Gold Entertainment Group Inc (GEGP): Correct, the company cannot dilute. Note...

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AvantGarde

Re: trackkwizzard post# 38650

Wednesday, 01/30/2019 12:56:33 PM

Wednesday, January 30, 2019 12:56:33 PM

Correct, the company cannot dilute. Noteholders can dilute still, but the great thing about GEGP is that it has no convertible note debt.

According to the latest filed financial report (Oct 2017), all the debt that GEGP owes are advances to Fytton (the previous CEO) and an unknown shareholder, but they are interest free and have no due date:

advances were made to and from the Company's current President (also a significant stockholder) and an entity owned 100% by this individual (collectively, the "related party") and another shareholder of the Company. These advances are short-term in nature, non-interest bearing and are the primary source of funding for the Company.

GEGP seems to be in the clear from dilution, unless I'm missing something from one of the earlier 8k's.

https://www.otcmarkets.com/filing/html?id=12448903&guid=Ur4tUFDAvdBaath