Tingo Inc (TMNA)

[thebear37]

I agree this is exactly why tmna stock price is depressed. Market wants tmna to distribute tio shares, the company hinted at it in Nov 2022 filing and now it looks like no distribution.

It does not make sense to me. The whole reason of merging with TIO was to gain access to NASDQ. TMNA was unable to obtain a NYSE listing nor NASDQ Listing on their own or in a acceptable time frame so they merged with Tio (Mict).

However their whole intention of merging was to get the shares onto a major exchange so the thought of doing that then pulling 75% of the company shares back into a OTC stock makes no sense to me. This essentially defeats the purpose of the merger.

It is this confusion that has the stock price where it is.

All speculation on my part. Wish I knew more.