LessIsMore
4月前
GOLQ can no longer trade on the OTC. Keep in mind that this is once again another failed production of disgraced blogger Chris LaCoursiere the worldwide leader in failed promos. If people continue to follow this man they will lose 100% of their investment.
The fleas have moved on to his next stock.
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LessIsMoreRe: Porter Laker post# 30
Sunday, April 02, 2023 6:55:39 PM
Post# 32 of 61
When you sleep with dogs you get fleas.
GOLQ lost over $24 Million in 2022 on just over 5M in revenue.
The Company ended 2022 with $35,254 in cash.
Gnarlyman
1年前
Just for you dude!
https://www.otcmarkets.com/stock/GOLQ/security
🚨 $GOLQ
💰0.5350
Pink Current, AS: 200M, OS: 70M, US: 1.2M
Outstanding Shares Updated:
🔴 134,444,000 (2023-09-11)
🟢 70,681,954 (2023-10-02)
Difference: -47.4% (-63M)
Restricted Shares Updated:
🔴 133,213,000 (2023-09-11)
🟢 69,450,954 (2023-10-02)
Difference: -47.9% (-63M)
Chart, OTC Profile, Twitter, @otcupdates
Update: 2023-10-03 03:11:57 (UTC)
Wait there is more.
🚨 $GOLQ
💰0.5342
Pink Current, AS: 200M, OS: 63M, US: 1.2M
Outstanding Shares Updated:
🔴 70,681,954 (2023-10-02)
🟢 63,136,499 (2023-10-09)
Difference: -10.7% (-7.5M)
Restricted Shares Updated:
🔴 69,450,954 (2023-10-02)
🟢 61,905,499 (2023-10-09)
Difference: -10.9% (-7.5M)
Chart, OTC Profile, Twitter, @otcupdates
Update: 2023-10-10 03:44:30 (UTC)
Gnarlyman
1年前
Why don’t you read the 10-Q, page 11. But, since you probably won’t here you go.
https://www.otcmarkets.com/filing/html?id=16879381&guid=fpg-knVR-IHvJth
As GammaRey has been unable to obtain and deliver audited financial statements as contemplated by the parties, which financials statements are necessary for required public disclosures by the Company pursuant to the U.S. federal securities laws, the Company, GammaRey and the GammaRey Shareholders have entered into a Mutual Termination Of Share Exchange Agreement And Plan Of Reorganization And Mutual Release (the “GammaRey Termination Agreement”) whereby the parties mutually elected to abandon the proposed business combination and to terminate the Share Exchange Agreement and cancel the GammaRey Shareholder Shares totaling seventy-six million two hundred forty-seven thousand five hundred (76,247,500) shares that were issued pursuant to the GammaRey Share Exchange Agreement. As such, the Company, GammaRey and the GammaRey Shareholders executed a Termination Of Share Exchange Agreement And Plan Of Reorganization And Mutual Release (the “GammaRey Termination Agreement”), dated July 19, 2023. As of the date of this Report, the Company has obtained signatures from the GammaRey Shareholders representing seventy-five million four hundred ninety-seven thousand five hundred (75,497,500) shares and is currently obtaining the requisite personal information and stock powers required to return all previously issued seventy-six million two hundred forty-seven thousand five hundred (76,247,500) shares to Treasury for cancellation.
tdbowieknife
2年前
They also didn't report the truth about the previous Genesis Financial, Inc. GFNL.
This is what they said...
GammaRey includes its wholly owned subsidiary Genesis Financial, Inc. (“Genesis”) which was incorporated in Washington State on January 24, 2002 and on January 26, 2016 it moved its corporate domicile to the State of Wyoming. The Company’s headquarters are in Las Vegas, Nevada. Common shares of the Company were publicly traded on the OTC markets through September 2020 (ticker GFNL). The Company failed to become current with its quarterly and annual reporting requirements with the U.S. Securities and Exchange Commission (the “SEC”), and its stock was delisted after the close of business September 1, 2020.
This is what really happened. GFNL was first suspended by the SEC for failure to file for YEARS... Then they settled with the SEC and agreed to voluntary revocation. Dates don't match up either.
https://www.sec.gov/litigation/suspensions/2020/34-89954.pdf
https://www.sec.gov/litigation/admin/2020/34-90491.pdf
And Tim Alfords name pops up here again.
(4) Tim Alford holds sole voting and dispositive control of these securities. The address of AD Securities America LLC is 445 Park Avenue, Suite 922, New York,
New York 10022
https://seekingalpha.com/filings/pdf/14332100
.
