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Trans Global Group Inc (OTCMKTS: TGGI) Steady Rise as RM Runner Executes on Ambitious Plan to Form Big Board Listed Global Enterprise (More on OTCQB)

Trans Global Group Inc (OTCMKTS: TGGI) continues to move steadily northbound as one of the most followed reverse merger runners on the OTC makes a run…

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Trans Global Group Inc (OTCMKTS: TGGI) continues to move steadily northbound as one of the most followed reverse merger runners on the OTC makes a run for $0.0298; a break over and its blue skies ahead for TGGI. As we have reported in the past, TGGI is a fully reporting reverse merger play with global ambitions and a significant investor following. Mr. Chen Ren Feiyang currently owns the controlling block of TGGI and along with TGGI president, Mr. Tang Jiacheng the two have long been very public about their intentions for going to Nasdaq and forming a global enterprise.  The two continue to executive and the Company’s 10-12G filing was just accepted by the SEC meaning TGGI is close to becoming fully reporting OTCQB with the shell risk removed. 

Since TGGI tested $0.007 support levels at the beginning of August, the stock has been steadily rising northbound on strong volume of up to $1 million in daily trading volume. The stock trades as if the float is locked up and there is little available stock in the public domain. TGGI has a massive following of investors who note that Chen Ren Feiyang has kept his word and executed on every level as the Company moves foward with its ambitious vision to become a Nasdaq listed global conglomerate. In August ZXG Holdings Ltd, which owns Zuixiangui wines which produces over 4,000 tons (11M 1 Liter bottles) annually using patented methods of production on an operations site of more than 300 acres reversed merged into TGGI. 

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Trans Global Group Inc (OTCMKTS: TGGI) is a U.S. holding company incorporated in Delaware. The Company conducts business through PRC subsidiary Shenzhen Zui Xian Gui Brewery Technology Ltd. (“ZXGSZ”), which is a wine distribution and retail sales company based in Guangdong province, China. With the mission to let the world taste Chinese wine, and let the world fall in love with “ZuiXianGui”. Through the offline and online promotion, TGGI hopes to deepen the customers’ impression of the brand and promote sales in China and globally.

TGGI is a pink current clean shell virtually debt free and the perfect merger candidate. The Company was formed in the State of Delaware on December 31, 1993 as Teletek, Inc. On October, 2007, the Company changed its name to Trans Global Group, Inc., its current name. Since the recent change of control, the Company is now an investment company planning to acquire companies in the Liquor Industry in China. On April 29, 2021, ONE DAY after the HK requirements for filings (SURGICAL) Chen Ren executed the Change of Control documents for $TGGI. In it, they stated CLEAR intentions to acquire liquor companies in China. Chen Ren is now the controlling shareholder of TGGI having purchased control for $150,000. 

Chen Ren was a famous singer/entertainer in his earlier years. Amongst his many songs/albums, he made numerous songs about wine. He dreamed of making a specific wine and sharing it with the world. Chen’s passion for wine matched his dreams of becoming a NASDAQ company and he has made clear his intentions to one day list TGGI on the big boards. 

Mr. Ren is the founder and owner of Zuixiangui wines which produces over 4,000 tons (11M 1 Liter bottles) annually using patented methods of production on an operations site of more than 300 acres. It is expected that Zuixiangui wines will reverse merge into TGGI. Zuixiangui has also been making some big moves recently Shaanxi Seeds and Hunan Pharmaceuticals both established business in China. They also announced an incredibly strategic and exciting contract with Yijulian E-commerce Co.  

