stocks You convey the impression that these two tickers NOW represent two different companies. That is a 100% wrong idea. Until November last year TMNA was a totally different company from the US NASDAQ company. Now they are exactly the same company. It is my impression that the new company is going to have about 520 million shares and that those who buy shares in TMNA will have about one new share for every three shares they own now. Those who now own shares in TIO will have two new shares for every three shares they own now. These are not exact humbers at all.
I know that the NASDAQ company has been generating quite big losses. Without the African business I would not have considered buying any shares in the company. If you read the information available about the Tingo Group you will see that there were two reasons for the merger. The African company wanted to be listed on NYSE or NASDAQ. The two companies that have merget have complementary business activities. It is assumed that the combined effects of the two old companies will lead to much higher revenues and profits than would hav been generated if both companies had continued operating on their own. I have no basis for knowing if that is a realistic notion or not. But the profits of the African business is many higher than the losses of the other company and the total result will not be much lower than that of the African business even if the losses of the other business were to persist.
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