is...retired
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There is no connection between TGGI and BDCI, except ownership of BDCI stock. And the same CEO of both. SO, BDCI 'news' is not relevant to TGGI.
It has nothing whatever to do with TGGI.
The only connections between BDCI and TGGI are that TGGI has 100M shares of BDCI - and Matt is CEO of both.
If BDCI stock increases in value, the value of the stock TGGI holds will increase. TGGI still has no revenue, and no way to create revenue. No products. Thus, there is no reason to expect TGGI's stock value to increase.
Huh? What stock? You can't buy stock with stock...duh...
Of course repurchased shares come out of the float. Where else would they come from??? There will first be an SEC filing, if it is to proceed. There are SEC rules governing how much they can buy in a given day, when they can buy, etc. And, a repurchase is ALWAYS at market price of the day.
The repurchased shares go into the treasury, or can be retired.
Before the acquisition of the device can happen CC will have to complete it's RM with BDCI. THEN, BDCI will have ownership of the device. THEN, a deal can be made to 'purchase' the device with 'some' of the BDCI shares.
There has not yet been a filing to reverse merger, so that is off in the future some time. And even that is not a sure thing.
The best plan for now is to simply wait until they actually DO something useful.
Clearly, YOU don't understand what it takes to do an RS. It is perfectly legal, and is how most of the pinky market works. There is NO restriction against a pink current company performing an RS. Period.
Your fake hint that you know something that isn't in the filings means it is nothing but hot air.
All it takes is for TGGI to file an 8K of intent to perform an RS, and wait for SEC approval, and then it can happen. Same with increasing the AS.
Your standard response. All you have to do to see the 'truth' is read the same prs and filings I have read. There is ABSOLUTELY nothing to increase TGGI in value until something new happens. There is zero revenue, and the bank account is zero. It is STATED in the last fins. All you have to do is READ IT.
If you are asking me, it means it has not happened yet. Supposed to happen in Q3, but nothing has been announced yet, so it has not happened yet. And that 100M shares of BDCI will drop accordingly, so assets will drop, and there will be a device that is, as yet, unproven. No slam dunk there.
Yes, that is the 100 M shares times the price at the time it was calculated. It's 5.37 M now.
There has been no notification that TGGI has ANY ownership of the so-called device. So, until it is announced, TGGI has nothing other than shares of BDCI.
Yes, they CAN RS if they choose to. All pinkies can RS, and most of them do. You will not know it is coming until you see the filing of intent. Remember, the RS doesn't affect your stock value, only the number of shares is decreased, but the value is increased by the same ratio. But in most cases, the stock price tanks around an RS, so you usually do lose money in the process. My rule is to never have ANY stock during an RS.
The OS is simply the number of shares in circulation. The AS sets the number of shares available, and that can be changed easily. For example, the AS could be set to 10 B, then there would be 2 B more shares to sell. Most companies do that to take in additional cash, sometimes to fund an acquisition, etc.
So, don't ever think a pinkie can't RS, or increase its SS. It is legal, and is done all the time. (By CEOs that say they won't until they do it.)
The device won't cost all 100M shares. Reread the PR. SOME will be sold, but probably not on the market. Remember, Matt is CEO of both companies. He can make any kind of legal deal he wants with himself.
Well, I have 25M shares, which means I expect to make something on those shares. However I bought most of them on a different business plan. The plan has changed, and I probably would not buy shares if I didn't have them already. I don't see any way for TGGI to make any money at this time, so it is a matter of waiting to see what's next.
The so-called 'device' is not a guarantee of profit, and it will take away BDCI stock to buy the device. Then it has to be finished, patented, made ready for mass production, etc. Having been in business for decades, it takes a lot of money to go from a prototype to a profit.
I did not say that he had received those shares yet. But if you read the BDCI quarterly, it states that he WILL receive them. And if the OS is increased by 100M shares, that will obviously dilute existing shareholders - TGGI's share would drop from over half to about 1/3.
Don't forget - Matt is CEO of both companies...he can pretty much arrange things as he wants.
And, TGGI has 100M shares out of 192,687,610. That is over half, and is thus a controlling interest. But more interesting, Matt is slated to receive an additional 100M shares...which can only dilute the rest of the shareholders.
No truth? Read the financial filing for the previous quarter. Zero revenue, zero cash. No prospect of making money until and unless something changes.
Note I did not say there WILL be an RS, I said it is possible. That in response to your repeated statement that no RS is possible. Of COURSE it is possible. The AS is set by the company - and it could be increased at any time, which would let them sell more shares.
Anyone that doesn't realize this is fooling themselves. There are thousands of companies in pinky land, and very, very few ever get out of it profitably.
Faith is for the religious. Facts work better in stock trading. The pink market very model is to sell shares, reverse split, and repeat. Just because someone says they won't do one, doesn't mean they won't. With an OS almost 8 billion shares, it is entirely possible.
Companies burn through cash in order to keep their doors open. TGGI has exactly zero cash. There is exactly zero revenue.
There is exactly NO REASON to expect TGGI to take off. And, it probably will stay where it is, bumping along the bottom of the stock market until there is some revenue filed in the fins.
