Mobilityone Share Discussion Threads

[dave4545] 09/8/2023 13:09

I'm not surprised it's always been reasonable value and illiquid stock.

Somebody bought a small chunk and paid full offer on a wide spread and started it moving.

There just seems to be no liquidity until a few people sell and then that gets snapped up by fresh buyers.

Remember when this went from 6p to 55p high in a few hours in 2020 those were the days

Quiet here, all the regulars sold on ?

[mattjos] 09/8/2023 12:39

What's being planned is very ambitious.
If they pull this deal off, it is clearly going to be transformational for the company & a huge validation of its software

[mwainw1973] 09/8/2023 12:18

What's going on here then ?

[katsy] 09/8/2023 12:14

Lots of billions have gone missing during COVID. Maybe they're trying to launder all this Dosh. Like you say, I don't care were the money comes from as long as it ends up with MBO and ultimately me

[lloydypool] 09/8/2023 10:15

I have only glanced through yesterdays filing but fairly sure that was intimating they were working towards this months completion date ... not sure if it was all produced prior to the extension being voted on.

I'm retaining a passing interest here as opposed to investing as overall I don't buy that a SPAC would want to buy a newly formed none trading company for an invented price tag of $1.1 billion. Defo something fishy going on but at present I'm open to the idea that some of the money finds its way to MBO anyway (complicit or naive to what's going on) if that's the case there could be a good trading opportunity here for those watching out for the TETE sec filings or MBO RNS's.

[candlestick1] 09/8/2023 07:49

I guess, because the extension has gone to July 2024, people will see an opportunity to get their cash back rather than have it sitting for what could be almost another year (with another extension always possible).

[lloydypool] 09/8/2023 07:40

Agree that’s the most likely outcome CS but if they aren’t redeemed (arguably people have had the chance to pull already so why now?) then it looks like the sham merger goes ahead … then surely they need to pay MBO? That TETE filing seems to talk about much of the MBO revenue as going to the new entity (it even lists clients of MBO). I’m convinced it’s all a scam but if the scam involves moving $8m out of TETE into MBO then at some point MBO will spike (probably to then fall again, just like when the Alipay RNS was released).

[candlestick1] 09/8/2023 07:28

The $33m is simply shares issued for the SPAC that can be redeemed. Not sure why this is seen as a positive. The $33m was $118m less than a year ago. You can bet that more shares will be redeemed at this EGM, the same as 75% of them were last time.

[slavy] 09/8/2023 06:17

Clickable version:

[guru] 08/8/2023 20:27

Just found it:hTTps://www.sec.gov/Archives/edgar/data/1900679/000149315223026666/formprem14a.htm

[guru] 08/8/2023 20:21

Hi Lloydypool, please could you repost the link as it's not working. Thank you

[lloydypool] 08/8/2023 20:19

Worth having a look at the latest TETE SEC declaration as lots of mentions of Mobiltyone in their business plans which are declared in advance of the EGM for finalising the business combination.

In my view it is all fairytales, but TETE are claiming to have $33m in trust accounts so if they use this to pay MBO $8.8m I guess the share price is going to spike. Good luck if you're holding ... if you are the above link has plenty if information for you to consider to see if you still think this is all legitimate or alarm ring.

[lloydypool] 05/8/2023 13:35

I seem to remember saying along time ago that in my view the only way MBO will actually complete on the sale is if they do so by accepting a revamped deal that is mainly TETE share based.

Superapps are unsurprising not receiving the $1.1 billion in cash but instead shares that are supposedly worth that figure (it may as well have been a trillion $ of shares as far I can see if they are just issuing shares in a worthless SPAC to buy another worthless company).

Maybe some of the money was raised by the IPO is still there and will actually find it's way to MBO but whilst I'm still really intrigued as to what is happening here it just looks like a scam.

[katsy] 04/8/2023 11:37

This line caught my eye

The aggregate consideration for the Acquisition Merger is $1,100,000,000, payable in the form of 110,000,000 newly issued Combined Company Class A Ordinary Shares

[mattjos] 04/8/2023 09:40

cant make head nor tail of the latest RNS but, appears to be more about pre-deal orgnaisational structuring likely accountancy input re. Tax

[paraguay] 25/7/2023 09:08

RNS Today - I'm guessing they're going to string along PI for another 12 months!

[dave4545] 10/7/2023 06:55

That auction buyer now up to 5p, but it seems they are putting in prices unlikely to get filled atm.

[dave4545] 07/7/2023 14:04

10k NMS 1 mm left otherwise it's premiums

[tomboyb] 07/7/2023 13:55

Tried to take a few at 5p -

Nope -

[dave4545] 07/7/2023 13:52

There is not a lot of stock out there NT at 5p

[dave4545] 07/7/2023 12:51

Still there every auction

3 x 55k at 4.3p and 55k and 20k at 4.5p buy orders trying to get filled but never seem to do it unless they raise the price

[dave4545] 05/7/2023 07:51

5 x 55k buy orders in auction 3 at 4.3p and 2 at 4.5p, pretty sure they could just get the size buying online instead.

See if they get filled they should at those prices