$GCGX needs to post two sets of financials at this time to become Pink Current: 4Q2018 and 1Q2019. They would also need to file an Attorney Opinion Letter.
With respect to the loss, the market will see once the financials are out. A couple of elements to consider:
- A company needs to invest in property, plant, and equipment (PP&E) which results in higher costs up front in order to generate revenues later
- The $31 million valuation report is probably based on assets, not based on revenues
- There will be a lot of information in the "Subsequent Events" section of the report. This narrative will tell what has happened since the end of the report period through the posting date (06/26/2019), although it likely won't provide numbers.