Gold River Productions Inc (GRPS)

[D-Money6]

I am not sure what exactly caused mass re-upload of financials. Other than seeing Blum's name on the attorney letter, I haven't gone through them to see if anything's changed. It was either an OTC requirement that they needed to satisfy, and did so quickly, or it was necessary for something else. That something else could be to prepare for an audit.

If you look at the Nov press release, they brought up once again, the Tier 2 Reg A, and its almost ready again lol. You can see a post I did on RSHN further dissecting the Nov 11 PR here

"The Company is nearly complete with the Tier 2 Form 1A. Given the passage of time in active pursuit of government grants, the pursuit of which to date has not been successful, the Company certainly cannot be certain that we will secure such funding." LINK

Maybe they are preparing to have an audit done on the 2020 Financials, which would be required to submit the 1-A. Pure speculation only. I'm just highlighting information from the press release, and looking at requirements to file a 1-A.

(c) Financial Statement Requirements for Tier 2 Offerings
(1) In addition to the general rules in paragraph (a), provide the financial statements required by paragraph (b) of this Part F/S, except the following rules should be followed in the preparation of the financial statements:
(i) Issuers that report under U.S. GAAP and, when applicable, other entities for which financial statements are required, must comply with Article 8 of Regulation S-X, as if they were conducting a registered offering on Form S-1, except the age of financial statements may follow paragraphs (b)(3)-(4) of this Part F/S.
(ii) Audited financial statements are required for Tier 2 offerings for the issuer and, when applicable, for financial statements of other entities. (RSHN next?) However, interim financial statements may be unaudited.
(iii) The audit must be conducted in accordance with either U.S. Generally Accepted Auditing Standards or the standards of the Public Company Accounting Oversight Board (United States) and the report and qualifications of the independent accountant shall comply with the requirements of Article 2 of Regulation S-X. Accounting firms conducting audits for the financial statements included in the offering circular may, but need not, be registered with the Public Company Accounting Oversight Board.

If the company updates their articles to say no reverse split ever, and then does a 1-A, it actually gives existing shareholders a chance to invest directly into the company for its operations, and dilution is minimal

Another thing I've always kept in the back of my mind.... What if this Tier 2 1-A comes not from GRPS, but a separate entity that gives the grps and rshn shareholders a discount offering, and we triple merge into the new company at the value you have in one or the other or both, and with the chance to get a discount on the new shares. Does anyone else remember when the xyzhemp website flashed rumblings of an ipo price of 1.42? A company doesn't need to be already public to do a 1-A

https://www.ipohub.org/regulation-a-plus-mini-ipo/

What do others think? Either way, I have optimism that good news is ahead. I hope the sister company updates soon so that people can be informed. If doc wants to preach how he has a dedicated shareholder following as noted on the website, then he can continue to keep us informed on all fronts.


GO $GRPS!