Gold Entertainment Group Inc (GEGP)

[HanisT]

No problem. I understand your points and an R/S is always a possibility in penny land. My argument would only be the stock could run pretty hard before one occurs and let's give it time for the new owners to speak up about their intention.

Also regarding the owners there is no proven link at all between them and any previous shady characters whatsoever, so if the only connection is that they are the new owners that is not strong enough to cast doubt on their intention. Everything that I can find on the new ownership is very encouraging, they seem to be well respected in their industries and they don't have much history in pennies (which to me is a good sign). GEGP was up for sale for awhile so if this was just a shuffle between con men I doubt it would have taken this long. These appear to be legitimate buyers looking to reverse merge into a healthy shell.

In terms of being mired down by any previous dirt involving the company I would say that is highly unlikely since the shell has been cleaned up the last 4 years. All debt was settled and constant back and forth with the SEC gives me a bit of confidence that everything is being done by the book.

Again nothing is guaranteed but I'm willing to gamble on the upside here because these are bargain prices for the potential IMO. Good luck to you.


GEGP