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how can 60 MILL shares to been 10 percent?
it gives 5 billion shares.
good weekend
murmel007, Hello, his ownership is a continuing problem... imo
hello wick.
what is with flemming 75 millions?
What that required filing means is that Golden Gate/State is probably the biggest bagholders of this stock. Until such time as you see a reinstatement on the Nevada SoS site, this stock is going nowhere. Now, that is not to say that it will never happen, but reinstatement is required for this to be a viable company again. GLTA!
Look through the pink sheets and you will find many dark stocks (deregistered) that are not registered companies, no company attached yet still trade. It is nothing unusual at all and those types of companies are hyped daily on places like this to help individual bag holders and big bag holders like GGI dump shares on uneducated buyers. Any company coming wanting to RM into this or any deregistered stock (shell) will RS the heck out of it. No company will want a shell with 424,605,279 OS.
Here is some more information. This is from the SEC website:
Defunct Company, Stock Continues to Trade
Even when a company is no longer in business, there may still be active trading in its stock. This is because companies that are no longer operating may still have outstanding registered stock, which can be traded until the company has the shares deregistered or the stock's registration is revoked. The SEC does not have a rule that prohibits the trading of stock once a company becomes defunct because it does not want to forbid transactions between willing buyers and sellers, including those holding shares in defunct companies.
Quote: "The company is not registered". Then why are the company's
stock shares registered with the SEC and why did Golden file
a form with the SEC regarding their 9.99% contractual position
in an unregistered company without registered shares?
The past businesses have been unsuccesssful, but that does not
preclude someone else coming into this ticker with a viable
business and making money for themselves and the shareholders.
That is not news. It is a SEC sc 13g filing. Let me help educate you on investing:
What is required under Section 13(g)?
Section 13(g) is very similar to Section 13(d). However, the requirements of Section 13(g) are less burdensome because Section 13(g) is designed to require reporting by qualified institutional investors and passive investors which do not raise the types of concerns underlying Section 13(d). Under this section, reporting entities must file Schedule 13G, which is very similar to Schedule 13D but requires less information and, in most cases, must only be updated on an annual basis. Schedule 13G must be filed when a qualified institutional investor exceeds 5% of a class of outstanding registered equity securities provided they hold the securities due to their normal course of business and not to affect change or influence control of the issuer. Schedule 13G is actually combined with Schedule 13D.
An investment advisor registered with either a state or the SEC could be considered a qualified institutional investor and more likely subject to Section 13(g) as opposed to Section 13(d). A passive investor would be a person or entity that trades for its own account and does not fall within the definition of qualified institutional investor, e.g. broker/dealer, investment advisor, or insurance company. Schedule 13G must be filed within 45 days of the end of the calendar year in which the qualified institutional investor exceeds the 5% threshold. Going forward, amendments are required on an annual basis. Amendments are also required within 10 days after the end of a month in which beneficial ownership exceeds 10% or more and within 10 days after the end of a month when ownership increases or decreases by at least 5%.
http://www.ria-compliance-consultants.com/form13f_section_13d_schedule_13g.html#11
They have the same amount of shares as they did in 2006. They still have their shares because they were stuck with them. The ticker has nothing behind it, the company is not registered nor has a place of business, phone number, nada. A RS is the only thing happening to this ticker. No yachts, no business news, no Video Games.
Golden still has their position because they expect
something to happen or plan to make something happen.
Just my opinion.
http://www.insidercow.com/institution/subject.jsp;jsessionid=950ECC45B6BAD757F380BA48A47DA21F?subject=0001099234&company=GMFX
buy in 2012.scon is good looking.
GGI has owned 9.99% since 2/06
Golden State Equity Investors bought or increased their position
in TGLN to 9.99% in 2012. I know I saw that somewhere.
Nothing new. Company not registered. No company. No nothing as usual.
