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Let’s not forget as well one of the directors buying £180,000 over 9p after the merger update
Expecting some big news shortly
Https://www.nasdaq.com/market-activity/stocks/tete/sec-filings
Looks like a lot of SG 13 filings were made mid week for TETE. SG 13 are a 5% tr1 type equivalent
“What Is Schedule 13G? The Securities and Exchange Commission (SEC) Schedule 13G form is an alternative filing for the Schedule 13D form and is used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.”
Champion Smkr
Could get interesting next wee as FOMO starts to build
Remember this hit 14p when the merger got announced
The cash in the biz atm is probably around £3m
If merger goes ahead they’re due around £10/£11m (deal is priced in dollars)..
That alone at puts it at cash 13/14p .. discounting a current profitable business and “potentially” a huge growing business as 40% of payment fees within the Superapp.
We just need the merger to make a move
Oh yeah. I forgot to add, if Superapps hits revenue targets MBO will also get $4m of shares in the new Nasdaq co.
Potentially huge
Id imagine those revenue targets won’t be hard to hit due to inflation
That $4m is in a big, liquid company too. I’m effect it’s like cash
Huge
It could be a big inflection point for this co. It’s been on aim for years, never raised cash for a long long time. Makes money, hasn’t grown so nobody finds it sexy.
Having 40% of payment processing in a big SuperApp for Asia, including Islamic banking / payments/ shopping and more.. Could be just the growth story to set up some renewed long term interest here.
Remind yourself of the immediate terms for 60% of 1shop ahead of the speculation
“ (7)
Assumes 400,000 Contingent Shares to MobilityOne. Following the consummation of the share sale pursuant to the SSA, MobilityOne will receive cash payments of $8.8 million and $4.4 million from Super Apps within 14 days and 180 days, respectively, of completion of the Business Combination. As further consideration of MobilityOne’s undertakings and guarantee of achieving the Revenue Target, Super Apps shall cause TETE to issue part of the Contingent Shares to MobilityOne Limited (which is the parent of MobilityOne) with aggregate value of $4.4 million upon OneShop Retail achieving the Revenue Target. The Contingent Shares will be issued at a price of $10.00 per share. In the event that the Business Combination is consummated, but the Revenue Target is not achieved, the Share Sale will continue, but MobilityOne will not be entitled to the Contingent Shares.”
https://www.sec.gov/Archives/edgar/data/1986694/000149315224002939/formf-4a.htm
Some great hires going on
Linked to the JV if you do a bit of digging
Potential is nuts, I was totting up what you could get for £6-7 mil market cap. I mean the existing (low margin ) business for starters has £200-300 million turnover, wonder what that would fetch in a sale, they have bought a 49% interest in "sincere acres", numerous partnerships, the Tete deal cash payments if/when it goes through, market these days is crazy, people only want to play when they announce the deal but if they do you watch them pile in at 20p+
And the rest davey50 m8! People will pay 50p + as they did 2 years ago.
I need 7.5p to profit (0.85p above today's quote)....not that I'm selling.....long term this is a winner...so holding tight!
Wonder when your sparring partner/enemy will appear....he's not here EARLy.....lol
Just bought 50K but the MMs are delaying the trade showing.... wonder why?
Gotreal.....on the PL/Aquis platform
19-Feb-24 13:34:22 7.289 50,000 Buy* 6.00 8.00 3,645
https://www.lse.co.uk/SharePrice.html?shareprice=MBO.GB.PL&share=Mobitlityone-Limited
Exactly Dave. When this merger happens within a few month they’ll probably have around 13/14p cash per share. Discounting a big revenue generating business, the 40% newly formed co JV with Superapps, the health care and clinics payment processing biz https://hatiintl.com/ ..
and the wildcard of why the board members of MBO were meeting Malaysian PM and Minister for trade alongside Saudi conglomerate owners Nesma holdings https://www.nesma.com/en/our-companies
Those tweets last year could be attached to the Qube agreement from June.
“ On 26 June 2023, M1 Malaysia entered into a joint venture cum shareholders agreement with Syed Faisal Algadrie Bin Syed Hassan to incorporate Qube Nexus Sdn Bhd, Malaysia to explore any suitable business opportunities from the Kingdom of Saudi Arabia. Any material developments in relation to new business opportunities will be announced in due course”
Maybe I am being dim but why did that trade execute on Aquis and not AIM?? They are not showing in the list of stocks on Aquis.... and they floated on AIM.
It’s just a secondary exchange. Many Aim co’s have a price quoted on Aqse, the broker will route the trade to where there’s liquidity or best quote on offer.
Or should have said mm maybe.
Thanks for the response ..... but they are not in the list of companies on Aquis.... https://www.aquis.eu/companies
They are listed on Aim. its just another quote on another exchange. Not a listing per se
But that means the day's transactions are split between two platforms and unless you check both you get a false impression of turnover... I have never seen this before....
As it is the spread is absolutely ludicrous now.....
It’s the same with loads of AIM shares. CRCL is another one I have, they’re quoted there as CRCL.GB .. they’re aim listed.
Earl lol I cannot be bothered to find him, just looked in here since 8am and saw all the posts. You knew 6.5-8p was coming and the way a mm went 7p bid then in seconds went back to 6.5p was like them getting told off from the other mm's to get back in line we want to kill the action already so people will get bored and sell back to us just as it looks promising.
Value outs in the end, a few stocks today have appeared out of nowhere looking great value. I bought SAL at 67.9p earlier and a few hours later it was 90p bid but not selling. About time value stocks were back in favour instead of rubbish.
I remember holding over 300k sub 3.5p, and started selling on the spike at 12p, it got to 18p and I was almost all out of stock over the moon punching the air etc etc, then the fecker a few hours later went to 55p bid on that crazy day this did 1000%. I did sell 5000 for 40p having paid 3.25p for them but the profits I could have had but how do you predict a stock doing 1000% in a day but those were crazy times in 2020-2021
I remember the same with GKP and IEC and RIFT.....could have been a multimillionairrrrrre....instead settled for £20k or so each time....in case it dropped! lol