ProText Mobility Chairman Discloses 831.3 Million Common Shares in SEC Filing

ProText Mobility, Inc. (OTC:TXTM) Chairman and President Dr. Ahmed Jamaloodeen disclosed direct beneficial ownership of 831,301,460 common shares in a regulatory filing accepted October 8, 2026. The holding represents an increase of 55,646,456 common shares since May 20, 2026, when he held 775,655,004 common shares. Shares of ProText Mobility traded at $0.0077, up 4.05% for the session.

The share accumulation was conducted through over-the-counter market transactions and private purchases rather than converting preferred shares into common stock. Both Dr. Jamaloodeen and Chief Executive Officer Dylon Du Plooy confirmed they have never converted their preferred shares. Furthermore, the Chairman confirmed he has never sold any common shares, demonstrating long-term financial alignment with existing equity holders.

Investors will look for continued progress as the company pursues its long-term objectives, including financial reporting under IFRS standards, infrastructure development, and potential regulated-exchange goals. The Chairman indicated he plans to maintain his substantial position while evaluating personal financing opportunities such as collateral-based lending.