Total current liabilities are $2.8M and long-term liabilities are $0.6M. Whereas total assets are $29.1M.
$GCGX's debt ratio in the *absolute worst* circumstance is currently only 0.13 ($3.4M total debt / $25.7M net assets). That's with terrible math: should be total debt / total assets with a resulting debt ratio of just under 0.12.
The $1.5M equipment sale freed up a lot of capital and substantially de-risked $GCGX's balance sheet. Easy to understand why convertible debt has been cut to $0.
If anyone wants to consider current financial strength, it would take only an 11.7% equity sale in Indulge Oils right now for $GCGX to become 100% debt free.
There's *nothing* that can stand in the way of substantial share buybacks happening. It's only a matter of which is the best pathway forward to grow the share price (100% focus on share buybacks vs. 100% focus on additional assets vs. blended option).
GCGX Will Never Regain OTCBB Status Let alone Nasdaq, companies 100x what this scam is couldn't even uplist and now they are in the crapper. The only was PPS moves here is by promoters trying to flip shares to the uneducated trader.
Only guarantee is more lies and deception. After all all you listed has been touted for years and years.
Only thing that happened was billions more shares sold to retrial the CEO and his cronies get at .0001
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