What Happened To TGGI Today?
Everyone was expecting a continuation of yesterday’s run, so it begs the question: Why did TGGI stock price go down.
Just prior to the open George Sharp tweeted that TGGI was overpriced at 2 cents because their were no revenues to justify the price of two cents.
George Sharp is a master pumper and dumper. He was enlisted by the CEO of TSNP to assist in increasing the share price from sub-pennies to multi-dollars. How do I know this, I owned the stock and made $150K on its runs, jumping in and out along the way. During that period, the stock price was due to a great deal of hype and the company had no revenues, zero, zilch, nada. He stayed with the company to the point where the name changed to HMBL and a reverse split took place. The stock dropped from $6.00 to where it now stands at about 40 cents.
With respect to TGGI, there has been a lot of things happening behind the scenes that has been revealed by a lot of DD done by members of the TGGI family. The DD has been extracted by the hard work of a few family members and there appears to be sufficient video clips, documents, relationships, filings to back up what is happening. It is true that TGGI does not have any revenues. What the do have is they are on the OTC. To get on the OTC takes a years worth of paperwork, and hefty fees. For a foreign company to get on the OTC it’s not easy. For a company wanting to get approval to trade on the OTC, they chose to do a reverse merger. This saves time and money and allows a big company to merge with a shell and immediately go public.
Apparently George was waiting in the wings to swoop in and manipulate the TGGI stock price. On a very highly anticipated upward stock price move, he dropped a bomb on the shareholders and indicated that TGGI was overpriced because the DD was hearsay and the revenues were non-existent. Lack of revenues at TSNP, a stock he was pumping didn’t seem to have garnered his concern for the shareholders while it was being pumped by him and providing him some big gains.
Bottom Line: What George Sharp did was unethical because he dropped the bomb just prior to the market open and he misrepresented the facts. Shareholders put their sale orders in before the opening and the stock dropped precipitously. I am sure he made money with the many other participating shorts who drove this stock down. In the next few days he will be a buyer. He will make money masterminding the dump and riding the recovery. Granted, the weak hands were part of the problem, that problem was allowing themselves to be manipulated. I am sorry for those who left the family and suggest you consider getting back in to see how things play out when the upcoming 8K comes out. The 8K can be dropped as early as Friday December 3rd. JMHO!
Good Luck to the longs and those who choose to get back in over the next few days!
AI
