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TOPIC: TGFN - TGFIN HOLDINGS, INC.

TGFN - TGFIN HOLDINGS, INC. 4 years 2 months ago #1700

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TGFN was one of our previous Profile List stocks that announced a new business direction back on 2/25/2010.

Today, a stock promotion came out that sent the stock as high as $0.20 from the previous $0.025 close, or about 700% on heavy volume.

The promotion stated they currently had 2.3mil shares outstanding, which is what shows in their latest June 2013 10Q SEC filing. BUT, if you continue reading the filing, another statement reflects the current status of the reverse split:

“On April 15, 2013 the company filed a Definitive 14C for the purpose of changing the Company’s name and effectuating a ten (10) to one (1) reverse split of the Company’s common stock. As of the date of this filing, 2013 these corporate actions are still in progress.”

Checking the OTCBB website, the reverse split has not yet been implemented.

From my understanding, they have announced the reverse split and adjusted their SEC filings to reflect it, but it has not actually been completed. Instead of the stated 2,332,105 shares outstanding, there appears to be 23,321,045 shares outstanding.

BUYER BEWARE.

Stock Promotion: stockpromoters.com/gmessage.aspx?message_id=52720

SEC 10Q: www.sec.gov/Archives/edgar/data/876134/0...raft063013081413.htm

OTCBB website: www.otcbb.com/asp/dailylist_search.asp?D...ymbol=TGFN&OTCBB=ALL


I OWN SHARES IN TGFN PURCHASED IN THE OPEN MARKET.
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