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Wednesday, June 29, 2022

ProText Mobility, Inc. (OTCMKTS: TXTM) Powerful Reverse Merger RSA Medical Marijuana Dispensaries RSAMMD (More on RSAMMDA EG Conference Wednesday

ProText Mobility, Inc. (OTCMKTS: TXTM) had an enormous week last week and some think it’s just the beginning for TXTM already being called the one to revitalize the OTCs and bring the volume back. We all remember the days when TSNP went from triple zeroes to $6 per share plus as HMBL. And there were many others too, many that we covered when they were well under a penny including ENZC, OZSC and FORW to name a few. Last week TXTM consummated the reverse merger when RSA Medical Marijuana Dispensaries RSAMMD™ a south African Company that states on their website they produced 35,000 kilograms of cannabis on 1,000 hectares plot sitting on a 5,000-hectare farm with a lot of room for expansion. While this is big news there is no doubt about especially considering 35,000 kilograms of cannabis is worth about $85 million nobody expected TXTM to just keep going every day running 1,000% since we predicted a big week ahead with our article: “Gearing Up for Enormous Week After RSA Medical Marijuana Dispensaries RSAMMD™ Tweets it has Closed on the Acquisition of TXTM” But TXTM did keep going making double digit gains while the DOW dropped 3,000 points in a week. TXTM has already revitalized the OTC and brought back hope and considering the action last week closing up 8% on Friday on $7.5 million dollar volume anything is liable to happen this week. We all saw TSNP moving up in triple zeroes one day (we reported on TSNP well under a penny here) and the next it was moving up dollars per day. It happens in penny stocks, and when it happens it happens very, very fast sometimes. 

As we have been saying reverse merger stocks can be more explosive than biotech’s when the incoming Company has real value but is undiscovered to investors and we have covered many on the website that have gone from pennies to dollars. Two recent RM runners that stand out are TSNP which went from sub pennies (where we first wrote about it) to several dollars per share. The other is HRBR which went from a few cents (where we first wrote about it) to $3 plus. TXTM is the perfect RM candidate, “Pink Current” on OTCMarkets TXTM has about $1 million in debt and trades at a $121 million total market valuation with 7,831,465,506 shares outstanding. On Friday the Company announced it has been invited to present at the Emerging Growth Conference on Wednesday June 22nd, 2022 from 12:30pm -1pm EST. The Emerging Growth Conference is host to over 20,000 attendees and is a live, interactive online event. Existing shareholders and the investment community will have the opportunity to interact with the Company’s Chairman Dr. Ahmed Jamaloodeen (Dr.J) and CEO Dylon Du Plooy, who will be presenting in real time. Dr.J, Protext Chairman commented “We are looking forward to presenting at our first investor conference and the timing of the Emerging Growth Conference next week couldn’t be better.  We plan to share our near-term goals and future plans with current shareholders as well as new investors interested in hearing our growth story.  Everyone will get to meet the leaders who are building shareholder value and guiding the Company into the future.” Register here

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RSA Medical Marijuana Dispensaries RSAMMD™ is a fully licensed health practitioners, qualified to dispense and prescribe medical cannabis in South Africa. The Company offers superior patient care and 100% Indoor and greenhouse grown cannabis ensuring patients receive clean, safe, and pure medical cannabis products. RSAMMD has 2 commerical licenses, 1 dispensing, importation & prescription license, 2 permits, 1 seed bank cultivar and with an annual production of 35,000 kilograms per year.

On Friday in a “change of control” filing TXTM stated: “Protext Mobility, Inc. (TXTM) closed on a transaction June 3rd, 2022 whereby it acquired 100% interest in RSAMMD Acquisitions LLC. Dr. Ahmed Jamaloodeen became Chairman of the Board and President of Protext. Mr. Dylon Du Plooy became CEO and Director of Protext.RSAMMD Acquisitions LLC assumed control from Protext through newly issued preferred stock. Mr. Dylon Du Plooy and Dr. Ahmed Jamaloodeen are the principals of this entity and are the beneficial owners of the Protext controlling stock. 

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TXTM

Last Monday TXTM announced Republic of South Africa Medical Marijuana Dispensaries Acquisitions LLC closed on the acquisition of Protext Mobility, Inc (OTC PINK: TXTM) in a share exchange whereby 100% of capital stock in RSAMMDA.LLC will be exchanged for Preferred Stock in Protext. RSAMMDA.LLC. is a jointly owned company focused on acquisitions with two principals, Mr. Dylon Du Plooy and Dr. Ahmed Jamaloodeen (“Dr. J”) who represent the South African business entities of RSAMMD and Leeds Boerdery. RSAMMD is a South African pioneer in the research, cultivation, production and distribution of medical cannabis and cannabinoids. Leeds Boerdery, controlled by Dr. J, owns the 5000 Hectacre New Castle Farm as well as federally issued cannabis and hemp licenses issued by the Government of South Africa. RSAMMD management have taken over the daily operations of Protext headed by Mr. Du Plooy as CEO and Director, and Dr. Jamaloodeen as President and Chairman of the Board. 

Mr. Dylon Du Plooy, Protext CEO and Principal of RSAMMD.LLC, commented, “This transaction has been a long time in the making. For the past couple years, we have been focused on building our operations in South Africa and globally, where have built an extensive infrastructure and global cannabis/hemp business. During this period of time, we have invested heavily in building a significant cannabis/hemp operation to facilitate complete seed to sale, R&D, global off-take agreements for end product as well as all the extraction infrastructure needed to create what we believe to be some of the highest quality hemp and cannabis on the planet. In South Africa right now, we have just completed our semi-annual grow. RSAMMD in Joint Venture with Leeds Boerdery, cultivated hemp and cannabis crops this past season on a combined 1000+ hectacres. All of this is done under federally issued permits and licenses to grow, import/export hemp and cannabis, as well as research permits for conducting testing of final products for human consumption and medicinal benefits. Over the coming days and weeks, we will be sharing our immediate term road map and long-term plans we are developing for Protext which should translate into increasing shareholder value. These plans include adding other valuable assets to the company which complement the core business, and executing on commercializing the proprietary live plant extraction technology as well as deploying our crypto platform, with a TXTM token which we are excited to rollout very soon.” 

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Currently trading at a $121 million total market valuation TXTM has 7,831,465,506 shares outstanding. The stock is among the most explosive in small caps making double digit gains while the DOW dropped 3,000 points in a week. TXTM had an enormous week last week and some think it’s just the beginning for TXTM already being called the one to revitalize the OTCs and bring the volume back. Last week TXTM consummated the reverse merger when RSA Medical Marijuana Dispensaries RSAMMD™ a south African Company that states on their website they produced 35,000 kilograms of cannabis on 1,000 hectares plot sitting on a 5,000-hectare farm with a lot of room for expansion. While this is big news there is no doubt about especially considering 35,000 kilograms of cannabis is worth about $85 million nobody expected TXTM to just keep going every day running 1,000% since we predicted a big week ahead last Sunday with our article: “Gearing Up for Enormous Week After RSA Medical Marijuana Dispensaries RSAMMD™ Tweets it has Closed on the Acquisition of TXTM” But TXTM did keep going. Considering the power TXTM showed us last week I would not count this one out by a long shot, TXTM could easily go way higher and fast. Microcapdaily will be covering TXTM / RSAMMD as it happens so make sure you subscribe to Microcapdaily.

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Disclosure: we hold no position in TXTM either long or short and we have not been compensated for this article.

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