I know we are all waiting for the financials to be released and I am sure they will be released soon. In the meantime I would like to hopefully put some people's minds at ease with FACTS. If you are one of the people that truly believe that Matthew Dwyer has been pumping and dumping this stock and is as some would seem to think is on the run. That he has been selling his shares as if he were some type of day trader. I can assure you that this has not been happening. Reading is a necessary evil especially for those of us that don't enjoy reading much and I will include myself in that category. But to stay educated and informed with facts and not fiction that is what everyone should do especially when the money you worked so hard for is involved. So we are waiting on the financials for what? Of course to see how a company is progressing, the revenues
generated every quarter/year, etc. Most of us are content in only knowing that bit of information but there are many other things that are literally hidden in plain site if we would only take the time to read them. NOW FOR THE FACTS. In the Amended 3rd Quarter Report dated September 30, 2018 there are two key excerpts I will post here. As stated before, these are facts and not my assumptions or wild guesses.
Excerpt #1
Matthew Dwyer, our CEO as part of an Employment Agreement effective January 1, 2018 was granted 100 million shares of the Issuers Restricted Common Stock. THESE SHARES HAVE NOT BEEN ISSUED AS OF YET.
That means that as of the date mentioned above, September 30, 2018. Why is this important to know? Because some on this board have been stating even way before that report came out that Matthew Dwyer has been pumping and dumping. Dumping what? Definitely not any of those shares. They are known as "Restricted Shares" for a reason. There are certain criteria that must be met before any CEO can have access to any of those shares. And even then, in many instances they are not given out all at once. And now comes the good part.
Excerpt #2
Note 2-Related Party Transactions
On January 1, 2018 the Issuer and our CEO Matthew Dwyer entered into a long term Employment Agreement. THE TERM OF THE AGREEMENT IS FOR 5 YEARS. There are two parts compensation: 100 million shares of Restricted Common Stock upon signing and a monthly salary starting at $15,000 per month. SALARY SHALL ACCRUE UNTIL THE COMPANY HAS MONTHLY REVENUE EQUAL TO 3 TIMES THE AMOUNT OF MONTHLY SALARY DUE. MR. DWYER, at his election, AFTER THE COMPANY HAS BECOME AN SEC REPORTING COMPANY, may choose to accept shares of stock in lieu of cash.
Criteria #1. 5 YEAR AGREEMENT
Criteria #2. HIS SALARY WILL ACCRUE UNTIL THE COMPANY HAS MONTHLY REVENUE EQUAL TO 3 TIMES THE AMOUNT OF MONTHLY SALARY DUE.(HOW IS THAT GOING TO HAPPEN IF THE COMPANY ISN'T MAKING ANY MONEY?).
Criteria #3. (This is perhaps the most important). MR. DWYER AT HIS ELECTION, AFTER THE COMPANY HAS BECOME AN SEC REPORTING COMPANY, MAY CHOOSE TO ACCEPT SHARES OF STOCK IN LIEU OF CASH.
In other words, it would be in Matthew Dwyers best interest not to leave this company in a dark/defunct state. He knows this probably better than any of us ever will. And just think about this for one moment. Even if the company had poor earnings(which I doubt)that doesn't prevent a company from becoming an SEC reporting company but being as accurate as possible on your financials may. I'm sure he is well aware of the fact that he has to get it right the first time and I believe he will do just that. Go GCGX.
