ProText Mobility Chairman Reports Significant Share Ownership Increase
News related to:ProText Mobility, Inc · 2 min read
JOHANNESBURG, South Africa, Oct. 13, 2026 /CourierPR/ -- ProText Mobility, Inc. (TXTM) has announced a significant update on its management ownership and shareholder alignment. On October 8, 2026, the Chairman and President, Dr. Jamaloodeen, filed a voluntary Form 4 with the United States Securities and Exchange Commission (SEC), revealing that he now directly beneficially owns 831,301,460 TXTM common shares. This represents an increase of 55,646,456 common shares since May 20, 2026, when the Chairman reported ownership of 775,655,004 common shares.
The accumulation of more than 831 million common shares has been a deliberate and ongoing process, reflecting the Chairman's commitment to the long-term success of the company. Dr. Jamaloodeen has consistently maintained that management's commitment to shareholders should be demonstrated through measurable actions. His continued acquisition of TXTM common shares through OTC Markets transactions and private purchases from shareholders underscores his personal investment in the company's future.
In a statement, Dr. Jamaloodeen acknowledged the importance of his relationship with the shareholders of ProText Mobility.
The Chairman's ownership of 66,667 Series D Convertible Preferred Shares and 33,333 Series A Convertible Preferred Shares has not been converted into common stock. Similarly, the Company's Chief Executive Officer, Mr. Dylon Du Plooy, has also maintained his preferred-share holdings, further reinforcing a unified management philosophy. Both executives have consistently avoided converting their preferred shares into common stock, reflecting their commitment to long-term ownership and the company's future.
ProText Mobility's commitment to shareholder alignment extends beyond the Chairman's personal investment philosophy. Both Dr. Jamaloodeen and Mr. Du Plooy have maintained a consistent record of not converting their respective preferred-share holdings into TXTM common stock. The CEO previously communicated his intention not to convert preferred securities in the company's October 31, 2025, shareholder announcement. The Chairman's October 8, 2026, SEC Form 4 further documents his substantial common-share ownership and separately discloses his continuing preferred-share holdings.
These actions reflect a unified management approach founded upon long-term ownership and personal participation in corporate development. The company's commitment to responsible management of its capital structure, preservation of shareholder interests through disciplined execution, and development of underlying enterprise value rather than financial engineering is evident in these decisions.
Institutional milestones have been achieved, including the completion of its 2022 and 2023 financial audits and the progress of its 2024 and 2025 IFRS audit. ProText Mobility has also announced a pilot project on September 28, 2026, which represents an institutional milestone. The company is committed to earning confidence through execution.
The Chairman's closing message emphasizes the principles of Ubuntu, Simunye, and Raok.
The principles of Ubuntu, Simunye, and Raok reflect the management's belief that sustainable enterprise development should be accompanied by shared responsibility, mutual respect, accountability, and positive contributions to the communities in which people live and work. The company's commitment to these values is a testament to its dedication to long-term shareholder value.
In summary, ProText Mobility's management has demonstrated its commitment to long-term ownership and shareholder alignment through the Chairman's substantial common-share holdings and the company's ongoing progress in financial audits and institutional milestones.