OTC Markets will provide our Company with Live Level 2 once the Company´s share commence trading on the OTC QB again. GEQU Website
GEQU Security Details
https://www.otcmarkets.com/stock/GEQU/profile GEQU Management has locked up their shares until September 27,2020
| ||Market Value1 ||$2,732,779 ||a/o Jan 19, 2018 |
| ||Authorized Shares ||950,000,000 ||a/o Dec 29, 2017 |
| ||Outstanding Shares ||525,534,409 ||a/o Dec 29, 2017 |
| ||-Restricted ||164,953,249 ||a/o Dec 29, 2017 |
| ||-Unrestricted ||360,581,160 ||a/o Dec 29, 2017 |
| ||Held at DTC ||358,152,367 ||a/o Dec 29, 2017 |
| ||Float ||293,581,160 ||a/o Oct 09, 2017 |
| ||Par Value ||0.001 |
Lock-in period on Preferred “B” Class of Shares.
Management of Global Equity International Inc. have agreed to lock-in and not convert any of their personally owned Preferred “B” shares to Common Stock until an earliest date of September 27, 2020 (previously November 12, 2017). This new lock-in date, September 27, 2020, equates to the same lock-in period of the recently designated and issued Preferred “C” class of shares.
GEQU also limited the Dilution to their stock with the below deal with Mammoth Corp.
Global Equity International Inc. Successfully Agrees on a Payment Plan with Mammoth Corporation in Order to Suspend Further Dilution of its Stock
Dubai, Dec. 07, 2017 (GLOBE NEWSWIRE) -- Global Equity International, Inc. (OTCQB: GEQU) and Mammoth Corporation would like to jointly announce that both parties have executed a legally binding agreement whereby Mammoth Corporation agreed to suspend further conversion of debt into equity and receive the remaining outstanding debt in six equal and manageable payments commencing January 15, 2018 and ending June 15, 2018. Subject to the agreement, Global Equity International Inc. agreed to allow Mammoth Corporation to execute one final conversion into equity, as it was their contractual right to do so anyway. In order to mitigate this final conversion, both parties agreed that Mammoth would be limited to a dribble-out and only be able to sell at a maximum rate of 15% of the Company´s daily trading volume. This dribble-out selling limitation should inherently allow the Company´s stock to continue to trade unencumbered.
Enzo Taddei, CFO of Global Equity International Inc., said: “I am very happy with the deal that I struck with Mr. Brad Hare, President of Mammoth Corporation, as it now allows us to finally put a cap on dilution and also allows us to maximize and manage the minimum US$2.64 million capital funding that we contractually agreed and expect to start to receive from William Marshal Plc. in tranches within this month of December. I have found Mammoth Corporation, and in particular Mr. Hare, to be serious industry professionals; they actually listen to the companies that they invest in and are always willing to make accommodations when it makes sense to do so. In the past, Mammoth has converted part of our debt to equity but has never proven to be an aggressive seller of our Company´s stock.”
Brad Hare, President of Mammoth Corporation, said: “After seeing the recently announced accomplishments of Global Equity International, we are confident that entering into this agreement will help the Company toward achieving its long term goals and enable management to execute on its business plan. As an additional vote of confidence, we think it will further benefit the Company to limit our possible sales with the inclusion of a dribble-out agreement.” GEQU Management has announced an awesome funding agreement
Global Equity International Inc. Agrees to a Minimum of US$2,700,000 of Capital Funding with Xantis Private Equity and Also up to a Further US$2,700,000 with William Marshal Plc.
A Potential Aggregate of US$5,400,000 of Capital Funding
DUBAI, UAE, Jan. 16, 2018 (GLOBE NEWSWIRE) -- Global Equity International, Inc. (OTCQB: GEQU) and its fully-owned foreign subsidiaries, a specialist consultancy firm with offices located in Dubai and London, would like to announce that on Friday, January 12, 2018, management filed a Form 8-k with the Securities and Exchange Commission. The Form 8-k filed formally disclosed a recently executed Funding Agreement with Xantis Private Equity and also a novated Funding Agreement with William Marshal Plc.
Xantis Private Equity Funding Agreement: On January 11, 2018, the Company entered into a legally binding funding agreement with Xantis S.A., a company incorporated under the laws of Luxembourg that is the legally appointed fund management company of Xantis Private Equity, a sub-fund of Xantis Investments Securitisation Fund, pursuant to which the Xantis Private Equity, through its management company, agreed to lend Global Equity International Inc. a minimum of £2,000,000 (approximately US$2.7 million). The parties agreed that loan would be funded in one or more tranches commencing within the month of January 2018. It was further agreed that each tranche of funding would be evidenced by a Convertible Note, bearing interest at 6% per annum and this interest on the Convertible Notes would be payable semi-annually. In accordance to the agreement, the Convertible Notes will mature on the 366th day following issuance. The principal and any accrued, but unpaid, interest outstanding on the Maturity Date shall be mandatorily converted into shares of our Common Stock. The conversion price under the Convertible Notes shall be equal to the greater of US$0.02 or the average closing price of Borrower’s Common Stock on the Over-the-Counter Bulletin Board for the prior 60 trading days (subject to equitable adjustments for stock splits and similar events). On Friday, January 12, 2018, Xantis Private Equity through their management company wired an initial tranche of funding amounting to £296,000 or US$400,000.
