web analytics
23.7 C
Munich
Wednesday, June 29, 2022

Gold Entertainment Group (OTCMKTS: GEGP) Breaking Out Northbound as New Management Looks to go Pink Current & Affect Reverse Merger

Gold Entertainment Group (OTCMKTS: GEGP) has awaking from the long downward drift following the last promotion on GEGP in October 2021 when the stock ran from current level to $ 0.0041. Up over 150% on Friday GEGP traded $450,000 in dollar volume on the day, a significant number for a triple zero pink. Management is making moves behind the scenes in their bid to get the Company “pink current” working to get their quarterly report on out which they are late on. GEGP took off last week with some real power and purpose and many investors are jumping on board hoping the reverse merger expected to happen here is about to be announced. It happened last week after months of delay on TXTM and that one has exploded. GEGP is looking for an acquisition of, or merger or consolidation with, another company with real revenues and explosive growth potential. 

Reverse merger stocks can be more explosive than biotech’s when the incoming Company has real value but is undiscovered to investors and we have covered many on the website that have gone from pennies to dollars. Two recent RM runners that stand out are TSNP which went from sub pennies (where we first wrote about it) to several dollars per share. The other is HRBR which went from a few cents (where we first wrote about it) to $3 plus. GEGP is a perfect merger candidate trading at a $14 million total market valuation with little debt on the books of just over $300k most of which is money owed to the CEO. The Company is currently actively seeking new business opportunities or merger candidates. GEGP is trading at a $7.3 million total market valuation with 9,181,501,513 shares outstanding, and a total float of 3,583,074,777 worth under $4 million.

Subscribe To Our 100% Free Penny Stock Newsletter!

Gold Entertainment Group (OTCMKTS: GEGP) current business plan is primarily to serve as a vehicle for the acquisition of, or merger or consolidation with, another company (a “target business”). The Company intends to use its capital stock, debt, or a combination of these to effect a business combination with a target business which management believes has significant growth potential  GEGP strategy is to seek an appropriate company as a working partner looking to develop new markets for its products or services. This may involve any of the following business strategies; licensing, co-ownership or distribution of a number of products and/or services suitable for the North American marketplace. The working partner company will have to provide proof to Management of its ability to sustain operations while expanding its market reach. 

To Find out the inside Scoop on GEGP Subscribe to Microcapdaily.com Right Now by entering your Email in the box below

GEGP

GEGP was originally incorporated in the State of Nevada on February 3, 1999 under the name Advanced Medical Technologies, Inc. The Company was organized formerly for the purpose of establishing a multimedia internet-based communication network between the healthcare industry manufacturers and the key base managers in the medical field to advertise and promote the manufacturers’ products. As a result of the abandonment of its patent rights and termination of its previous consulting agreements, as of March 26, 2002, the Company decided not to pursue its previous business plan involving multimedia internet bases. On March 26, 2002, the Company consummated a “reverse acquisition” and changed its name to Gold Entertainment Group, Inc. On August 28, 2007, the Company filed a certificate of domestication with the State of Florida whereby the Company became a Florida corporation. Simultaneously, the Company’s capital structure was increased to 25,000,000,000 common shares having a par value of $0.0001 per share and 50,000,000 preferred shares having no par value per share. 

On June 27, 2018, Gold Entertainment Group, Inc. (“we” or “Company”) entered into an agreement with IceLounge Media Inc., a Wyoming corporation (‘ICELOUNGE”), (the “Agreement”). Pursuant to the terms of the Agreement, the Company authorized a new class of Preferred Shares. The new class, SERIES B Preferred Shares were issued as part of the payment due to the Company’s CEO and Director, Mr. Fytton, for the acquisition of the Company’s controlling block of Series A Preferred Stock, by ICELOUNGE; whose rights remain unchanged. Following conformation from the State of Florida of these changes, the Effective Date for the previously announced ICELOUNGE Agreement is amended to be August 10, 2018. On the effective date of August 10, 2018, Mr. Fytton resigned as an Officer and Director of the Company. The new Officers James Kander & Robert Schlegel own the controlling block of GEGP stock. 

For More on GEGP Subscribe Right Now!

Currently trading at a $7.3 million total market valuation GEGP has 9,181,501,513 shares outstanding, and a total float of 3,583,074,777 worth under $4 million. GEGP is a perfect merger candidate trading at a $14 million total market valuation with little debt on the books of just over $300k most of which is money owed to the CEO. The Company is currently actively seeking new business opportunities or merger candidates. GEGP has awaking from the long downward drift following the last promotion on GEGP in October 2021 when the stock ran from current level to $ 0.0041. Up over 150% on Friday GEGP traded $450,000 in dollar volume on the day, a significant number for a triple zero pink. Management is making moves behind the scenes in their bid to get the Company “pink current” working to get their quarterly report on out which they are late on. GEGP took off last week with some real power and purpose and many investors are jumping on board hoping the reverse merger expected to happen here is about to be announced. It happened last week after months of delay on TXTM and that one has exploded. GEGP is looking for an acquisition of, or merger or consolidation with, another company with real revenues and explosive growth potential.  Reverse merger stocks can be more explosive than biotech’s when the incoming Company has real value but is undiscovered to investors and we have covered many on the website that have gone from pennies to dollars. We will be updating on GEGP when more details emerge so make sure you are subscribed to Microcapdaily so you dont miss out.

WAIT! Do You Want Stocks That Could Go Up 348% In Days Delivered To Your Inbox For FREE?

Disclosure: we hold no position in GEGP either long or short and we have not been compensated for this article.

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest article

Sign up now for our 100% FREE Penny Stock Newsletter

Privacy Policy. we will never share your email with anyone.