The company has during the year initiated new plans to adapt not only to the changing environment of clean energy but also the pressures to obtain and manage projects which can provide profitability. Such plans being started
1. Finalizing the commitment of a $40 million bond issue, with the goal of obtaining a BBB rating. The company has been working with packaging this offering throughout the year.
2. The development of the first Algae REIT, with the company being the general partner.
3. Again, finalizing an agreement with our Chinese development partners with which we have been working for the past 3 years.
4. The Form 10 updated with remaining audits will be filed with the SEC in the second quarter. It is fully the intention of the company to return to fully reporting status.
The company will fully announce these plans as final concrete steps are taken.
Additionally, the 2014, 2015 audits in both GAAP and IFRS are being finished for posting.
Likewise, our efforts to have the Cease Trade Order lifted for our Canadian shareholders is ongoing.
Lastly, the company has asked its’ legal counsel to investigate its’ options for action pertaining to slander and libel by certain parties and will announce its’ decision in the second quarter.
www.otcmarkets.com/otciq/ajax/showFinancialReportById.pdf?id=153010
$GCEI ALERT NEWS>$40M BOND 1. Finalizing the commitment of a $40 million bond issue, with the goal of obtaining a BBB rating. The company has been working with packaging this offering throughout the year. 2. The development of the first Algae REIT, with the company being the general partner. 3. Again, finalizing an agreement with our Chinese development partners with which we have been working for the past 3 years. 4. The Form 10 updated with remaining audits will be filed with the SEC in the second quarter. It is fully the intention of the company to return to fully reporting status.
The company will fully announce these plans as final concrete steps are taken.
