Replies to post #13064 on TransGlobal Assets Inc (TMSH)

[lmcat]

Wrong - I searched months ago, never found the details of any of the share transactions that showed any restrictions. Looks like the 3 officers can give themselves any number of shares anytime they want!

ORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0104
Expires: November 30, 2011
Estimated average burden
hours per response 0.5
1. Name and Address of Reporting Person*
Strickler Kent Alan
(Last) (First) (Middle)
PO BOX 470
(Street)
SILETZ OR 97380
(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
04/19/2011 3. Issuer Name and Ticker or Trading Symbol
TRANSGLOBAL ASSETS, INC. [TMSH]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director X 10% Owner
X Officer (give title below) Other (specify below)
President
5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock 13,060,000
D

Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4) 2. Date Exercisable and Expiration Date (Month/Day/Year) 3. Title and Amount of Securities Underlying Derivative Security (Instr. 4) 4. Conversion or Excercise Price of Derivative Security 5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
/s/ Kent A. Strickler 05/06/2011
** Signature of Reporting Person Date

---------------------------------------------

TRANSGLOBAL ASSETS, INC.: 3, Sub-Doc 1







FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0104
Expires: November 30, 2011
Estimated average burden
hours per response 0.5
1. Name and Address of Reporting Person*
Thompson Paul
(Last) (First) (Middle)
2137 B NW HIGHWAY 101
(Street)
LINCOLN CITY OR 97367
(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
02/04/2011 3. Issuer Name and Ticker or Trading Symbol
TRANSGLOBAL ASSETS, INC. [TMSH]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director X 10% Owner
Officer (give title below) Other (specify below)
5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5) Common Stock 10,311,000
D

Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)
2. Date Exercisable and Expiration Date (Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)
4. Conversion or Excercise Price of Derivative Security
5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)
6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
/s/ Paul K. Thompson 03/30/2011
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
------------------------------------------------------
TRANSGLOBAL ASSETS, INC.: 3, Sub-Doc 1







FORM 3 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0104
Expires: November 30, 2011
Estimated average burden
hours per response 0.5
1. Name and Address of Reporting Person*
Johnson Doug
(Last) (First) (Middle)
2137B NW HWY 101
(Street)
LINCOLN CITY OR 97367
(City) (State) (Zip)
2. Date of Event Requiring Statement (Month/Day/Year)
03/09/2011 3. Issuer Name and Ticker or Trading Symbol
TIMESHARE HOLDINGS, INC. [TMSH]
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director X 10% Owner
X Officer (give title below) Other (specify below)
Chief Financial Officer
5. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4) 2. Amount of Securities Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock 11,020,000
D

Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)
2. Date Exercisable and Expiration Date (Month/Day/Year)
3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)
4. Conversion or Excercise Price of Derivative Security
5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)
6. Nature of Indirect Beneficial Ownership (Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Explanation of Responses:
/s/ Douglas Johnson 03/15/2011
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
------------------------------------

Class Shares outstanding

Date Common, $.0001 par value

31,167,000 12/31/2009 (those outstanding shares sure multiplied)

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TMSH announces that its Board of Directors have authorized a reduction in Authorized Shares from 300,000,000 to 175,000,000 effective January 1, 2011.

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TMSH announces that it has signed a lease for an office suite in India: 3rd Floor, Socola Tower, Patil Lane No. 3, College Road, Nashik, Maharashtra, India Pin 422005 Contact: Mr. Tejas Vijay Sonavane Email: [e-mail].?
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TimeShare Holdings, Inc., (TMSH) is changing to a new Transfer Agent, Transfer Online, Inc. The transition will be completed on or about, January 20, 2011.

New Transfer Agent Contact Information:

Transfer Online, Inc.™
512 SE Salmon Street
Portland, OR 97214
Phone: [phone]
FAX: [phone]
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8-K Jan 28, 2011

The Board of Directors is pleased to announce that the offices in Las Vegas, Nevada have been closed and the new offices are located at: 2137B NW Highway 101, Lincoln City, OR 97367. Tel: [phone] and Fax: [phone].

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8-K Feb 1
TimeShare Holdings, Inc., (OTC.QB: TMSH), has signed a purchase agreement to acquire the Grand Hotel Dimyat, located on the northern Bulgarian coast of the Black Sea in Varna, Bulgaria. The Company will be providing a down payment of 10 million shares of TMSH common stock. Pursuant to the purchase agreement, the Seller has agreed to accept the current value of the shares at $1 USD per share. The $10M value will be applied to the total purchase price of the $28M.

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10-K Date: February 4, 2011
Class Shares outstanding

Date
Common, $.001 par value

82,517,000 2/4/2011

NOTE: The $20,000 "revenue" came from the sale of the shares to GRES.
Revenue $ 20,000 $ -
Total Revenue $ 20,000 $ -


Expenses

Insurance $ 1,049 $ -
Legal $ 279 $ -
Licenses $ 1,700 $ -
Postage $ 46 $ -
Professional Fees $ 950 $ 761
Rent $ 1,000 $ -
Salaries $ $ 286
Salary Expense $ 574 $ -
Supplies $ 63 $ -
Telephone $ 519 $ -
Other Expenses $ - $ 7,591.00
Total Expenses
$ 6,180 $ 8,638

Net Profit or Loss $ 13,820

Rent at $1,000 - they sure burned through that $20,000 fast! So how are they paying the rent for March to Oct?

The Company has issued Promissory Notes to corporate officers, directors and investors that are also shareholders of Timeshare Holdings, Inc.

The Notes bear interest at rates of 0% and are due on November 12, 2011 with a one year roll over upon payment of 10% of the balance due. The notes are secured with stock shares of the Company that would be issued in case of default. The combined amount of the notes equals $727,526.

So if they don't pay the notes convert to shares - DILUTION!


Authorized Shares 175,000,000
Outstanding Shares 82,517,000
Restricted Shares 71,658,626
Free Trading Shares 10,858,374

As reported in the financial statements, the Company has incurred losses of $7,550,355 from inception of the Company through December 31, 2010. The Company’s stockholders’ deficit at December 31, 2010 was $1,237,742. To date, there have been no revenues from operations. These factors combined raise substantial doubt about the Company’s ability to continue as a going concern.

Nothing in these SEC filings show the shares to the lawyer nor do they show the 52M Doug bought in the name of GRES. Nothing to show any restrictions.

But then TMSH is a stinky pinkie so what would you expect?