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Well, that was interesting!
Buried in the new release:
GEAR International, Inc. was originally incorporated in 1996. The company's strategically focused on gold and silver mining, providing financing for gold and silver mining projects, and precious metals processing and refining.
Hence:
GEAR President Dale Geck affirms: "GEAR management is thrilled to receive support from new shareholders. Today, investment banks and private equity groups in New York have expressed strong interest in GEAR as a potential leader in resource development.. As demonstrated by today's stock cancellation, management is committed to achieving a share price that is consistent with the company's fundamental activities and profile."
Mr. Jamal Lucas, is an emerging market resource development specialist with expertise in global finance. He is the money man, IMO.
This could be much bigger than anyone thought. Connect the dots.
PHOENIX, ARIZONA, May 19, 2012 (MARKETWIRE via COMTEX) -- Gear International, Inc. (PINKSHEETS: GEAR) announces the immediate acquisition of two senior advisors that will join the company's executive team. GEAR has finalized agreements with Mr. Felix Abangin, the minister of environment and natural resources in the Philippines and Mr. Jamal Lucas, an emerging market resource development specialist with expertise in global finance. Gear has also contracted Naccarato and Associates as the company's official legal counsel.
IMHO, the key guy here is Jamal Lucas. He has the global big money contacts, hence new institutional investors.
If this is true then the plans for GEAR are far beyond a .26 valuation, or even stockfalcon's famous .50 price per share.
We could be looking at the beginning of a huge holding company as GEAR forms alliances and gobbles up smaller companies.
With Europe in disarray and the EURO and the Dollar tanking, gold will soar, and along with it GEAR's share price.
We could be looking at one for the ages.
Pure speculation on my part. Just trying to connect the dots.
GEAR just had 2 million share blocks @ .0391
GEAR gonna trade its tradeable float today!
GEAR from WSRA news:
Gear International, Inc. will provide the required funding.
That's where Mr. Jamal Lucas fits in.
What is the projected close after GEAR trades its float of just shy of 77 million?
I have a question re: GEAR
As a primary disclaimer I will say this: This is pure speculation and/or fantasy on my part.
Now for the question:
If GEAR is positioning itself not only as a gold producing company, but also as a holding company of small cap gold mining companies i.e. 1st step WRSA deal, what happens to the stock price of GEAR when the EURO disintegrates, the dollar collapses, and the price of gold soars?
Just throwing it out there to chew on.
YEPPER!
GEAR...maybe more to come? Just the first shot across the bow!
Bert, sorry about my error on the PR release:
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=7559608
We ain't seen nutin' yet.
Aaaargh, Matey. Have a great weekend all.
GEAR EOD Run?
GEAR mini boom
Appreciate the heads up re: your intricate knowledge of the industry and mines (Goldstar)in that area. Not married here...just dating.
However, buys and volume at HOD. Looks like something is up.
GEAR hod BID ut
GEAR
Interim financial statements reflecting the consolidation with Western Sierra Mining Corp. as of October 31, 2011, previous assay reports from the Silver Cord and other information regarding the Company's current activities can be found at gearii.com.
And
From quarterly 3/31/2112:[i]On November 3, 2011, a total of 33,000 Series B preferred shares were issued to acquire controlling interest in Western Sierra Mining Corp
From same quarterly:
NOTE 7 - Mining Properties
Gold River Mines:
On May 5, 2008, the Western Sierra acquired eight mining properties from Gold River Exploration Inc. Two of these properties were subsequently sold. The remaining properties have a total of 88,000 oz. proven/probable gold reserves and 755,000 oz. of proven/probable silver reserves. At $1,600/oz. gold and $30/oz. silver, the gold reserves total $228,000,000 and the silver reserves total $22,000,000.<P>
Gold Star:
On October 15, 2011, a shareholder of Western Sierra contributed several mining properties including the Gold Star and Gold Crown. The Gold Star consists of 350 acres in central Arizona and has 168,750 oz. of proven gold reserves valued at $270,000,000. The acquisition was recorded on Western Sierra’s books at $3,500,000, the posted selling price of the property.
Other:
Western Sierra has also acquired and/or expanded the Gold Crown, State Land Lease in Skull Valley and Table Mesa.
GEAR gonna uptrend via GDSM/WSRA NEWS!
http://ih.advfn.com/p.php?pid=nmona&article=52458793
GEAR gonna uptrend via GDSM/WSRA NEWS!
http://ih.advfn.com/p.php?pid=nmona&article=52458793
You're absolutely right, Pt. And its right about that time.
Meaty GEAR PR by Thurs, IMO. The first of many. The bird knows.
Apparently not!
GEAR getting ready
So who has the deep pockets, or do we have to wait for the final credits to find out? More popcorn?
I think that there is a very meaty PR coming soon that will explain the juicy details.
I know. I just had not seen them listed before, and where did they get the $3.6 million to acquire 60% of Western Sierra? It sure wasn't just sitting in the safe!
Question! At OTCBB under company officers: Is this an updated/new listing? I don't remember seeing them mentioned before.
Company Officers
Dale Geck President
Jamal Lucas Advisory Director
Faisel AbulAz Advisory Director
Company Directors
Felix Abagin
Dale Geck
AND
On November 3, 2011 the Company entered into a Stock Purchase Agreement with shareholders of Western Sierra Mining Corp. wherein Western Sierra Mining Corp. became a subsidiary of GolfGear International, Inc. The agreement provided for the exchange of 33,000 shares of the Company's Class B preferred shares and cash payments totaling $3,600,000 for shares representing approximately 60% of the outstanding common stock of Western Sierra Mining Corp.{/I}
Where did the $3.6 million come from? Faisel, felix, and Jamal must have access to some deep pockets.
GEAR .025 UP
See post 6929...as Foghorn Leghorn used to say, "Its a joke,son."
Expected follow up PR should launch GEAR. Remember 200 day MA is just .07 or so.
Not enough teeth...BTW VERT at .05 PM
VERT is at .028 PM
NP its moving anyway. Now if I can just find my nitro glycerine pills.
GEAR what news? not posted. Link plz.
PUPS What's up? Volume all of a sudden.
Strange action during the day.
GEAR on radar
g
link please.
Bounce...here we go.