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Protext Mobility, Inc. (OTC: TXTM) Provides Shareholder Update
Globenewswire· 2025-11-19 18:05
Core Insights - Protext Mobility, Inc. is experiencing significant operational momentum, highlighted by a debt-free balance sheet of $505 million and no dilution or reverse split, reinforcing shareholder confidence [2][15] Financial Position - The company maintains a $505 million debt-free balance sheet, with management taking no salary to align with shareholder interests [2] - Protext is recognized for strategic support under the TruLeaf Letter of Intent (LOI), which contributes to operational readiness and early-stage commercial development without cash expenditure [4][5] Compliance and Transparency - Protext has engaged an independent consultant to resume voluntary EDGAR filings and is upgrading its corporate website for enhanced transparency and regulatory compliance [3] - The company is progressing towards PCAOB/SEC Form 10 filing ambitions, with IFRS-audited financials for 2022 and 2023 already in place [11][17] Operational Strategy - The company is leveraging foreign exchange (FX) advantages, with a favorable shift in the South African rand from 18.94 ZAR/USD to approximately 16.95 ZAR/USD, which may enhance future financial reporting [6][7] - Protext is innovating through its TXTM kettle technology and nanotechnology expertise to convert seed inventory into active pharmaceutical ingredients (APIs), which can be tokenized as real-world asset tokens [8][9] Growth and Sustainability - The company is committed to a zero-waste, green, circular economy model, where all real-world assets, including carbon credits, can be converted into RWA tokens [10] - Protext's strategic initiatives and human capital are expected to drive exponential growth and shareholder value creation [9][13] Advisory and Governance - The addition of the Ambassador of Chad to the Advisory Board enhances the company's strategic insight and global perspective, particularly regarding developments like BRICS and the African Continental Free Trade Area [12][13] - Management's ongoing stock purchases in the open market reflect confidence in the company's future [14] Future Outlook - Protext is well-positioned for potential uplisting to major exchanges, aiming to translate innovation and operational leverage into tangible shareholder value [18]