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TGGI

Microcapdaily first reported on TGGI on December 1 2021 stating at the time:  Trans Global Group Inc (OTCMKTS: TGGI) is the latest Reverse Merger (RM) stock to make big moves in pennyland running from triple zeroes to highs near $0.03 in recent months as Chinese entrepreneur Chen Ren takes control of the Company. The stock has quickly gained the attention of investors and is currently among the top most traded stocks on the OTC regularly trading between $2 and $10 million in daily trading volume. Reverse Merger stocks (RM) are easily among the most exciting and explosive stocks in small caps rivaling only biotech’s in their ability to make historic gains and TGGI has been no exception so far. The ambitious new CEO and controlling shareholder of the Company Chen Ren is the founder and owner of Zuixiangui wines which produces over 4,000 tons (11M 1 Liter bottles) annually using patented methods of production on an operations site of more than 300 acres. It is expected that Zuixiangui wines will reverse merge into TGGI. Chen’s passion for wine matched his dreams of becoming a public company and he has made clear his intentions to one day list TGGI on the big boards.  

We also predicted TGGI would hold $0.007 support levels on June 24 in our article: “Trans Global Group, Inc. (OTC: TGGI) Under Heavy Accumulation on Reverse Merger with Global Ambitions” stating: “Trans Global Group, Inc. (OTC: TGGI) is drifting towards established support level of $0.007, a support level it has held a number of times before, it hit $0.007 in January and back in October it traded as low as $0.0065 but never closed under $0.007. TGGI is a fully reporting reverse merger play with global ambitions and a significant investor following. Mr. Chen Ren Feiyang currently owns the controlling block of TGGI and along with TGGI president, Mr. Tang Jiacheng the two have long been very public about their intentions for going to a national market and forming a global enterprise.  While it may seem like little is happening, there are things happening they put out the 10-12G/A on June 8.  

On August 8 TGGI announced the Company entered into a share exchange agreement with ZXG Holdings Ltd. and Southsea Global Ltd. on August 3, 2022. Pursuant to the Agreement, the Company acquired 100% of outstanding equity interests of ZXG Holdings Ltd, which holds famous Chinese favored liquor brand and liquor distribution and sales network assets in China. Pursuant to the Agreement, the Company issued 1,465,761,689 shares of common stock to Southsea Global, which was the sole shareholder of the Target. Upon completion of the acquisition on August 8, 2022, ZXG Holdings now becomes a wholly-owned subsidiary of TGGI. 

Mr. Chen Ren, President and Chairman of TGGI, commented: “We are delighted to complete the reorganization of the Company and successfully list our Chinese liquor business via this reverse merger in the U.S. market. Our brand ‘Zui Xian Gui’ is a well-reputed liquor brand with special quality and multi liquor culture. With expanded access to the capital market, we aim to create healthy and good wine belonging to China and the world, creating sustainable value for our consumers and shareholders.” 

 

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TGGI is the latest Reverse Merger (RM) stock to make big moves in pennyland rising steadily as it makes a break for $0.0298; a break over and its blue skies ahead and TGGI has plenty of room to grow from here. The stock trades as if the float is locked up and there is little available stock in the public domain. TGGI has a massive following of investors who note that Chen Ren Feiyang has kept his word and executed on every level as the Company moves forward with its ambitious vision to become a Nasdaq listed global conglomerate. A short-term catalyst is TGGI gong fully reporting OTCQB with the shell risk removed, a big step on its way to Nasdaq that will open up TGGI to a whole new level of investors. Once TGGI breaks over 52-week highs, with little available stock, big things could happen here. In the world of Reverse Merger stocks magic can happen as it did for HRBR which we reported on when HRBR was trading for pennies just like TGGI and now trades for $2.75 per share. We will be updating on TGGI when more details emerge so make sure you are subscribed to Microcapdaily.

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Disclosure: we hold no position in TGGI either long or short and we have not been compensated for this article

The post Trans Global Group Inc (OTCMKTS: TGGI) Steady Rise as RM Runner Executes on Ambitious Plan to Form Big Board Listed Global Enterprise (More on OTCQB) first appeared on Micro Cap Daily.

