{"id":6791,"date":"2015-09-08T15:11:32","date_gmt":"2015-09-08T15:11:32","guid":{"rendered":"\/?p=6791"},"modified":"2015-09-08T15:39:26","modified_gmt":"2015-09-08T15:39:26","slug":"global-equity-international-inc-otcbbgequ-wants-to-be-taken-seriously","status":"publish","type":"post","link":"\/articles\/global-equity-international-inc-otcbbgequ-wants-to-be-taken-seriously\/","title":{"rendered":"Global Equity International Inc (OTCBB:GEQU) Wants to be Taken Seriously"},"content":{"rendered":"\n<p><img loading=\"lazy\" decoding=\"async\" style=\"float: right;\" src=\"\/\/s.hotstocked.com\/hotstocked.com\/repository\/articles\/91\/91264\/gequ.png\" border=\"0\" width=\"400\" height=\"178\" \/>Global Equity International Inc (OTCBB:<a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=GEQU\">GEQU<\/a>) lost its OTCQB status at the beginning of the year when it was struggling to maintain a minimum bid price of at least $0.01 per share. The company remained an SEC filer, but it was nevertheless transferred over to the Pink sheets and it&#8217;s been there ever since.<\/p>\n<p>Apparently, however, the management team reckon that this is not where <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=GEQU\">GEQU<\/a><\/strong> belongs. They announced on Friday that they will be sure to file all the documents necessary to regain OTCQB listing. Before they can do that, however, <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=GEQU\">GEQU<\/a><\/strong> needs to remain above the $0.01 mark for at least a month. So, can it? <\/p>\n<p>Well, it&#8217;s certainly off to a good start. It managed to gain as much as 30% during Friday&#8217;s session and it headed into the long weekend with a price of $0.013 &ndash; the highest close since the beginning of the year. The volume was pretty decent as well which goes to show that people believe in the stock&#8217;s ability to stay calm at more than a penny per share. But aren&#8217;t they missing something?<\/p>\n<p>Let&#8217;s open the 10-Q and see what&#8217;s what. <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=GEQU\">GEQU<\/a><\/strong>&#8216;s financials on June 30 looked like this:<\/p>\n<ul>\n<li>cash: $734<\/li>\n<li>current assets: $52,490<\/li>\n<li>current liabilities: $3,899,798<\/li>\n<li>quarterly revenues: $1,140,500<\/li>\n<li>quarterly net income: $372,802<\/li>\n<\/ul>\n<p>Straight away, you can see that the balance sheet is horrendous, and once you delve deeper into the 10-Q, you&#8217;ll see that the lack of cash has led to the issuance of numerous toxic notes over the years. Not surprisingly, these have absolutely drowned <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=GEQU\">GEQU<\/a><\/strong> in dilution.<\/p>\n<p>If you want to get an idea of how bad things really are, you need to consider that between July 1 and August 6, a total of <strong>74,859,795 shares<\/strong> saw the light of day as a conversion of debt at prices ranging <strong>from $0.00045 and $0.0007 per share<\/strong>. The vast number of shares and the absolutely ridiculous discount that the conversion rates represent at the moment mean that <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=GEQU\">GEQU<\/a><\/strong>&#8216;s near-term performance could be quite shaky.<\/p>\n<p>Still, on the bright side, the management team said in the 10-Q that all of the convertible notes have now been retired and they vowed never to use the services of the toxic financiers again. But can they really keep their promise?<\/p>\n<p>Well, the massive revenue growth and the net profit suggest that they might be able to do it. A closer look, however, could raise some eyebrows. If you read through the report thoroughly, you&#8217;ll see that more than three quarters of the revenue logged during Q2 came in the form of an equity stake in Duo World Inc. &#8211; a private company that, in case you&#8217;re wondering, was formed less than a year ago.<\/p>\n<p>Will <strong><a href=\"http:\/\/www.thehotpennystocks.com\/Stock-Quotes\/?stock=GEQU\">GEQU<\/a><\/strong> be able to turn the Duo World common and preferred shares into actual money? We&#8217;ll need to wait and see. In the meantime, treading carefully might not be such a bad call.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global Equity International Inc (OTCBB:GEQU) lost its OTCQB status at the beginning of the year when it was struggling to maintain a minimum bid price of at least $0.01 per share. The company remained&#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":[1735],"class_list":["post-6791","post","type-post","status-publish","format-standard","hentry","category-news","tag-gequ"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/6791","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=6791"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/6791\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=6791"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=6791"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=6791"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}