$TMNA: Advantages for $TMNA because of Preferred A&B shares
And also the commons.
So basically the primary reasons for the Reverse Merger was for MICT to continue to retain a Nasdaq listing.
They were heading towards prettty much Shell Status.
$TMNA presents them with an opportunity to salvage whatever they can with their current Nasdaq Listing.
Benefit for Tingo is that Majority Insider owners retain owernship and cred of their shares while at the same time have an easier path to Nasdaq without the hasself of going thru a SPAC route, which has gone out of favor, or going straight IPO to market which also hasn't fared well for most companies this year.
Similar situation happened with MICS earlier this year and Singing Machine, and when the Shares of Singing Machine were uplisted from OTC to Nasdaq, they shot up from $2sh at open of May 20th, 2022 to $10sh on August 15, 2022
Expect the same thing to happen when TMNA goes live on Nasdaq early this December.
FTX investors who thought they were geniuses, wouldve been better off here in $TMNA.......... now they are getting fleeced ROYALLY, amiright Brady :)