did u get the otcfire alert? it made some real good points....
Quoting
"Divide the Market Value by the O/S and you have the current PPS range of .02/ share.
Now this is where it gets exciting.
Gold and Mining companies are evaluated at 5 to 10 times their
Shareholder Equity Value.
If you look at their year end filing found here, on page 11, Balance Sheet, the current Shareholder Equity Value is $7.7mil.
Being conservative, and only using the five times calculation, puts the Estimated Market Value at $38mil.
Divide the new Estimated Market Value by the current O/S and you have an Estimated Price Per Share of .26
That is 1000% higher then the current price.
Looking back over the balance sheet, GEAR Assets increased 2400% over the past year.
Do we see the opportunity here?
Float is 76 Mil and the company just recently did a full update on Pinksheets.
Companies don't take the time to be fully reporting and updated on pinksheets unless they are up to something.
Looking over their last PR, makes GEAR so much more sweeter:
Gear International, Inc. Updates Business Outlook, Plans Acquisitions for 2012
In this one simple PR they covered:
Name change: "Gear has officially changed from "GOLFGEAR" to "GEAR" having effectively shifted its entire business model and direction from its prior business model."
Share reduction: "Gear's board has instructed legal counsel to reduce the authorized common stock from $2.9 bil to $600 Mil and to cancel all class "C" preferred stock by the end of March 2012."
Question that is present now, is what will the future hold?
As I type this the volume today alone is 10 times the average volume and the buzz is just starting to spread.
Something is brewing here, watching this one close next week.
OTC Fire
We all wear masks... metaphorically speaking.
