Monday, November 19, 2012

TGGI - $.0001 Stock Ready to Rally?

With penny stocks its all about timing an impending rally. Surely not every penny stock will rally and more often than not it will fall flat on its face. Take TGGI, this stock has been face first in thick mud for almost 2 years. Could the stock finally be pulling its face out of the mud? Recall BBDA a stock that was face first in the mud earlier this year, when suddenly the company issued positive news about its share structure. The stock was at $.0003/.0004 at the time and I alerted my subscribers of a possible move. The stock went on to break $.01 over the course of the next few months. Just a spectacular move. TGGI issued further clarification of share reductions today and we could be looking at the start of a rally for the stock short term. Today TGGI traded at $.0001 and $.0002. Could we be looking at higher prices per share down the road? I like the chances here. Trans Global Group Has Filed The Amendment To Reduce The Authorized Shares By 20 Percent CORAL SPRINGS, Fla., Nov. 19, 2012 /PRNewswire via COMTEX/ -- Trans Global Group, Inc. (PinkSheets: TGGI) is pleased to announce the Company has filed an Amendment with the State of Nevada to reduce the authorized shares of the Company from 5 billion to 4 billion shares. The Company would like to state that it will not effect any type of Reverse split or restricting of the Common stock until January 2014. The Company will look to try to reduce the number of Authorized shares again before the end of fiscal year 2012. The Company will issue further news as events unfold over the coming weeks regarding restructuring of the Company's debt. The foregoing press announcement contains forward-looking statements that can be identified by such terminology such as "believes," "expects," "potential," "plans," "suggests," "may," "should," "could," "intends," or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results to be materially different from any future results, performance or achievements expressed or implied by such statements. In particular, management's expectations could be affected by, among other things, uncertainties relating to our success in completing acquisitions, financing our operations, entering into strategic partnerships, engaging management and other matters disclosed by us in our public filings from time to time. Forward-looking statements speak only as to the date they are made. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made. CONTACT:Christopher J Clarkechris@transglobalgroupinc.com954-509-3749 SOURCE Trans Global Group, Inc. www.prnewswire.com

3 comments:

Win goal said...

Very nice! Big fan of the blog.

pitbull stocks
penny stock alerts

kk said...

Amir Heshmatpour is famous Managing Director at AFH Holding & Advisory.With your membership you can see Amir Heshmatpour's complete information, and discover who has been doing research about you on the web! Registered users can see what Amir Heshmatpour is up to.

Andres Gibson said...

Interesting post…Waiting for more good updates...