Trans Global Group Inc (TGGI)

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Interesting stuff here.


ByJim BloomWritten Post on October 30 2021
COMMENTS
The US stock market had a great week, with major indices fluctuating near their all-time highs, while the OTCQX Composite, which tracks 400 OTC companies, including one that we’re about to discuss, returned above 1,600 points. Although, you wouldn’t think that as most OTC stocks have been lackluster performers lately.

Economists expect the Federal Reserve to start tapering the bond-buying program in November, although the move has been already priced in.

On Friday, official data showed that wages and salaries surged by a record 1.5% last quarter after increasing 0.9% in the April-June period. They were up 4.2% year on year. The COVID-19 pandemic has caused an acute shortage of workers, with 10.4 million job openings at the end of August.

Sarah House, a senior economist at Wells Fargo, said:

“While we expect wage growth to slow over the second half of 2022, as more workers return to the jobs market, the near-term pressure on labor costs will keep inflation elevated over the next few quarters and make it difficult to settle back to the Fed’s 2% target anytime soon.”

The substantial wage growth and accumulating savings will support consumer spending, and that will benefit the stock market as well.

Consumers accumulated at least $2.5 trillion of excess savings during the pandemic, and a good chunk will enter stocks.

OTC STOCKS THE PLACE TO BE
Smart investors know that if you want to make the big money off a small account, the place to be is the OTC Markets. There are many good OTC stocks that can boost your portfolio’s value in the long term. For investors, we preach the key to trading penny stocks is finding momentum BEFORE it happens and ahead of the crowd.

We alert our subscribers with our best ideas before our regular readers. This is the value of having a subscription to Insider Financial, which you can sign up for here.

If you watch the Insider Financial YouTube channel, you can get a sense of the ideal time to book profits. We warned our subscribers not to get greedy or get caught up in the diamond hands/paper hands BS.



We also recommend you own a portfolio of penny stocks. For some, that can be as many as 10 to 20 or more OTC stocks. This provides diversification and allows one to manage the market’s moods much easier. It also helps to own shares in the following 4 hot OTC stocks.

In this article, we look at 4 OTC stocks that will greatly reward patient investors. They are InnerScope Hearing Technologies, Inc (OTCPK: INND), PHI Group, Inc (OTCPK: PHIL), Trans Global Group, Inc (OTCPK: TGGI), and Voyager Digital Ltd (OTCQX: VYGVF) (TSX: VOYG) (FRA: UCD2).


OTC stocks #1 INND


OTC stocks #2 PHIL


OTC stocks #3 TGGI


OTC stocks #4 VYGVF

OTC STOCKS #1 INND
InnerScope Hearing Technologies, Inc has been on the rise, gaining over 60% during the last five days to trade at $0.0155 after peaking at $0.0182, the highest level since July.

INND produces and distributes FDA (Food and Drug Administration) registered hearing aids, personal sound amplifier products (PSAP’s), hearing-related treatment therapies, doctor-formulated dietary hearing supplements. The company is focusing on improving the quality of life of the 70 million people in North America and the 1.5 billion people worldwide who suffer from hearing impairment and/or hearing-related issues.

INND is promoting its in-store point-of-sale Free Self-Check Hearing Screening Kiosks, which are designed for the tens of millions of Americans with undetected/untreated mild-to-moderate hearing losses to treat themselves with the company’s easy, convenient, and affordable OTC hearing aids in-store off the shelf and/or Direct to Consumer (DTC) online affordable hearing aid options.

The share price started to surge on Wednesday after the company announced that it had entered into a Letter of Intent to buy 100% of the equity in Hearing Assist II LLC, which is Walmart’s largest hearing aid supplier. The two companies expect the definitive agreement to close on November 15.

HearingAssist has sold more than 500,000 hearing aids to nearly 400,000 customers via DTC or through retail partners. HearingAssist was the first hearing aid company to use mass national television marketing to create a recognizable brand as America’s #1 Affordable Hearing Brand. Since HearingAssist launched its acclaimed television spot (Hearing Assist Commercial – YouTube) in April 2018 on major national TV networks, it has generated more than $72 million of top-line revenue through July 2021. HearingAssist’s products are currently displayed in over 757 Walmart markets in five states. In addition, HearingAssist has multiple vendor contracts signed and expansions currently underway with Walmart and other retailers. With the expected Over-the-Counter (“OTC”) Law coming into effect in 2022, HearingAssist brand revenue projections are expected to exceed $150 million annualized by 2024, which is significant for a $90 million Pink Current company.


INND intends to acquire HearingAssist, its management team, proven sales track record, strategic contracts with numerous major retailers, and the national marketing campaign to elevate InnerScope as the number one DTC hearing aid sales company in the market.

The LOI comes shortly after InnerScope acquired iHear Medical Inc earlier this month.

INND CEO Matthew Moore said:

“InnerScope’s management team has strived to build a company that can compete with the “Big-Five” global manufactures, which control 98% of all hearing aids sold of the $10+ billion-dollar market. We believe that the Acquisitions of HearingAssist and iHear Medical Inc. has positioned InnerScope to bring innovative patentable hearing technology to market, which will directly compete with the “Big-Five” in market share.”

