Tuesday, November 22, 2022 3:24:33 PM
Why there was no 10Q after the 5-day delay on Nov 21, 2022 ?
Possible reasons:
1. TGGI has never been late in SEC filing under new management: acquired by Ren Chen.
Why this time late on a 10Q? You may think that the numbers are more complicated due to the reverse merger of Zuixiangui International Holdings released on Aug 8, 2022. So there is not enough resources to do so?
That could be.
But please consider their whole plan, listing in Nasdaq is just procedures by their experience and networking capacity: not the CEO Ren Chen but Jiacheng Tang.
They have attained all Nasdaq requirements in income by subsidiaries owned by SSG and TGGI equity ownership. How can they solve the 1-year pending obstacle under current trading platform from OTC to Nasdaq change rule? This is the magic power of reverse merger in issuing new equity to make use of the Seasoning Rule. These are all in TGGI's gift boxes.
2. It is in the air that China "has learned" the lesson that she needs to change course and has to open up to compensate the keep-falling economy of the country.
The quarantine will ease up in major cities in small steps. No it is making big steps in course and ideology change.
Management of TGGI is seeing this change and work accordingly by speeding up their "Global Ambitions".
Such decision happened over the last weekend.
Dump the 10Q but speed up the 8K.
3. There will be a near 8K filing on a possible significant reverse merger of SSG(Southsea Global) into TGGI. The accounting firm has been working on such accounting numbers and reports day and night. TGGI will not spend the effort in reporting the 10Q for 3rd quarter of 2022.
I guess SEC should have been informed on this matter.
This vital 8K may be here within the next 2-4 weeks...
to bring in a very bright and joyous Christmas.
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