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Thursday, November 24, 2022 9:08:51 PM
When they announced INOQ a year and a half ago, there was an equation that was described that took existing shares of Tptw and distributed to a certain amount of INOQ shares. I’ll keep looking for it but at the time I had something like 8-10 mil shares and it turned out the be like 2k to 3k shares of INOQ.
They set a certain amount of shares to be dividends for those Tptw shares holders at a certain dividend (ex dividend) date.
At that time it was like 2.5 million shares to the ~928 million OS shares of Tptw. The 2.5 million was reserved and not the total amount that was created for the company.
Keep in mind the IST ceo I think is getting 2 mil shares which is 10% of the share of INOQ (thanks to mighty pointing this out a while ago)
https://www.accesswire.com/707826/TPT-Global-Tech-Subsidiary-Signs-Agreement-to-Acquire-Alabama-Based-IST-LLC-with-95M-Backlog-in-Executed-Government-Contracts-As-The-Company-Prepares-For-Its-Tuskegee-Smart-City-project
That means 20 mil total shares of inoq. Only a portion will be reserved for Tptw share holder dividends on some ex dividend date. And they will be reserved.
I don’t think it has anything to do with that INOQ is trading at now.
But long story short, the company will set aside a yet to be determined amount of INOQ or tpt strategic shares and there will be some equation that will let you know how many shares you’ll get upon the ex Divi date. You won’t be getting some crazy $ in return just for buying a portion of Tptw. Be logical here. Where would the money come from.
The dividend shares will be locked up for months if not years before anything happens. You won’t be able to sell them until the company (INOQ) spins off. It’s not what you see right now imo.
Good luck.
Recent TPTW News
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- Form POS AM - Post-Effective amendments for registration statement • Edgar (US Regulatory) • 07/17/2024 01:26:26 PM
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- Form 8-K - Current report • Edgar (US Regulatory) • 02/23/2024 10:18:40 PM
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