Might Global Equity International Inc (OTCBB:GEQU) Run Out Of Fuel

[[tagnumber 0]][[tagnumber 1]]After descending down the charts through almost all of the first half of the year Global Equity International Inc (OTCBB:GEQU) finally managed to show us some impressive performance this month. And the price wasn’t the only thing that was increased.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]A series of optimistic press releases that have lately become more like fluff PR was the reason for the upward movement. The company has announced a reduction to its toxic convertible note as well as a signed agreement with Primesite Developments Limited, a real estate development from England to help them list their shares on a US exchange.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]What will this bring to [[tagnumber 10]]GEQU[[tagnumber 11]] is still under question. So far the company hasn’t been doing very well as is visible by its financials. Here are some of the numbers contained in [[tagnumber 10]]GEQU’s[[tagnumber 11]] report for the first quarter of the year.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 17]] [[tagnumber 18]]cash: $1,979[[tagnumber 19]] [[tagnumber 18]]current assets: $70,150[[tagnumber 19]] [[tagnumber 18]]current liabilities: $2,923,920[[tagnumber 19]] [[tagnumber 18]]quarterly revenues: $15,000[[tagnumber 19]] [[tagnumber 18]]quarterly net loss: $795,820[[tagnumber 19]] [[tagnumber 28]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Pretty terrible numbers even for an OTC listed company, but at least [[tagnumber 10]]GEQU[[tagnumber 11]] has managed to almost eliminate its convertible debt. A press release from July 21 informs us that there is one convertible noteholder left who is owed around $14,600. He is expected to convert his note by the end of this week or in the beginning of the next, but it is not said how big of a discount will he get as he converts it into common shares.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]We also see that [[tagnumber 10]]GEQU[[tagnumber 11]] is getting a bit shaky. Despite the positive news coming from the company and the touting by the Daily Stock Reporter the ticker lost 16.92% in yesterday session. A total of 22 million shares changed their owners during the day and generated $117 thousand in daily dollar volume.[[tagnumber 2]] [[tagnumber 0]] [[tagnumber 2]] [[tagnumber 0]]Today’s start shows us that [[tagnumber 10]]GEQU[[tagnumber 11]] might have gotten as high as it can get. The ticker is sitting 11.11% down as of the writing of this article at $0.0048 with very few trades. In any case, be sure to do your due diligence and weigh out the risks before putting any money on the line.[[tagnumber 2]]