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Thursday, December 01, 2022 12:28:56 PM
Mercer is misleading............ he has no assets no cash no nothing to be able to purchase
the likes of $TMNA. All the cash was always on $TMNAs balance sheet.
They just made a mutal agreement to join forces so that $TMNA could easily uplist to
Nasdaq and so that $MICT which pales in comparison revenue and marketcap wise
can continue to be listed on Nasdaq without being delisted.
This is what Dozy calls it as well........... A Merger, straight from Todays Press Release as well. They are combining efforts....... no one is buying or acquiring anyone here.
There is a Critical difference.
Dozy Mmobuosi, Founder of Tingo Mobile, commented: “We are delighted to complete our merger with MICT, fulfilling our longstanding ambitions of achieving a Nasdaq listing for Tingo Mobile.
“Today’s merger is enabling us to accelerate upon our ambitious global expansion strategy, which in turn is already beginning to dollarize our business, a trend that is expected to continue and grow throughout 2023 and beyond. With sizeable new opportunities in both Africa and Southeast Asia already well advanced, being part of the MICT group strengthens the infrastructure and framework to support such rapid global expansion.
“The mutual benefits brought to each party by this transaction are already making material differences to the enlarged group. I remain very excited about the abundance of opportunities we have for Tingo Mobile and MICT, both in our immediate and long-term future.”
MICT shareholders will get NO Preferrred A&B shares........ Only current $TMNA shareholders will.
He is misleading $MICT shareholders to believe they have an edge here.
The only edge $MICT has is that its shares will continue to be listed on Nasdaq.
Also.......... did you get some $NBLD shares this morning ?
Hope you did........... major badass RUNNER, just hit $0.80
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