April 20, 2021
GNGR (Gunther Grant) has started the process with our accountant and attorney to file on or before June 30, 2021 so that GNGR is OTC current, long before the September deadline.
As much as I appreciate the calls and emails from panicked companies and 3rd party affiliates making offers to buy or merge various companies into GNGR, GNGR is not for sale and has no interest in merging with any company at this time.
GNGR will only post news on Instagram, Twitter, Facebook, on our websites and through proper PR news releases. Links to those social media pages can be seen now on either of our websites.
GNGR also has to address the need for liquidity without dilution.
GNGR has decided that investors who have been holding restricted GNGR shares for many years should have those shares converted to free trading that allows some more shares available to the market to new investors without dilution. However, there is no guarantee any of those shareholders will sell.
The total amount of unrestricted shares is 307,553,765
The total float is 108,553,765 (The balance of the unrestricted have not been deposited into a trading account yet) In addition there are about 85,000,000 additional restricted shares held by individuals.
If GNGR were to un-restrict the 85,000,000 and two non affiliates deposit their combined 189,000,000 shares into a trading account making all issued shares (not including the CEO) free trading, GNGR would have a new float of approximately 392,553,765 shares.
The proper filings and Finra documents and legal letters will be done as required.
As for the 15c211 amendment,
Will the new 15c211 work? What will it accomplish? Will that new rule allow compliant companies to attract higher caliber investors? And will the sub penny OTC players take a position in 15c211 complaint companies if the shares are trading higher than the sub penny prices that many only buy into? We don't know.
It is possible that the existing STOP sign and Caveat listed companies may remain the same only market the shares outside of the OTC marketing and price quote system. If this happens after September, it will show that 15c211 was no deterrent to manipulation and fraud that has run rampant on the OTC.
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A better choice for compliance would be to suspend the Debt conversion for shares rule. Eliminating that would completely eliminate all fraud and manipulation simply for the fact that no shares could be diluted and dumped by the billions by converting debt into free trading shares with no limit to the diluted shares well into the billions on any given ticker.
Penny players love to buy 1,000,000 shares for $100 ($.0001 per share) to do that, pumped companies need billions of shares to sell to make millions of dollars on low priced stocks. And there is no guarantee those sub penny players would move to a $.05 or higher priced stock if all the fraud was eliminated.
In addition, most of those pump and dump listed companies have no revenue except from selling shares so many would fold simply because they make no revenue from products.
Eliminating the debt conversion rule would stop all fraud in its tracks.
15c211 does not address fraud, it only forces companies to pay the OTC fees to be "OTC Current" 15c211 may in fact backfire as some pump and dumps file to comply with 15c211 and those that do go to OTC current with the same no revenue and massive debt structure will just add more validity to fraud as 15c211 compliance is seen by investors as forcing a company to be legit when that is not so.
Many pump and dump stocks are already OTC Current and many are at OTCQB and compliant. The reason most are on the STOP sign is they just do not want to pay the annual fees to the OTC.
With so many now not paying the fees and having the stock listed and data posted on the OTC, the OTC is losing 10's of millions in fees. This 15c211 may in fact just be a way to get more companies to pay the fees.
What will likely happen is OTC's who fail to be 15c211 compliant can still sell their securities by debt conversion rules just not through the OTC quote system like they do now using 3rd party brokers and marketing people and most investors do not even access OTC data when they purchase a hot tip stock.
My numerous suggestions to the SEC to eliminate debt conversions to stop the pump and dump fraud would also cause the total of all OTC shares sold each day to drop by 90% and the capital lost would be about $300,000,000 per day if the DEBT rule was eliminated.
If the $300,000,000 was prevented from being spent on pump and dump scams every trading day and that money was used to invest in the remaining 5000 valid OTC listed companies would mean $60,000 per day would be reinvested in companies that are valid and expanding and seeing the share prices rise.
The problem with that new no fraud structure is you would not see a $100 investment for 1,000,000 shares turn into $1,000,000 but more like $100 invested rising to $1000 or even $10,000 but that return for the sub penny players is just not enough gains to get into any given legitimate stock.
Investing $100 to dream of making $1,000,000 is greater than investing $100 to make in reality $1000. That is why pump and dumps are so rampant and active and causing billion in losses each year from dreamer investors.
If the market really wanted to CLEAN HOUSE, Eliminate the debt conversion rule, that would solve the problem entirely. Why this is not done you can thank Congress for that.
That reason is, there is just too much money and volume to give up in the marketplace, and with that kind of money trading hands, 15c211 may likely not have any impact against fraud. We shall soon see.
Moving ahead the plan and options for GNGR to consider are;
Add shares to help with liquidity without dilution, a good thing.
Be 15c211 complaint and current, a good thing being current but it may not stop OTC stock fraud.
Continue to expand with proven sales globally, a good thing.
GNGR is doing what most if not all OTC stop sign and caveat non-compliant companies should be doing. What will happen to them under the new 15c211 September date? We do not know.
I created and run a company not a share selling operation so we are not worried about being OTC current.
Other than that we all have to wait and see what happens in September.
We have 5 months to find out and in 5 months GNGR will have expanded further.
Grant
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