snow I could not find any information about the point at issue in the filed third-quarter report fraom MICT. But I found this in the presentation of the report: "Transaction expenses and other cash outflows of $2.4 million were incurred in relation to the acquisition of Tingo Mobile Limited during the third quarter." Since MICT as far as I understand what happened formally aquired Tingo Inc it seems reasonable that MICT and not Tingo Inc paid for the expenses in connection with the aquisition. It was stated that MICT had available cash of about 60 million dollars at the end of the quarter. This was down significantly from the preceding quarter. Since Tingo Inc was hugely profitable whereas MICT was running at a loss it is hardly strange if Tingo Inc extended a loan of 23 million dollars to MICT to be paid back in about 18 months to finance expected future losses for a limited period of time.
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