Global Equity International Inc. (OTCBB:GEQU) Makes Another Run Up
Global Equity International Inc. (OTCBB:GEQU) caught a nice upward draft that left it 12.91% in the green in yesterday’s session – so how can this be?
Well, to put it simply, there are quite a few entities currently pumping out positive reviews and optimistic comments about GEQU right now. Just a few days ago, an article that popped up in its newsfeed described it as “having huge potential” and claimed that it “continues to outshine the rest”.
Well, while this is technically true, and GEQU has had more success than most of the OTC Markets’ smallcap companies, in the sense that it isn’t racking up net loss like crazy right now, it is also true that it’s current situation can’t really be called peachy. Its latest financial report looked like this:
- cash – $734 NUMBER NOT IN THOUSANDS
- current assets – $52 thousand
- current liabilities – $3.9 million
- quarterly revenues – $1.1 million
- quarterly net income – $373 thousand
Those do not look like the financials of a company on the verge of a breakout. Notice how as of Jun 30, 2015 it had less than $1 thousand? That’s what you’d normally call “mediocre”, not “promising”.
And, as we’ve remarked on multiple occasions in the past, GEQU‘s mediocre achievements aren’t even the biggest threat to its investors. Dilution is.
The numbers speak loud and clear for themselves – 448 MILLION out of the 482 MILLION shares that GEQU had as of August 2015 have come into existence AFTER November 2014. In July 2015 alone, GEQU issued millions of shares of common stock at rates between $0.00045 and $0.0007.
So let’s summarize all the facts. The company’s achievements to date are negligible, even if they can technically be called superior to some of the other mediocre companies on the OTC Markets. Various entities keep pumping out positive reviews and optimistic comments, while there is concrete evidence that it is printing millions of shares of common stock, and a few select individuals can get shares at ridiculously low prices for.
Investors should be able to draw conclusions about how “promising” the company is from these facts alone, and act accordingly.
