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$TMSH up 50% today on very low volume.

Waiting on a Court Ruling to Enforce an Agreed to and Signed Settlement Agreement where Mr. Fred Conte gets control of the Company.

See information here, Nevada Supreme Court: http://caseinfo.nvsupremecourt.us/public/caseView.do?csIID=37604

Mr. Conte's Information - https://www.linkedin.com/in/frederickconte?authType=NAME_SEARCH&authToken=z8Mu&locale=en_US&trk=tyah&trkInfo=clickedVertical%3Amynetwork%2CclickedEntityId%3A29468661%2CauthType%3ANAME_SEARCH%2Cidx%3A1-1-1%2CtarId%3A1466712865130%2Ctas%3AFred%20Conte

Just a side note there is a 55M Naked Short in TMSH.

PR From May 12

TMSH PR IS OUT Note that Mr. Conte references that he already has a Company to Merger with TMSH in the PR below.


Judgment and Settlement to Be Enforced Against TransGlobal Assets, Inc.
Marketwired Securus Law Group
34 minutes ago

LAS VEGAS, NV--(Marketwired - May 12, 2016) - Securus Law Group of Tampa Florida is announcing legal proceedings and litigation status as to court filed matters against TransGlobal Assets, Inc. A lawsuit was brought by Frederick Conte, a former director of TimeShare Holdings, the predecessor of TransGlobal Assets, Inc. and a large individual creditor of the Corporation. The lawsuit was filed in July 2013 in the Eighth Judicial Circuit in Clark County Nevada under case number A-13-685696-C. Trial was held on July 20, 2015 in the District Court in Las Vegas, Nevada with Mr. Conte being represented at trial by lead counsel Craig A. Huffman of Securus with local counsel for litigation being Nikolas Mastrangelo, Esquire of Las Vegas. As a result of the trial the court found for Mr. Conte on two counts of breach of contract and entered judgment on both counts on November 25, 2015 in the amount of $348,544.91 plus interest due from the time of filing the lawsuit to the present time. Currently Mr. Conte has filed a motion before the Nevada Supreme Court to enforce an executed settlement entered into by the Company as set out below and other motions to protect the shareholders.

TransGlobal appealed the verdict and judgment, filing the appeal before the Nevada Supreme Court under Case Number 69393. In a mandatory mediation held under the Nevada Supreme Court rules, the parties attended a mediation in Las Vegas on February 26, 2016. With a Settlement Judge present, both sides entered into a written settlement agreement where Mr. Conte would become the sole director and officer to bring a new business into the Company. It was also agreed that Douglas Johnson and Kent Strickler, former and then officers and directors would surrender all their common and preferred share holdings. The agreement called for change in control of the management of the Company to Mr. Conte. Even though such settlement agreement was executed and entered into, the Defendant Corporation then "changed its mind" and refused to comply with the settlement agreement. Mr. Conte has filed a motion to enforce the settlement agreement before the Nevada Supreme Court. Given the executed and agreed to settlement, Mr. Conte intends to enforce such matter with through the Nevada Supreme Court, and gain control of the company for the entry of a new business into the Company.

An additional matter arose after the trial had taken place. In December 2015, counsel for Mr. Conte filed a motion in the District Court against the Company for fraudulent transfer of assets. In the motion, it stated that after the trial on July 20, 2015, and after all the evidence and outcome of the trial was pending, the Company took the action of removing the entity of SLXCO, Inc back to the personal control of the only director Douglas Johnson. The removal occurred on August 14, 2015. The motion states that the removal of the asset was to avoid payment of the judgment due to Mr. Conte, and that the Company received nothing in return for the asset which generated millions of dollars a year in revenue to TMSH.

About Securus Law Group

Securus Law Group serves microcap companies and investors across the country. Securus handles litigation in numerous jurisdictions while also acting as outside to dozens of companies over the past eight years.
Contact:

Craig A Huffman
888 914 4144
[e-mail]

http://finance.yahoo.com/news/judgment-settlement-enforced-against-transglobal-201331616.html


TMSH - Shareholder Letter from Frederick Conte

From his blog: http://favapointsofview.blogspot.com/2016/05/shareholders-letter.html?m=1

AN OPEN LETTER TO THE SHAREHOLDERS OF TRANSGLOBAL ASSETS INC

Recent Legal Activities & Potential Transfer of Control
A New Vision for the Company

LAS VEGAS, NEVADA, May 10, 2016
To My Fellow Shareholders:

By now, many of you are aware that I filed suit against TransGlobal Assets, Inc (OTC: TMSH) in July, 2013. This litigation was initiated as a result of Company Management’s failure to uphold legal and operational responsibilities, including but not limited to its contractual obligations. The lawsuit was a last resort following my repeated attempts to seek their performance in satisfying the conditions of promissory notes between the Company and myself, which were first breached in [December 2010].

