TPTW Closed Up 82.61% Today, Due To Continued Momentum
Over News Of A $650 Million Strategic Investment Partnership.
TPT Global Tech, Inc., (OTCMKTS:TPTW) stole the show today, outtrading the entire OTC Market and setting itself up as one of the strongest one day runners seen on the stock market so far this year. In yesterday’s TPTW update, we mentioned that a big move today would likely be in the cards because at 2:35 pm yesterday Black Pearl Investments filed a press release announcing that the firm had entered a funding and strategic partnership with TPTW to invest $650 million USD into TPT Global Tech Inc., to initiate its ‘Green Smart City Projects.’
Just two days ago, TPTW closed with a market cap around $2.5 million and with yesterdays huge close up, it was just slightly over $5 million, so when contrasted with the announcement of a $650 million investment partnership vs such a comparatively low market cap, it was easy to foretell the sort of trading action that would be seen today.
On top of the above big news, investors were also happy to find that the company filed an 8K today regarding the conclusion of the companies two year $2.89 million highway construction project, for the Federal Highway Administration Eastern Federal Lands Highway Division.
As mentioned yesterday, IST which was recently acquired by TPTW, has $5.4 million in backlogged executed Government contracts, as of April 2022 and now with this new $650 million strategic investment partnership and recent renewal of its contract with the U.S. Army, this company has a lot going for it al at once. The new strategic investment partnership is likely to rapidly pick up the pace of growth and expansion and add even more arms to what has already been on paper, a fairly successful company.
We expect to see an influx of interesting updates from TPTW due to the doors that this sort of funding will open, so we suggest keeping a close eye on this one for the potential of an uptick in announcements and possible news contracts.
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