TPTW Stock: Key Takeaways
- TPT Global Tech triples on news of smart village development in Africa.
- StocksToTrade Breaking News team alerts TPTW stock ahead of the rally.
- Tim Sykes profits more than 28% on the stock in just six minutes.
TPT Global Tech Inc. (OTCQB: TPTW) more than tripled today after announcing an agreement to build SMART villages in Africa.
At writing, TPTW stock was up more than 260%.
This comes after the San Diego based tech company announced it signed a strategic agreement with Skybridge West Africa (SWA) “to participate in the development of 20 SMART Villages emulating that of Duval County Florida in the Country of Ghana.”
Smart Village in Ghana
TPT Global Tech said the Ghanaian Ministry of Works and Housing granted SWA a $5 billion community development approval.
That money will be used to build more than 100,000 new homes over the next five years, using the latest green technology.
The company said, “the Smart Village infrastructure will consist of new home design and construction, new transportation capabilities, renewable energy, waste management technologies, installation of high-speed fiber-optic, 5G wireless cell towers, last-mile wireless technology, and ultra-performance cement technology.”
“Skybridge will also develop the education system and programs for the new Smart Village.”
TPT Global Tech is expected to be awarded $3.5 billion of the total budget for the development.
The company will provide access to its ‘QuikLABS’ and ‘QuikPASS’ medical testing and verification systems.
TPT Global will design and build the 5G wireless cell towers, fiber infrastructure, and renewable energy technology for electricity and water.
The company will also provide ultra-performance concrete technology for roads, plumbing, sewer pipes, toilets, bathtubs, sinks, tiles, and decorative fixtures for the housing community and medical clinics.
SWA’s goal with building the smart village is to create communities that recognize the requirements for affordable housing in addition to just homes.
Those additional requirements include medical clinics, renewable energy, water/wastewater management, integrated technology, smart transportation options, and the creation of entrepreneurial jobs.
TPT Global Tech’s chairman and CEO, Stephen J. Thomas III, said, “We are pleased and excited to join hands with Skybridge West Africa and feel fortunate that TPT Global Tech has been selected as the lead technology partner.”
He also expressed optimism about how this project will help the company’s stock in the future saying, “This planned project will help position the company for future international project consideration and continue to position the company for its up listing to a major exchange.”
STT Breaking News Play
Self-made trading millionaire, philanthropist, and educator Tim Sykes got in on this stock today after an alert from the StocksToTrade Breaking News team.
The breaking news alert was sent out at 10:19 a.m. Eastern reading, “$TPTW: TPT Global Tech Signs Strategic Technology Partnership Agreement with Skybridge West Africa, A $5B Green Housing and Educational Learning Project in Ghana”.
At the time, the stock was trading at $0.015 per share and Sykes bought 485,000 shares of the stock at 10:20 a.m. Eastern for $0.0133 per share.
He said, “Partial fill on STT News alert, new partnership news, its run big in the past, goal is 5-10% profits.”
And at 10:26 a.m. Sykes sold his shares of TPTW stock at $0.017 per share for a profit of $1,794.00, a 27.82% gain in just six minutes.
He said, “Wheewwwwww, STT News is on fire lately, the latest example of why EVERYONE should be using http://tim.ly/breaking daily, what a runner!”
But the run wasn’t over for TPTW stock as it continued to surge past $0.037 per share, up more than 100% from the alert.
Sykes said he was monitoring this stock for one of his key patterns before buying back in.
“TPTW I want more panic before dip-buying.”
Quick Six About TPTW Stock
- TPT Global Tech was founded in 1988 and is based in San Diego, CA.
- It is a technology-based company with divisions providing telecommunications, medical technology, and product distribution, media content for domestic and international syndication as well as technology solutions.
- TPT Global Tech offers Software as a Service (SaaS), Technology Platform as a Service (PAAS), Cloud-based Unified Communication as a Service (UCaaS).
- TPTW stock closed at $0.0106 per share on Tuesday.
- The stock opened at $0.0109 per share today.
- The company has a market cap of more than $9.5 million.
Featured cover image credit: Joyseulay/Shutterstock.com