Touchpoint Group Holdings Inc (TGHI)

[Werbe]

Race is no longer an asset of TGHI, it was labeled as a discontinued operation and wrote off. B2P, Mast Hill has connections. They own every move of this ticker imo. They have warrants going out for years also. I am sure there are behind the scene activities AKA shorting and them also selling air race etc, getting monies from that but what they have on paper, the debt and money loaned, is worth 2m +. Need to give TGHI some new shoes to walk on imo. Rewrite debt owed etc unless they plan to create something here by themselves but that failed already. Acquire a business with revenues and start anew.

TGHI acquired certain rights to the World Championship Air Race (“WCAR”) on September 20, 2021, through an asset purchase agreement for approximately $70,000. Management and all key operational staff for the WCAR joined Touchpoint’s wholly owned subsidiary, Air Race Limited (“ARL”), under long-term agreements. In addition, all key supplier, participating host city and participating team contracts were assumed by ARL. Due to current global financial and logistical conditions, we have made the difficult decision to cease all activity in Air Race Limited and designate it as a discontinued operation. As of September 30, 2022, liabilities associated with discontinued operations comprised of a $750,000 deposit for Air Races. Net loss from discontinued operations for the three and nine months ended September 30, 2022 comprised write offs of prepaid expenses, property and equipment, and intangible assets of approximately $970,000, $550,000, and $80,000, respectively, associated with WCAR.