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GEGP thin reverse merger play
GEGP thin reverse merger play
KRFG shows what a reverse merger can do for a ticker...hoping for the same. Definitely a lot more to come here!!!
GEGP
Ice Lounge Media owns 10% of BHLD, so GEGP now owns 10% of BHLD. Still not sure why GEGP would show up on the BHLD filing though.
Maybe GEGP owns more than 10% now?? Either way there definitely is a connection.
GEGP
Yep 2014 was the big move, I'd gotten in a few months before then. Didn't sell any shares on that spike or the ones we've had since. Just been loading the boat for a major move. The level 2 really thinned out after those billion volume days back then. That was a good sign to me that something was on the horizon.
This merger is what I've been expecting, now just waiting for the big move up.
GEGP
Nice Bid!! Didn't know you were still around here, you're one of the few I remember being in on GEGP when I first noticed it back in 2014.
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I don't know what most consider to mean a clean shell, I'm no expert at all. But what I meant by that was Fytton filed the Form 10 with the SEC to bring it back from being dark then updated the filings and got GEGP to SEC current.
To me that implies the shell is/was clean but please correct me if I'm mistaken. Regarding the Form 15 I've heard others say that companies do that when they could have major events on the horizon, in this case another merger.
The new owners definitely didn't get ripped off. I'm pretty sure of that.
The shell is definitely clean, Fytton spent 2 years catching up on SEC filings and cleaning it up before he sold the shell.
Zero debt and being caught up on SEC filings is what made it so appealing. The new owners had other deals with shell tickers in the past that didn't work out. This one is finalized.
What they plan to do with it...who knows??
GEGP
That's pure speculaltion, I would disagree with your statement that it will be years of silence. Especially with management stating a few months ago that there will be more info to come this year.
I would imagine that most companies that file a Form 15 hadn't just completed a merger. I'm also speculating here but I'm wondering if the reason they filed the Form 15 for the other companies under Ice Lounge Media is that they are planning to combine them possibly under the GEGP umbrella.
Either way I highly doubt they purchased this shell just to go dark for years and do nothing. They have plans and possibly would rather not be beholden to SEC filings while the plan is put in action.
GEGP
I'm not quite sure to be honest but definitely shows a link between GEGP and BHLD. I'd imagine there is more to come.
GEGP
I don't know many details, just what was in the filings. The new owners bought the shell in August 2018 took control between September and October 2018. From there they hired a new accounting firm and amended the last financial report. They filed to be exempt from regular SEC filings and others have speculated that this is usually done before a major move but I don't know for sure.
It looks like the new owners are working behind the scenes to me before they roll out whatever they've got planned.
GEGP
Took years? You do know the new owners assumed control a few months ago right? And the filing they are amending is just over a year old. Have you read them to see what they amended?
Not sure where you got a media/night club from but seems like you're pretty misinformed or trolling.
If you're looking for a ticker that has constant fluff PRs this is not the play for you sir. The ones that have stuck here are here because of the SEC filings and everything being done by the book. We spotted a merger coming years ago and were proven right a few months ago. Now it is just a waiting game to see what the new owners have planned once they get everything in order.
GEGP
You literally couldn't be more wrong. The new owners just filed an amended financial less than a week ago.
This is not some pinky pump and dump with PRs every few days. This is a play based on filings, many of us saw this taking shape years ago and were spot on with the merger being completed a few months ago.
Now the new owners are setting the stage for what they have planned.
GEGP
GEGP looking ready for a breakout. More filings appear to be on the way and eventual news from new ownership group.
GEGP
GEGP looking ready for a breakout. More filings appear to be on the way and eventual news from new ownership group.
GEGP
Good to see some volume. Could easily breakout on a moments notice, we've all seen it before here.
GEGP
I hear you, I was initially worried as well. Not too sure about what it allows them to do in terms of the share structure but I've seen others mention that it prevents them from diluting shares.
It means they no longer have to file with the SEC and will only be reporting to the OTC. As others have stated it typically means a major event is coming in the near future.
