Replies to post #2961 on Tingo Inc (TMNA)

[stocksbelow1]

Continuation of the short attack. Nothing burger. Am hoping Dozy’s attorneys are as good as they seem!!! They need to be, because this is a coordinated short attack!

[makinezmoney]

$TMNA: Get rid of $TIO and $TMNA owns everything

Mercer didn't do anything for anyone here but himself.... he wasn't even able to maintain a
Nasdaq listing which is what Tingo wanted.
He sucked at running $MICT..... he sucks at managing $TIO.
He basically just sucks at everything.


Getting rid of Mercer once and for all is the best situation going forward.
Mercer is only good for making foie gras at The Bells of Peover

Summer BBQ is coming for that bloody wanker................

https://www.instagram.com/thebellsofpeover/?hl=en

Termination of the Merger Agreement (page 87)



The Merger Agreement may be terminated under certain customary and limited circumstances at any time prior to the Closing, including: (i) by mutual written consent of MICT and Tingo; (ii) by either MICT or Tingo if a governmental authority of competent jurisdiction has issued an order or taken any other action permanently restraining, enjoining or otherwise prohibiting the Merger, and such order or other action has become final and non-appealable; (iii) by either MICT or Tingo in the event of the other party’s uncured breach, if such breach would result in the failure of a closing condition and is incapable of being cured or is not cured within 30 days after notice of such breach; (iv) by MICT if there has been a material adverse effect on Tingo and its subsidiaries taken as a whole following the date of the Merger Agreement that remains uncured and continuing; (v) by either MICT or Tingo if the shareholders of MICT or Tingo, respectively, do not provide necessary stockholder approval at a the special shareholder meeting held by MICT and Tingo, respectively; and (vi) by MICT, if within forty-five (45) days after execution of the Merger Agreement, Tingo has not duly filed certain SEC reports as further delineated in the Merger Agreement.



If the Merger Agreement is terminated, all further obligations of the parties under the Merger Agreement (except for certain obligations related to publicity, confidentiality, fees and expenses, no recourse, termination and general provisions) will terminate, and no party to the Merger Agreement will have any further liability to any other party thereto except for liability for fraud or for willful breach of the Merger Agreement prior to termination. The Merger Agreement provides that MICT must pay Tingo a termination fee equal to $5,000,000 in the event that either party chooses to terminate the Merger upon MICT accepting a Superior Offer as defined in the Merger Agreement after consultation with its legal and financial advisors and in the event of certain specified circumstances, such as by way of the board of MICT withdrawing its approval of the Merger Agreement or otherwise changing its recommendation that MICT’s shareholders vote in favor of consummating the Merger.

GO $TMNA