is...retired
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
No, he did not file fins for 2017 yet. That is why it is at pink stop...
There is really nothing to 'pop'. IGPK is a dead shell with no business, and no filings for years. CEO's plan is to START a business with it, after he gets it current. There is absolutely no reason to 'invest' in a company that doesn't even have any business at all.
It isn't progress until it's done. Until then, it is just more promises...
If you think that, you simply do not understand how the stock market works, and more, you don't understand what market makers do.
MM's respond to shareholders requests to buy or sell. The buyer/seller either buys/sells at market, or sets a limit. Your broker hands your order off to mm's. MM's are fully automated, and the first to fill an order gets the commission. There are NO MM's sitting watching trip zero stocks and manually manipulating prices - they have to have an ask/sell and set it as far apart as they can, and still be able to fill orders. If one MM sets a buy/sell and another can beat it with a different ask/sell, he can change his ask/sell to get the order and the commission.
MM's don't pay commission on trades as we do. But in order to fulfill an order for a buyer, the MM may have to get shares from multiple sources. The commission for the MM means fractured transactions, resulting in small orders in some cases. Last year, for example, I bought 1M shares of a stock, and got it in two tranches - one for 999,999 and one for 1. Someone not knowing how MM's work would be asking why they would do a trade for 1 share of stock. The answer is that is what it took to fulfill the order.
There may be hundreds of buyers and sellers at any given moment...and those orders have all manner of ask/sell on the part of the shareholder. MM's must FIT what SHAREHOLDERS request if they can.
Bottom line, it is whales with lots of shares of stock that do the manipulation. They can have buys and sells on the very same stock at the very same time. Hell, even I do that. If the price drops to my ask price, I get the stock. If it raises to my sell price, it sells. BUT, the selling is done on lots that cost a lot less when I bought them. MM's have nothing to do with it...they are brokers, and just get er done.
The transfer agent has been there since 2013. IGPK is simply an empty shell with no filings since 2015, no pr's since 2014 and is at pink stop. There is no business, no revenue, and at this point, no business plan.
We are awaiting TGGI's fins in mid August to explain what is going on with IGPK. The first thing will be to get the 3 years of missing fins updated and get the company current on OTCMarkets.
Sure...short volume is not short interest. Has nothing to do with shorting the stock...and no one, and I mean no one, would ever short a trip zero stock...You'd have to put up a million dollars to gain 1000 dollars...
We can't sell BDCI shares on the open market yet. But that does not mean TGGI can't make a deal which involves TGGI, BDCI and an unnamed third party. If TGGI wanted to sell, say, 50M shares, and could find a single buyer what would agree to not sell (as TGGI has) then a sale could be made to the third party with BDCI blessing.
The 1% stipulation is to prevent share dumping, which would hurt the share price.
From Matt's description, that is what I think is happening. He didn't say he was selling shares back to BDCI, and they probably don't have the cash anyway. But a third party could very well be involved.
Yes, that is the dividend from NSAV 10%, as named in Etrade. It will become NSAV when the restriction is lifted. The restriction 'could' be for one year from when you received them. Otherwise, you will have to ask the TA when the restriction is to be lifted.
Ask your broker, and the TA. It is between them.
The dividend does not contribute to dilution...at least for those that got the dividend. It is only when new shares are added to the float that dilution occurs -
Nothing has changed in my opinion...
There is a business plan, but there have been some snags and changes along the way. It is pink current and has no debt, with a $6M asset in BDCI stock. I don't know of any other pink that can say that. As the marijuana businesses pick up, something good is likely to happen.
I can't put a schedule on it, but I certainly wouldn't bet against it - meaning I'm keeping my 25M shares for the foreseeable future. I will sell 5M if it hits 500% gain, which I think it will do. That will get my full 'investment' back, and the remaining 20M will ride free as long as the price keeps improving.
I don't know about a reduced price...For BDCI, it would look like a share buyback, which is always at market price. In any event, for TGGI to get cash enough to actually do something, BDCI would have to be involved in the sale of those shares.
You need to reread Matt's plan. He is not giving up 100M shares in exchange for this device. He is selling SOME of those shares back to BDCI.
The 'device' does NOT belong to BDCI.
The 'device' belongs to Cannabis Consortium, a private company. TGGI wants to turn in some of its shares of BDCI TO BDCI in exchange for cash, which will be used to get 'control' of the device, finish the design, get the patents, etc.
IGPK hasn't filed since 2015...there is a lot to do to satisfy OTCMarkets. Don't expect anything very soon.
You have no idea whether he lied or not. Business takes time, and plans change. But - see ya!!
Holy crap, TGGI doesn't have a million dollars! You keep saying that, but it is not true. TGGI NEEDS some cash (to develop the device) and is planning to get it through BDCI shares, as Matt wrote last Friday.
Private placements are for private companies, since they don't have publicly traded stock. They get a percentage of the company instead of shares.
You guys all need to understand that what BDCI and CC do is not part of TGGI's business, EXCEPT that TGGI holds shares of BDCI.
Look, if you have that interpretation, that's fine. I don't. When BDCI 'bought' TGGI's interest in CC, they probably already had a plan about the device's future. All we are seeing now is the business plan being put in place. If you go clear back to April's PR, you will see that was the plan even then.
Quote:
Although TGGI has a deal with Cannabis Consortium and will generate revenue from the sales of the device through Cannabis's outlets, TGGI needs to control its own destiny. These new assets will give TGGI the ability to book its own revenue, increase its asset base, as well as the flexibility to complete its share redemption without relying on any one company.
