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Back to posting. Been a rough ride recently (no pun intended). I just text messaged him. He may not respond (he usually doesn’t). I let him know that I am calling him early next week. Glad to see things are still in the works. Hopefully, he can share some info. Definitely need some communication for sure.
Unfortunately the way things are structured (up to 12 months to fulfill the 1-A filing, looks to be a dependency on exhi legal concerns with Devon, etc) we’ll be lucky to get filings each quarter.
Demonstrated history of little regard for shareholders via any kind of communication unless someone gets the rare opportunity to reach him.
Like watching paint dry. Ugh ! Hamon, something, anything. tia
Could be, as appie queried , we are waiting for introduction of " Innovative Solutions. Inc "?
“Some things take time” … took 7 years for a website update, not holding my breath for news. Hope he surprises us.
Off topic. Splash, you wrote " Markets beeing hit hard today." Asked only in good spirit, did you mean " Markets beeing 'stung' hard today" ? 😇
Hopefully, money will start filtering down into smaller stocks and penny stocks. The big exchanges , imo, have been positioned for a deep dive for a long time. ( ps: ) Hamon, strike while the iron is hot.
For the longest time all we get are filings. Did notice in the 1-a under the Financials Subsequent Events section that they are pursuing audited financials following the 1st quarter filing and attorney letter. That’s a new statement compared to the 1st quarter filing. One would think that would make a penny stock much more credible (or necessary) for some companies to become involved. Time will tell.
I dont know how to make a screenshot but I just googled innovative solutions llc and than sroll down you see innovativesolutionsko.com hope this works for you GEGP $$$
appie, could you link that Innovations website. I can't seem to bring it up. Probably, my computer. TIA
What are we waiting for mr.fytton medworx is done devon ortho is done.or are we waiting for the new ortho name and website ( innovative solutions llc?????) On google there is a new website but not active yet. Is that what thake some time??? Or is there more comming GEGP$$$$
Man would this be a great week to start communicating with us and the investment community. Form type 1-A submitted, filings up to date, and Pink current again. Understand that some things take time, but it’s been SUCH A LONG LONG TIME for any kind of progress report another dead news period would be very disappointing. A robust website at a minimum would be awesome, bridge the gap for (hopefully) deals, mergers, expansion, etc
Website link is on otcmarkets under the company profile
Looking forward to GEGP website update with all the filings, "Enterprise" ,etc
GEGP Pink current otcmarkets GEGP$$$$$
" Cathy Julian, Chief Financial Officer and Director
Cathy Julian is a CPA and has managed a series of family owned businesses in the medical device space for over 10 years. She is the spouse of Mark Julian and both arranged the acquisition of Devon Ortho, now Innovative Solutions LLC, in December 2002. She joined the board of Directors and serves a the company CFO since that time. "
also In the 1A filing cathy julian also holds 3.5 b shares and it also says she and mark arranged the aquisition of devon ortho ( now innovative solutions llc) does this means ortho is now innovative solutions or am I reading that wrong????? GEGP$$$$
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=174800826 . 19 employees presntly with more hiring forthcoming. At .0001 x .0002 , this could be an opportunity of a decade, imo
Hopefully Mr Fytton has things lined up and the future targets (and potential investors) in the orthopedics space will surpass the fund raising targets of the offering.
Sure seems prime for companies beyond just Devon to reverse merge through GEGP to go public and build a conglomerate in the space. That’s what seemed to be happening with the switch from Entertainment to Enterprise move, maybe it’s more streamlined in the original configuration of Gold Entertainment. Freshening the social media in combination with the current filings would sure make a difference.
Fingers crossed 🤞
Spent over 3 hours last night reading articles about orthopedics . Very enlightening. Big industry and big growth projection. Go GEGP.
Great news ,things ara rapidly progressing, and the keep in mind use of proceeds :).."Orthopedics is the most prevalent, most expensive, and fastest-growing categories in US healthcare." PLUS the Pres. Hamon Fytton track record of sharehlder value , stocks going to dollars. Bullish
I like and agree with that perspective, thanks for sharing
I think the key is the way the shares are being sold. Typically penny stocks would just raise the O/S and dump the shares in the market to make some quick cash for themselves, those are the typical penny pump and dumps. This seems more strategic and looking for actual partners that will not be buying these shares to dump them immediately. Especially because they are paying .00015 and not .000001 like typical pennies at this level.
Like everyone else I'm still frustrated with how long this has all been taking but I'm still here and believe we'll be rewarded in the future.
GEGP
Really hoping there’s news soon. A best case scenario is that there are investors lined up and this moves fast. A successful $1 million capital raise to possibly add Devon employees (thanks for spotting that Appie) and expansion in the medical field doesn’t seem like much in todays financial environment, but there could be other things in play.
The nerves kick in when a .0001 stock pushes toward the max of 25,000,000,000 shares, seen a lot of penny stocks that don’t survive very well in that structure. Unfortunately long time investors get the short end of the stick, hopefully Mr Fytton has the integrity to take that into account he’s been doing this a long time
My opinions only …
Nice trades GEGP$$$
Wow ! Rather than having read a cursory reading of the A-1, I just reread the entirety of it. Very impressed of it's length, scope, detail and clarity. Again, very impressed. Also, appie, thanks for pointing out "Employees:
'Currently, the company has 19 full time employees in the various healthcare operations.' The company may hire an additional number of employees as needed after effectiveness of this offering primarily to support our acquisition and development efforts." Your post led me to the insightful and explanative 2nd read. Thank you, appie
From A-1 " Growth Strategy:
The Company will expand its healthcare operations upon completion of this offering, and following a successful capital raise. The timing of commencement of expanding operations may be influenced by our relative success of this offering. We may not raise sufficient proceeds through this offering in order to fully execute our business plans."
I hope so if you see the A1 filing gegp has 19 fulltime employees they all must be working at devon ortho imo thats the only company owned by gegp. It looks good imo GEGP$$$$
With all of the time and work bringing up to date filings, change to Wyoming, name change, Devon, website signaling, atty letter, etc, etc, I suspect Hamon has a grand plan for GEGP and is actively pursuing it and this 1-A is a positive development. imo
you are correct on the number- here is part of the filing:
Our Articles of Incorporation authorize the issuance of 25,000,000,000 shares of Common Stock; up to 5,000,000 shares of Preferred Stock. As of July 15, 2024, the Company has 16,812,001,513 shares of Common Stock, and As of the date of this offering, there are 2,000,000 PREFERRED SERIES A (super voting only) and 322,000 PREFERRED SERIES B (convertible) shares have been issued and outstanding. If we sell the entire 4,000,000,000 shares of Common Stock in this Offering, we will have 20,812,001,513 shares of Common Stock issued and outstanding. Accordingly, we may issue additional shares of Common Stock at a later date to employees or for services. The future issuance of common stock may result in substantial dilution in the percentage of our common stock held by our then existing shareholders. We may value any common stock issued in the future on an arbitrary basis. The issuance of common stock for future services or acquisitions or other corporate actions may have the effect of diluting the value of the shares held by our investors, and might have an adverse effect on any trading market for our common stock.
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
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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