Monday, February 02, 2015 10:59:09 PM
"The reductions were made without the issuance of additional shares of the company's common stock or its preferred stock. The Company did exchange 100% of its ownership in its subsidiary company f/k/a Rollings.Com for $101,526.96 debt cancellation. Chris Clarke, the Company's CEO states "When I became CEO in 2012, the long-term debt was over $750,000 and because of interest accruing, the long-term debt and interest total grew to over $980,000 by 2013. It has taken me three years, but I have finally ended this toxic debt issue and the Company's long-term debt stands at $56,000 with NO interest accruing."
Trans Global Group, Inc. and International Green Building Group, Inc. have mutually agreed and executed a rescission agreement to rescind their Securities Exchange Agreement executed in June of 2014."
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