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People are willing to throw a hundred bucks on delivery or spend a 300-500 bucks in a casino but won't buy shares in this because it's too risky. I agree that people should hold a small position regardless of the outcome, considering the odds of this merger actually working are higher than the odds of making a couple thousand bucks off of ordering chicken or playing the slots, and considering that this is probably the most legit penny play on this website, at least from what I can see through all the DD. JMHO
Yea I agree! .30s are probably where we're headed!
I agree that the ticker symbol change will mean blast off!
I don't see this going to dollar land until the merger is confirmed considering paying 1$ per share for a bet gets pretty expensive quickly. Maybe stagnate for a bit in the .30s but anything higher than .40 is wishful thinking AS OF NOW. Jmho but doesn't matter if you're long, as am I
Here we go! HODL
It's supposed to mean that a big change is coming.
What % of the shells did they own?
Sorry, let me rephrase: If I own 100% of a company worth 100$, sell off 30% of it through an IPO, I make 30-100-pick a number$ and I still own 70%... etc.
There just doesn't seem to be an advantage to merging into TGLO other than time constraints or maybe they think that they can get a higher price per share through a merger and by getting directly on the secondary markets instead of passing through underwriters? (It's a very, very long shot but maybe.)
You guys are missing my point entirely. If I own 100% of a company worth 100$, I then sell 30% of it, I make 30$ and I still own 70%, which is way more advantageous than if I merged 100$ in assets inside a company that I only own 70% of, I now automatically only own 70$, without even having sold any shares. Now multiply that by an multiple you think TGLO will be at on the secondary markets, doesn't change a thing.
Feel free to correct me by doing the math and not just saying that I'm wrong.
Someone does before the IPO.
You forget the option : 100% of 2.
Yes in more than a month!
600 million seems kind of high in comparison to a normal IPO.
They could put 10% and we'd still be good.
Gap down
I put the link to the article at the bottom of my last post but here you go:
When hearing news stories about illegal insider trading activity, investors usually take notice because it's an activity that affects them. Although there are legal forms of insider trading , the better you understand why illegal insider trading is a crime, the better you'll understand how the market works. Here we discuss what an illegal insider is, how it compromises the essential conditions of a capital market and what defines an insider.
What Is It and Why Is It Harmful?
Insider trading occurs when a trade has been influenced by the privileged possession of corporate information that has not yet been made public. Because the information is not available to other investors, a person using such knowledge is trying to gain an unfair advantage over the rest of the market.
Using nonpublic information for making a trade violates transparency, which is the basis of a capital market. Information in a transparent market is disseminated in a manner by which all market participants receive it at more or less the same time. Under these conditions, one investor can gain an advantage over another only through acquiring skill in analyzing and interpreting available information. This skill is based on individual merit and awareness. If one person trades with nonpublic information, he or she gains an advantage that is impossible for the rest of the public. This is not only unfair but disruptive to a properly functioning market: if insider trading were allowed, investors would lose confidence in their disadvantaged position (in comparison to insiders) and would no longer invest.
The Law
In August 2000, the Securities and Exchange Commission (SEC) adopted new rules regarding insider trading (made effective in October of the same year). Under Rule 10b5-1, the SEC defines insider trading as any securities transaction made when the person behind the trade is aware of nonpublic material information, and is hence violating his or her duty to maintain confidentiality of such knowledge.
Information is defined as being material if its release could affect the company's stock price. The following are examples of material information: the announcement that the company will receive a tender offer, the declaration of a merger, a positive earnings announcement, the release of the company's discovery such as a new drug, an upcoming dividend announcement, an unreleased buy recommendation by an analyst and finally, an imminent exclusive in a financial news column.
In a further effort to limit the possibility of insider trading, the SEC has also stated in Regulation Fair Disclosure (Reg FD), which was released at the same time as Rule 10b5-1, that companies can no longer be selective as to how they release information. This means that analysts or institutional clients cannot be privy to information ahead of retail clients or the general public. Everyone who is not a part of the company is to receive information at the same time.
Who Is an Insider?
For the purposes of defining illegal insider trading, a corporate insider is someone who is privy to information that has yet to be released to the public. If a person is an insider, he or she is expected to maintain a fiduciary duty to the company and to the shareholders and is obligated to retain in confidence the possession of the nonpublic material information. A person is liable of insider trading when he or she has acted on privileged knowledge in the attempt to make a profit.
Sometimes it is easy to identify who insiders are: CEOs, executives and directors are of course directly exposed to material information before it's made public. However, according to the misappropriation theory of insider trading cases, certain other relationships automatically give rise to confidentiality. In the second part of Rule 10b5-2, the SEC has outlined three nonexclusive instances that call for a duty of trust or confidentiality:
When a person expresses his or her agreement to maintain confidentiality
When history, pattern and/or practice show that a relationship has mutual confidentiality
When a person hears information from a spouse, parent, child or sibling (unless it can be proven that such a relationship has not and does not give rise to confidentiality).
