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Pareteum Corporation (TEUM)

Other OTC - Other OTC Delayed Price. Currency in USD
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0.0200+0.0100 (+100.00%)
At close: 02:57PM EST
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  • j
    johnny
    All we want as shareholders is communication from the CEO of TEUM, is that too much to ask for?
  • T
    Tim
    has anyone heard if they are actually still in business?
    Bearish
  • R
    RealJohn
    While @Hoopie focuses on blog posts and LinkedIn job postings for his fact list i decided to provide some real facts based on SEC filings.

    1 TEUM senior secured notes, unsecured notes preferred C shares and other payables are approaching $50 million in debt.
    2 Most of TEUM debt is coin pounding at 18% because TEUM is in default of covenants
    3 TEUM is unable to pay interest in its debt because it relies on debt for its cash flow needs.
    4 Debtholders stopped allowing TEUM to pay interest in its debt in TEUM shares because they do not want TEUM shares and are unable to sell them when they receive them. Instead Interest in TEUM debt gets added right back on top with more debt.
    5 TEUM still has massive shareholder lawsuit liability.
    6. TEUM is cash flow negative at the rate of $17mm to $20mm a year. Evidenced by historical precedent and Dec 10 SEC filing.
    7. On Dec 10 TEUM announced that on Oct 1, the day they hired FPI they started borrowing $500k every 10 days (effectively because that’s all they could get) as part of a $4mm financing. That money was gone by Dec 10.
    8. On Dec 10 TEUM had access to potentially $1mm more in funding from the omnibus agreements. Presumably TEUM received that in 2 $500k tranches throughout December.
    9. TEUM immediately needs new financing to avoid bankruptcy.
    10. TEUM revenues have been and almost certainly continue to shrink. Go down from 2020.
    11. Ignoring accounting gimmicks on merger timing TEUM comprised companies ElephantTalk, Artillium, IPass have had flat to lower revenue since 2018. Zero growth.
    12. The backlog was a fake number based on fake numbers built into contracts that were impossible to meet.
    13. TEUM workforce has shrunk massively over the last two years as they gutted the company to survive.
    14. TEUM sold revenue producing assets to survive in 2020. That further degraded TEUM ability to grow revenues.
    15. @LittleGiant took a massive hit in TEUM. (Disclosure: this information has not come from SEC filings but instead decided ed by his continued cheerleading for this stock since $5 and absence of declaration of sales)

    Those are some real TEUM facts.
  • R
    RealJohn
    Hoopie and RocketQueen packed their bags and disappeared the same day. Comical
  • R
    RealJohn
    TEUM must have raised another pittance of money. They cannot possibly be operating today without having raised money again over the past month sometime. 8k coming
  • B
    Bobbio
    Went to Walgreens with my wife today to get a few things. The bill came to $78. that's the same amount of money that traded hands in TEUM stock today. At least the $78 I spent will make a happy wife, happy life!
  • L
    Littlegiant99
    RJ....and one other thing. As to your pontification around Investing, you go overboard on giving yourself credit re :TEUM.....like Titanic overboard.

    Given that TEUM.....and IPASS prior.....never demonstrated positive cashflow.....let alone profitability.....from day one this was an investment in a STORY. Sadly, it turned out to be fiction.

    It's just that simple.....to claim it was an investment is an insult to those who viewed it as anything other than a Story Stock......akim to "investing" in the Lotto.

    But don't we all wish we had invested in that story of a guy that started a tech company in his garage or in a dormatory with his buddies 15-20 years ago?
  • p
    pkhoopster
    Pareteum still attending trade events. .