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Highlights of My Weekly Reading and Viewing

Timothy Taylor, “Some Economics of Pharmacy Benefit Managers,” The Conversable Economist, September 28, 2023. This is the nicest treatment of the facts…

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Timothy Taylor, “Some Economics of Pharmacy Benefit Managers,” The Conversable Economist, September 28, 2023. This is the nicest treatment of the facts that I’ve seen. I confess that I’ve seen PBMs as something of a black box rather than doing the standard middleman treatment that Tim does.

Tim highlights the work of Matthew Fiedler, Loren Adler, and Richard G. Frank in “A Brief Look at Key Debates About Pharmacy Benefit Manufacturers,” Brookings Institution, September 7, 2023.

Ending paragraph:

As in most economic discussions about the role of middlemen, it’s important to remember that they (usually) don’t just sit around with their hands out, collecting money. Some entity needs to negotiate on behalf of health insurance companies with drug manufacturers and pharmacies. Some entity needs to process insurance claims for drug prices. I do not mean to defend the relatively high drug prices paid by American consumers compared to international markets, nor to defend the costs and requirements for developing new drugs, nor to defend some of the mechanisms used by drug companies to keep prices high. But while it might be possible to squeeze some money out of PBMs for slightly lower drug prices, and it’s certainly possible to mess up PBMs in a way that leads to higher drug prices, it doesn’t seem plausible that reform of PBMs is going to be a powerful lever for reducing drug prices.

Thomas W. Hazlett, “Maybe Google Is Popular Because It’s Good,” Reason, September 27, 2023. I think Hazlett is the best writer in economics. This piece is a good sample.

An excerpt:

The innovation was simple in design, complex in execution, and radical in result. The business achieved a rare triple play: First, a robust new web crawler devised a superior method for finding and tagging the world’s digital content, deploying cheap PCs linked in formations to achieve momentous computing power (Brin’s genius). Second, this more prolific database of global digital content was better cataloged. A clever “Page Rank” score evaluated keyword matches, countering the influence of scammers by scrutinizing the quality of their web page links (Page’s inspiration). Third, “intention-based advertising” displayed commercial messages to searchers self-identified as ready to buy. For instance, the internet user wondering about “coho salmon, Ketchikan, kids” gave Hank’s Family Fishing B&B in Alaska a digital target for its 10 percent off coupon, while signaling to Olay not to bother advertising its skin care products. This solved the famous marketing dilemma: “I know I’m wasting half my ad budget, I just don’t know which half.” Businesses loved these tiny slices of digital real estate, and Google mined gold.

Fiona Harrigan, “America’s Immigrant Brain Drain,” Reason, October 2023.

Excerpt:

In June, The Hechinger Report outlined how foreign governments are welcoming U.S.-trained international students. The United Kingdom offers a “high potential individual” visa, which authorizes a two-year stay and is available to “new graduates of 40 universities….21 of them in the United States.” Recruiters from Australia are “attending job fairs and visiting university campuses” in the United States. From 2017 to 2021, according to the Niskanen Center, a Washington-based think tank, Canada managed to attract almost 40,000 foreign-born graduates of American universities.

Most international students want to stay in the U.S. after graduating, but very few are able to do so. The U.S. does not have a dedicated postgraduate work visa. Canada and Australia, meanwhile, have streamlined the steps from graduation to employment to permanent residency. Graduates in the U.S. can complete Optional Practical Training, but it does not lead to permanent residency and lasts a maximum of three years.

Personal note: Actually the maximum of 3 years for Practical Training sounds good. When I took advantage of the F-1 Practical Training visa to be on the faculty of the University of Rochester, the max was only 18 months.

David Friedman, “Consequences of Climate Change,” September 24, 2023. David does his typical calm, clear, masterful job of laying out the facts. He takes the IPCC reports as given and then follows the implications, uncovering a lot of misleading claims in the process. While David takes as given that the earth will heat about another degree centigrade by about the end of the century, he lays out why we can’t be sure that the net effects are negative or positive. Watch about the first 35 minutes of his speech, before he gets to Q&A. I would point out highlights but there is zinger after zinger. And he references his blog and his substack where you can get details.

