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I think it's actually 4,000,000,000 being offered at .00015.
The other 3,000,000,000 are not dilutive because they are already in the O/S. Seems like one of the controlling shareholders is most of their stake.
GEGP
per Investopedia " Types of Secondary Offerings
Secondary offerings come in two different forms. The first is a non-dilutive offering while the other is referred to as a dilutive secondary offering. We've outlined the differences between each below.
Non-Dilutive Secondary Offerings
A non-dilutive secondary offering does not dilute shares held by existing shareholders because no new shares are created. The issuing company might not benefit at all because the shares are offered for sale by private shareholders, such as directors or other insiders, such as company insiders or venture capitalists, who want to diversify their holdings.
The increase in available shares allows more institutions to take non-trivial positions in the issuing company, which may benefit the trading liquidity of the issuing company's shares. This kind of secondary offering is common in the years following an IPO, after the termination of the lock-up period.
1
Dilutive Secondary Offerings
A dilutive secondary offering is also known as a subsequent offering or follow-on public offering (FPO). This offering occurs when a company itself creates and places new shares onto the market, thus diluting existing shares. This offering happens when a company's board of directors agrees to increase the share float to sell more equity.
When the number of outstanding shares increases, this causes the dilution of earnings per share (EPS). The resulting influx of cash helps the company achieve its longer-term goals, or it can be used to pay off debt or finance expansion. This may not be positive for the shorter-term horizons of certain shareholders."
Attorney letter out GEGP$$$$
I’d like to be wrong but it looks like they are asking for investors to buy into (possible/probable) dilution with the promise of using the proceeds to acquire future additions? Unless there’s going to be some marketing blitz beyond caught up filings over the past couple of years, what would be the compelling argument to buy into an entity that’s been dormant and has had zero communication for so long?
Why not partner with the relationships already in existence (the Julian’s, etc)? Hopefully a better explanation is coming … the form is a lot of legal wrangling unless there’s something else (hoping bigger) coming.
offering price .0001-- not good ----
shares offered 7,000,000,000
Form 1-A filed GEGP$$$$
I know thanks GEGP$$$
Thanks Appie. BTW in my post I meant I might be wrong about remembering that, not you 🙂
If you google devon orthopedics exlite holdings you see Trellis Law. Case devon orthopedics vs exlites holdings filed june 23 2023 latest update june 07 2024 GEGP$$$$
Definitely agree. I think Appie pointed out (could be wrong) that the legal issues with Devon are with Exhi … once that gets resolved we should take off as that’s a good tangible asset to get the ball rolling
Not if, but when it runs, it is really going to run., imo
Thank you for that post, spot on.
GEGP
GEGP methodiccally doing the filings and no pump , just taking care of business. Confirmed in latest ANNUAL REPORT filing, GEGP is invloved in the "Distribution of orthopedic products, through Devon Orthopedic Implants llc. There is no Legal proceedings listed either.
Orthopedics is the most prevalent, most expensive, and fastest-growing categories in US healthcare. VERY BULLISH.
Hamon has a heck of a big stake in GEGP. Can't wait to see a PR. From Annual Report : shares owned : " Hamon Francis
Fytton
President/Director... 3,309,500,000 Common 34.4% "
A .31 cent sale. Come on, man.
I have a feeling that Hanis T and Stevec (sp) will be dropping by soon, which will be most welcome.
maybe a name change from devon ortho to specialized home medical services a companie owned by fytton(see francis fytton linkedin)???????GEGP$$$$$
We’ve been caught up before, probably only news will bring new eyes and new investors. That’s why I’ve been hoping for the easier communication things like an updated website, a newsletter, etc
Keep hoping …
At this pps, any experienced trader who does DD should find this stock, with a high probability of running. imo. I mean, for crying out loud .0001 x .0002 . No brainer with all filings, etc.
Be great if those legalities around Devon were solved … there’s been some volume the last couple of days. Hopeful
Devon orthopedics website is down?????? GEGP$$$$$$
Not sure, but I think, if so, it will be mere formality, imo
Agree - do you think another attorney letter is due for the 2nd iteration of the annual? That’s all I can think keeping this from Pink current
Believe all filings from all years to present complete. imo
Of course he is still reading this board!
GEGP$$$
Mr Fytton - if still reading the board how about a continuation of utilizing the website to house information more current than 2017? A profile on Cathy Julian and/or other board members? A newsletter that doesn’t give anything away about what could show up in a PR but a connection with investors? Assume there’s going to be another attorney letter for the second update annual update, would be great timing to have a useful communication resource above and beyond the filings on the otcmarket. Let us know we matter.
