As investors we love to own stocks that management owns shares in the Company they manage. This is because when the company stock price goes up, their shares become more valuable. Management has a financial incentive to perform. We all know the PinkSheet drill, when a new company is formed management some how gets millions of shares of the company stock issued in their name. Or during the course of the year management gets millions of Company Stock Options at no cost to them, issued in their name.
This is what separates TDGI from every other penny stock out there. Every once in a blue moon a company comes along where management actually provides something of value for those shares of stock. This is how Target Development Group, Inc (TDGI) was formed via reverse merger on December 1, 2009. ITEM III Disclosure of Corporate Acquisition Effective as of Dec. 1, 2009, the Board of Directors of Target Development Group, Inc.,(“Target”) consummated the acquisition of Truman Press, Inc., d/b/a “Hannover House” (“Hannover”). The transaction was conducted as a stock-for-stock swap under Internal Revenue Code Section 368. a). Terms of Acquisition Under the terms of the acquisition and stock-swap agreement, Parkinson and Shefte exchanged one-hundred-percent (100%) of the shares of Truman Press, Inc., d/b/a “Hannover House” for 159,336,082 restricted shares of Target Development Group, Inc. common stock.
The above sentences seem simple enough. However, upon looking closer, one begins to understand the huge future implications for TDGI CEO Eric Parkinson, TDGI Financial Operations Frederick Shefte, TDGI Stock and TDGI Shareholders. As of September 30, 2009, the unaudited and unreviewed balance sheet for Truman Press, Inc., d/b/a "Hannover House" listed total assets of $21,112,938. Hannover owned DVD and book product inventories and motion picture production equipment and facilities worth $5,097,268. Hannover also owned or controled a significant library of film, video, television and literary properties, with approximately seventy-five (75) items in current release worth $16,015.670.
Parkinson and Shefte owned Truman Press, Inc. Now, I suppose they could have sold or liquidated the Assets they owned for about $21 Million and lived happily ever after. Instead, the very first action of management during the creation of TDGI on December 1, 2009, the Management duo deposited 100% of their shares of Truman Press into the TDGI Treasury. In exchange they accepted 159.3 million restricted shares of TDGI. This action gave TDGI stock and its stockholders an instant value of about $21 million. Think about that, the very first move they make when creating TDGI is pumping $21 million worth of assets into the TDGI Treasury. This speaks volumes about how these two business men operate and conduct business.
On December 1, 2009 the TDGI stock price was about .004. So, managements 159.3 million TDGI shares were worth about $637,200. So management exchanged $21 million in Assets for TDGI stock worth about $637,000. Is TDGI management crazy or shrewd businessmen? Well, 8 months later TDGI stock is around .04, giving their stock a value of $6,372,000, and the company is on the cusp of TDGI stock appreciating greatly within the next several weeks. The future looks extremely bright, TDGI is poised for continued growth well into in the future. Obviously, it appears that TDGI managements exchange in assets for TDGI stock, shows that they have tremendous confidence in their TDGI business plan, their ability to perform and the future of TDGI stock and its shareholders.
I can not think of any other PinkSheet (or Bulletin Board) stock where management has such a high incentive to perform. We have watched Mr. Parkinson and Mr. Shefte tirelessly building TDGI one step at a time, growing TDGI based on a foundation of Revenue and Earnings during these first 8 months. Just like them, I am extremely confident that not very far in the future, the value of their TDGI stock will increase dramatically, making their original investment of $21 million seem like a mere pittance.
News 
Market Data 
Discover 
AI