Not having to file with the SEC takes a huge burden (both financially and time wise) off of the company. Very few pink sheets companies actually file with the SEC so the fact that GEGP got SEC current to complete the merger then suspended their filing requirement again shows that they're doing everything by the book.
That's actually not what it means at all.
Yessir!!! New management just getting all the ducks in a row before dropping their plans on the public it seems. Pretty excited for what's to come.
GEGP
I think you're correct. Also if I recall as part of the sale Fytton was waving all of the money owed to him and Capital Advisory International (this is the entity that he owns with the other shareholder).
So there is no outstanding debt at all. Can't wait to hear about some share cancellation and reduction news so we can shoot up.
GEGP
Not clear what the filing means, I'll try to look into it but I doubt it means they're going dark. Too many filings done and a new accounting firm brought in, wouldn't make sense to go dark now.
Just glad to see a filing and that things are being done and there seems to be a plan even if we don't know it quite yet.
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Ready for updated financial filings to be posted from the new accounting firm. That's gotta be around the corner soon.
GEGP
Yea definitely a tough one, I've got my Bucks doing pretty well though.
Not worried one bit about the SEC here, way too many filings and communication for them to shut this down. As legit as it gets here. Not a typical shady non-reporting pinky.
GEGP
Expecting to hear from the new owners about the direction of the company and really hoping for a share structure change that includes A/S reduction and O/S cancellation. The new owners own a ton of common stock that they don't need for control so it would make sense to boost the stock price that way.
GEGP
Hope so!! But I'd settle for .005. I definitely think we'll break out of trips the first news release we get if it's the type of news I'm expecting.
GEGP
Agreed. We're getting end of the year sellers that killed the bid. People looking for tax write offs that bought at .0002-.0003 taking a loss. I wish the company would have just pumped a bit more and we could have easily gotten to .0005.
At any rate, these guys appear to be legit and are doing everything the right way. Only a matter of time before they drop substantive news.
GEGP
Yea I remember that option to merge with TIN. I'm not sure if the new owners are going to pursue that, that was more of Fytton's direction. I'm hoping the new ownership group surprises us with taking the company in a totally new direction.
GEGP
Hopefully a new website on the way...before the end of the year would be great.
GEGP
Hopefully that's a sign we'll get some filings hitting today after hours. I've noticed in the past updates to the share structure can coincide with receipt of filings.
GEGP
Interesting...Calvin Wong sure seems like a busy man. Looking forward to them completing the picture soon. My gut says something promising.
GEGP
Yea I remember that as well. With the change in the accounting firm I'd imagine the filings and news should follow shortly.
GEGP
Looking forward to hearing everyone that sold at .0001 like idiots complain when we finally get the last set of filings and news. Literally giving up just before the finish line...
GEGP
R/S doesn't seem necessary, GEGP trades a lot more thinly than the SS should. Large number of restricted shares and large percentage owned by the owners. There are a lot more bloated tickers that have had major runs. Just take a look at the Ask, doesn't look like a stock with a 9 billion O/S.
I could see a share cancellation and A/S reduction.
Good find Appie, as always. Below is the link.
https://wyobiz.wy.gov/business/FilingDetails.aspx?eFNum=076230090078007153203198073000039196148041182209
GEGP
More filings and news any day now...
GEGP
Good find appie. Here's the link below to Ice Lounge Media's SEC filings.
Always a good sign that they are filing with the SEC IMO. Even though it's taking forever we know things are being done by the book.
https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001626263&owner=include
GEGP
We really need something from the new owners. People can only hold for so long. We've given back almost all the gains that we're made. Getting through .0002 is going to be some work. Very frustrating but not selling any at these levels. Too much has happend to bail at this point.
GEGP
Doesn't look like anything has changed. Probably just someone tired of waiting for the news. We got a ton of action in June when those filings hit and most probably didn't plan on holding this long.
I imagine we have to be getting close. Someone else posted they heard news late this year and well into next year, for what it's worth.
GEGP
Patience...it's a no brainer now. The tough part was holding when we had no bid, no SEC filings, and no info at all. GEGP has come a long way from then and it's only a matter of time before the final steps are completed.
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