TRON Group Inc (TGRP)

[adijas]

10Q out. This is weird

'We are a holding company and have no principal business. We are currently seeking new business opportunities with established business entities for the merger with or acquisition of a target business. In certain instances, a target business may wish to become our subsidiary or may wish to contribute assets to us rather than merge. We have not yet begun negotiations or entered into any definitive agreements for potential new business opportunities, and there can be no assurance that we will be able to enter into any negotiations or definitive agreements.

Any new acquisition or business opportunities that we may acquire will require additional financing. There can be no assurance, however, that we will be able to acquire the financing necessary to enable us to pursue our plan of operation. If our Company requires additional financing and we are unable to acquire such funds, our business may fail.

We have never declared bankruptcy, been in receivership, or involved in any kind of legal proceeding.

We do not have any subsidiaries.'

So how does that match with the PR's you posted few days ago, where he is talking about 400.000 subscribers?
'It aims to increase its subscriber base to three million in the next five years, from the current 400,000 (which represents 10 per cent of the MVNO market share in Malaysia).'