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My guess is we get unaudited financials to get back to pink current.
Then we'll get audited financials by the end of summer to close the merger, and PRs to follow after that.
GEGP
https://www.linkedin.com/in/hsiaochen
He still has Ice Lounge Media in his profile
I still see Chen's LinkedIn page
Nice level 2 flip this afternoon. Way too oversold here. Should get a small bounce even before Audited Financials and PRs hit.
GEGP
I just spoke with Francis (Hamon Fytton), the outgoing CEO of GEGP, no change in what has already been discussed in the public filings submitted to the OTC/SEC.
The accountants and auditors are the hold up. Once that is sorted out we should hear more information. Just no telling how long that will take.
I know once we do get any news from the company trips will be a thing of the past here. I expect to clear the previous high of .004.
GEGP
Ice Lounge makes zero money in this. Just throwing the word scam around doesn't make it true.
It's been tough to hold, I understand it. I still think we'll be rewarded in the end IMO.
Just need the auditors to finish things up ASAP.
GEGP
Yea that was ugly. Hopefully that makes it thinner when we try to work our way back up. Going to need to hear something from the auditors soon though.
GEGP
Those 7s got eaten up pretty quickly on the Ask, with a healthy bid at 6. There's definitely interest here. Smart money is loading up IMO.
GEGP
50 million is a huge wall in the mid trip zeros? I would disagree. Disappointing to see people killing the run but that is far from huge if you've been trading penny stocks before.
This trades like a stock with a smaller float than it shows even with traders trying to kill the run.
GEGP
It would be scam if the company was selling shares or pumping. This is all retail action and people 1 tick flipping.
GEGP
Thanks. I agree, I wish we knew more of what was going on behind the scenes. Though I would be suspicious if we were getting fluff PRs from the company without much action.
Looking forward to those audited financials hitting and finally some PRs to explain the merger. I think folks like you and that have been here a long while will be rewarded. IMO
GEGP
The shell was sold to Ice Lounge Media. It was documented in Form 3 SEC filings where they acquired the Series A preferred stock. Ice Lounge reps were formally installed as officers of the company as well. Fytton stayed on as a director for the transition, which I'm guessing includes cleaning up the financials. Getting those financials audited/cleaned seems to be what is causing the delay.
https://www.otcmarkets.com/stock/GEGP/disclosure
Even with the unfortunate delay, it seems they are doing everything by the book and there is no violation of disclosure laws.
GEGP
Smart money is loading up here. Once audited financials and PRs start flowing we'll be in business.
GEGP
More loading today. Smart money knows something is coming.
GEGP
Same. All we can do is wait and see. There's been too much done over the years for this shell to be acquired for it not to pass the finish line.
GEGP
Accumulation continuing at these levels...
GEGP
What you are saying doesn't make sense. The only way the company benefits from people buying the stock is if they are selling shares. Which is not happening here.
If they were selling shares at least we'd get a PR to pump the stock up. They're actually not doing anything to boost the price, which makes it seem more legitimate.
All the trading has been retail. If that changes then I'll be the first to point it out.
GEGP
Nice try, but the share structure has not changed at all.
GEGP
GEGP has been holding up pretty well after someone bailed and dumped last week.
.0006s holding as the floor.
GEGP
Yep. GEGP hit .0041 October 19th after being down to .0003 September 28th.
That's how quickly things can change, and that was without any news from the company. I'd imagine the auditing of the financials should be near completion soon. From there we'll see what the company has to say.
GEGP
Yep. That's why I've been pretty quiet on the board, just patiently waiting.
But I figured I'd stop by and remind everyone where GEGP has been and how close things seem to be.
GEGP
People forget after GEGP hit .002 last year it fell all the way back down to .0003, only for it hit .0040 three weeks later.
GEGP
Holy bid!! 100 mil bid showing now. Seems this is being quietly loaded for the next run. Patience will pay here IMO.
GEGP
Check the history here, no dumping at all. No pumping by the company either. It's all been dug up by folks noticing the filings and piecing things together. If the company starts pumping, we'll see the ticker boom.
GEGP
The dividend is most likely shares of another ticker. Some vets here were in on UNGS that did the same thing years ago and paid out very nicely. I believe the new ticker started trading at .10-.50.
GEGP
Some nice slaps on the Ask, I think people realize what's coming. SEC full reporting first, then I think we start to hear more details.
GEGP
Looking good today. Almost a year to the day (last New Year's eve) when things started to change around here. I've got a feeling 2022 will be even better.
GEGP
Yep. A lot has changed. Pink Current. Audited financials on the way. You'll see big things coming in 2022. IMO
GEGP
That's huge. Congrats to everyone that had the patience to hold. Looks like things are starting to take form. 2022 will be a big year IMO
GEGP
Great analysis. Thanks bud
I'm hoping after the new year for Tax purposes lol
GEGP
Once GEGP is SEC full reporting, they'll be OTC Pink Current as well.
It's in the 8K SEC filings. They've hired a new accounting firm to audit the financials it appears.
They're not planning to file with the OTC to get pink current but are instead going to be full SEC reporting. This process takes longer because they need audited financials. It'll be better in the long run IMO.
GEGP
You're not wrong, but I think that adds to the intrigue with GEGP. They seem to have no interest in the current pps. It'd be really easy to pump the price if they chose to.
A lot of us here found GEGP from the SEC filings over the years, but there hasn't been any PRs. They've been quietly working on this behind the scenes for years. I imagine when we finally get a PR it'll be something big. IMO
I agree with not being a fan of emailing individual investors, but fluff PRs won't do much good either. I'm expecting we'll start seeing PRs with real substance once the audited financials are submitted to the SEC.
GEGP
My thoughts exactly. Thanks for sharing. I know the price has people worried, but in the long run I think GEGP will re-test those highs from a few months ago.
Everything is being done the right way here by GEGP with no pump.
GEGP
Looking forward to those audited financials hitting unexpectedly. Hiring the new Accounting firm is a good sign. Patience will pay IMO
GEGP
Very good to see. Hoping to see GEGP SEC current by early 2022.
Then the action really starts.