Friday, May 06, 2011 8:49:48 AM
http://transglobalassets.com/page/prosperity/shareholder_update
To Our Loyal Shareholders:
The purpose of this update is to pointedly address recent inquiries from a number of shareholders relative to concerns over dilution, short trading activity and false and misleading statements made by members of public message boards.
The Board of Directors has decided to openly discuss these concerns to reaffirm the actual facts for our legitimate shareholders.
The Company has not diluted nor sold any shares into the market. The shares issued to officers, the BOD, and to GRES have been and remain restricted and have not been sold by the Company. The Company has not and will not partake in dilution measures to achieve its capital funding goals. Ours is a serious long-term enterprise.
The Company did not engage Buyins.net nor does it have any relationship with Buyins.net. The Company has been monitoring market activity in its stock and was already aware of the issue of the short position as reported by Buyins.net. Their Report’s data does indeed validate the Company’s own conclusion that an increasing short position is affecting the true value of the stock price.
The Company remains focused on managing and growing its business. The Company intends to combat the current market conditions by continuing its efforts to build authentic value through a profitable asset base. For a holding company such as ours, this means searching for premium undervalued projects suitable for acquisition, performing calculated and thorough due diligence, securing equitable financing for each unique project and managing the project for maximum returns. Further, the Company has sought to cultivate partnerships with excellent and highly experienced financial institutions and venture capitalists. Obtaining financing is both a lengthy and a time-consuming process and entails several iterations of communications between all parties involved.
The information provided in Company-issued press releases and SEC filings are accurate and current. At the time of their filing, the information presented to the public is accurate and represents that which the Company knows at the time and can issue without compromising the terms of its agreements with the multiple parities involved in these transactions. Confidentiality requirements are standard and important features in this process and help protect shareholder value in the end. Until the Company secures ownership of a project, we ask that shareholders understand that some of the information they may request could be denied them due to the confidentiality and privacy terms by which the Company, its partners and its potential partners are legally bound by these agreements.
Creating a multi-billion dollar holding company is a complex endeavor that cannot be achieved overnight. The Board of Directors refuse to short-change the important and necessary steps required to build long-term value for the sake of addressing the short-term gains for the day trading and short selling public. As always, the Company will continue to update shareholders on new projects or new developments with existing projects, and provide status updates on respective financing arrangements as they are solidified.
Again, we would like to take this opportunity to thank all of our loyal shareholders, investors, and partners and look forward to sharing new and exciting Company accomplishments very soon.
Sincerely,
TransGlobal Assets Board of Directors
Kent Strickler - Douglas Johnson - Paul Thompson
Always do your own DD, Posts are not meant for anyone to buy or sell anything.
GB FatCst
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