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Tuesday, August 9, 2022

Tonner-One World Holdings Inc (OTCMKTS: TONR) Major Reversal Brewing as Crypto Operator Closes Acquisition of Cryptopro & Looks for More Acquisitions in Metaverse or Fintech

Tonner-One World Holdings Inc (OTCMKTS: TONR) is heating up and running northbound after the Company announced the acquisition of Cryptopro, a Lithuania based Artificial-Intelligence-powered Cryptocurrency, investment management platform that serve clients across the globe. Since going live, Cryptopro has been consistently increasing its client base and revenue generation capabilities. In a control-stake acquisition transaction, the company bought 60% control of Cryptopro.to. Ejike Arinze, TONR’s Chief Executive Officer, stated “we’re aggressively seeking opportunities in the Crypto, Metaverse industries to invest in hungry entrepreneur and Web3 projects across the globe that meets our investment/acquisition criteria. We’re also actively reviewing merger and acquisition candidates for actions in operating Cryptocurrency, Metaverse, Web3, Defi or Fintec businesses.” 

TONR started running in September and hit highs of $0.0175 in October as the Company went “pink current” and moved into the crypto space. Since a recent test below $0.005 speculators are looking for a return back into copper land and a break of the $0.0175 and breakout into a new trading range as management is on the acquisition front negotiating with eligible candidates. Besides enacting a no dilution, no reverse split policy management has set out a clear list of short-term objectives: Clear out all remaining toxic notes through negotiations or litigations, Identify and cancel improperly issued shares, Acquisitions, acquisitions, and more acquisitions, Engage PCAOB auditors to prepare Co for QB up listing, and smoothly integrate acquired businesses. 

Tonner-One World Holdings Inc (OTCMKTS: TONR) is an actively expanding Fintech company seeking acquisitions with an emphasis on Crypto, Crypto Exchanges and Metaverse assets and businesses with the most potential for future growth. The Company used to be a provider of multi-cultural doll products to the specialty, affinity and mass merchandise retail marketplace via a focus of direct and online sales platforms. In late 2021, new management shifted the company’s focus from doll design and marketing to operating cryptocurrency exchange, Defi or Fintec and Metaverse assets and businesses. New management also pledged to prevent Reverse Splits and curtail dilutions and except to finance acquisitions or hire important talent. 

In a shareholder update in November management made it clear they are shifting the company’s focus from doll design and marketing to operating cryptocurrency exchange, Defi or Fintec businesses. Crypto is a great place for the Company; according to CryptoCompare, a global cryptocurrency market data provider, crypto derivative volumes rose 54% to more than $710 billion in August in its monthly Exchange Review. That’s a new all-time high, with August’s figures now far exceeding the $602 billion monthly volumes reported in May.  Management laid out a clear set of tasks to be completed: 

Intermediate tasks ahead: 

  • Clear out all remaining toxic notes through negotiations or litigations  
  • Identify and cancel improperly issued shares  
  • Acquisitions, acquisitions, and more acquisitions  
  • Engage PCAOB auditors to prepare Co for QB uplisting  
  • Smoothly integrate acquired businesses

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TONR

Microcapdaily first reported on TONR on September 29 before the stock was “pink current” stating at the time: “TONR is making a major move northbound out of the triple zeroes to recent highs near a penny. The stock is quickly gaining traction among small cap investors and starting to attract some big players. Management has been working hard behind the scenes trying to get the filings up to date with the Attorney Letter with Respect to Current Information filed on September 14. Currently the stock is Pink Limited (Yield) and is considered compliant. Next step is “pink current.” The company currently has plans to merge with an operating cryptocurrency, Defi or Fintec business.” 

TONR is heating up and running northbound after the Company announced the acquisition of Cryptopro, a Lithuania based Artificial-Intelligence-powered Cryptocurrency, investment management platform that serve clients across the globe. 

Cryptopro, a 7 months project that turned profitable since December 2021, started generating revenue from subscription fees. Subscribers/clients follow Ai-powered signals to ensure optimal portfolio performance. Cryptopro derives revenue from transactions fees, subscription fees and consultancy from clients across the globe who uses its platform to build generational wealth via cryptocurrency investments. Since going live, Cryptopro has been consistently increasing its client base and revenue generation capabilities. In a control-stake acquisition transaction, the company bought 60% control of Cryptopro.to. The current management of Cryptopro who controls 40% of the company will continue to manage, grow and build the business in Lithuania to serve clients from around the world. 

Ejike Arinze, TONR’s Chief Executive Officer, stated “we’re aggressively seeking opportunities in the Crypto, Metaverse industries to invest in hungry entrepreneur and Web3 projects across the globe that meets our investment/acquisition criteria. We’re also actively reviewing merger and acquisition candidates for actions in operating Cryptocurrency, Metaverse, Web3, Defi or Fintec businesses.” 

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TONR is heating up and running northbound after the Company announced the acquisition of Cryptopro, a Lithuania based Artificial-Intelligence-powered Cryptocurrency, investment management platform that serve clients across the globe. Since going live, Cryptopro has been consistently increasing its client base and revenue generation capabilities. In a control-stake acquisition transaction, the company bought 60% control of Cryptopro.to. Ejike Arinze, TONR’s Chief Executive Officer, stated “we’re aggressively seeking opportunities in the Crypto, Metaverse industries to invest in hungry entrepreneur and Web3 projects across the globe that meets our investment/acquisition criteria. We’re also actively reviewing merger and acquisition candidates for actions in operating Cryptocurrency, Metaverse, Web3, Defi or Fintec businesses.”  TONR started running in September and hit highs of $0.0175 in October as the Company went “pink current” and moved into the crypto space. Since a recent test below $0.005 speculators are looking for a return back into copper land and a break of the $0.0175 and breakout into a new trading range as management is on the acquisition front negotiating with eligible candidates. Besides enacting a no dilution, no reverse split policy management has set out a clear list of short-term objectives: Clear out all remaining toxic notes through negotiations or litigations, Identify and cancel improperly issued shares, Acquisitions, acquisitions, and more acquisitions, Engage PCAOB auditors to prepare Co for QB up listing, and smoothly integrate acquired businesses. We will be updating on TONR when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with TONR.

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

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