Friday, November 06, 2015 3:27:16 PM
Posted on October 27, 2015
November 6, 2015
Some changes have been made to the OTC. We no longer have to pay $6000 annually to be a PINK CURRENT company. We simply have to just catch up on our accounting which is being worked on at this time. I have had emails and understand people are waiting for financials and I want to be 100% CLEAR.
THE FINANCIALS posted to the OTC to be current will be as follows:
Sales – $0.00, Liabilities/Debt – $0.00, Assets/Cash $105,000.
After we file to be current, GNGR will receive its first payments from licensees the following quarter. We can then elect to move to OTCQB which requires a $10,000 annual fee plus a share price of $.01. Once we are current and move forward a profitable company based on the quarterly payments to GNGR from the licensees, we can then focus on how to structure GNGR to achieve that $.01 (or higher) share price.
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