Trans Global Group, Inc. (OTCMKTS:TGGI) has announced the receipt of financial results of a publicly traded entity on April 25, 2018. The company acquired a stake of 83.72% (540 million shares of the common stock) in that entity on October 7, 2017. The OTCPink company is currently trading consistently over $0.01. TGGI can audit the financial results when deemed fit and submit a Form 10 filing with the SEC. The company intends to utilize the new entity for purchasing and holding the assets.
TGGI also plans to merge some of the divisions in MJ sector with the new entity. The cannabis outlets sales also contribute to the revenue of TGGI. The company can now choose the share redemption without depending on any single company.
Bahamas Development Corporation (OTC:BDCI) Retains the Services of a Counsel to Assist in Form 10 Filing
Bahamas Development Corporation (OTC:BDCI) will use the services of a counsel for Form 10 filing with SEC. The auditors can seek the advice of the retained counsel and resume audit services that were halted at the beginning of 2017. The auditors were able to successfully roll out the financials for the period between January 1, 2014 and September 2016.
The audit process is expected to resume shortly. The company is busy with finalizing the draft for Form 10 filing. The newly hired Chief Financial Officer will expedite the audit process by closely working with auditors of the company. The Form 10 Filing will improve liquidity for the shareholders.
BDCI owns a majority stake in Cannabis Consortium, Inc. The company is rapidly expanding its business operations in the MJ sector. It will also update about the progress of the operations in California.
A Brief Information about Trans Global Group, Inc.
A Green Company – Trans Global Group, Inc. is engaged in solar and renewable energy sectors through its subsidiaries. The company sells products to the homeowners and businesses to save energy. It also helps to reduce carbon footprint. Its other business services include construction services like add on housing, home renovations, and building condominiums and schools etc.