The pic above is of David Friedman giving his talk.

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Russia’s Military Budget Set To Rise By 70%

Russia’s Military Budget Set To Rise By 70%

Via Remix News,

Russian military spending is set to rise by almost 70 percent — to €106…

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Russia's Military Budget Set To Rise By 70%

Via Remix News,

Russian military spending is set to rise by almost 70 percent — to €106 billion — by 2024, according to a Russian Finance Ministry document published Thursday, an increase that illustrates Moscow’s determination to continue its military intervention in Ukraine despite the human and economic costs.

According to the document, Russian defense spending will increase by 68 percent in 2024 compared to this year and will reach 10.8 trillion rubles (€106 billion).

As a result, the amount allocated to defense will represent about 30 percent of total federal spending in 2024 and 6 percent of GDP — a first in Russia’s modern history.

The budget for internal security is set to rise to 3.4 trillion rubles (€33 billion), almost 10 percent of annual federal spending.

The priorities for this budget are outlined as “strengthening the country’s defense capacity” and “integrating the new regions” of Ukraine whose annexation Moscow has demanded, as well as “social aid for the most vulnerable citizens,” just months ahead of the Russian presidential elections in spring 2024.

Conversely, total spending on education, healthcare and environmental protection accounts for barely a third of the defense budget, according to ministry figures. Overall, federal spending will total 36.7 trillion rubles (€359 billion), a dramatic 20 percent increase over 2023.

The government, however, has explained little about how it will finance this large increase, as Russian Prime Minister Mikhail Musustin said last Friday that revenues from the sale of hydrocarbons will be down sharply and will account for “a third of next year’s budget” in 2024, whereas before the invasion of Ukraine, they accounted for half the budget.

The sector used to drive Russia’s growth, hydrocarbon sales are declining due to international sanctions and the European Union’s determination to move away from energy dependence on Moscow.

One indication that the government expects a delicate month ahead for the Russian economy is that it has announced that it has based its budget forecast on the assumption of a dollar worth around 90 rubles, thus betting on a weakening of the national currency in the medium term. The draft budget law for 2024-2026 is due to be sent to the State Duma, Russia’s lower house of parliament, on Friday.

Tyler Durden Sun, 10/01/2023 - 08:10

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Atlantic Overfishing: Europe’s Worst Offenders

Atlantic Overfishing: Europe’s Worst Offenders

Each year, agriculture and fisheries ministers decide on total allowable catches (TACs) for…

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October 1, 2023

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Atlantic Overfishing: Europe's Worst Offenders

Each year, agriculture and fisheries ministers decide on total allowable catches (TACs) for commercial fishing.

Scientific bodies, such as the International Council for the Exploration of the Sea (ICES), provide information on the state of fish stocks around the world and recommend maximum catch levels per zone to ensure sustainable fishing.

However, this scientific advice is all too often ignored by the authorities, jeopardizing the sustainability of marine resources.

Statista's Martin Armstrong shows in the following infographic, based on the latest report from the New Economics Foundation, these European countries are the worst offenders for this, having on numerous occasions set their fishing quotas in the North-East Atlantic in excess of the sustainability recommendations in recent years.

You will find more infographics at Statista

Sweden exceeded its recommended TAC by almost 33 percent in 2020 (the latest year available), equivalent to 12,000 tonnes of fish, followed by Denmark (6 percent, 20,000 tonnes) and France (6 percent, 17,000 tonnes).

Ireland, Belgium, Spain and the UK all exceeded their targets by between 2 and 4 percent.

The year before, in 2019, the overshoot of the sustainable fishing threshold in the zone was even more pronounced: 7 percent of the recommended TAC for Spain, 9 percent for France, 10 percent for Belgium, 18 percent for Germany, 20 percent or more for Denmark, the United Kingdom and Ireland, and 52% for Sweden.

Tyler Durden Sun, 10/01/2023 - 07:35

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