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Re: Mickey4 post# 18109

Friday, 07/05/2019 4:04:40 PM

Friday, July 05, 2019 4:04:40 PM

Post# of 33157
$GCGX is very undervalued. When the audited financials are released that may start to change the picture. Then current and prospective shareholders will see using the third party audit what the book value of $GCGX is.

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.

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