    SMS EXCHANGE CORNER - AMERICAS CHAPTER
    Event by Marcelo Acosta y Lara
    Hotel Colonnade Coral Gables, Autograph Collection, 180 Aragon Avenue, Coral Gables, Florida, US, 33134
    Hotel Colonnade Coral Gables
    Mar 17, 2022, 8:00 AM - Mar 18, 2022, 6:00 PM (your local time)
    Event link
    https://www.wholesalecongress.com/home-awc/
    Bullish
  • R
    RonDog
    Bashers on this board should be well aware that without any detailed insight it is NOT possible to judge on the financial situation of Pareteum. I see all kinds of negative speculations flowing around, which I do see for almost 2 years now, but the real truth is that P is still operating, attracting staff, visiting fairs, and communicating through LinkedIn. We all are desperate for the financial updates for 2021 and hear more about the future plans but there is no more to say for now. The only one that comes with verifiable facts is PKHOOPSTER. Pareteum is alive, is hiring, is operating, has offices, introduces new products, attends fairs, communicates on LinkedIn, has not declared BK, has financing in place.
  • S
    Sara
    Anyone know how long team teum can go without being required to put out financials? Indefinitely?
  • B
    Bobbio
    Expecting a PR soon from PK ....
  • J
    James
    Is TEUM a member of the FiRa consortium?

    An article in today’s WSJ lays out IoT strategy among Apple Google and others that sounds like the pitch that comes from TEUM.

    I would guess TEUM has nothing to do with the in crowd.
  • T
    Tim
    The company still lost 99% of its value. The company's technology is even more dated. Their are even more open position as more people bail and take advantage of the great resignation. it still has a cracked shell that is being picked at and will be carted away.
  • p
    pkhoopster
    the last 2 weeks of the year had 9 trading sessions with volume totaling 3,471,720. 76.8% or 2,665,620 of this volume occurred in the final week of the year with the last 4 days averaging 616,480 shares traded daily. The entire volume in the month of December was 6,100,920. The data reflects escalating volume going through the final week as compared to prior weeks averages. On Tuesday January 4 we begin 2022….a brand new year! The company has recently finalized a new round of financing via Dec 10th 8k with HT, Channel Ventures, and Hoving & Partners. 3 months have now passed since Pareteum announced the strategic alternatives review engagement with FTI. Retail is currently locked out pending current filing status via 8k filings for Q2 ‘21 and Q3 ‘21. The couple months will be interesting imo. All the best to the longs who have persevered!! Posted by betbetsgold on stocktwits
    Bullish
  • F
    Funnoontoon
    Rock-ly?
  • R
    Raven
    At .02 TEUM is a steel, assuming they turn the corner. Last check, TEUM 4.6 million sims. Ask, how many additional sims would it take to get the company to break even. 6 million? Likely. Gross margins are also important. Note during 2020, TEUM improved margins each quarter over the last quarter. A couple confirmed reasons TEUM hasn't grown materially during 2020 as investors hoped is, a) pandemic impart on TEUM wifi revenue stream and b) trimming the fat of non-profitable clients, thus improving margins. ANY sign of improved quarterly revenue trends, ie: Q2, Q3 and Q4 2021, coupled with guidance can move Pareteum not only above $1.00 but much higher. It would seem, the significant customers needed are up and running to accomplish just that. We'll see Q2/Q3 fairly soon January-February 15th and Q4 in mid March. The question remains, does TEUM have the management skill set to complete the turnaround? Venture Capital money thinks so evidenced by 8-K earlier this month. TEUM is down but not out.
    Neutral
  • L
    Littlegiant99
    wow....100+% gain.....made up for all the losses on other stuff. Who ever said Hope is not a Plan? LMAO here.
  • R
    RealJohn
    Watching RocketQueen and Talli657 over on ST hash out what’s going on with TEUM is like watching two 3 year olds with a chess set. Sad!
  • S
    Statesrip
    Holders want out of this stock in a big way--over 5 million shares have traded in less than 3 weeks and driven the stock 92% while exiting their positions. Seems the sellers think TEUM is going bankrupt shortly
  • S
    Statesrip
    Another massive volume day as people anticipate the $1 buyout that Baron has predicted!!--Rumor has i that PK bought 100% of the volume today rather than having his usual Krabby Patty for lunch
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