This case was adjudicated in the District Court of Las Vegas, Nevada in July, 2015. Neither Mr. Strickler nor Mr. Johnson, the two officers and directors of the Company, chose to appear and testify at their own trial. At the conclusion of the trial, I was awarded a judgment against the Company for their breach of contract. It is my opinion that, in an effort to avoid satisfying the judgment against the Company, the sole revenue producing asset of the Company, SLXCO, was divested without official public notification thus depriving all TransGlobal Asset Shareholders of their proxy voting rights on this matter and any foreknowledge of the devaluation of their shares, as well as removing the Company's financial wherewithal to satisfy the judgment against it. The Company has since filed an appeal with the Nevada Supreme Court, attempting to overturn the judgment.

As with most cases filed with the Nevada Supreme Court, a mandatory mediation process is instigated to provide the parties an opportunity to settle the case. The mediation process is governed by the rules of the Nevada Supreme Court and is presided over by a Settlement Judge. Such mediation was conducted in February, 2016. After many hours of negotiation, a settlement was reached, freely agreed to and signed by all parties. Amongst other stipulations, it was agreed that the Company would, through its director, Mr. Johnson, appoint me, Fredrick Conte, as the new and sole director of the Company. The Settlement Judge reported to the Supreme Court that a settlement had been reached between the parties. A few days following the settlement conference, while awaiting the logistics of the transfer of control of the Company, the Company notified the Settlement Judge that it had “changed its mind” and had chosen to continue with its appeal, rather than abide by the settlement which it agreed to just days before. No reason was given for this action. Through a motion filed with the Court, I have asked the Supreme Court to enforce its own mediation rules by ratifying the settlement already reached with the Company.

This has been a long, arduous and expensive process. In the end, if, as expected, the settlement agreement is upheld and ratified, and a transfer of control takes place, then the new management team of TransGlobal Assets will be shifting its full attention to aligning with solid, well established companies that when moved under its umbrella can and will provide multi-million dollar revenue streams and thereby bring significant value that is long overdue for the Shareholders of TransGlobal Assets, Inc. Serious discussions have been underway for some time with potential quality partners that are seeking a publicly traded vehicle to enhance their operations. To provide a glimpse of the future direction of the Company, at this juncture I can share some of the industries in which prospective companies operate: Hospitality; Medical/Cannabis; Ancestral Research; Product Delivery/Distribution, amongst others. Of course, there are no guarantees that we will be successful in this effort, but we are very optimistic and we look forward to several new partners joining our Team in the near future.

I also wish to make known to my fellow Shareholders that if, as expected, the transfer of control of the Company is finalized through the Ratification of the Settlement Agreement, I will keep Shareholders informed in accordance with the letter and intent of the laws by which public companies must abide. Now, more than ever, operational transparency must be a business practice and not just an empty platitude used to largely to embellish news releases and marketing materials. Upon receiving control of the Company, my first order of business will be to conduct a thorough accounting of all shares. Any change in the share structure, if necessary will only be due to the enhancement of the Company through bona fide Acquisitions, Strategic Partnerships and /or Mergers. and for the benefit of all Shareholders, not just Company Management as is the case in many companies today.
It is my hope, that by sharing with you some of my perspectives of past circumstances and my hopes for the future of OUR Company, that you will gain insight and perhaps even optimism into the new direction that TransGlobal Assets is likely headed. Together we can forge a new Company for all to be proud of and share in its growth. Please contact me with any sound opportunities that you feel will enhance the value of TransGlobal Assets, Inc., for all Shareholders.

For more information on my professional background and credentials, you are welcome to review them on LinkedIn: https://www.linkedin.com/in/frederickconte.

Most Sincerely Yours,

Frederick Conte