Tingo is a mobile phone company that connects 10 million farmers in 18 African countries with mobile phones, payment systems, credit cards, and apps allowing farmers to connect directly to end consumers 8 million times a day on average.
I’m optimistic about Tingo’s future mainly because if and when Tingo uplists to a better exchange, which its SEC filings indicate it plans to do, then institutional investors will be able to buy shares.
The CEO/founder owns over 70% and a few other people own most of the rest of the shares as can be seen from public filings of the cap table, so if and when institutional investors start to buy shares, they might find the supply of willing sellers is much more limited than it might seem.
The company itself could do a share buy-back, something I would encourage if my opinion was asked.