GCEI is getting ready. Annual out and quarterly due. Looking for updates on following items from annual.
2017 PLANS AND UPDATES:
Since the 3rd Quarter report which updated in detail the corporate activities of the company the progress
being made is as follows:
1. The audits necessary in both GAAP and IFRS (necessary for Canada) are proceeding and the Board
originally thought would be completed by now is hoped to be completed in the second quarter.
2. It is the intent after receipt of the GAAP audits and updates to our quarterly reports based on those
audits that the company file its’ FORM 10 application to seeking full status return to a Fully Reporting
Public Company. Shareholders and the public can look at the company’s earlier Form 10 filing in its’
SEC filings.
3. The Board of Directors will finalize the Company’s lawsuits as it pertains to damages done by certain
third parties both in scope of damages to be sought, individuals involved and location of such filings. The
company has researched its’ damages level and the Board feels confident it will be successful in making a
case on behalf of its’ shareholders.
4. The Scrap tire to fuels project and recovered Carbon Black Project has made progress to completion, is
not done yet but the company is working hard to finalize both acquisitions . There is no question it has
taken substantially longer than anticipated but the profitability is still contained even with the unsettled
nature of the market place.
5. Work on the ALGAE REIT of which the company will be the managing general partner has made
substantial progress and final format and funding options will be completed in the second quarter. A more
detailed report will be issued in the latter part of April, 2017.
6. Further work on the company’s application to obtain a $40 million BBB bond is on hold until our
Scrap tire project is finalized, timing is necessary to obtain the BBB rating.
