Replies to post #109181 on Trans Global Group Inc (TGGI)

[mariacrz]

I think there going to give back the 540 million shares for another undeveloped mystery device with no patent.

[Cappello]

What are your thoughts for why TGGI would do this, they have a nice position in IGPK, which with any kind of move TGGI then has an asset which increases their value.

Nothing in the PR alludes to any kind of scenario where TGGI retires shares.

Thoughts?

[shotsky]

It has not been said yet where the 500M shares are coming from. But since SB is CEO of both, he can pretty much do what he wants as long as it is legal and reported. He bought the empty shell of IGPK out of his own pocket last year, and gave himself (TGGI) the 540M shares. (IGPK came with some hefty, unexpected debt, which has slowed things down a lot.)
At least he is now finally doing SOMETHING with TGGI...