TGGI has been in freefall mode and we noticed that it may have hit a technical bottom here as accumulation has begun to pick up. A reversal is coming and we will get in here at the ground floor! This one should move very quickly so remember your trading rules. Please see chart below:
ABOUT TGGI:
Share Structure:
• Estimated Market Cap $879,341 as of May 28, 2010
• Outstanding Shares 799,401,300 as of Apr 13, 2010
• Authorized Shares 1,500,000,000 as of Apr 9, 2010
• Float(shares) 249,401,298 as of Apr 13, 2010
Trans Global Group, Inc. is in the business of acquiring GREEN related technologies or partnering with companies that have unique products within the GREEN industry. TGGI recently acquired Ecosafe, Inc. and its wholly owned subsidiary Ecosafe Insulation of Florida, LLC. Ecosafe is a distributer and installer of Ecosafe Premium Foam, a product of American Green Group traded under the symbol (AMNE).
Ecosafe entered into an agreement for 5 territories in the State of Florida and the exclusive rights to so sell Infinite R within the State of Florida. Ecosafe and AMNE have entered into a joint venture giving Ecosafe the exclusive right to sell and install Ecosafe Premium Foam and the right to market Infinite R in these states as well. TGGI is currently looking at several other companies that could complement the joint venture with AMNE.
About Ecosafe Premium Foam:
ECOSAFE Premium Foam® Insulation is a foam-in-place insulation that outperforms the other retrofit insulation products. ECOSAFE Premium Foam® is a semi-permeable foam that provides superior thermal & acoustical insulation. This environmentally friendly foam emits no CFCs and does not contain any petroleum. Unlike blown in insulation products, ECOSAFE Premium Foam® is injected as a liquid and is able to fill every void, thereby creating a highly effective thermal envelope preventing air infiltration. Ecosafe Premium Foam Insulation does not settle over time as can fiber based insulations. ECOSAFE Premium Foam® is an excellent choice for retrofitting homes even where old, ineffective insulation materials may already exists.
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