Trans Global Group Inc (TGGI)

[stockinvestor01]

Matt explain to shareholders where this other preferred shareholder came from that converted to 300 million common shares? According to the Q3 filing, there was only you and someone else who already converted in Sept. Now there's this new person who converted this week? How many more 'new' other preferred holders are going to appear and dump when there's news or a tweet?

From the Q3 filing:
Preferred Stock: 1,275,000 Shares Outstanding
Number of Preferred Shareholders of Record: 2

Matt had 1,250,000 preferred shares.

Another person had 25,000 preferred shares which could convert to 250,000,000 shares. Per the Q3 filing, Matt struck a deal to have the shareholder convert to only 200,000,000 which were promptly added to the O/S, which I confirmed with the TA, and then dumped in the market in Sept.

From the Q3: On September 26, 2017 the Company received notice from a Preferred shareholder seeking to convert his 25,000 shares of Preferred stock into shares of Common stock. The 25,000 shares of Preferred were originally issued in 2009, the holder agreed to a reduced conversion amount and a leak out agreement to
preserve the market. The Company has yet to receive any paper work for this conversion. The remaining shares of Preferred are owned by our CEO and he is not converting any of his shares into share of Common stock for at least one (1) year.

Now, this new 'other' Preferred shareholder, not mentioned in the Q3, has appeared and converted their preferred shares to 300 million shares which were added to the O/S, which I confirmed with the TA and then dumped into the market this week. Matt referred to this transaction in a tweet yesterday.

$TGGI - The Sky is not falling and shares are not magically being issued and sold out the back door of the company. People need to come in off the ledge and remember they are not the only shareholders in the Company. I have attached an explanation of the share increase. pic.twitter.com/N2cWn1ZuTK

— Trans Global Group (@transggi) December 12, 2017

Where on earth did this new preferred shareholder appear from?