Good companies want to promote their company and go about the business of building the company, providing revenues and shareholder value.
StockGuru Shines its Spotlight on Geopulse Exploration Inc. (OTCQB: GPLS) (OTCBB: GPLS) Awarded Potash Property by Utah State – August 8, 2011
The paid pump results have not produced the desired result.
GPLS has a market cap at .14 of $19M. What do you think makes this company worth $19M?
What assets does it have? NONE!
As of July 31, 2011, the Company is in the pre-exploration Our balance sheet reflects total assets of $6,250, all in the form of cash, and total current liabilities of $21,860. We currently have a deficit accumulated in the pre-exploration stage of $(146,482).
Aug 23, 2011 Geopulse Exploration Inc. (OTCQB:GPLS.OB) (OTC.BB:GPLS.OB)announces the finalization of its negotiations with Haycliffe Corp. to procure up to $25 million in financing for the Company. Haycliffe has agreed to use its best efforts to seek to arrange a financing for Geo.
Weighted average number of shares outstanding - basic and diluted
July 31, 2011 136,180,000
July 31, 2010 26,180,000
The Company was organized for the purpose of acquiring and developing mineral claims. During fiscal year 2011, the Company’s previous mining claims lapsed, and the Company shifted its business model to look for merger possibilities, and thus entered the Development Stage. Subsequent to January 31, 2011, the Company has acquired various mining claims, and is now considered to be a pre-exploration stage company.
Source Page 5 of their last 10Q
Debt conversion toxic financing!
The Company completed a line of credit agreement to borrow up to $250,000. The terms of the agreement provide for 10% interest to be accrued from the date of any amounts received with repayment of any amount requested due within four months of the request. If the Company is unable to repay the loan within the four month timeframe, the lender will be allowed to exchange every $.07 of debt into one common share of the Company stock at the election of the lender. As of July 31, 2011, the Company has received $20,000 on this line of credit and has accrued interest payable of $834.
On May 24, 2010, the Company issued 110,000,000 common shares to its CEO for cash of $19,973.
There are dozens of companies that are totally over valued, "looking for gold" and are flying on "gold" fever.
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