SEC can drop the hammer at any time https://www

SEC can drop the hammer at any time

https://www.sec.gov/litigation/suspensions

deservingly so. It should be all about not allowing companies to keep shareholders in the dark and disadvantaged while insiders can conspire moves only beneficial to the Preferred shareholders.

Quote:

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It appears to the Securities and Exchange Commission that the public interest and the
protection of investors require a suspension in the trading of the securities of Tingo Group, Inc.
(“Tingo Group”) (CIK No. 0000854800) because of questions and concerns regarding the
adequacy and accuracy of publicly available information in the marketplace concerning Tingo
Group, including (1) press releases, periodic filings with the Securities and Exchange
Commission—including Forms 10-K, 10-Q, and 8-K—and other publicly disseminated
statements, since at least May 10, 2022, about the financial statements and business operations of
its then merger acquisition target and current wholly-owned subsidiary, Tingo Mobile Ltd.; and
(2) press releases, periodic filings with the Securities and Exchange Commission—including
Forms 10-K, 10-Q, and 8-K—and other publicly disseminated statements, since at least February
9, 2023, about the financial statements and business operations

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IMHO, there could be issues with previous filings? That would create a huge mess for a broke company and its stock down 98%.

in my opinion

cheers