Trans-Global Holdings Inc (TGHI)

[THECHEF]

HEY LOUIE,
Yeah I found this last year about September. I asked John and Jacques about this on a number of occassions. And while Globus put out these PRs some of them were believed to be false by the SEC. I'm not sure how this all came about as being false. In doing my DD I found that TGHI at one time or another owned all said properties. All except for one that is. Appearently one of the properties that Globus made a press release about they said TGHI was in a "binding agreement" to acquire said property.I'm not sure if Globus jumped the gun but at the last minute TGHI got out bid and lost it. I did not see a press release to that effect. If thats what they called false and misleading I'm not sure. Binding agreement to purchase to me does not mean a definative sale into ownership (sign sealed and deliveried). If you look at that litigation release it states that the SEC does not seek relief (meaning it does not intend to fine) Trans-Global. From what appears to be a lack of facts against them. This is in JULY of last year!!! And add to this a court hearing where the courts also said the SEC has nothing. I'm lost at where the SEC has further problems with this?!?!?!?!

THECHEF