TVOG Q&A for Investors
Where is the money coming from to finance these acquisitions and assumed expansions of the acquired companies? If it is a bank or finance company, can that be shown to investors?
Turner has been very fortunate in structuring a partnership with an established investment bank sponsor to underwrite the M&A transactions. This is being done to avoid any overly dilutive or toxic financing that many micro cap companies are faced with. There...read more
If Turner is going to branch into many different industries, can those be talked about as to what they are?
Anything that Turner has talked about recently in prior press releases and website updates is still being actively discussed as a possible incoming acquisition other than the seafood franchise. This includes Turner targeting a hemp and health cafe company as...read more
What is the company’s strategy moving forward when it comes to acquiring companies? Do they plan on being a holding company targeting one specific market or a company that acquires companies in many different industries?
Turner has structured itself to become a venture holding company that invests in and supports development of companies. As companies are brought in, some will be kept as 100% assets for the company to use as building blocks for its core acquisition strategy, and...read more
How does the company plan on running the companies it acquires? Letting the current management run things or will Turner bring in their own team?
Turner will be the parent company of each company acquired, and will own all or some percentage in each. As such, the management of each company acquired will be evaluated on its own merits by an expert team of financial advisors at the financial institution...read more
Yes. As different companies are acquired, experts from the industries that those companies belong too will be brought onto the turner team to help with the transition and successful operation of each business.read more
The overall process is very extensive but Turner has outlined an aggressive plan that will allow for it to reach new tiers once it qualifies for each level. The first of course is the OTCQB which should be obtainable once all audits have been completed. The goal is to...read more
What does Turner plan to do in regards to having investor conference calls? Will that be something that Turner does on a regular basis from here on out?
Absolutely. As soon as the rollout of companies begins to happen shortly, investor conference calls will be occurring on a very regular basis to keep investors informed of company events and operations. In addition, conference calls are planned to take place after...read more
What is the current OS count, float, and does the company have any dilution occurring other than what will be used for acquisitions?
The current share structure is as follows: Authorized: 500,000,000 Outstanding: 92,943,470 Float: 69,295, 918 Regarding any current dilution, while there is a small amount of strategic shareholder debt still on the books, any remaining debt is currently planned to...read more
There have been a series of target deals introduced previously about acquiring companies. Based on these updates it seemed that the first major acquisition would have happened last fall at the latest based on previous company updates. What happened?
The first part of Turner’s process to expand from energy exploration to a holding company was to evaluate a number of potential businesses that may be a quality acquisition or investment by Turner. Due to this process and ultimately pivoting in acquisition strategy,...read more
At this stage in Turner’s development, it is not only critical to identify the right platform company in terms of revenues and cash flow, but also what will help establish a strong base to target bolt on acquisitions and accelerate growth. After due diligence was...read more