TGGI NEWS~ Irregular Trading September 22, 2015
CAPE CORAL, FL / Corporate Post / September 22, 2015 / Trans Global Group, Inc. (TGGI) was notified regarding large trading blocks sold off during today’s session and was asked if the Company had sold off any of its Common Stock. The Company did not sell any of its Common Stock. In fact, the Former President left an outstanding bill with the Company’s transfer agent in excess of $5,000 which placed a hold on the Company’s ability to issue additional stock until the balance was paid. The last issuance from the Company was in July of 2014 for 100 million shares to Red Fox Bonding as part of their proposed transaction.
After further investigation it was discovered that the Former President had arranged for the sale of a block of convertible debt to an associate which was later converted into 1 billion shares of the Company’s Common stock in June of 2014. The shares sold today were most likely from these 1 billion shares. Based on the trading volume that has taken place since June 2014, it would appear that all, if not a majority, of the 1 billion shares have been sold into the marketplace.
The Company would just like to ensure the shareholders it is not interested in diluting the Company, but is more focused in reducing the share structure.
For additional information about this release please contact:
James Irving
239-400-0012
IR@transggi.com
SOURCE: Trans Global Group, Inc. |