INND is the real deal with the acquisition of Hearing Assist, and we remain bullish on this OTC stock.


OTC STOCKS #2 PHIL
PHI Group, Inc continues to build momentum after bottoming out about two weeks ago near $0.005, which happens to be a strong support level that stood solid on several occasions this year. The OTC stock is up 40% to $0.0071, the highest since the end of September.

PHIL obtained the Pink Current status not long ago and is now promoting itself as a merger and acquisition firm. It targets select industries and special situations. The company also provides M&A advisory and consulting services to domestic and international clients through its wholly-owned subsidiary PHI Capital Holdings, Inc.

Besides this, PHIL’s subsidiaries include American Pacific Resources, Inc, Abundant Farms, Inc, PHI EZ Water Tech, Inc, PHI Group Regional Center, LLC, PHIVITAE Corporation, PHI EU International, S.R.L., ComMatrix, Inc, American Pacific Plastics, Inc, and Pacific FinTech Corporation.

In mid-September, PHIL said that it had reached an agreement to acquire Five Grain Treasure Spirits Co – a 100-year old company that supplies to Kweichow Moutai Co, the world’s largest liquor supplier, with a market cap of about $400 billion. PHIL plans to buy 70% ownership in Five Grain Treasure and provide the additional required capital to fully execute its business plan. The budget for this transaction will be $100 million to be paid in three tranches. This is a significant amount for a $200 million company.

Meanwhile, on Tuesday, PHIL, which is advancing PHILUX Global Funds, a group of Luxembourg bank funds organized as “Reserved Alternative Investment Fund” (RAIF), and developing the Asia Diamond Exchange (ADE) in Vietnam, announced the launch of the ADE token in South Korea in connection with the Asia Diamond Exchange.

The blockchain-based token is meant to optimize transparency and fair pricing to the diamond industry to provide enhanced benefits to all stakeholders. Consumers will be able to design and purchase custom diamond jewelry and loose gemstones at significantly better prices by using the ADE tokens.


The ADE tokens will be deflationary by setting aside profits to purchase and burn tokens as well as systematically continuing the buy-back of PHIL stock on an ongoing basis in the future. International investors may purchase and trade the tokens once they are listed on top exchanges such as Coinbase and Binance.

The Asia Diamond Exchange is a modern bourse to be established in collaboration with the World Federation of Diamond Bourses (WFDB). It will be the first-ever vital rough diamond exchange in Asia, comparable to the diamond exchanges in Antwerp (Belgium) (https://www.diamondbourseantwerp.com/) and Dubai (UAE) (https://www.dmcc.ae/gateway-to-trade/commodities/diamonds).

We have been confident in PHIL’s long-term success with the company securing a $1.5 billion loan.


The 8-K said:

Effective October 17, 2021 the registrant signed a contract agreement with Haj Finance Group, a corporation registered in Oman, Hatat House Ground Floor, Ruwi, Muscat, Sultanate of Oman, for a financing program in the amount of $1,500,000,000 which carries a fixed preferred rate of annual interest for thirty-five years with a three-year grace period. The closing of this transaction is to occur after the registration of a Special Purpose Vehicle (SPV) within United Arab Emirates, the signing of the closing documents and the approval of the transfer of funds by the Central Bank of United Arab Emirates (CBUAE). The registrant intends to use the funds for the establishment of the Asia Diamond Exchange and the Multi-Commodities Center in Vietnam, for financing selective projects in the areas of real estate, renewable energy, healthcare, and for other investment opportunities in connection with PHILUX Global Funds SCA, SICA-RAIF, a group of Luxembourg bank funds sponsored by the registrant.

With a well-diversified business and a presence in the diamond market by leveraging blockchain, PHIL will continue to add value to shareholders.


OTC STOCKS #3 TGGI
Trans Global Group, Inc keeps trading near the one penny mark after correcting from the YTD high at $0.025 reached last month.

The $80 million company was formed as an investment firm planning to acquire companies in Liquor Industry in China. TGGI’s sole purpose at this time is to locate and consummate a merger or acquisition with a private entity. The company currently plans to seek to acquire assets or shares of an entity actively engaged in business that generates revenues in exchange for its securities.

While the company’s profile on OTC Markets says it has no particular acquisitions in mind and has not currently entered into any negotiations regarding an acquisition, investors try to guess the merger candidate.

As we reported in mid-August, when TGGI’s share price was trading near $0.004, the company’s new CEO, Ren Chen, owns a wine/liquor firm in China that is listed on the Shanghai Market. Previously, he wanted to get listed on the NASDAQ but failed with his $6 billion Chinese firm, so he apparently acquired TGGI to turn it into his wine company and list it on NASDAQ. The current market cap of TGGI is $80+ million, so there is much room for growth after the reverse merger happens, especially with the NASDAQ goal.

We still think TGGI is one of a kind opportunity even though no updates have been released so far.