Global Earth Energy, Inc. (OTCMKTS:GLER) Switches to Rental Flats to Charm Investors
Fast success has many forms on the OTC markets, and in the past few days yet another double-zero stock managed to pull itself out of a valley. Global Earth Energy, Inc. (OTCMKTS:GLER) had another great day after announcing it acquired income-producing assets. This means that the OTC company may have become a vehicle for another business to gain exposure to the OTC markets. 
Buying volumes remain strong for GLER, and the interest may keep in the next few days as the stock is accessible at $0.0023. On Tuesday, the ticker climbed more than 27%.
The income-producing asset in question has little to do with the company’s main occupation of acquiring oil drilling plots and rights. GLER instead bought an apartment complex, and to do this, it issued a convertible note of $2.5 million. We are yet to see how the rental business affects the bottom line of GLER, but the net cash inflows per year are around $151,000.
With its other activities, GLER had almost nothing to show in its financial filings:
- Zero revenues
- $1.5 million quarterly net loss
- Zero cash and assets
- $5,059 current liabilities
Keeping this fundamental information in mind, it is easy to see how GLER is a risky bet, expected to deliver spectacular intra-day climbs. But this also means a potential for sharp corrections, such as the one following the February pump.
A few months ago, GLER was taken up by Inside Bulls, in an email campaign worth just $3,500, but this also caused large swings and a drop of 66% in a few short days. Currently, Inside Bulls already chose a new ticker, EP Global Communications, Inc. (OTCMKTS:EPGL). This stock shot up from double zeroes and at 3 cents still holds potential, but keep in mind that pumped stocks tend to correct sharply as soon as the interest is not held up by regular messages.
