The change in control returns TMGI to its prior founder/CEO, resolving a failed acquisition. Watch for the 14f-1 information statement to complete board transition, and monitor whether Foster triggers the $200,000 Apache Creek obligation or whether Bates exercises his Stand-by-Golf unwind right by March 3, 2027.
Price Chart
Executive Summary
Transglobal Management Group (TMGI) regained control from GetGolf.com after GetGolf defaulted on payments under a January 2026 purchase agreement. Marc Angell returned as Chairman, CEO, and controlling shareholder via a new issuance of 200 Series A Preferred shares carrying 80% voting power. The unwind preserves a $2M promissory note to Jacquie Angell, $292,500 in accrued payments owed by GetGolf, and a $200,000 personal repayment obligation on Jeff Foster for Apache Creek funds.
Key Facts
- GetGolf defaulted on payments under the Second Amended and Restated Purchase Agreement; default continued uncured for at least 90 days.
- All 200 Series A Preferred Control Shares were surrendered to the Company; 200 newly issued shares were issued to Marc Angell, giving him 80% voting power.
- Jeff Foster resigned from all officer and director positions; Kelly Kirchhoff resigned as officer but remains a director under a deferred resignation.
- Marc Angell appointed Chairman, CEO, and President effective September 30, 2026.
- GetGolf forfeited all prior consideration; $292,500 in accrued payments and penalties remain owed per Exhibit 1.
- The $2,000,000 promissory note to Jacquie Angell (dated September 20, 2022) is preserved in full.
- Jeff Foster personally obligated to pay TMGI $200,000 if he engages in any Apache Creek Golf Course transaction.
- A Square merchant advance of $385,000, personally guaranteed by Foster, is in default and disclosed as an encumbrance.
- Stand-by-Golf business remains with TMGI, subject to David Bates' unwind right through March 3, 2027.
- The divestiture of Music of Your Life, Inc. and cancellation of 666,700 common shares are preserved.
Financial Impact
GetGolf forfeited prior consideration; $292,500 in accrued payments/penalties owed; $2M promissory note preserved; $200,000 contingent obligation on Foster; $385,000 Square advance in default.
Risk Factors
- David Bates may exercise his right to unwind the Stand-by-Golf acquisition by March 3, 2027, removing a key asset.
- The $385,000 Square advance in default could lead to collection actions against the Company or Foster.
- Accrued $292,500 in payments and penalties may be difficult to collect from GetGolf/Foster.
- Potential undisclosed liabilities or liabilities from Foster's period of control may surface.
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001683168-26-007548 |
| Document: tmgi_8k.htm | 0001683168-26-007548 |
| Document: 0001683168-26-007548-index-headers.html | 0001683168-26-007548 |
| Document: 0001683168-26-007548-index.html | 0001683168-26-007548 |
| Document: 0001683168-26-007548.txt | 0001683168-26-007548 |
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Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 15, 2026 11d ago | NT 10-Q | $0.000100 $0.000100 | · 0.00% | ▼ −1.01% | $0.00010000 (+0.00%) |
Oct 7, 2026 19d ago | 8-K | $0.000100 $0.000100 | · 0.00% | ▲ +0.28% | $0.00010000 (−0.00%) |
Oct 1, 2026 25d ago | 8-K | $0.000100 $0.000200 | ▲ +100.00% | ▲ +98.84% | $0.00010000 (−0.00%) |
Jun 18, 2026 18w ago | 8-K | $0.001500 $0.001400 | ▼ −6.67% | ▼ −6.21% | $0.00010000 (−93.33%) |
Apr 15, 2026 27w ago | 8-K | $0.0600 $0.0560 | ▼ −6.67% | ▼ −8.31% | $0.00010000 (−99.83%) |
Mar 4, 2026 33w ago | S-1 | $0.0750 $0.0705 | ▲ +6.00% | ▲ +4.67% | $0.00010000 (+99.87%) |
US Market Status
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