Tingo Inc (TMNA)

[Perfectson]

i read it as they did not intend on being an investment company. That would assume that TMNA would hold at least 50% of the shares (50 and below and effectively they are an investment company with TIO being put on the balance sheet as an investment via equity method or cost method).

in the current order, TMNA is owed 75% of the revenue and profits. While they can certainly sell those TIO shares, it doesn't make sense (vs raising capital in TMNA).

You are correct that there are lots of things that can happen differently, so not debating that point. Just the intention in the 10Q seems fairly clear regarding the consolidation and not wanting to be an investment firm and wanting to be involved in the operations. To me that sounds like they intend on holding the 75% share but hey I could be wrong because I would assume the price would move if that was the case and there's 10% of me that believes the price is accounting for a large dividend out of TMNA.