SwingTrade Member Forum

[DCschmoeka]

In TGFN @.05 heavily, because .......................

22M o/s ---- 2.5 Million US$ in CASH --- makes .11/share in cash ...... No liabilities (just 89K)


check the filings.... http://secfilings.nasdaq.com/filingFrameset.asp?FileName=0001010412%2D03%2D000320%2Etxt&FilePath....

sorry this post below looks messy ...

TGFIN HOLDINGS, INC. CONDENSED CONSOLIDATED BALANCE SHEETS (Unaudited) September 30, December 31, 2003 2002 ------------- ------------ASSETS<S> <C> <C>Current Assets: Cash and cash equivalents $ 2,484,265 $ 137,958 Restricted Cash & Cash equivalents 100,348 - Accounts receivable, net - 54,040 Prepaid expenses 9,152 12,391 ----------- ----------- Total Current Assets 2,593,765 204,389Property and equipment, net - 120,576Deposits - 76,524 ----------- ----------- Total Assets $ 2,593,765 $ 401,489 =========== ===========LIABILITIES AND STOCKHOLDERS' EQUITYCurrent Liabilities: Accounts payable $ 13,747 $ 281,732 Accrued liabilities 75,687 46,800 ------------ ------------ Total Current Liabilities 89,434 328,532 ------------ ------------Stockholders' Equity: Preferred stock ($0.01 par value) 1,000,000 shares authorized, 50,500 shares issued and outstanding 506 506 Common stock ($.01 par value), 50,000,000 shares authorized, 22,431,168 and 22,406,168 issued and outstanding at September 30,2003 and December 31, 2002 respectively 224,312 224,062 Additional paid-in-capital 3,644,074 3,634,324 Less: Deferred compensation Relating to stock issued to consultants (177,617) Retained earnings (deficit) (1,364,561) (3,608,318) ------------ ------------ Total Stockholders' Equity 2,504,331 72,957 ------------ ------------ Total Liabilities and Stockholders' Equity $ 2,593,765 $ 401,489 ============= ============


TGFN - PLAN OF OPERATIONS

Management's Plans are to acquire, merge or otherwise combine with an operating company. Management is currently seeking an entity with which to affiliate. The Company is free to seek alternative businesses in its existing or other industries. Management's main objective is to seek to increase shareholder value. All viable alternatives will be evaluated, including, but not limited to: investments, mergers, purchases, or the offering of Company securities, etc. Alternatives that provide existing shareholders with the greatest potential benefit will be favored.As of the date of this report, management had carefully evaluated several potential affiliation candidates. To date, no formal or informal agreement has been reached with respect to any potential candidate, although some evaluations are currently still in progress. Until a suitable business opportunity presents itself, the Company intends for its resources to continue to be invested primarily in interest bearing accounts.

Management encourages its shareholders to communicate directly with the Company for its typical investor relations, including address changes and for general corporate information by calling or writing to the Company at its administrative offices or by posting a message to [e-mail]. Management also encourages shareholders to keep their address current with the Company.