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Tingo Group Inc (TIOG)

OTC Markets
Currency in USD
Disclaimer
0.002
0.000(-4.76%)
Closed
After Hours
0.0020.000(-20.00%)

TIOG Price Commentary

Well. The shares have been suspended by the SEC. I hate to brag but I knew this was a sc4m company before the article on Benzinga announcing a class action and inviting participants. Mid May to be precise. 3 days after the shares relisted after their previous enforced suspension.
The new Co-CEO (whoever heard of a co-CEO?) of Tingo Group Inc according to their latest Earnings Call is Kenneth Denos, ex of Fuelstream Inc (NYSE OTC:FLST), a spookily similar public company that folded in 2015. If you search for Fuelstream Inc on the SEC website and look at their regulatory filings, they have a remarkable shape and content as Tingo Group's SEC filings: late posting of forms 10k and 8k, frequent changes of Board members, renaming of associated companies, asset /debt restructuring on a frightening scale and frequency and naive overreach in the business' ambition.
Tingo Group is supposedly an agri-Fintech titan in Africa (now pretending to be expanding to Pakistan). Strangely, though, the Nigerian Ministry of Agriculture website contains not a single reference to the company (https://fmard.gov.ng)
Looks like the whole house of cards is collapsing - and about time too. The wool couldn't be pulled over our eyes any longer, so the process of unwinding this murky conglomerate of shell companies, starts-ups and soundy-likey entities begins with the inevitable and impenetrable shuffling around of ownership and liabilities. I sincerely hope the Nevada state legislature applies itself thoroughly to bring the perpetrators of this mega-sc#m to justice.
I'm fully behind Hindeburg in every one of their accusations against TG. check out the Companies House entry for Tingo Mobile (UK) Ltd. it's laughable.
https://hindenburgresearch.com/
A brilliant dismantling by Hindenburg of Tingo's web of deceipt: https://hindenburgresearch.com/tingo/
Another 3.75% down. I deserve a medal.
Down 4% today. I like to think my previous comments may have contributed to this.
In June 23, Tingo Mobile (and by extension the Group) got its corporate credit rating suspended by the central Nigerian ratings agency DataPro Ltd, for not being able to prove its revenue.
With Tingo Group ($TIO), unblock the technological future! Users can easily navigate the digital world with the help of their smartphones and other "device as a service" devices. This stock is currently offering at a fair price on the NASDAQ.
Hmm. How do I put this politely? Oh hang on - no need because this comment clearly came from a Tingo bot! Well, Tingo knows where it can shove its bot.
www.benzinga.com/pressreleases/23/06/g33000127/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-tingo-group-inc
Beware this company. Bezinga.com published an article on 25 June about a class action lawsuit being brought against Tingo Inc/Group for defrauding investors. Look it up.
Check out the form 8K SEC filling dated 27 April 2023 for Tingo Inc. It contain ls the Board's Chairman's resignation letter, hence the late filing of the Annual accounts by form 10K. The reason for the resignation speaks volumes.
With such a remarkable, nay, miraculous turnabout in this stock's price since being relisted at around a Dollar at the start of April, you'd think there'd be more attention given to this company. If I am the first and one to post a comment, who is buying this mysterious stock?
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