Monday, December 25, 2017 4:44:38 PM
Egan likely isnt expecting to make his money back? There is a reason that Egan has kept this shell operating for years now. He has continued to file and keep the company up to date, its not to lose money. You keep claiming he is doing this to dump into the market. That makes no sense. With the terms he is giving up 70% of the company as well as forgiving over $2mill in debt. So instead of having 334million shares he will have only 22million. At the pps of .0035 before the 8k his shares would have been worth $1.169million. If this closes his shares at .02 will be worth $440k, plus hes forgiving over $2mill in debt, which puts him losing over $1.5mill here.
As for why they would reverse merge with a clean shell. Thats obvious just as many companies have done before this. It is a much cheaper and quicker process. With TGLO already current with filings, the merger can be completed quickly. If they were to IPO it would be strung out for many months if not years, as well as very costly to the company.
#TGP
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