Another year end amended (#2) as of 7/10, didnt look through it for the change. Maybe we’re getting closer to some kind of news?
GEGP going through a dry spell.....can't wait for that news update.
Excellent recap StockSeed, agree whole heartedly. Saving a PR for the appropriate time is understandable, hopefully a blend of options to keep us encouraged could happen too. I always thought a new look or modernized website would show us and future investors that the company is the real deal, a great extra avenue to store information
Correct. I think they are working on more and bigger deals than we think.I also am happy with the fytton post GEGP$$$$
In and of itself, to an outside observer, the words and the page might seem of no significance. Candidly, as a long-time investor in GEGP, I'm delighted. As all of the filings are either complete or almost complete, the Wyoming current status all current and the fact that, although brief, the words, imo, message to shareholders, that progress and projects are in the works. With the understanding that it is neither prudent nor advisable for management to put out a PR prior unless content is valid and verifiable, I think that the message is clear. Thank you Hamon. I'm adding more shares.
Thanks Appie. Deals and relationships take time, but in today’s day and age communication doesn’t take that much time to share via avenues like a website and newsletter. Maybe it’s a sign of things to come!
why no sharestructure updatefor for two weeks now. New sharedeal (exeeder) comming ????? GEGP$$$$$$
Wow a post from fytton on the gegp website= SOME THINGS TAKE TIME= GEGP$$$$$
Attorney letter out for the revised annual as of today 7/3 should be pink current again soon. News would be very welcome
Attorney letter out for current status... $GEGP
A cold or jet lag doesn’t make sense, Hamon’s been like this for years 🙂
LOL! And a very long jet lag!!
Even by the theory of " the process of elimination", I cannot see how Hamon cannot not put out some sort of PR. What possible reason, can we not get any, even most miniscule update. Maybe he's got a cold or jet lag like someone else in the news cycle. 😴
Very encouraging that filings are being brought up to date. Hopefully some coordinated activities between the entities of Gold Entertainment in otcmarkets and the (active again) Gold Enterprise in the Wyoming. As we’ve been saying all along why all the activity unless there’s something brewing
Beautiful ! per Wyoming site
" This detail reflects the current data for the filing in the system.
Name
GOLD ENTERPRISE GROUP, INC.
Filing ID
2023-001237371
Type
Profit Corporation - Domestic
Status
Active
Sub Status
Current
Initial Filing
03/14/2023
Standing - Tax
Good
Standing - RA
Good
Standing - Other
Good
Term of Duration
Perpetual
Formed In
Wyoming
Fictitious Name
Principal Office
2412 Irwin St
Melbourne, FL 32901
USA
Mailing Address
PO Box 690041
Florida, FL 32969
USA"
Item 1.01 Entry into a Material Definitive Agreement.
On June 27, 2018, Gold Entertainment Group, Inc. ("we" or "Company") entered into an agreement with IceLounge Media Inc., a Wyoming corporation ("ICELOUNGE"), (the "Agreement"). Pursuant to the terms of the Agreement, the Company authorized a new class of Preferred Shares. The new class, SERIES B Preferred Shares were issued as part of the payment due to the Company's Former CEO and Director, Mr. Fytton, for the acquisition of the Company's controlling block of Series A Preferred Stock, by ICELOUNGE; whose rights remain unchanged.
Under the Terms of the Agreement, Mr. Fytton, is owed seventy-five thousand dollars ($75,000.00) following the Closing Date and registered as Preferred B Shares issued by GEGP and recorded with its Transfer Agent, being Island Stock Transfer of Clearwater, Florida. On August 20, 2020, Gold Entertainment Group, Inc. ("we" or "Company") amended the Agreement, (see Exhibit 10.1 attached) with Mr. Fytton which is summarized as follows. An immediate payment of five thousand dollars($5,000.00)was paid to reduce the outstanding balance to seventy thousand dollars($70,000.00).
Further the Amended Agreement, ITEM 2 CLOSING, added the following additional provisions;
Adding:
(e) SELLER shall retain, following the Closing, the domain name GOLDENTERTAINMENT.com for its exclusive use. SELLER shall forward any email correspondence to CEO@, CORP@ to a new email address supplied by the BUYER for a period of one year, following the final payment owed to the BUYER, being paid in full per the Terms and Conditions of this Agreement and amendments.
(f) SELLER shall cause a share dividend to be made to its registered shareholders of record on or as soon as possible following the CLOSE of this Agreement. This dividend shall be made in a manner and time determined by the SELLER. The SELLER shall be responsible for all costs associated with this transaction. The SELLER shall exclude from the dividend, the Officers and Directors of the Company.
The Amended Agreement came into effect September 4, 2020, following the transfer of funds to Mr. Fytton.
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