William Marshal Plc. Novated Funding Agreement: On November 20, 2017, the Company announced that it had entered in a funding agreement with William Marshal Plc., a United Kingdom Public Limited Company listed on the Cyprus Public Exchange Emerging Companies Market. The terms of this agreement were identical to the terms of the recently agreed Xantis Private Equity Funding Agreement. On January 11, 2018, the Company and William Marshal Plc. mutually agreed to novate the previous agreement changing the minimum £2,000,000 (approximately US$2.7 million) of funding to a maximum of £2,000,000. This new agreement was to supersede entirely the November 20, 2017 agreement. Each tranche funded will also be evidenced by a Convertible Note. The loan will carry a 6% coupon and will convert on a mandatory basis 366 days from the date that each tranche is funded. The conversion terms are also identical to that of the Xantis Private Equity Funding Agreement, the greater of US$0.02 or the average closing price of Borrower’s Common Stock on the Over-the-Counter Bulletin Board for the prior 60 trading days (subject to equitable adjustments for stock splits and similar events).
These two Funding Agreements are a major milestone in the development for Global Equity International Inc. allowing the Company to properly implement its business plan, growth by acquisition, and know that firm commitments can be made in the coming days, weeks and months.
The Capital Funding received will mainly be deployed for inorganic growth via acquisitions of various advisory firms with funds under management, reduction of indebtedness and general working capital purposes.
Over the last 12 months, management has identified various Advisory Firms with Funds Under management, in the United Kingdom and also South East Asia, managing circa US$180,000,000 of Funds.
In June of 2017, management executed letters of intent to acquire two advisory firms with circa US$90,000,000 under management and in excess of 700 clients. The first being a financial advisory firm fully licenced by the United Kingdom Financial Conduct Authority (FCA) with approximately US$51,000,000 of funds under management. The second company is an Isle of Man based “Discretionary Fund Management Group” with approximately US$39,000,000 of funds under management.
On October 25, 2017, management executed a letter of intent to acquire two Asian based financial advisory firms with approximately US$90,000,000 of funds under management. These two advisory firms have a client base into the thousands, a small but highly effective distribution force, 20 more staff and a true regulatory diversification with a second footing in the ever expanding Asian markets.
All four of these targeted acquisitions have been in business for many years, are cash flow positive and profitable and have a firm stronghold position within the financial services sector.
Link to SEC 8-k filing: https://www.sec.gov/Archives/edgar/data/1533106/000149315218000473/form8-k.htm
Peter Smith, CEO of Global Equity International Inc., said: “We started the research for the acquisitions in June 2016 and had identified 9 key targets by February 2017. We executed letters of intent with 4 of those targets mid to late last year and have finally put the last piece of the jigsaw together with the funding commitments from Xantis Private Equity and William Marshal Plc. last week. As I have stated in prior press releases, this financial services division is tremendously significant to our ongoing growth. Whilst the initial acquisitions offer good revenues and profits, the hidden values can be much more significant to our Company by having multi-licensed distribution teams in different regions around the globe. We will now step up the research on the next wave of acquisitions with licensed targets again in the UK and South East Asia where we intend to become “the go to Company” for retail financial management. We grew a business similar to this previously, but that was very much a one dimensional company in financial services only; if we could have added into that business a recruitment arm to supply qualified manpower and a capital markets arm to find attractive emerging companies and assist with funding them, we would have had the perfect financial offering. That is exactly what we are building now.”
