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GEQU MORE NEWS TODAY Management Buys $250,000 of Common Restricted Shares at Current Market Price
DUBAI, UNITED ARAB EMIRATES -- (Marketwired) -- 06/16/16 -- Global Equity International, Inc. (OTCQB: GEQU) and its fully-owned subsidiaries Global Equity Partners Plc. ("GEP" - www.gepartnersplc.com) a specialist consultancy firm with offices located in Dubai and London, would like to announce that management, Mr. Peter J. Smith (CEO), Mr. Enzo Taddei (CFO) and Mr. Patrick V. Dolan (Managing Director) have jointly decided that it would be in the best interest of the Company to convert $250,000 of outstanding accrued salaries to common restricted shares at $0.02 per share. At the Board Meeting held on June 15, 2016, all board members voted unanimously in favor of carrying out this conversion and subsequent reduction of debt.
Prior to this date, on May 31, 2016, both the Company's CEO and CFO converted $27,500 each of accrued salary into common restricted shares at $0.0275 per shares.
In August of 2015, the Company finally rid itself of all toxic convertible debt and since then management has worked extremely hard to clean up the Company's balance sheet and show profitability. The Company's reviewed and fully audited financial statements reported to the SEC over the last 4 quarters have shown growth and expansion.
The Company's current share structure is now as follows:
Management (Directors and Officers) 559,612,772 70.39%
Employees 17,417,790 2.19%
Non-Affiliate Shares still in certificate form 14,215,489 1.79%
Tradable Float 203,769,922 25.63%
Total Shares Issued and Outstanding 795,015,973 100.00%
Peter J. Smith, CEO of Global Equity International Inc., said, "It makes complete sense to perform these conversions when the stock is trading at the price it is. The conversions for us represent an excellent way of being able to further buy into what we believe is a wonderful company. We are pleased with what we have built and continue to build; and we are very excited with the current growth and developments."
Enzo Taddei, CFO of Global Equity International Inc., said, "Personally, I believe that this was positive move. It demonstrates our belief in the Company and its business model. Our shares are restricted under SEC rule 144 so this conversion doesn't affect our current tradable float. We truly believe that we are at the doorstep of turning our Company into something to be extremely proud of. Our only objective, as management, is to bring value to the Company and its shareholders. The more skin we have in the game, the more motivated we all are to work even harder."
About Global Equity International Inc.
Global Equity International Inc., through its wholly-owned subsidiary Global Equity Partners Plc., 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 London, 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. Global Equity International Inc., through its wholly-owned subsidiary Global Equity Partners Plc., holds significant long-term equity positions in the companies that it represents.
Safe Harbour Statement This press release may include forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements related to anticipated revenues, expenses, earnings, operating cash flows, the outlook for markets and the demand for products. Forward-looking statements are no guarantees of future performance and are inherently subject to uncertainties and other factors which could cause actual results to differ materially from the forward-looking statements. Such statements are based upon, among other things, assumptions made by, and information currently available to, management, including management's own knowledge and assessment of the Company's industry and competition. The Company refers interested persons to its most recent Annual Report on Form 10-K and its other SEC filings for a description of additional uncertainties and factors, which may affect forward-looking statements. The company assumes no duty to update its forward-looking statements.
Mr. Peter James Smith Director and officer of Global Equity International Inc.
Tel. (Dubai) + 971 (0) 42 76 75 76
Email: peter@gepartnersplc.com
Mr. Enzo Taddei Director and officer of Global Equity International Inc.
Tel. (US) + 1 (321) 200-0142
Email: enzo@gepartnersplc.com
Mr. Patrick V. Dolan Managing Director of Global Equity International, Inc.
Tel. (UK) + 44 7917 838762
Email: patrick@gepartnersplc.com
Source: Global Equity International Inc.
GEQU ADDS ANOTHER 12 MILLION TO RESTRICTED SHARES
Item 3.02 Unregistered Sales of Equity Securities
On June 15, 2016, Peter J. Smith, the Company’s Chief Executive Officer, converted $90,000 of accrued salary into 4,500,000 shares of the Company’s common stock at a conversion price of $.02 per share.
On June 15, 2016, Enzo Taddei, the Company’s Chief Financial Officer, converted $90,000 of accrued salary into 4,500,000 shares of the Company’s common stock at a conversion price of $.02 per share.
On June 15, 2016, Patrick V. Dolan, the Company’s Managing Director, converted $70,000 of accrued salary into 3,500,000 shares of the Company’s common stock at a conversion price of $.02 per share.
As a result of the three conversions described above, the Company issued an aggregate of 12,500,000 restricted shares of common stock to Messrs. Smith, Taddei and Dolan.
just strange, he was at the ask for .02 at market open. now hes at .27
I cant remember the last time i saw him do anything
Now MAXM 0.27 2500 09:44
Somethings up
Where the heck did MAXM come from
So we expect the SEC to have their comments submitted today. But that doesn't necessarily mean GEQU/Duo World will answer them today?
Was looking through old post, looks like you might be the longest long on this board
I thought it was 30 Days? Also, is it 28/30 Calendar days or business days?
**Edit**
Looks like Calendar days my bad
Duo World Quiet Period
I just CTRL-F The guys name in the last 2 years of 8ks 10ks Qs I wasn't getting any hits.
Might be if vfin comes back
i cant remember the last time we werent on the most read boards
and the late great Mr. Taylor. Must of scammed him too?
