Global Equity International Inc (OTCBB:GEQU) Gets Corrected

[[tagnumber 0]][[tagnumber 1]]It seems that the upward run that Global Equity International Inc (OTCBB:GEQU) has embarked upon recently is coming to its end. The company stock has been doing fairly well in the past several months and it even managed to cross above the 1 cent per share mark in the beginning of the month.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]This has worked as a charm for the management team that has expressed its desire for the return of [[tagnumber 6]]GEQU[[tagnumber 7]] to the OTCQB tier. The company was downlisted in the start of the year because it didn’t meet the minimum requirement of holding a price of 1 cent per share for 30 days of trading.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]And while [[tagnumber 6]]GEQU[[tagnumber 7]] management has seen the opportunity to tout their stock through a press release that announced the intentions of reapplying for the OTCQB status, the numbers in the company’s balance sheet look quite grim.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 17]] [[tagnumber 18]]cash: $734[[tagnumber 19]] [[tagnumber 18]]current assets: $52,490[[tagnumber 19]] [[tagnumber 18]]current liabilities: $3,899,798[[tagnumber 19]] [[tagnumber 18]]quarterly revenues: $1,140,500[[tagnumber 19]] [[tagnumber 18]]quarterly net income: $372,802[[tagnumber 19]] [[tagnumber 28]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Unfortunately, the alarming lack of cash isn’t the biggest red flag. As we have previously mentioned there was a massive amount of stock issued between the start of July and August at rates that ranged from $0.00045 to $0.0007.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Even after yesterday’s 4.11% drop we see the ticker sitting at $0.014 which creates the possibility for massive profits for the people who received those shares. Still, yesterday’s trading went rather slow and the 7.44 million shares that changed their owners generated $106 thousand in daily dollar volume.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]][[tagnumber 6]]GEQU[[tagnumber 7]] gapped down in today’s session, but has currently managed to recover and is standing at yesterday’s closing price. So far the ticker is stable, but that doesn’t mean that it cannot drop below the 1 cent mark gain.[[tagnumber 2]]