Any company Trans Global works with must have audited financials and file a Form 10, we will give them access to people who have replied to a teaser mailed out about the company looking for more information to invest in the company prior to it going public.
Trans Global Group wishes to participate in Crowd Funding through either a Funding Portal or a $5,000 net Cap broker dealer only allowing Private Placements.
The JOBS Act of 2012 as defined, limits the scope of a Portal outlined below; allows companies that are not broker dealers to engage in fund raising for companies once the SEC and FINRA define the Rules. Currently a broker dealer engaged in private placements can use Reg A or Reg A+ and basically do the same thing as a funding portal without waiting for the Rules to get written, and as broker dealer we could engage in more services and charge higher fees.
The JOBS Act of 2012 allows retail investors to purchase unregistered securities offered through crowdfunding websites. The Act limits the amount that investors can invest in a 12-month period based on income and net worth.
Under the Act, a private company raising capital under the crowdfunding exemption must use an intermediary that is either a registered broker-dealer or a funding portal. Any broker-dealer or funding portal that engages in crowdfunding must be registered with the SEC and FINRA. Funding portal activities will be more limited than broker-dealers. For example, a funding portal may not: solicit transactions for securities displayed on its website or portal, compensate anyone for soliciting investors, or pay compensation based on the sale of securities on its website or portal, hold customer funds or securities, offer investment advice or recommendations. FINRA’s proposed rules reflect the limited scope of activity permitted to funding portals.
Currently Trans Global Group does not charge a fee to any company regarding fund raising or receive a percentage of any funds raised, as it cannot be compensated for fund raising efforts. This is why Trans Global Group will look to either become a private placement broker dealer of a Funding Portal.
Trans Global Group assists private companies with going public on to the OTCQB as fully reporting companies. Companies come to Trans Global for assistance in navigating the audit process and the filing of an S1, to registering their initial shareholders shares so the company can begin to trade.
Through its connections, Trans Global will guide these companies through the collection of documents to complete an audit and S1 and act as a conduit for the auditor and the attorney throughout the process.
Companies must submit to background checks for all of their officers, directors, and shareholders (owning more than 5%), to ensure everyone associated with the company has not engaged in any improper behavior that could delay or stall the S1 process.
Trans Global will receive a small percentage of each company that gets registered in the S1 process. Along with all the other shareholders, Trans Global will seek to sell a portion of its holding in any funding registration filed to lower its overall ownership below 5%.
Trans Global Group Inc., through its affiliates, has a database of over 3 million double opt-in users who are looking for the next Hot ticker to trade. We can send your current press release or company profile to our database over several days to help bring fresh investors to your company.
Coming Soon – Trans Global is fully automating its IR services to allow companies to create their own marketing piece and send it out over several days. Companies will use one of our templates to create their message then purchase a specific number of users they wish to see the message and the rate they wish the message to be delivered. Users will be able to send as many as 500,000 messages per day. A thorough vetting process will take place to ensure the list is not used to assist in any pump and dumps; only company principals will have access to the portal.
The objective is for companies to have control over their own IR program and not issue shares or spend a fortune for something they can do themselves with the right tools.