$GCEI ALERT>NEWS:"Plans & Updates for 2018" (icymi) https://www.altenergymag.com/news/2018/04/02/annual-report-ending-december-31-2017--plans--updates-for-2018-/28253/ In the company's view the resolution of this matter in Mr. Adessky's professional life has allowed the Board to take the actions it feels are necessary to recoup damages done to the Company and its' shareholders.
A law firm has been selected to determine the extent of actions to be taken and is presently assessing the damages. It is the hope of the Board that the actions to be taken will be announced in the early part of the second quarter.
The Algae REIT has moved forward and the following have been accomplished:
The lead underwriter has been selected and is working with GCE on an ongoing basis. The underwriter is working on a no upfront cost basis with the expenses related to the project being advanced by our consultants.
The property for the first site has been selected and is near Houston, Texas, which greatly lowers our management and operational costs.
The company has selected our construction and operational partner again a Houston,Texas based company with over a decade involved in Algae development and marketing.
GCE is fortunate to have found a full service Algae development company after spending nearly a year trying to piece together the project.
Essentially GCE has a turnkey operational partner. Additionally, the site will have
solar power and recyclable water which will allow the site to have a zero carbon footprint and utility costs unmatched in the industry.
Finally, GCE and its' operating partner will devote 10% of the site to R&D
with a major University. All the names of the groups involved will be announced when the final REIT IPO is signed.
According to the New York underwriters this REIT will be the first of its' kind in the nation. NEWS PENDING 1st quarter report ending in march 2018 Go GREEN with Global Clean Energy a Enviromentally Friendly Waste Tires to Fuel & Algae to Products Company.
BTW everyone should do there own DD.
Turn off the VOLUME