Replies to post #159329 on TPT Global Tech Inc (TPTW)

[MightyX]

This means TPT had proven assets to back contract no matter which option the shareholders chose. They also had an option to extend final payment. This extension does not provide termination option. The only way TPT will not have acquired TekMovil is if there was a breach of contract with severe penalties. Show me where the breach of contract is Pea.

[peafunke]

Which has NOT been fulfilled. You literally just said there are terms. The terms of a contract are not fulfilled. The SPA outlines this
“The Closing of the transactions contemplated by the SPA (the “Closing”) shall occur no later than the second business day after the fulfillment or waiver of all conditions which primarily relate to consideration given and to standard representations of compliance, consents, and completion of Tekmovil’s audit of the Tekmovil SPA (no later than March 31, 2024). The transaction is subject to the delivery of PCAOB and GAAP compliant audits through the required two years ended prior to date of closure by Tekmovil.

Following the completion of the audit which is also a condition precedent to Closing, then as soon as practicable following the Closing, the parties agree that Tekmovil will be merged with and into an agreed Shell Company which company is defined in the Tekmovil SPA as the Surviving Corporation.

TPT does not have committed financing for the transaction at this time and is seeking equity and debt through its existing Reg A capital raise, debt financing or a proposed public offering.”