Global Earth Energy Inc. (fka GLER)

[terry_mathews]

This one acquisition of Trump Equipment Company (TEC) makes GLER/Hawk immediately ”profitable” and will be coming even more ”profitable” with their additional 5 acquisitions in the queue to be added.

please explain...

GLER has a 20% investment stake in HAWK as clearly stated in the 8K. GLEr is restricted from selling those shares so right now the best they have is a paper value with no audited value.

HAWK acquired a 65% stake in TEC for $3.5M cash up front (i.e. debt), future considerations, and full ownership of TEC's existing debt. With $2M profit before EBITA 65% stake equates to $1.4 Million EBITA moving to TEC books, but they have this debt hanging over them. So how do you accept the paper profit and ignore the real debt?