I must say that I am pretty happy to have found this message board. I look around on yahoo message boards and others and it seems people just wanna come out and bash this stock for no good reason at all. The only argument any of them have is the CE symbol being on the pink sheets (Which I might add was told to me by pink sheets when i called up there that it will be removed shortly.
Second argument is the following, which I am doing my DD on right now, but not allowing me to deter from GOIG at all.
1. In September 2009, GOIP supposedly buys EE Global, a company that supposedly has a PROFIT of 1.7 million dollars based on 2.6 million in revenues for just 3 months, for a measly 130 million shares:
EE Global, Inc.
(GoIP’s wholly owned subsidiary)
Income Statement
Un-Audited – Under Review
For 3 Months ending September 30, 2009
NOTE: These are preliminary numbers and subject to change.
Revenues $2,626,178.16
Cost of Sales
844,786.18
Gross Profit
1,781,391.98
"In September 2009 the Company completed its acquisition of EE Global, Inc a Canadian
Company with holdings in Canada and China. 130,000,000 shares have been issued in escrow
pending verification of ongoing financial disclosures."
2. But, just three months later, in December, GOIP turns around and sells this financial juggernaut, EE Global, to
MonArc Corporation for 1.5 billion shares of MonArc stock, and still for all intents and purposes, still being the majority owner of EE Global.
3. So now GOIP sells EE Global for 1.5 billion shares of Monarc's 2.1 billion outstanding shares, making GOIP the majority owner of MONA. But what does Monarc Corp do? One only needs to review MONA's last financial statement to see that it simply a shell company with no sales or earnings. What there is of their accounts receivables is based on:
"Accounts receivable reported consists of $1.1 million of consulting fees for work performed by officers of
the company for work relating to other public companies."
4. So, the 64 Thousand Dollar question is:
a. How in the world was GOIP, a company that's already four million dollars in debt able to buy a supposedly hugely successful company in EE Global for just 130 million shares? And, just as important, why would it then turn around and sell that same company just three months later for 1.5 billion shares of a worthless company?
Has anyone done any DD on this or care to shed some light on this.
