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Sunday, October 17, 2021

Gold Entertainment Group (OTCMKTS: GEGP) Parabolic Runer as Ambitious New Management Team Looks to go Pink Current and Actively Seeks RM Candidate

Gold Entertainment Group (OTCMKTS: GEGP) is making a major move northbound in sub penny land. The stock is quickly gaining traction among small cap investors and starting to attract some big players. Currently under heavy accumulation GEGP is looking to break out of its current trading range and blaze a path along the likes of Enzolytics or Tesoro and break out into a whole new dimension. GEGP is on a blue-sky breakout emerging as a top traded stock in small caps on Wednesday trading 1.3 billion shares on the day. 

Reverse merger plays can be more explosive than biotech’s when the incoming Company has real value but is undiscovered to investors and many RM stocks we have covered on this website have gone from pennies to dollars. It’s easy to get excited about GEGP which is currently looking to go “pink current” with the attorney’s letter filed on September 27. GEGP is a perfect merger candidate trading at a $14 million total market valuation with little debt on the books of just over $100k most of which is money owed to the CEO. The Company is currently actively seeking new business opportunities or merger candidates.  

Gold Entertainment Group (OTCMKTS: 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. 

Gold Entertainment Group, Inc. was originally incorporated in the State of Nevada on February 3, 1999 as a C corporation under the name ADVANCED MEDICAL TECHNOLOGIES INC. / CANADA. The fiscal year end is January 31st. On August 28, 2007 the state of incorporation was changed from Nevada to Florida. 

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GEGP

Commencing January 31, 2004, Gold Entertainment Group, Inc. was a developer and marketer of a national multi-level, fixed- price DVD rental program, and sought to become a leading home entertainment sales and rental company. Gold Entertainment Group, Inc. marketed its products and programs exclusively through an independent network of distributors whereby its distributors promoted the Company’s DVD rental service with products shipped directly to consumers. 

At the time, the Company had operations through its main office in Florida, and a Canadian subsidiary in Toronto, Ontario. The company is currently actively seeking new business opportunities.  

On June 27, 2018, Gold Entertainment Group, Inc. (“we” or “Company”) entered into an agreement with IceLounge Media Inc., a Wyoming corporation/ 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.  

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GEGP is making a major move northbound in sub penny land. The stock is quickly gaining traction among small cap investors and starting to attract some big players. Currently under heavy accumulation GEGP is looking to break out of its current trading range and blaze a path along the likes of Enzolytics or Tesoro and break out into a whole new dimension. GEGP is on a blue-sky breakout emerging as a top traded stock in small caps on Wednesday trading 1.3 billion shares on the day. Reverse merger plays can be more explosive than biotech’s when the incoming Company has real value but is undiscovered to investors and many RM stocks we have covered on this website have gone from pennies to dollars. It’s easy to get excited about GEGP which is currently looking to go “pink current” with the attorney’s letter filed on September 27. GEGP is a perfect merger candidate trading at a $14 million total market valuation with little debt on the books of just over $100k most of which is money owed to the CEO. The Company is currently actively seeking new business opportunities or merger candidates. We will be updating on GEGP when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with GEGP.

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

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