Old new that means nothing. Just checking..thanks
http://www.insidercow.com/institution/subject.jsp;jsessionid=950ECC45B6BAD757F380BA48A47DA21F?subject=0001099234&company=GMFX
in 2010selling s
in2012 buying b
heyyyy abond.nice to see you.welcome
your post =old news..2012-01-04 ??what's new ?
Nothing new there Murmel. GGI has held 10% since 2006. And the holdings ofthe mcmachens was last reported almost 3 yrs ago. So what is your point?
2012-01-04 Amended 10.0% GOLDEN STATE EQUITY INVESTORS, TBC GLOBAL NEWS NETWORK, INC. TGLN [C]
2010-04-30 Amended 41.2% MCMACHEN ARLENE TBC GLOBAL NEWS NETWORK, INC. TGLN [C]
2010-04-30 Amended 41.2% MCMACHEN GLENN SR TBC GLOBAL NEWS NETWORK, INC. TGLN [C]
2010-04-06 New 5% 41.2% MCMACHEN ARLENE TBC GLOBAL NEWS NETWORK, INC. TGLN [C]
2010-04-06 New 5% 41.2% MCMACHEN GLENN SR TBC GLOBAL NEWS NETWORK, INC. TGLN [C]
2010-03-25 Amended 1.2% CRIST MARK TBC GLOBAL NEWS NETWORK, INC. TGLN [C]
2010-03-25 Amended 1.8% FLEMING JOHN TBC GLOBAL NEWS NETWORK, INC. TGLN [C]
2010-03-25 Amended 1.2% SCHIFF MARTY TBC GLOBAL NEWS
41,2+41,2+10+1,2+1,2+1=
96 Percene are in good hands:)
good luck Murmel0007
hh718, The only way to make money with La Jolla Cove is to invest with them or to off shore short every stock they get involved with.... they specialize in selling stock on the OTC to make their money... that's it... its called "Dillution".....
and, NFLX is out of sight
Thanks for your response, Wick. What do you make of Golden Gate/ La Jolla Cove's investment? Is it possible they have an active plan for TGLN?
the highest chance of success.
for 2013
http://www.ljcinvestors.com/index.html
good mission for tgln
murmel007, Yes, that is Golden Gate's new name basically... I think they still do some business as Golden Gate...
www.ljcinvestors.com
is this site about golden gate inv.??
hh718, I don't know what it will take to clear this one up. Fleming never responded to the SEC about his questionable issuing of shares. I think that is why MaMachen gave up and never bothered to up-date anything with the Nevada SoS. .... a real shame as Blockbuster is now streaming movies and Gamefly is doing good as well....
Stockmavin, you're probably right. There were however a few positive signs that got me to take a chance on this shell. Golden Gate Investors buying in 9.9% (though of course we can't really be sure there are 647 mil shares outstanding) is a substantial plus. The McMachens retiring quite a few shares was also a good sign. I'm still going on the theory this stock is still around for a reason. GLTA
It is a tainted pink chit. It needs to RS into a company that is actually viable with an actual product or service and a CEO and/or BOD that cares more about making a business grow and shareholder value than his/her pockets (Very rare in a pink chit). This shell probably will have to stay dormant for a while before it smells somewhat acceptable to RM into some private Co.
Step One: Change Company's name to TCB Global News Network. Step Two: the Company needs to do something Worthwhile, like solving Global Warming. Capture the CO2 and transform it into something useful, like carbon frame bicycles and oxygen... Seriously.
I just checked in here after many months. Once there was a chance for the sugar water company (the last time I owned the stock), and at one time John Flemming was trying to make this work. That time is way over. Why is this shell still here? If the value is $84,921 and there are over 424 million shares of stock, that means each share is worth .000199
If you own a million shares that equals $200. Let's put this puppy to sleep and out of it's misery. If you haven't made any money in this stock, you are not going to. Are they actually paying fees and filing reports? If not, why are they here?
You know the breakdown of shares? Must have alot of information. LOL Remember a bag of garbage, no matter how large, is still a bag of garbage.
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