{"id":3158,"date":"2013-11-12T16:11:18","date_gmt":"2013-11-12T16:11:18","guid":{"rendered":"\/?p=3158"},"modified":"2013-11-12T16:11:20","modified_gmt":"2013-11-12T16:11:20","slug":"global-earth-energy-inc-otcmktsgler-continues-to-fall","status":"publish","type":"post","link":"\/articles\/global-earth-energy-inc-otcmktsgler-continues-to-fall\/","title":{"rendered":"Global Earth Energy, Inc. (OTCMKTS:GLER) Continues to Fall"},"content":{"rendered":"<p> <img loading=\"lazy\" decoding=\"async\" style=\"float: right; margin: 3px; border: 1px solid black;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/20GLER_chart.png\" border=\"0\" alt=\"20GLER_chart.png\" title=\"20GLER_chart.png\" width=\"400\" height=\"178\" \/>Another red session marked the beginning of this week for Global Earth Energy, Inc. (OTCMKTS:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=GLER\">GLER<\/a>). The ticker seems to be gathering momentum in a downward direction and the lack of positive news from the company doesn&#8217;t work good for the stock&#8217;s price. <\/p>\n<p>The past week was disastrous for <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=GLER\">GLER<\/a> and the ticker lost more than 40% in value, despite the November 7 press release announcing the three year revolving line of credit from Southstar Capital of Charleston, SC.<\/p>\n<p>This week didn&#8217;t start well either. Yesterday, <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=GLER\">GLER<\/a> dropped a hefty 24% in value, while the volume of traded stock was more than double its average. The total amount of shares that switched hands came at 177 million and generated $331 thousand in dollar volume.<\/p>\n<p>If you have followed our articles covering <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=GLER\">GLER<\/a>, you would know that they are not one of the rosiest companies in the OTC markets and the numbers of prime interest from their latest quarterly report are as follows.<\/p>\n<p>&nbsp;<\/p>\n<ul>\n<li>cash: $0<\/li>\n<li>total assets: $0<\/li>\n<li>total liabilities: $6 million<\/li>\n<li>revenue since inception: $0<\/li>\n<li>quarterly net loss: $405 thousand<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" style=\"float: left; margin: 3px; border: 1px solid black;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/396LOGO.png\" border=\"0\" alt=\"396LOGO.png\" title=\"396LOGO.png\" width=\"150\" height=\"49\" \/><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=GLER\">GLER<\/a> is a speculative play by all means, considering the fact that since they re-entered development stage on March 1, 2010 they have recorded a whopping net loss of 37 million dollars and have not produced anything yet.<\/p>\n<p>This definitely isn&#8217;t how a company should operate. If that amount of money was put to good use, with the given amount of time, a company should be able to at least produce some revenue, even without getting out at a profit.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" style=\"float: right; margin: 3px; border: 1px solid black;\" src=\"http:\/\/www.hotstocked.com\/articles-img\/small\/8XXII_chart.png\" border=\"0\" alt=\"8XXII_chart.png\" title=\"8XXII_chart.png\" width=\"350\" height=\"156\" \/>Unfortunately this isn&#8217;t the case with <a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=GLER\">GLER<\/a> and we would advise you to do your due diligence and weigh out the risks if you have any thoughts of betting on this speculative play.<\/p>\n<p>22nd Century Group, Inc. (OTCBB:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=XXII\">XXII<\/a>) also started the week on a bad foot. The ticker lost some 14% of its value on a volume that was the highest in more than a month. Alkaline Water Co. Inc. (OTCBB:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=WTER\">WTER<\/a>) is the other addition to Monday&#8217;s losers with a 10% loss.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Another red session marked the beginning of this week for Global Earth Energy, Inc. (OTCMKTS:GLER). The ticker seems to be gathering momentum in a downward direction and the lack of positive news from the&#46;&#46;&#46;<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[230,916,757],"class_list":["post-3158","post","type-post","status-publish","format-standard","hentry","category-news","tag-gler","tag-wter","tag-xxii"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/3158","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=3158"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/3158\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=3158"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=3158"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=3158"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}