🔴 TJGC Group is trading 5.2% down in pre-market after dual-class shares were approved

TJGC Group is trading 5.2% down in pre-market at $3.47 after shareholders approved Class A and Class B shares at the adjourned August 7 EGM.

• Implementation is by August 31; shares fell 11.17% to $3.66 on August 6 and 23.13% on August 5
• The governance restructuring gives insiders enhanced voting control, extending investor concerns
• Bitcoin and Ether are modestly higher, so crypto-market weakness does not explain the decline