I will explain my whole story as it pertains to being on topic in regards to GEQU!
Started trading about 10-12 years ago forget exactly as the older we get time just flies buy. At first I didn't even have Lev2 I would just follow the current bid and ask has no idea even what a mm was or what a share structure even was. Dilution was a word I never even heard about as well until I created a Ihub account and started slowly learning. Over the years as I became more educated but still stupid. I learned a lot about Trading,Dilution,MM's etc... I was still very vulnerable because I didn't understand Dilution how to look forward and how to look for it. I would follow the momo groups most followed members etc.... I really never made money. Occasionally I would but then quickly give it back. This is not a knock on the most followed members either but many of them always have or seem to have the inside scoop to many of these companies I would jump into while the momo was high.
After awhile I began the realize I needed to stop following others at the top and actually start following those in the middle or at the bottom. What I mean by follow is see where they are posting and on what tickers. The non highly followed members are normally genuine hard working folks who have found a ticker they like in a familiar sector that usually has a chance of becoming a nice runner or company down the road. So I started to do that. I found a few sleepy tickers that actually turned out alright made some money, but still there was more missing to the puzzle.
As the years progressed the last (4-5) years I really started to get a handle on things, but still did not understand 2 of the biggest things almost 95% of Penney stock investors still do not learn enough about. 1.) Dilution and 2.) Filings. So I had learned about dilutive MM's and filings and how important both were in the penny market. I started reading filings and learning more about company rev's,debt etc..... But still the whole dilution,notes etc.... Was way over my head.
Up until about 2 years ago maybe less than that. Let's say a year and a half ago I got into a stock OTH& it has since changed its name and ticker. To PNO&... One of the worst decisions in my 12 years of trading. Malc Stone opened my eyes up to the BIGGEST and most sloppy part of my learning curve. TOXIC DEBT..... After listening to the company about it and them not being a sec filing company nor fully current at the time I pretty much lead myself and everyone else off the cliff. Now the company did follow through and get current etc but they had no control as almost every OTC company out there over the Toxic debt. They also had some other issues that really were just bad luck too. Regardless Toxic Debt was the #1 killer. The company lied and lied about it... After that experience I Vowed to learn the last Main ingredient regarding what can make even a successful company fail. TOXIC Debt. See it's not about company officials past. At some point everyone does something they regret and you in life move on from that and prove by doing right that your past means little. If you continue to burn people time and time again your past then does mean something.
So I took some time off trading. I hired an SEC Attorney and asked a bunch of questions learning what I needed to regarding toxic debt,10q's 10k's and 8k's etc.... I observed the penny market while messing around in some biotech's etc that were well in the dollar range.
Now I have learned every little detail or most of it on Toxic Debt. How it works, who can convert it the process how it ages, how it goes from the Transfer Agent to the Brokerage house. How long it takes to convert notes. How conversions work. VWAP's look backs etc..... I have refined the last skill which is the hardest one for anyone to understand.
Which brings me to GEQU... When I started looking back in Pennies I came across a few that looked good. One I noticed was another diluting pig. A good company but dilution had its grip and I knew it could not move no matter how good the company was. The dilution was going to always be a factor in the company and as heavy it was gonna be there was no future.
One day I got a pm to look at GEQU. I noticed it was very low profile and there was another really smart poster on there Koopa.. So I finally had a chance to put my newly found skills to work.
I broke down every single note the company had. At first glance skimming I said whoa this doesn't look to good, but then I looked closer writing down every note and seeing that the debt was waaaaay smaller than at first glance. Actually there is a post of mine in late June or really early July where I broke down all the notes for everyone. I was almost spot on to the July 8k.
I noted 1 note holder KBM was PAID IN FULL before conversion took place. I noticed JMJ had half the note cancelled by the company and already had 1/3 paid back. I noticed ADAR was almost all paid back as was LG.
SO breaking the notes down 1 by one since I finally knew how to compute the look backs conversions etc I was able to figure out how much was left what the max was they could convert and at what prices etc....
When I was done with all my notes I realized that what looked like just skimming was a fraction of what was left. Immediately GEQU was at the top of my list to get back in sub pennies. The share price at the time was .001. BKRT was selling off a note from LG and I took advantage of that clearing them out with some others who were posting on the board. I have bought GEQU from .001 to .007 helping where I can.
No one can predict if a sub penny stock is going to be successful, but you can certainly learn from your own mistake become better at spotting winners over losers and make money and increase gains as you become better. GEQU fits all my criteria as a winner and I am going to see this all the way through because 1 other big indicator when looking at pennies is where the stock has come from and their share structure.
After you figure out the notes and dilution you have to realize can the Share Structure support the price increase. So for instance a few Billion TradeAble cannot sustain a price over .01 it's impossible. Can it happen of course it can, but it's unlikely to stay there and most companies even if they do not want to do one will do a RS.
So with GEQU the Trade Able OS is only 208 Million an absolutely beauty to sustain not only .01 but that can be sustained at what ever price the market decided to take it. There is no ceiling with our share structure.
Lastly we came from around $1.20 this company had no problems trading well above .50 for a significant amount of time. So another key for shareholders to look at is what was the previous share price. Yes even the smallest of toxic debt in the wrong hands of a funder can bring a company down. Because of the look backs I explained earlier in the week. GEQU wasn't brought down by company fundamentals it was brought down by toxic debt. When this last 7.6 million is digested which just off the lowest projection of 750k shares a day 10 trading days your going to see GEQU to start heading back to true value. That 7.6 million is peanuts compared to what we already digested and compared to other companies. If Vol is higher than 7.6 will be gone by next Friday or sooner.
Do your DD folks understand the fundamentals of any stock GEQU or your future investments and understand what will make you a better investor.
Thanks Lifetime
Regards
Smitter.
