CGE Energy Inc (CGEI)

[Saving Grace]

Bull Shit!

CGE Energy Positions Its Subsidiary, Aradatum, For Future GrowthPress Release | 02/11/2021

BRIGHTON, Mich, Feb. 11, 2021 (GLOBE NEWSWIRE) -- CGE Energy, Inc. (OTCPink: CGEI) has taken a strategic step towards the future growth of its subsidiary, Aradatum, Inc. Aradatum has issued 60,000,000 (sixty million) Aradatum Common Shares to its parent, CGE Energy.

The rationale for the issuance is to better enable CGE Energy to transfer these Aradatum Shares proportionally to CGEI Shareholders when Aradatum is officially spun-out. After the spin-out, Aradatum will be free to pursue its own stock listing. This action rewards CGEI Shareholders with an opportunity to participate in the future growth of Aradatum.

Bryan Zaplitny, President of CGE Energy said, "We wanted to take this strategic step now to position Aradatum for future growth and spin-out from CGE. This move enables Aradatum to attract the capital it needs to scale manufacturing and install its self-powered telecommunication infrastructure products."

Initial public offering

An initial public offering or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail investors. An IPO is typically underwritten by one or more investment banks, who also arrange for the shares to be listed on one or more stock exchanges. Wikipedia