π£: To understand changes, place yourself as Chen/Tang. They are embarking on a decades-long journey planned for years.
π§ : Think like a large company. Think like a Conglomerate!
ππΌ
$TGGI:
π£: STEP 1 - Set Authorized Shares HIGH enough so you never have to come back and amend the Articles of Incorporation again.
π§ : HUGE companies do this all the time with low OS: check JD.COM, Apple, Tencent , etc.
β : This is what $TGGI did 12/1.
ππΌ
$TGGI:
β: Step 2 - Always maintain control over your corporation. Prevent hostile takeover. (HBO - Succession? Anyone? π€)
π§ : Control can mean majority of shares, majority voting rights, and ability of Board of Directors to Amend Articles at anytime.
π: Now for MATH.
ππΌ
$TGGI:
π: Notice Updated Share structure.
- Authorized to issue 100B
99,995,000,000 Common
+ 5,000,000 Preferred = 100B.
Both Preferred Series B and AA are convertible at rate of 10K per Preferred.
So 5,000,000 X 10,000 = 50B
Got it? Room 5-7? π
ππΌ
$TGGI:
π§ : This means 50B Common Shares is always secured via Preferred.
50B (Preferred Converted) divided by 99,995,000,000 (Total Commons) = 50.0025%.
β: $TGGI Board will ALWAYS maintain control of 50.0025% (majority voting rights). Prevents hostile takeover (Rule #2).
ππΌ
$TGGI:
π: BUT! Notice $TGGI ONLY issued 1.5M out of the 5M Preferred Shares. That converts to 15B commons (potential, not converted!)
Therefore:
8,665,578,306 (OS) + 15B = 23.6B
Pre-Amendment:
12B (Total AS - of which 8.6B is OS) + 12B (Preferred Convertible) = 24B
ππΌ
$TGGI:
π£: Whatβs my point? Itβs not a coincidence that 23.6B (NEW) and 24B (OLD) are ALMOST EXACT.
π§ : IMO, $TGGI had all their plans set out for this SS. They know who gets what already!
π£: How many times have we said SURGICAL?!
ππΌ
$TGGI:
βοΈ: Canβt stress above enough. If you want to protect higher potential OS (letβs say to 40B), then you should be issuing AT LEAST 4M Preferred (40B commons potential) to control company (RULE 2!).
π£: They only issue to meet previous AS and Preferred (less than 24B)
ππΌ
$TGGI:
π§ : But why change to 100B?
π£: They had to change it anyway! Previous total AS was only 12B. They needed minimum of 24B AS to convert 12B Preferred, if needed.
Solves for both rules 1 + 2: Set AS high once! Protect Your company!
ππΌ
$TGGI: THEORY #1
Q: Why was Tang crossed out before?
A: Maybe they did not have a proper corporate Annual Meeting. Of which they did on 12/1 and subsequent SOS change with Delaware. Maybe they made Tang Board Member, which gave majority voting rights to make changes.
ππΌ
$TGGI: TIDBITS:
1. The OS could have been increased at any time post-Amendment. (IT HAS NOT)
2. The Preferred Stock has been issued and can be converted anytime to higher OS (IT HAS NOT).
ππΌ
$TGGI: π¦ CONCLUSION 1 π¦
π£: If you have a rule that you wonβt be in a ticker with large AS, all good.
π¦: But weβve been following $TGGI for a year now. To compare it to $GGII or $FBCD is simply insane. Just means youβre laughing at the 100B and donβt really know $TGGI.
ππΌ
$TGGI: π Conclusion 2 π
π: An entire #OTC laughing at me couldnβt shake my conviction. This is just me. Iβll see whoever else at the top or sleep just as fine for having the courage to be the Man in the Arena. Make your own decision.
π¦
β’ β’ β’
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π§ : When ZuiXianGui Beverage Incorporated on 6/20/19, the βprivateβ company was formed with 800,000 shares.
π: One month later, they increased the share amount by 99,200,000 to an even 100,000,000.
(1/4) ππΌ
$TGGI:
π: Now see one year later, they file their Annual Return. It reflects the increased amount.
π§ : This is a βprivateβ company that for some reason wanted to reset to the even 100M. This is not dilution. This is share structure preference! And Chen holds all 100M!
(2/4)
$TGGI:
π£: THIS IS EXACTLY WHAT WE SAW for $TGGI.
800K π 100M for ZuiXianGui
8.6B π 100B for $TGGI
IMO, this is NOT to be diluted. This is to reset to their desired SS, and which is common for large companies! (See JD.COM SS below!)
As you read, it will be normal to wonder if itβs too good to be true. But for π¦s, the question is not βWhat if the DD is wrong?β
π£: Rather, βWhat if itβs right?β
You decide.
ππΌ
$TGGI: CHAPTER 1
β¨ CEO - CHEN REN β¨
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.
ππΌ
$TGGI: CHAPTER 2
π· ZUIXIANGUI WINES π·
Formed 08/2019, it produces over 4,000 tons (11M 1 Liter bottles) annually using patented methods of production on an operations site of more than 300 acres.
11M X $30USD (wholesale) = $33M revenue (CONSERVATIVE!)