Enzo Taddei, CFO of Global Equity International Inc., said: “A lot has happened in the last couple of months. In December of 2017, we incorporated a United Kingdom based subsidiary called Argentum 47 Financial Management Limited; this company is fully owned by Global Equity International Inc. and will be the vehicle that acquires the targeted advisory firms with funds under management. Also in December of 2017, we also managed to put a stop to any further material dilution of our stock by agreeing a payment plan, with a Noteholder, on the balance of our convertible debt and we are now in a position to honor the payment plan, in a timely manner, as agreed. Today, we find ourselves with a defined road map to follow: soon we will enter into a legally binding agreement with the owners of each targeted acquisitions and then commence the process of getting all of these targeted acquisitions audited, as the closing of these acquisitions will be very much subject to a successful audit. Seeing as time is money, we have worked diligently over the last few weeks to collate all the necessary due diligence and information required in order to put together a comprehensive audit package for the auditors. Whilst we were in London in December, we interviewed various knowledgeable and experienced people in the financial services sector as we will soon need to start to add to our team as we implement our growth model. It has been difficult getting to the point that the Company is at today but looking back, I believe that the sacrifice has been more than worth it. We have a lot of work ahead of us, especially now that we have the required funding contractually agreed and the first tranche from Xantis sent to our bank.” https://globenewswire.com/news-release/2018/01/16/1289913/0/en/Global-Equity-International-Inc-Agrees-to-a-Minimum-of-US-2-700-000-of-Capital-Funding-with-Xantis-Private-Equity-and-Also-up-to-a-Further-US-2-700-000-with-William-Marshal-Plc.html With the above funding they plan on purchasing at least four fund companies. These fund companies are currently under an audit by GEQU'S US based auditor and once the audit is complete a binding funding agreement will be signed. GEQU also plans on doing an IPO for Blackstone this year and they are receiving consultant and cash success fees for arranging the deal below.
Global Equity International Inc. Successfully Assists in Raising US$2.5 Million of Institutional Capital Funding for Blackstone Natural Resources
DUBAI, UNITED ARAB EMIRATES--(Marketwired - Nov 27, 2017) - Global Equity International, Inc. (OTCQB: GEQU) and its fully-owned foreign subsidiaries, a specialist consultancy firm with offices located in Dubai and the United Kingdom, are extremely excited to announce that we have been instrumental in successfully assisting our client, Blackstone Natural Resources, in raising its initial and first round of institutional capital funding amounting to US$2,500,000 and at an initial valuation of US$20.84 million. This first step in a carefully thought-out capital raising strategy has now been achieved and this initial investment has allowed Blackstone to attain a significant valuation that reflects the current position of the company and now allows us, Global Equity, assist with taking the company to the Public Markets and achieve the next round of funding on the way through.
Enzo Taddei, CFO of Global Equity International Inc., said: "We were contracted in February of 2017 to assist with sourcing, up to but not limited to, US$150 million in various tranches over time in exchange for a monthly consultancy fee and a pre-agreed cash success fee; we were also contracted to assist with taking the Company to Market in exchange for a further pre-agreed cash fee and an equity success fee. Today, apart from a well deserved cash success commission and receipt of nine months of accrued consulting fees, this initial round of funding allows us to continue with our mandate as it triggers the listing of Blackstone´s shares on the US Markets. It also tremendously helps to accelerate the next round of funding as we have been actively working on this, behind the scenes, for some time now. Persistence and hard work always pay off in the long run. We see the Blackstone project being the first of many that will follow this shorter route to funding and ultimately a shorter route to market. All in all, we are very excited for Blackstone and its management team as they too deserve this win."
Demetrius Maxey, CEO of Blackstone Natural Resources, said: "We extend our thanks and appreciation to the hard work and skilled efforts of Global Equity International and to the team at William Marshal Plc. for their support and vision. This investment represents our first institutional funding and is part of a larger $150 million plus capital raise. With this $2.5 million investment, and an option for an additional $2.5 million until the end of February 2018, William Marshal's backing allows us to secure the initial targets in our acquisition pipeline of more than $150 million worth of producing and near production assets. We anticipate achieving first oil and the public listing by early 2018. The current oil price stability above $45 per barrel creates an opportunity for acquiring assets at an attractive cost. In the short term, the Argentine and Colombian markets provide insulation from low oil prices because of their all in delivery costs below $28 per barrel. With our concentration on producing or near-production assets, we maintain positive cash flow that allows us to focus on optimization of current production, acquisition of additional assets, and medium risk exploration within known producing formations. We invite investors to contact us and learn more about how we are implementing our strategy."
About Global Equity International Inc. and Subsidiaries.
Global Equity International Inc., through its wholly-owned foreign subsidiaries, advises worldwide business leaders with their most critical decisions and opportunities pertaining to growth, capital needs, structure and the development of a global presence. With offices in Dubai and The United Kingdom, Global Equity has developed significant relationships in the US, UK, Central Europe, the Middle East and South East Asia to assist clients in realizing their full value and potential by bringing them to external capital and resources that place an emphasis on collaborative thinking. Furthermore, because Global Equity has offices in key financial centres of the world, they are able to introduce their clients to a unique opportunity of listing their shares on any one of the many stock exchanges worldwide.
About Blackstone Natural Resources S.A. and Subsidiaries
Blackstone Natural Resources S.A. is a BVI Holding company and its subsidiary, Blackstone Texas Inc., is an upstream exploration and production company that is focused on acquiring and developing non-core and distressed Oil and Gas assets in the Americas.