Partners in Crime
In insider trading that occurs as a result of information leaking outside of company walls, there is what is known as the "tipper" and the "tippee". The tipper is the person who has broken his or her fiduciary duty when he or she has consciously revealed inside information. The tippee is the person who knowingly uses such information to make a trade (in turn also breaking his or her confidentiality). Both parties typically do so for a mutual monetary benefit. A tipper could be the spouse of a CEO who goes ahead and tells his neighbor inside information. If the neighbor in turn knowingly uses this inside information in a securities transaction, he or she is guilty of insider trading. Even if the tippee does not use the information to trade, the tipper can still be liable for releasing it.
It may be difficult for the SEC to prove whether or not a person is a tippee. The route of insider information and its influence over people's trading is not so easy to track. Take for example a person who initiates a trade because his or her broker advised him or her to buy/sell a share. If the broker based the advice on material non-public information, the person who made the trade may or may not have had awareness of the broker's knowledge - evidence to prove what the person knew before the trade may be hard to uncover.
Excuses, Excuses
Oftentimes, people accused of the crime claim that they just overheard someone talking. Take for example a neighbor who overhears a conversation between a CEO and her husband regarding confidential corporate information. If the neighbor then goes ahead and makes a trade based on what was overheard, he or she would be violating the law even though the information was just "innocently" overheard: the neighbor becomes an insider with a fiduciary duty and obligation to confidentiality the moment he or she comes to possess the nonpublic material information. Since, however, the CEO and her husband did not try to profit from their insider knowledge, they are not necessarily liable of insider trading. In their carelessness, they may, however, be in breach of their confidentiality.
Bottom Line
Since illegal insider trading takes advantage not of skill but chance, it threatens investor confidence in the capital market. It is important for you to understand what illegal insider trading is because it may affect you as an investor and the company in which you are investing.
Wrong. Anyone on the board of directors using a HF to buy TGLO shares because of information not yet disclosed to the public is illegal insider trading, regardless of plans to sell the stock or not.
In August 2000, the Securities and Exchange Commission (SEC) adopted new rules regarding insider trading (made effective in October of the same year). Under Rule 10b5-1, the SEC defines insider trading as any securities transaction made when the person behind the trade is aware of nonpublic material information, and is hence violating his or her duty to maintain confidentiality of such knowledge.
Information is defined as being material if its release could affect the company's stock price. The following are examples of material information: the announcement that the company will receive a tender offer, the declaration of a merger, a positive earnings announcement, the release of the company's discovery such as a new drug, an upcoming dividend announcement, an unreleased buy recommendation by an analyst and finally, an imminent exclusive in a financial news column.
Read more: Defining Illegal Insider Trading https://www.investopedia.com/articles/03/100803.asp#ixzz55v7N0C5f
Wouldn't that be trading with insider information?
Not crying, we get to buy more cheapies!
.135 here we come
And this is when the filings drop... right about now... anytime now... anyone?
If info is posted in 3 months to one year, we are in for a rough one!
What's going on? lol did I miss something other than the link to Nasdaq IR?
Just bought some loll crossing my fingers
Yea, very true... I'm looking for other penny plays, I'll check out what you guys are suggesting.
Agreed. This will go down in the .09 at least!
Something fishy is going on in TGLO, every time I post something along the lines of ''TGLO is not a sure thing'' it gets deleted for being off-topic by the admins yet people are talking about drinking margaritas on the beach and nothing happens.
R/M is not inevitable. It says it right there in the filings. They say it's a possibility, not a certainty!
Ikea!
Yea I know ahaha your average is around .09 but still, I have to give you credit loll hope you get those milions!
You either have balls of steel or a lot of spending money my friend. Dropping 16,000$ just like that ahaha
Yea, but all I'm saying is that waiting for this to go lower before buying would be wiser. And this is coming from someone who isn't necessarily going to buy more shares. We can both agree that buying in at .16 and seeing it drop to .09 is stressful. A merger isn't 100%, and if we don't get news soon-ish, it'll go to .09 and lower.
No, but I would rather it be the other way around. People are impatient and get scared, hence they will sell, allowing us to buy for cheap.
I would wait. Without any news, this is going in the .9 or less range.
I have a feeling we are going to see around -5% everyday until we get some news.
There has been no official statement as to if they will even attend the one in February or the one in March as far as I know.
Good, putting that date on my calendar! Hopefully we'll see $$$ signs!
No, just some guys on the board but turns out it was 30 days!
Oh okay no problem! Thank god I didn't spend hours trying to look it up then! Can't wait for that February filing, looks like some people (Xl175) are saying it doesn't even have to be 30 days!
Maybe I misunderstood something...