Mindless speculation about what is happening is what got so many people in trouble with tggi. In any event, I go with what the company says, not what ihubbers say. Read the filings and pr's for the last 9 months, write down each thing that has happened, and the story will be evident.
The device is not BDCI's - it is CC's, and that is a private company. But it isn't even fully developed yet, which is what TGGI says it intends to do.
And THAT is irrelevant if BDCI buys back its own shares from TGGI, which is what it sounds like is happening. That 1% restriction is for selling into the open market, where a sale of 100M shares could tank the stock price.
Yes, and TGGI GAVE CC to BDCI in exchange for 100M shares of BDCI. That was the deal. Whatever BDCI and CC do now will merely reflect on the share price of BDCI, and thus the asset value of the shares TGGI owns.
Go read bdci's press releases. But whatever they do has nothing to do with TGGI. TGGI is merely a shareholder in BDCI, just like we are shareholders in TGGI.
The point is that the loan has nothing to do with TGGI. Why post it here?
Read and understand that PR. TGGI can't sell those shares on the open market, but they CAN sell them back to BDCI, which is exactly what it says.
TGGI has no such building. Please stop posting nonsense.
Better recheck that math...BDCI shares are not at $.50 yet...
Why on earth would you be talking about a buyback at this point. Dwyer already SAID he needs money to continue the business plan. A buyback is purely a shareholder move, made with money that is 'spare'. TGGI has no 'spare money'.
IGPK still at pink stop.
No buyback happening yet. Illegal, until an 8K is filed with Finra/SEC.
TGGI has exactly ONE company - IGPK. And it has no known business plan and no revenue. It is essentially an empty public shell company, and even that is not owned 100%.
TGGI has SHARES in BDCI, but not voting control.
That is not exactly correct. TGGI has no debt, and has over $5M value in shares of BDCI. Not many pinkies have no debt, fewer yet have millions of dollars of valuation.
The impatient will not prosper with a company that is in the process of building itself up.
Also, TGGI has about 2B shares in paper form, that are not trading. They are trying to get those back and retire them. And, TGGI has not SAID it had any revenue, so we should not expect revenue - that will come later.
There was no bad news released. Nothing about that release was not already said by Dwyer. It was people on this board talking about $100M valuations that drew expectations completely out of whack. I, for one, kept saying to wait for the fins in August before making such claims.
All Dwyer's update did was set things back on track of where he had always said TGGI was going. Nothing has changed. Again, there was no bad news - but there were hugely broken dreams. You don't get rich on trip zero stocks, period.
Look back at the PR's that Dwyer released. The last one was in April.
April Press Release
The only thing that he didn't cover was that the ticker is IGPK.
Now, BDCI has issued many PR's. But TGGI is simply a shareholder in BDCI, we don't run their business. All those press releases did was pump up shareholders of TGGI. Again, TGGI didn't make those projections, people on this message board did. That is called connecting dots that don't connect.
The only real disappointment for me is that BDCI couldn't get that share price up to where TGGI wanted it to be, so the valuation is lower than expected. So, Dwyer announced that he is selling some portion of the 100M shares back to BDCI so he can have some cash to continue building the company without borrowing.
I am sure. He SAID he needed a cash infusion to finish developing the device. He SAID he was going to get that cash from BDCI. The way it is worded makes me think that BDCI will actually buy back some of its own shares, thus not being subject to the 1% stipulation.
No, it is not to buy back shares. It is to build up the business. Buybacks are for shareholder benefit only - that is AFTER there is money to spare.
They aren't simply 'returning shares' to BDCI. They are selling part of them for a cash infusion that TGGI needs to continue with its business plan.
100,000,000 X .055 = $5.5M - so that is the value of that investment.
"TGGI would seek a cash infusion as part of the deal and will have to return a significant portion of the shares of BDCI as part of the exchange.
The large amount of stock looks nice on the balance sheet, but does nothing to move the Company forward."
Translation: TGGI will sell part of its BDCI stock in return for cash.
"TGGI would finish development of the device file all the patents under its own name."
Translation: The money will be used to finish development of the device, get the patents, and market them to businesses."
I think Matt is disappointed that BDCI stock has not risen as fast as wanted, but he can't just sit and wait for the stock to rise, so he is going to sell some and move the business forward.
I think the device may be a 'vape' machine for cannabis.
TGGI hasn't posted anything since April. It is posters here that connected the wrong dots. BDCI is the company that has been pouring out PR's - lots of them.
People here STILL have not paid attention to what was actually posted by these companies, and THAT is the ONLY thing they should be basing their stock trades on.
It is a public company, thus it must follow the SEC rules. All you have to do is read the rules to know what is a significant event.
SEC 8K rules
Thanks, Rocker...
I still have my 25M shares, which I consider a reasonable holding on a potential 10-bagger. And I can afford to wait. Of course, it is a new company with a new marketplace, but I still think it's a 10-bagger, thus I wait for it to happen.
Actually the CEO cannot buy or sell shares while not current. Period. And the company cannot buy back shares without an 8K filing saying it is approved. So - duh, anyone that knows the public company laws knows that no shenanigans are going to happen or are happening.
No buyback, no nuttin, until an 8K filing saying differently.
Easy. Just look at the reasons an 8K must be filed. Anything that affects the stock price requires an 8K. A buyback would be such an event. It is called 'a significant event', and requires a filing.
Of course, anyone can, if interested, learn what significant events are.
Actually, he is simply setting the record straight - not what all the dreamers and pumpers were claiming. Building a company takes time. You almost always don't become profitable in the first year.
If you go back and read the pumps of the last few months, they were projecting 100's of millions of dollars of profit by stringing together dots that do not connect. All Matt has done is tell people to stop it - there is nothing YET to be happy about.