RM5lL and Bar1080, Yes we did do our DD on GNGR and the CEO.
The credit reports were favorable, not perfect but favorable with no issues to raise any red flags when we made our decision to work with GNGR.
No felonies or even a DUI, One speeding ticket back in 1999. One factor in all this was the involvement of Christopher K. Davies who was given 100,000,00 shares to raise $1,000,000 for GNGR to expand. GNGR had only 8,505,450 shares in the float, the additional 100,000,000 issued to Davies is what made the current float 108,553.765 shares that have not changed since.
GNGR was duped as those 100,000,000 were sold for what we can tally as $5,000,000 selling between $.20 and $.01 averaged to $.05. GNGR never got the funds but were now out 100,000,000 shares.
This event looked like a GNGR stock scam dilution dump when it was just an attempt for GNGR to raise some capital, get some shares in the float for some liquidity without diluting.
If you Google Christopher K. Davies SEC you will see he was arrested for serious fraud. Mr. Newstder at the time saw no reason not to trust Davis. In fact, Davies was a legitimate attorney with many filings with the SEC at the time GNGR gave him the 100,000,000 shares. Soon after, he was involved in events that warranted his arrest.
This looked like GNGR was part of a scam when that is untrue. GNGR was duped and almost had to fold the company but Mr. Newsteder fought to keep it alive and GNGR still is. And better than ever I might add.
The SEC also investigated GNGR when all OTC listed companies went through the same process. In the end GNGR was issued a letter (attached here) from the SEC themselves that GNGR has no issues that warrant any SEC enforcement action.
The SEC looked into GNGR and Mr. Newteder more than anyone her would ever be able to.
The SEC said GNGR is good to go and that is excellent news and since 2016 GNGR has done noting but strive to continue to expand the molding process from confections into silver and gold castings that sell worldwide.
1000’s of other OTC’s were de-listed, folded or CEO’s arrested. Little to late for investor’s with regards to Kingolds $2.8 billion fraud! Or Signets demise and 1000s of other OTC pump and dumps that came and went all while GNGR remained consistent.
You think people would have looked at Kingold the way some question GNGRs validity, and those who can only question GNGRs validity only post a speculative negative to raise artificial concerns not on facts but assumptions to try and keep people to wonder if that speculation is in fact true.
The SEC investigation and outcome word is law and a fact that GNGR is not doing anything to cause the SEC to take action or cause them to have the DOJ investigate GNGR for any reason.
When people post what looks like negative facts has already been proven by the SEC as not a fact. Those negative posts are just banter with no legal or moral substance.
Anyways GNGR is legit, The CEO is not under any criminal action or nefarious issues. GNGR is a simple OTC company that is doing what they say and proving what they say they do.
We asked Mr. Newsteder to make the FLAFLYERSFAN silver key chain to prove a point, I think we did that. We wanted to send the FlyersFan sterling silver key chain to him but they have net responded to our request for their address but its here when and if they ever want it. The next line completely different form the silver drop line will add even more products to the world market or jewelry buyers.
YES, GNGR will move back to OTC current with posted financials and positive news. We will than look into news and articles to be submitted to publications that feature new and exciting jewelry and unique items GNGR is offering.
We will than decided what to do about the low float, get some liquidity and increase shareholder value. We are in this for the money so we have the same motives as many here are looking to capitalize on.
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