Global Equity International Inc (OTCMKTS:GEQU) is moving up the charts again today riding the recent deal struck with a private equity firm in Luxembourg for $2.7M. GEQU will use the funds to peel off some debt but investors here are swarming because this money could right the ship for an outfit that many see as undervalued. This 8K will also allow the company to stop any further dilution.
Combined with a move in late November, GEQU filed another 8k that allowed the company to acquire targeted advisory firms that the company believed would position them as an all-encompassing financial services firm. Currently, GEQU is a Dubai-based advisor to small or medium enterprises on how to raise money or how to launch an IPO.
“There’s a plethora of misguided young companies in the SME space who don’t know where to turn,” said CEO Peter Smith. “We bring them under our wing and help them operationally here in the Middle East, raising capital here or abroad and helping them achieve public listings. It usually takes two to four years.”
Global Equity International Inc (OTCMKTS:GEQU) through its subsidiary GE Professionals DMCC, provides consulting services, such as corporate restructuring, advice on management buy outs, management recruitment and development for corporate marketing, investor and public relations, regulatory compliance and introductions to financiers, to companies desiring to be listed on stock exchanges in various parts of the world. The Company’s operations are limited to insuring compliance with regional, state and national securities regulatory agencies and organizations. The Company advices and assists its clients in determining the corporate structure, which is suitable to their business models. The Company recommends management changes as per necessity. The Company also offers corporate governance models customized to specific organizations and desired exchange listings. The Company reviews and analyzes balance sheets and capital structures, and makes recommendations on debt consolidations.
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Here is a list of the clients GEQU currently has:
- VT Hydrocarbon Holdings (Pte.) Limited LNG Gas storage Singapore & Jordan
- Hoqool Petroleum Natural Resources United Arab Emirates
- Quartal Financial Solutions AG Financial Technology Switzerland
- Majestic Wealth Limited Property Development Cyprus
- Blackstone Natural Resources BV Natural Resources British Virgin Islands
Furthermore, GEQU intends to acquire at least two South East Asian Advisory Firms and a further two Advisory Firms based in the U.K. This will allow GEQU to continue to expand it reach and form more connections across the investment community.
Global Equity International Inc (OTCMKTS:GEQU) is up +20% on the day but the overall moves here are interesting. This stock is reaching a pennystock that has some interesting prospects. GEQU is compromised of industry veterans who are starting to gain traction in Middle East. GEQU has a market cap of $2.41M and 473.09M shares out. We will be writing updates as the news colors out here. Sign-up for continuing coverage on shares of $GEQU stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!
Disclosure: we hold no position in $GEQU, either long or short, and we have not been compensated for this article.