$TGGI dipped to 0.005's due to a clerical error on the Form 10. Paper hands and panic sellers gave up their lottery tickets to the institutions, whales and me
Trans Global Group, Inc., a Delaware corporation (the “Company”),
hereby respectfully requests that the Securities and Exchange Commission (the “Commission”) consent to the withdrawal of the Company’s Registration Statement on Form 10 (File No. 001-41016) filed on November 3, 2021 (the “Form 10 Registration Statement”).
https://www.sec.gov/Archives/edgar/data/0001891791/000121390021067679/ea152979-rw_transglobal.htm
In the footnotes of the filing, which many paper hands and panic sellers omitted, is the most important info:
1
The filing was made referencing Section 12(b) on the cover page in error, while the remainder of the filing referenced, correctly, Section 12(g). Following withdrawal of this filing, the issuer will file a corrected Registration Statement on Form 10.
Essentially, folks sold because of one wrong letter on a cover page. Before the dump it was trading at 0.0192, during the dump dropped to 0.005 and bounced back to 0.0150, pretty quickly.
Nothing has changed as far as the DD goes. The automatic effective day probably has changed though but I cannot confirm. Only thing this dump did was scare off flippers & stop lossers and put more shares in longs possession.