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Zero dilution. Can't get any clearer than that!
BOOM TIME!
HUGE TWEETS! Tomorrow should be a big day for GGII.
Too bad market is closed for MLK day, but chances are GGII will be current by Tuesday. Have a great weekend all!
Yup, solid day today. I wouldn't be surprised if GGII turned Pink Current tomorrow morning, especially after updating the profile and attorney letter yesterday.
Nice loading zone here.
.0002's are thinner than expected. Dilution seems to have stopped... for now.
Starting to see a light at the end of the .0013 tunnel finally!
Solid base at .0012 (26m bid)
Looking good. 12's are slowing going down.
Good morning GGII. Yield sign up, and Pink Current any day now!
So the CEO of VRUS has taken over XDSL, the AS was raised to 125B, dilution is mentioned in the 8K but no RS. Doesn't make sense to RS with all of those restricted shares anyway.
Sounds to me like they want to create some volume here at the current price. IMO.
Yup! As soon as GGII is Pink Current, it should also open up the door for many more people to buy in.
Looking good $GGII. Could be a massive week this week.
Noteholders can dilute regardless of filing status. Take NOUV for example. Billions of shares diluted the OS up to 10B+, despite having a Stop Sign.
This is a misleading post which cherry picks quotes from the financials in order to create a negative narrative. Let me break it down for you with one quoted sentence:
Great DD on this board. Patience will pay off here. Many MJ stocks have been tanking, but GGII is holding steady and consolidating.
Thanks! That lawyer will create an attorney letter, which is required for non-SEC reporting stocks to become Pink Current. GGII is doing everything right.
Nice finish. This momentum should continue throughout the week. More filings should be dropping anytime now...
That's right. 480m being held by a defunct company, so you can pretty much write those shares off already.
Good eye! They also updated the float, showing 2,845,000,000 as of 12/31/2018
https://www.otcmarkets.com/stock/GGII/security
Nice roller coaster ride this morning. Is this thing ready? lol
You’re welcome!
There are two types of OTC filers: SEC reporting and non-SEC reporting.
SEC reporting requires the SEC 10K and 10Q forms as you mentioned.
GGII is non-SEC reporting, so that’s why they are not filing SEC 10K and 10Q forms. They use different forms which OTC Markets provides templates for.
Yes, the good thing here is that they didn’t issue more preferred. They took preferred shares that old management already had. I’d only be worried if they issued a bunch of new preferred shares.
Things looks really good here. Although I need to do some more research later on those Preferred C shares.
Andrew is 100% gone. They sold him the old company’s subsidiary (Green Globe, Ltd.) in exchange for his preferred shares:
“In September 2018, the Company sold Green Globe, Ltd. to Andrew Beyer, who, prior to the date of the sale, served as Chairman and Chief Executive Officer of the Company, in exchange for his return of 100 shares of Series A preferred stock and the assumption of liabilities associated with Green Globe, Ltd.”
https://backend.otcmarkets.com/otcapi/company/financial-report/209868/content
Zero dilution in the last two years:
“No securities have been issued in the previous two years apart from the following: In September 2018, the Company received back 100 shares of Series A Preferred Stock from the prior holder and immediately reissued the 100 shares of Series A Preferred Stock as part of the acquisition of the assets of Best-n-Pet, Inc. This transaction did not result in a change in the number of common or preferred shares issued and outstanding.”
https://backend.otcmarkets.com/otcapi/company/financial-report/209868/content
Looks like they are trying to cancel 480m shares from the OS. Sequoia International owns them, but they are a defunct company now:
“Sequoia International is no longer a registered entity and has ceased operations. The
company is attempting to cancel these shares as there is no successor entity or individual responsible for the assets or operations of Sequoia.”
https://backend.otcmarkets.com/otcapi/company/financial-report/209868/content
GREAT NEWS!! Get ready for an exciting week coming up, everybody!
I’m glad they confirmed that. That blog site is very questionable. I bet the CEO has bigger plans.
Good point, I did notice that filing. This is pretty significant because the lender is none other than John Fife, a notorious dilutor. He's a bloodthirsty leech in the OTC. If they remove his debt, then that will really help cleanse the XDSL shell.
Good possibility. XDSL's debt is being cleaned up and reorganized, most likely for a potential buyer. Check out NoMoDo's posts, as they have been quite informative. Here's a recent one:
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=145553913
I agree with that. It's too easy for anyone to mislead with posts on here without any evidence or facts. The best bet is to contact IR directly before listening to online posters.
Agree. Regardless, there is huge potential here with $GGII.
I wouldn't put too much thought into that blog post. It's simply speculative rumors. This is their disclaimer at the bottom:
What mistake are they making exactly?
Gapping up premarket: .001 x .0011
$GGII looking very strong. The accumulation from last week appears to be finished!