$GEAR on alert
at .0232! Mega bagger potential here. Fundamentals show that it is worth 11 baggers. Also, news out today see below!
This looks like it's ready to roll~
Short squeeze .26 estimated price per share. http://www.otcmarkets.com/financialReportViewer?symbol=GEAR&id=80707 http://investorshub.advfn.com/boards/read_msg.aspx?message_id=75767210
Total Assets are $13,596,175 up 2400% from last year.
Total Liabilities are $5,893,826 Subtract Liabilities from Assets
and you have a Shareholders Equity of $7,702,349
Now when evaluation of companies takes place, Gold and mining companies are given a speculative Market Value 5 to 7 times its current Shareholder Equity value. Being conservative we use the 5 times formula. $7,702,349 * 5 = Estimated Market Value of $38,511,745. Following the previous calculation of Estimated Market Value divided by O/S $38,511,745 / 147,905,619 = .26 estimated price per share.
Gear International, Inc. Updates Financial Statements, Shows Increased Value and Progress of Business Model
Gear International, Inc. (PINKSHEETS:GEAR) released financial statements demonstrating significant improvement in asset value and cash on balance from 2010 to the current fiscal year. Complemented by a series of asset acquisitions and joint venture agreements on several mining claims, the underlying company financials suggest a fundamental enhancement of shareholder value could soon be realized. GEAR has added 5 mining claims and improved its cash reserves. Additionally, GEAR management is anticipating a market correction in the value of the company's stock after successfully eliminating a hostile shareholder from the float.
GEAR's value to its stockholders continues to exhibit transformational potential. During the period between December 31st 2010 and December 31st 2011, GEAR's stockholder equity transformed from a negative value to over 7 million dollars with minimal public activity or wealth generating capacity. In 2012, management's substantial improved GEAR's brand awareness, activities, and asset claims.
GEAR president Dale Geck affirms: "The industry averages for mining companies possessing producing assets suggest that current and near term shareholders could be observing exponentially increased value within the next few quarters. Company due diligence was unable to yield evidence of a publicly traded company with ownership of a producing gold mine maintaining market capitalization of less than 500 million USD; GEAR has several projects with historical reserve volumes exceeding that number. Over the next 120 days as we register those reserves with today's leading standards, current shareholder values could be rendered obsolete."
About Gear International, Inc.:
Gear International, Inc. was originally incorporated in 1996. The company's strategically focused on gold and silver mining, providing financing for gold and silver mining projects, and precious metals processing and refining.
This press release contains statements, which may constitute "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of Mission Holdings LLC., and members of its management as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-statements include fluctuation of operating results, the ability to compete successfully and the ability to complete before-mentioned transactions. The company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.
Gear International, Inc.
888-550-7067 [email protected]