Guess they were good enough fraudsters to have
James C. Goldie join the team huh?
okay messiah bring it to 12
$$$$$$$$$$
How many make it out of the trips and stay out?
How many of those throw out unverifiable PR's to get those runs?
Apples to Oranges penny
That could be said with any company publicly traded.
Or is GEQU the only company that pays its CEO?
Once again proving my point you are assuming.
An ASSUMPTION that GEQU is using a loan to pay rent.
But they take 2,000,000 restricted shares for salary.
Clearly they dont need pocket money.
Clearly that loan is not being used for rent. Maybe its being used for what they said it would be used for. MARKETING? EXPANSION?
when that pipeline of cash hits, that would be the tax issue
Thats not what the NON TOXIC loans were used for.
Tick Tock VFIN you almost out yet?
Yes they can only buy so much a day. We will hear hopefully next week exactly how much they bought!
agreed, they want the best deal possible
RASH gave those to himself as well lol
bingo
GEQU 8K today
Forms to list on nasdaq dubai
Application Forms and Notices Module (AFN) [VER37/05-16]
http://dfsa.complinet.com/en/display/display_main.html?rbid=1547&element_id=22743
SEP 29 2015
Global Equity International Due Diligence: Building Customers and Revenues
Due Diligence for Investors in Global Equity International Inc.
The company press release linked below gives details of a new agreement the company entered into as a consultant in raising funding for an Italian auto parts manufacturer. This is one of several such agreements GEQU has announced in recent months. In the 10-Q you can read about the company’s leap from building its relationships foundation to generating revenue this year and last. The Barchart.com analysis we linked will give you all the key statistics and technical data you need.
Our View: GEQU is in a growth market and a growth mode. This company has spent a few years putting its business model into play. International financing is a market where the players build on relationships they have built. GEQU has burned a fair amount of cash to get to the point they are now, accumulating a $7.5 million deficit.
But all of a sudden the revenue is pouring in. Revenues have grown nominally for GEQU over the past 4 years resulting in annual sales for 2014 of $515 thousand. Now its 2015 and in the first six months ending June 39th GEQU has generated $1.1 million in revenue. A very nice result from what the company calls “foundation building”.
May 11, 2016 13:59 ET
GEQU Proving Continual Growth -- Q1 2016 Quarterly Revenues Up 5524%
We would like to point out certain salient points regarding our Q1 2016 financial statements:
The Company declared $843,528 of gross revenues for the three months ended March 31, 2016 opposed to $15,000 for the same period in 2015. This represents an increase of 5524%.
The net profit for Q1 2016 amounted to $487,744 opposed to a loss of $(795,820) in Q1 2015. This represents an increase in net profit of $1.28 million, which is an excellent achievement in our opinion.
Me either looks like the are slowly updating the site.
Oh where oh where did everyone's money go?
ALGA (PINK)
PPS $0.08 Avg Vol 55k I/O 33mm
Float 5mm Market cap $2.6mm 52 week hi/low $1.15/.05
ALGA’s core business today is growing cannabis (hemp and marijuana). The company has it’s first two grow operations (one each hemp and marijuana). The first season of hemp has produced seeds for next season. Marijuana sales have not yet begun. The company is building a grow operation and has contracted a licensed grower. ALGA, similar to MJNA, is piloting a number of potential cannabis related products and services. The difference between ALGA and MJNA is that ALGA is piloting the potential products organically while MJNA is acquiring companies that may or may not succeed.
A year ago when this was alga it had a low float lolol
From Twitter
$GEQU - a little more pinch on the Bbands and this one breaks out. .035/.045 next consolidation range target unless news comes early
I use that tool everyday, question is will it be a useful tool for Nasdaq Dubai?
Scandinavian AgriTex Co. to Go Public on the NASDAQ Dubai
GEQU to Assist With the Public Listing
How do we check for an S-1 for NASDAQ Dubai?
Alpha Special Situations fund.
With a core focus on companies in the later stages of preparing for a public listing and other high value propositions within listed equity, this fund will be target as small investments at significant discounts to the open market price.
Our corporate funding strategy incorporates 3 main uses of proceeds:
Stage A (pre IPO)
A company is funded through its early stages of corporate development in order to provide working capital for it to build corporate assets and ensure internal process control. A company who has already commenced the ‘go public route’ possible contribution to the ‘go public’ fee schedule enabling the company to achieve public status without a drag on the cash flows and capital. We will work with our partner company, GE Partners, to help prepare the company to be in the best possible shape for an IPO thus providing maximum gain for the fund. Investment at Stage A will be secured convertible debt with equity enhancements.
Stage B (post IPO)
To provide a company with the required capital to grow revenues through either its product portfolio or through regional expansion. Companies looking for stage B finance in order meet current liabilities will not be entertained, a clear and defined growth plan will be key to any decision process with expected likely discount target to current bid price of any security of 25 % to 50%. An M&A strategy could also be considered here.
Stage C (Private)
Private ventures with a defined asset valuation often offer tremendous growth potential without the need or potential for a public listing at this stage of a company’s development, but with a targeted IPO/ listing at some point in the next 24 months. Any investment in Stage C companies will be debt with equity combined. A company’s ability to service the debt alongside any securable assets will be key in the decision making process.
Anticipated spread of funds:
Stage A 50%
Stage B 25%
Stage C 20%
Cash 5%