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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”
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
Just bought 50K but the MMs are delaying the trade showing.... wonder why?
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
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+
Some great hires going on
Linked to the JV if you do a bit of digging
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
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
Oh yeah. I forgot to add, if Superapps hits revenue targets MBO will also get $4m of shares in the new Nasdaq co.
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
Champion Smkr
Could get interesting next wee as FOMO starts to build
Remember this hit 14p when the merger got announced
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.”
Let’s not forget as well one of the directors buying £180,000 over 9p after the merger update
Expecting some big news shortly
Surely not Dave lol.. but nothing will surprise me in this market.
Good luck to those still in before the dump starts...
100k buy no move, 100k sell mm drops offer instantly. Please tell me that was not the same person. 7.05p paid and sold for 6.45p mm makes a nice easy £600 profit because of patience
100k buy on a shocking spread. Good sign. Are we about to spring into life again ?
Document filed. Terms still in it.. as per October 22. I’d expect a date for Tete voting it in soon maybe. A cracking deal for MBO
https://www.sec.gov/Archives/edgar/data/1986694/000149315224002939/formf-4a.htm
(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.
No stock again, they feed on the little pi's who buy in then sell for a loss but any support and limits are shut down. 25k max at full offer online. 8.5p
2 mm's move together so it's heading 7-9p at this rate shocking
Yeah, such a shame I didn’t get to double up at 7 or under grr, but have enough to hang onto and see what they’ve got up their sleeve
It's going to pop soon 50k buy on a terrible spread is a good sign 8.3p paid on 7-8.5p...25k at 8.4p available or 50k full offer it's just such a horrendous manipulated stock it will probably go 7.5-9p next we'll be very lucky to see a sub 1p spread in this one again
Few reasonable buys there today.
MM'S have killed it off 7.33-8.375p spread all of them constantly 1.5p spreads so nobody buys and people hopefully for them lose patience. I see more news and everybody all trying to buy in again when it's spiking 50-100% I hope
Nice to see some blue again. I went searching for Mobilityone sdn to see if there was something new around..
Noticed that the Malaysian Minister for trade had tweeted similar time to the Prime Minister a few weeks back. About setting up an Islamic hub with the Saudi co.
Maybe we hear something on this before long
https://x.com/tzafrul_aziz/status/1715733675361640698?s=46