TPT Global Tech Inc (TPTW)

[sloppyjones]

If you haven't read it, I would recommend it as well. If what I just read it accurate, than I think we are probably in good shape just based on the series A preferred shares... You know, the ones that the SEC gave a fair market value of. Which by the way, ST3 still holds every one of them.

TPT Global Tech Receives $38 Million Qualification by SEC
Press Release | 03/21/2022
SAN DIEGO, CA / ACCESSWIRE / March 21, 2022 / The United States Securities and Exchange Commission has qualified the Reg. A+ - Tier 2 offering of TPT Global Tech, Inc. ("TPTW" or the "Company") (OTCQB:TPTW) on March 16, 2022, at 10 a.m.

fair valued the amended Series A Preferred Stock at $42,983,742, creating a deemed dividend of $39,866,742. The valuation of the amended Series A Preferred Stock was done by a qualified independent third party.

The history of those shares - The Company designated 1,000,000 shares of Preferred Stock as Series A Preferred Stock. In February 2015, the Board of Directors authorized the issuance of 1,000,000 shares of Series A Preferred Stock to Stephen Thomas, Chairman, CEO and President of the Company, valued at $3,117,000 for compensation expense. These shares are outstanding as of September 30, 2022.

So in 2015 those 1milly Reg A shares were valued at $3,117,000 now the SEC agrees they are valued at $42,983,742.


WOW!!!!!! If I am understanding this correctly.