Tuesday, February 08, 2011 8:05:50 PM
Hey Imcat, heard you had a good day in another play today, congrats, also congrats on your packers win, been a good week for you so far.
Thanks for reposting pretty much the entire 10k, I read it though, but appreciate it just the same.
I don't know how much you know about buying a shell company and moving business into it, but I know a lot (excuse my arrogance), when you purchase a shell, you would normally look to purchase a shell with some debt, this gives you the ability to issue shares which may be offered to a lendor in exchange for a loan to pay of some of that debt and enable working capital.
And yes, for all intents and purposes this is a new company, new management and all cashflows and debts inherited are from the former company and management.
There is nothing wrong here, I don't know what you are trying to find. This is normal business practice.
Best
Brit
Thanks for reposting pretty much the entire 10k, I read it though, but appreciate it just the same.
I don't know how much you know about buying a shell company and moving business into it, but I know a lot (excuse my arrogance), when you purchase a shell, you would normally look to purchase a shell with some debt, this gives you the ability to issue shares which may be offered to a lendor in exchange for a loan to pay of some of that debt and enable working capital.
And yes, for all intents and purposes this is a new company, new management and all cashflows and debts inherited are from the former company and management.
There is nothing wrong here, I don't know what you are trying to find. This is normal business practice.
Best
Brit
Recent TMSH News
- TransGlobal Assets Inc.’s (OTCID: TMSH) Subsidiary, M Love Vintage Holdings Inc., Enters Late‑Stage Negotiations for a Transformative Partnership or Acquisition • GlobeNewswire Inc. • 04/09/2026 01:00:00 PM
- TransGlobal Assets Inc. (OTCID: TMSH) Provides Strategic Update on M Love Vintage and Appoints Industry Veteran Christopher A. Villareale as President • GlobeNewswire Inc. • 04/02/2026 12:45:00 PM
- TransGlobal Assets, Inc. (OTC: TMSH) Signs Letter of Intent to Acquire Majority Control of M Love Vintage Holdings, Inc., a High-Growth Denim & Heritage Apparel Brand • GlobeNewswire Inc. • 12/10/2025 01:25:00 PM
