Global Equity International Inc (OTCBB:GEQU) Climbing On Positive News

[[tagnumber 0]][[tagnumber 1]]This year hasn’t been very favorable towards the stock of Global Equity International Inc (OTCBB:GEQU) so far. The ticker has managed to lose quite a lot of value over the course of the past months and threatened to drop below the 1 cent per share mark earlier in May.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Meanwhile, the company has been doing rather well, considering the market cap that it controls. On Tuesday the company announced that Majestic Wealth Limited has chosen them with a further capital funding of up to, but not limited to $455 million. This was well received by investors and we saw the ticker climb 31.82% on increased volume in the very same session.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Wednesday was another exciting day as [[tagnumber 10]]GEQU[[tagnumber 11]] filed its financial report for the first quarter of 2016 and it contained the following numbers of prime interest.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 15]] [[tagnumber 16]]cash: $56 thousand[[tagnumber 17]] [[tagnumber 16]]total assets: $3.26 million[[tagnumber 17]] [[tagnumber 16]]total liabilities: $2.23 million[[tagnumber 17]] [[tagnumber 16]]quarterly revenues: $843 thousand[[tagnumber 17]] [[tagnumber 16]]net income: $487 thousand[[tagnumber 17]] [[tagnumber 26]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]While the cash reserves of [[tagnumber 10]]GEQU[[tagnumber 11]] are still quite small we see that the company has managed to close another quarter with a significant net income. Yes, the revenue has dropped slightly compared to the last quarter of 2015, but we see that the net income has more than doubled compared to the same period.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]The report was accepted in the afternoon, so it didn’t have much of an effect in the session, but [[tagnumber 10]]GEQU[[tagnumber 11]] returned to climbing the very next day. It added a further 12.25% to its value in Thursday and made another 2.42% upward step in Friday’s session.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Considering the current market cap of $13 million and the optimistic results for Q1 of 2016 we might see [[tagnumber 10]]GEQU[[tagnumber 11]] climb even further up the charts, but that doesn’t mean that you should skip doing your due diligence and weigh out the risks before putting any money on the line.[[tagnumber 2]]