Caveat Emptor!!
..
.
tdbowieknife
2年前
Going Concern
These financial statements have been prepared on the going concern basis, which assumes that the Company will be able to realize its assets and discharge its liabilities in the normal course of business. The continuation of the Company as a going concern is dependent upon the continued financial support from its shareholders, the ability of the Company to obtain necessary equity financing to support operations, and the attainment of profitable operations. During the year ended December 31, 2022, the Company has incurred operating losses of ($24,254,322) and has negative cash flows of $1,298,027 from operations for the year then ended December 31, 2022. As at December 31, 2022, the Company has a working capital deficit of $2,074,274 and an accumulated deficit of ($24,319,872). These factors raise substantial doubt upon the Company’s ability to continue as a going concern. These financial statements do not reflect any adjustments that may be necessary if the Company is unable to continue as a going concern.
https://www.otcmarkets.com/filing/html?id=16517845&guid=bwm-ke_QP5kVV3h#GOLQ-20221231_HTM_a001_005_item2properties
Caveat Emptor
..
.
LessIsMore
2年前
There's an excessive amount of legalese and the devil is in the details. It appears that the preferred vested 25% at issuance (July 26, 2022) and then 6.25% per month until July 26th, 2023 (see bold).
The preferred can be converted starting on "the 18th anniversary of July 26, 2022" (see italics). The million dollar question is "what is their definition of an anniversary"? It could be 18 days or 18 weeks or 18 months, I've yet to see this defined in a filing.
On July 26, 2022, GoLogiq, Inc. (the “Company”) sold and issued an aggregate of 2,000,000 shares of newly created Series A Preferred Stock, par value $0.001 per share (“Series A Preferred”), of the Company to certain members of its management for an aggregate purchase price of $20,000 ($0.01 per share). The Series A Preferred Stock issued to each such member of management shall be subject to a repurchase option and shall vest 25% at issuance and the remaining 75% shall vest in equal monthly installments over a period of twelve (12) months from the date of issuance, provided such person provides continued service to the Company during such period.
Each share of Series A Preferred is convertible, at the option of the holder, at any time and from time to time commencing on the eighteenth (18th) anniversary of July 26, 2022 (such period, the “Holding Period”), into one (1) share of Company common stock (the “Conversion Ratio”), subject to certain adjustments. In the event of a Liquidation Event (as defined in the COD), such optional conversion right will terminate at the close of business on the last full day preceding the date fixed for payment or distribution in connection therewith.
LessIsMore
2年前
2 Million shares were sold for a penny each so IMO the stock will descend towards that level.
GLTY
On July 26, 2022, GoLogiq, Inc. (the “Company”) sold and issued an aggregate of 2,000,000 shares of newly created Series A Preferred Stock, par value $0.001 per share (“Series A Preferred”), of the Company to certain members of its management for an aggregate purchase price of $20,000 ($0.01 per share). The Series A Preferred Stock issued to each such member of management shall be subject to a repurchase option and shall vest 25% at issuance and the remaining 75% shall vest in equal monthly installments over a period of twelve (12) months from the date of issuance, provided such person provides continued service to the Company during such period.
Each share of Series A Preferred is convertible, at the option of the holder, at any time and from time to time commencing on the eighteenth (18th) anniversary of July 26, 2022 (such period, the “Holding Period”), into one (1) share of Company common stock (the “Conversion Ratio”), subject to certain adjustments. In the event of a Liquidation Event (as defined in the COD), such optional conversion right will terminate at the close of business on the last full day preceding the date fixed for payment or distribution in connection therewith.
JamesE_
2年前
GoLogiq and GammaRey Sign Definitive Share Exchange Agreement for $320 Million Merger
GoLogiq and GammaRey Sign Definitive Share Exchange Agreement for $320 Million Merger of the Two Fintech Companies
As the result of the definitive agreement, privately-held GammaRey brings to GoLogiq (OTC:GOLQ):
*Profitable business with strong cash flow.
*Nearly $800 million in customer financial assets.
*Full-stack fintech ecosystem designed for the New World Digital Economy, including a commodity-backed digital currency, digital wallet, and proprietary transaction platform for securities, goods and services.
*Pipeline of accretive and/or technology-enabling acquisitions.
https://gologiq.com/ir/press-releases/gologiq-and-gammarey-sign-definitive-share-exchange-agreement-for-320-million-merger-of-the-two-fintech-companies/