Friday, July 05, 2019 4:04:40 PM
Right now the valuation specialist, and the CPA completed their work, but the auditor can still ask for changes to the report before they sign off on it. I don't know if they will or won't, but its a theoretical possibility which has been seen on many tickers. This IMO is one reason $GCGX hasn't started to trend up following the release of its 4Q2018 report: Current and prospective shareholders want more certainty of what's on the books and the pathway before investing in a way that moves the price materially.
Another reason $GCGX may not have started trending up is the delay in releasing the 1Q2019 report (timing which stems from the CPA since Q reports are not audited, only reviewed). This is something $GCGX needs to handle since it will be publishing 3 Q and one K report every year as a mandatory SEC filer.
When Indulge Oils / $GCGX obtain their Certificate of Occupancy that will also start to change the picture. Then current and prospective shareholders will see a tremendous rush of revenue.
The above are just timing issues. The big prize is $GCGX being listed on the NASDAQ.
The paradox of iHub: buy high, sell low
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