_c post# 957

Wednesday, 11/09/2022 11:14:43 AM

Wednesday, November 09, 2022 11:14:43 AM

Post# of 3591
From what I can tell merger will be 3 stages for Tingo shareholders.

Once Tingo Mobile operating business is transferred to Mict subsidiary, then we all will get 19.9% of MICT shares which will make the OS of MICT about 3XX million.

Tingo shareholders will receive Preferred A and B shares that will be converted in 2023 after votes from MICT shareholders. Dozy almost guarantees the success of those votes.

By 2023 Preferred shares A and B will be converted into MICT stock equaling 75% of the OS (of 590 million now in a fully diluted manner) owned by prior Tingo shareholders once fully converted.