Tingo Inc (TMNA)

[snow]

Perfectson "So if the dividend of shares is to happen, the cutoff date should have seemingly already have happened - that's the part I'm confused about. I.e. if you buy now, you won't get any dividend of TIO.

Would like someone to opine on that part."
y
I don't understand what you are referring to when you mention dividend of shares. Two companies have merged and formed a new company. One of them is to own 75% of the new company - Tingo Group - and the other company is to own 25%. There is to be a reverse split in both stocks but by very different percentages.

I have seen no reference to a cutoff date in any filing. This implies the way I see it that if TMNA is to transfer any of its current and future shares in TIO to the shareholders of TMNA that date belongs to some now unknown future date. I assume it is nonsense to suggest that if yoy buy shates in TMNA now you will not get any shares in TIO. Either no shareholders in TMNA will get no such shares or all who buy until a cutoff date has been filed will get shares in TIO in my view.