Popping up on peoples radars this month is Trans Global Group Inc. (OTCMKTS:TGGI), due to its expected completion of a merger and FINRA approved ticker change of its subsidiary, Bahamas Development Corporation (OTCMKTS:BDCI). So far this month TGGI has seen a significant leap in volume, with 90% of its volume coming from large blocked buys. According to the CEO, the plans of the merger and ticker change will happen sometime this month (January), and investors are patiently waiting to see if the CEO’s promise comes to fruition.
According to the company,
The Company was told on December 20, 2017 that the corporate action has been moved up to FINRA Management for review, and as of this time no further developments have occurred. Management has made the decision to complete the merger one way or another by the end of the month regardless of the pending FINRA application.
Investors know all to well the dramatic impact mergers and ticker changes have on a companies PPS, and some investors are scrambling to research any roadblock that will hinder this merger from taking place. So far, nothing has impeded the companies plans on a merger and ticker change, but some remain skeptical the merger and ticker change will happen this month.
Further interesting some investors is the patent-able nature of their products. If the company is able to secure some type of patent on their proprietary products, then this company could see some major PPS increases evident from sub-penny companies with approved patents. As per the company,
January will be a very busy month for Cannabis with the submission for patents and trademarks as well as final designs being used to manufacture samples.
To further add to the pot, the companies CEO has hinted at a possible share-buyback, suggesting up to 3b shares may be taken from the market. However, this has not been promised nor has the company insisted this is apart of their 2018 goals, but simply an option for 2018 projections.