Replies to post #42237 on TPT Global Tech Inc (TPTW)

[Steve1978]

Looking at Aire fitness they seemed to have their act together with a quality production product. They were on the GSA schedule, had their cage codes huge manufacturing facility, and partnerships with one of the largest gyms YMCA. So I dont think they were desperate or forced to take any deal that TPTW had. I think their was just something they saw and wanted to be part of. I also think TPTW most likely talked to many companies in this area, unlikely they only talked to Aire Fitness.

Either way, Aire Fitness seems solid to me and I am glad they are part of TPTW now.

[elkonig]

Case in point of these takeovers by TPTW of suspect entities is that of SpeedConnect in May of 2019.

TPTW current assets(pre SpeedConnect) as at March 31,2019 =$583,982.00.
TPTW liabilities(pre SpeedConnect) as at March 31,2019 =$19,700,000.00.

TPTW current assets(post SpeedConnect at June 30,2019= $572,707.00
TPTW liabilities(post SpeedConnect) at June 30,2019=$30,300,000.00.

END RESULT: ]Post SpeedConnect the current assets somehow dropped by $11,000.00 but the liabilities increased by a whopping $10,600,000.00.