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Yeah no kidding. There are alot bigger pos out there than this imo. This one actually better than most.lol.
To talk about a scam in a company which has 23 million shares out and then 2.3 million shares post split is probably the dumbest thing I have ever read on ihub. lol
If they RS its gonna be a 1:10 RS really small those kind dont wipe out shareholders like the triple zero pig big Rses do. I would agree with you if millions of shares were getting sold everyday and the OS was in the billions and the price was in subbyland but it isnt. You are comparing apples and oranges here. The volume just isnt there besides the day of the pump to make your theory correct nor can it be with only a 50 mil AS 2 mil or 20 mil OS whatever the real one is the float remains low.
http://www.profitspi.com/stock/view.aspx?v=price-and-chart&p=25194&i=TGFN&pv=recent-symbols&pp=TGFN#&&vs=635157414787836943
THe SEC is too busy suspending companies that dont dilute for not filing so if the company files, scam or not they seem to be letting them trade. Just gotta learn the craft and take the good with the bad.
Well, look @ it this way: you get screwed either way, if the trading does not get halted the company will dump stock and R/S until your stock becomes worthless. At least if the trading gets halted, they can't suck in more people.
People complain all the time about being screwed by scam companies, yet when it comes to stick it back to them they won't do anything.
It is a OTCQBer so doubt it gets halted. All halting does is screw the existing shareholders anyway so not sure why you so big on it.
Yeap, this was a pump and dump based on false filings by the company. Eventualy sooner rather than later the trading on this will be halted.
Yeah, the R/S is what caused it.
If it turns out that they've filed false info, then so be it, one less stinky pinky to worry about. I've emailed their accountant/legal yesterday, have them clarify the share count, however so far I haven't heard from them and I doubt they'll ever reply.
Bantering about the R/S is not what keeps investors away, what caused the bantering is what keeps investors away.
Halted if anything. Two full days of bantering about R/S isn't going to get investors.
"When the reverse split and name change are finally completed, I will own (on a fully-diluted basis) a 3.5M share stock being managed by people who don't have a history of making wild, indiscriminate share issuances. And the bulk of those shares will be held by Sam/Marni Gaer. And there are a number of groups/players on IHUB and elsewhere who like to lick their chops when they spot a low-float stock that can be pushed higher with relative ease."
What you will end up with after the R/S (assuming that it will ever happen) is stock in a company that has been filing false information for quite some time now and has a habbit to announce things that they cancel later on. They don't need to R/S to make any acqusitions, here is what they say about the R/S: The Company believes that the Reverse Stock Split may improve the price level of our Common Stock and that the higher share price could help generate interest in the Company among investors and other business opportunities. Are you kidding me? R/S so the stock price goes up? How about they run some legit business to make the share price go up? Sure they don't print billions of shares (but then how can one know, as they've been lying about the O/S for almost a year, or longer?) but then with the little shares they they print they easily make $1mil/year, all free money.
Long story short, people need to stand up and report these companies filing false information!
i think you may be right, i stand to be corrected..thx!
Reverse split is not completed. You can call the company to verify. The phone number is listed in their SEC filings.
My opinion is that when the reverse split is announced, there will be a sell off since the pump and dump was based on false information and people will sell once they realize that.
But of course, I could be wrong.
I OWN SHARES IN TGFN PURCHASED IN THE OPEN MARKET.
Traderfan...reason for the split.....
So they've been playing the R/S game for a long time now.
Well, report them for: False or misleading statements about a company (including false or misleading SEC reports or financial statements)
http://www.sec.gov/complaint/tipscomplaint.shtml
wow! what a POS...now, i believe they may take it to doubles...criminals!
either this is going to be HALTED or going to $$$S, one of the two, i like my odds!~imho!!!!
love it! agreed 100%...can you share why...
actually, almost a year, from December 31, 2012 to present..AMAZING!!!
ok, this is becoming more confusing..are the below same or different R/Ss..amazing!..tia....
The Board of Directors authorized a reverse split of 10 to 1 of its Common Stock, effective December 31, 2012 immediately prior to authorization of the Material Definitive Agreement.
then
On April 15, 2013 the company filed a Definitive 14C for the purpose of changing the Company’s name and effectuating a ten (10) to one (1) reverse split of the Company’s common stock.
What brings me to whole different question. Why does a company with 23 million shares out want to do a RS 10-1??
TallTrader...reverse split not completed.....
Interesting, so the company has been filing false numbers in regards to the share count for several months?
The split has not happened. I have a had my shares since 12-17-2012 and no such split has occured. Hasnt even hit the daily list yet. 1 for 10 split on a low floater not bad anyway if you get in at a decent price. Doing really well on a few this year RAFA and HOTF to name a few.
could be wrong, BUT, why would the share price would go down the same percentage as that of the R/S, the date of the R/S..the R/S has happened! however the process of change of the name has not, apparently....oh! well, we will find out soon....
So your opinion is the same as mine, that the reverse split has not been completed. Correct?
WOW! thank you very much, sir!
TGFN...reverse split controversy.....
sound plan! GLTU!
eh like i said, i expected a bit more from psycho, oh well. hopefully they have something up their sleeves.. I might buy some more if it starts showing it will run. Right now it looks like a stalemate to me and doesn't plan on doing anything that would put me in the lead ;P I have 10k shares at .04 from earlier today and i dont plan on selling them just decided to grab a few shares just to see what happens but if it does run ill probably go in for a couple hundred K shares.. otherwise APS play it is! ;)
LOL!,...true! averaged down a LIL..oh! well it is a CASINO & i am pretty comfortable @ these levels...we shall find out soon!
well i sure dont see you selling your .035s for any profit lol
u still think u can get your .01s!?
I have no idea why they show those shares outstanding. I don't know why Yahoo shows the reverse split. All I know is that the reverse split has not been completed per the OTCBB website. And for TGFN to have 2.3mil shares out, that must be completed.
Again, I may be wrong. The OTCBB website may be wrong. I have no idea.
BUT, this happened to me before and I showed you the proof. You can look at those links and see that the company posted incorrect info in their SEC reports, then later completed the reverse split afterward.
Hopefully I am wrong.
Why don't you call the company and tell them you are a shareholder and want to know if the reverse split has been completed.
GLTY
I OWN SHARES IN TGFN PURCHASED IN THE OPEN MARKET.
expected a bit more from the psycho stock pump.. oh well they usually aren't that great anyways :P
Both otcmarkets and otcbb have the correct number ... assuming that the number has not canged since.
TT, but on otcmarkets there is the correct O/S number listed, the same one than in the filings.
lol! yes drank some 3!...the R/S scare, we shall c....
I'm sure you'll have the same "opportunity" in the .01s soon enough
.035, pANIC selling, an OPPORTUNITY for me!
it went from .11 to .01 and it is NOT enough for you, WOW! OK! then, SELL! somebody will BUY it!!!!
Whelp that's the end of this run lol
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