Tingo Inc (TMNA)

[zerohedge]

In the M&A agreement with MICT its MICT that made a loan to Ting because they didn’t have the funds to pay their own legal fees. Difficult to account for these facts. They’re facts. Everyone is pushing the ESG button 1,000X daily with the false hope that they’d get picked up by some ESG fund and the shares would hit $50. Not happening. They convert their shady TMNA preferred shares into TIO common shares and the fraud is complete on all ends. If they really had 10 million farmers using the APP for payments, you’d be able to see a live back end showing this action in real time, and you wouldn’t have a Chinese wall of “prepayments” that somehow “guarantee” that these farmers were customers at all. Spent a decade on Chinese deals and this is just another one of those. #downinflames