Not true - the SS can be expanded, and they CAN do an RS. Don't ever believe a stinky pinky can't do an RS...they do it all the time.
Cannabis consortium is in NO WAY associated with TGGI. It is associated with BDCI, ONLY.
Those 'assets' are the combined market cap of TGGI and the value of the BDCI stock currently held. Hardly 'massive'.
Well, there is ONE connection that observant readers should have noticed by now...Dwyer is CEO of both BDCI and TGGI. Dwyer arranged to get 100M shares of BDCI for TGGI, and ANOTHER 100M shares for himself...
BDCI is NOT a subsidiary of TGGI. They are completely independent, but TGGI has 100M shares of BDCI.
The company can increase the SS, sell more shares, and RS if they want to. Nothing stopping them except a statement that they won't do that. But of course, all the pinkies say that until they do it.
The statement is misleading, because they CAN do whatever they want to do.
I don't see negative - I see what is filed. That is what the company says, and that is the only thing you should consider. Everything else is fluff. Don't connect dots that don't connect. Learn to read filings and remember that they make them sound as promising as they can without lying. They are always grasping for success, but few find it.
If you set your expectations too high, you will always be disappointed. If you read facts, and don't embellish them in your mind, you might do ok.
TGGI obviously has nothing going on right now. Nothing. When they file that they are making some money, the outlook will change. Right now, it is simply sit tight and wait for them to start making money, or move on.
As I read it, TGGI has zero cash, zero revenue and a delinquent company. Matt has been funding TGGI out of his pocket.
The relationship with BDCI has been severed. However, Matt is CEO of BDCI as well. BDCI appears to have a promising business plan, but TGGI has nothing of substance currently, and it is not clear if/when it will have.
Lastly, BDCI is granting Matt 100M shares of common stock, which is equivalent to the amount owned by TGGI. So, TGGI will no longer have a controlling interest in BDCI.
Speaking of reading comprehension...
There is no device yet. It isn't even ready for production, nor is it patented. BDCI stock will be sold by TGGI to buy the device, which means the assets will be shrunk to do so. More money will be needed to finish it and patent it. TGGI's future is apparently tied to the success of this device, although it appears that IGPK will be selling it. IGPK is wholly owned by TGGI. IGPK is years delinquent in filing, and has zero revenue at this point. TGGI also has zero revenue. There is a dispute with OTCMarkets about getting IGPK current.
What looked like a good business plan in 2017 is now completely different. There is no relationship with BDCI except ownership of 100M shares of their stock.
All in all, the quarterly report simply says that things may start happening in the next quarter. Or not. Just like most pinkies.
Pretty simple...TGGI has stock in BDCI, and the value of that stock should increase as revenue starts coming from CC.
That stock is the basis for TGGI to move forward with things such as stock buyback, getting the device(s) under TGGI ownership, etc.
All should become clear with the coming fins.
When this was announced, TGGI got shares of BDCI, BDCI got control of CC, and it was announced that the revenue from any devices invented by CC would be shared by BDCI and TGGI.
Now, it has been announced that CC is going to RM (reverse merge) with BDCI in order to become a public company.
What's not to understand?
Don't be silly...TGGI has no revenue.
No one is shorting trip zero stocks, period. Your broker probably will not even permit it.
That is a silly notion - NSAV has not done anything that would interest the SEC. Report actual violations, not suspicions.
In 2015, there was a different CEO, and a different company business plan. JT became CEO just last year, and has been getting the 'new' company out the starting gate - slowly, and with misstarts, but the business plan still looks viable.
JT got the company current in 2017, and will get it current again, when the groundwork is complete. Too bad JT has not hired a competent accountant firm to get things right and keep them that way.
That is not fins - it is a request to DELAY filing. Read much?
I agree that is what was stated. But many other things were stated in the last year that still have not happened. When the quarterly and annual reports are filed, and the stop sign gone, then I will believe. Until then, it's like everything else that is 'going to happen', but never does.
That proves that JT knows how to file properly. There must be a reason we have seen no NSAV fins since 2017Q3...
What you said is that the annual report was filed. I said it is not filed until the financials are included. At most, it is a partial annual report. How can you continue to defend that filing as the 'annual report'? Go to OTC and READ what an annual report includes. It includes the FINANCIALS for the quarter/year. Without financial information, it is little more than fluff.
You do realize that won't do anything to remove the stop sign, right? The fins must be released for 2017 AND 2018Q1 before that stop sign will come down. Filing 'company information' without fins is worthless.
Your statement was wrong. The 2017 annual report is NOT complete! Why on earth do you think the STOP is on it? It has been there since he missed filing the annual report.
That's not the point. The point is that 2017 is not filed yet, because without the fins, the year end is not complete. That's why it's at pink stop. So, 'year end' is NOT DONE YET! Annual 2017 was due by March 1st. And Q1 was due April 15th. It is AUGUST now. Q2 is due by August 15th...
Annual reports are due within 90 days of end of fiscal year. Quarterly reports are due within 45 days of quarter end. NSAV's fiscal year ends at the end of December.