Trans Global Group Inc (TGGI)

[87 LC2]

Also on page 5. the field “Stock Subscription Receivables”. Had to look this one up. Definition below for those that are interested.

What is Stock Subscription Receivable? The Company records stock issuances at the effective date. If the subscription is not funded upon issuance, the Company records a stock subscription receivable as an asset on a balance sheet.

What Is Subscribed? Subscribed refers to newly issued securities that an investor has agreed to, or stated his or her intent to, buy prior to the official issue date. When investors subscribe, they expect to own the designated number of shares once the offering is complete.

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