Trans Global Group Inc (OTCMKTS:TGGI) is planning to serve all its shareholders with an update regarding the latest developments in the company. Asides from that, it intends to share several insights regarding where the company is heading to in the remaining part of 2018.
It was in the previous year that the business guru bought an OTCPink company that is said to be trading over $0.01. An official working with the company disclosed that all along they have always remained to be a reporting company which was contrary to the misconception among many that they were a reporting company.
That implies that it is possible for TGGI to proceed and audit the company but of course that needs to be done when time is right. The best part is that one doesn’t have to worry about the open accounting issues from the past when it gets to filing for a Form 10.
The buying as well as the holding of assets will be easier with the introduction of the new entity. Most of the financiers are finding the trading ability of this subsidiary rather appealing. They also appreciate the fact that it makes it a lot much easier to close transactions. The price of the new entity and the share structure verses the TGGI with some negotiating leverage for a wide range of acquisitions.
It is hinged on the company’s capacity to generate non-dilutive capital and it thus goes without saying that it what is required in terms of the combination to close deals is already in place. TGGI’s Management has disclosed that it has identified several opportunities to merge into the entity within the MJ sector.
TGGI has already stricken a deal with Cannabis Consortium and it expects to make much in the form of revenues from the sale of the device through the series of Cannabis’s outlets. But that according to one market observer shouldn’t be mistaken to mean that TGGI isn’t in a position to control its own destiny. It has what it takes and thus can determine its destiny.