This is why GEAR is a STRONG SELL.....SEC Filing look here....Aug. 19,2011....The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. This basis of accounting contemplates the recovery of the Company’s assets and the satisfaction of its liabilities in the normal course of business. Through June 30, 2011, the Company had incurred cumulative losses of $801,424 and has negative working capital of $201,333 as of June 30, 2011. The Company’s ability to continue as a going concern is dependent upon obtaining financing adequate to fulfill its exploration activities, development of its properties and achieving a level of revenues adequate to support the Company’s cost structure. Management’s plan of operations anticipates that the cash requirements for the next twelve months will be met by obtaining capital contributions through the sale of its common stock and cash flows from operations. There is no assurance that the company will be able to implement the plan.
...........NET LOSSES OF $801,424 AND HAS NEGATIVE WORKING CAPITAL OF $201,333 AS OF JUNE 30,2011............................LOOK AT THIS.... CASH REQUIRMENTS FOR THE NEXT TWELVE MONTHS WILL BE MET BY OBTAINING CAPITAL CONTRIBUTIONS THROUGH THE SALE OF ITS COMMON STOCK....DILUTION DILUTION....THIS IS WHY IT IS A STRONG SELL...YOU CAN GO TO PINK SHEETS AND LOOK THIS UP IN THE SEC FILINGS
