Global Clean Energy Inc (GCEI)

[TREK54]

CTO UPDATE

Just got off the phone with IR; the issue with the CTO is going to take a bit more time. According to IR what has happened is that the respective Securities Commission have requested that GCEI break down each YE into quarters for audited results.

Previously, GCEI produced audited results however they were not broken down into quarters.

IR mentioned they are very frustrated with this from their end but there is 4 of them working on this. While the statements do not need to be re-done, the act of classification and re-organizing several YE's into quarters will undoubtedly take some time.

IR mentioned they were looking to provide the quarterly statements by middle of next. As this would appear to be the only item holding back GCEI in order to be "properly reporting", I would estimate between the receipt of the revised statements, the review and and the feedback we're looking at another 2 weeks for the CTO.