After many months of decline GGII has sat rather quietly in the $.0001 - $.0002 range until this past Wednesday when positive company news brought investors back into the stock. GGII traded over 300 million shares on April 6th and continues to see shares under accumulation as evidenced by the recent spike in accum/dist:
Triple zero stocks can provide some of the most substantial percentage gains. We've seen many stocks recently rise from the same level GGII trades at and hit $.004 or better a share. Think EYSM... a stock with almost an identical share structure which rose from GGII's current price to $.0048 a share in the span of a few weeks. That would amount to a 2,000% return for GGII investors if the stock moves just as EYSM did. That is the reason traders/investors buy these triple zero stocks. The allure of the big gain. Obviously the risks are high with these stocks but commensurate with these risks is the potential for big gains.
This Wednesdays press release was important for GGII and one the reasons why I think this stock will rally from here. For one the CEO states that there is no plans for a reverse split. For a triple zero stock this is exactly what you want to hear. The company is also working on two acquisitions that should add value to the stock. The company is working on getting the current information tag from Pink Sheets which is a step in the right direction. Outstanding shares and tradeable float are very attractive in size with the float, according to Pink Sheets, at 1.1 billion shares. The rest of the share structure is very similar to EYSM a stock that went to $.0048 from $.0002 not long ago.
The company has also kept up with its filing obligations, which is a great sign, and shows the willingness of the company to be as transparent as possible. This is not usually the case with a Pink Sheet stock, and is a positive sign for GGII and its investors.
Judging by the April 6th Press Release we should be getting acquisition news in the near term as these acquisitions get finalized. These news events could also trigger a rally in GGII shares.
While nothing is ever 100% certain in this market, one thing is certain for GGII and its shareholders, the potential for big gains is there. This stock has fallen quite far, and was trading at over $.10 this same time last year. Just as a bounce play this stock has potential, factor in recent developments and the future possibility regarding to be announced acquisitions, GGII is setting up nicely for a significant rally. If you haven't already, add GGII to your watch list.
LOS ANGELES, Apr 06, 2011 (BUSINESS WIRE) -- Green Globe International, Inc. (OTC: GGII) today updated shareholders on the status of its financial filings, the repositioning of the company's current certification licensing agreements, its strategy to expand its revenue model, and its intention to consummate a strategic acquisition in the near future that would result in a change to the company's name.
The company recently posted its Annual Report at www.otcmarkets.com and is currently working on the Quarterly Report for the period ended March 31, 2011. The company will post this quarterly report through the OTC Markets disclosure platform, and with the assistance of Jeff Garrison (www.fiscallygreen.net), its consultant CFO, expects to meet the timelines required to achieve and maintain "Current Information" status.
The company also has completed the repositioning and assignment of its licensing agreements with its two certification licensees to its subsidiary, Green Globe Limited, a UK corporation and the owner of the trademark rights to the Green Globe name and logo. The ongoing strategy is to support the growth of licensing revenues from certification, which will be included as part of the public company's consolidated financial statements.
With the certification licensing agreements transferred to Green Globe Limited, the company will move forward to consummate a targeted acquisition. The company is currently in negotiations with two possible acquisitions and expects to complete one of them in the near term. The acquisition strategy is expected to result in a change in the name of the public company.
"The movement of the licensing agreements to Green Globe Limited is consistent with the strategy we laid out for shareholders in 2010, and we have now completed this process," said Green Globe International Managing Director and CEO Steven R. Peacock. "We will now move forward to complete a strategic acquisition and to rebrand the company with a new name, allowing us to expand our focus beyond just Green Globe branded programs. Management has no plans for a reverse split and will work to build value within the company's current structure."
To receive email alerts from the company, please visit http://www.greenglobeint.com/stayconnected/email/.
About Green Globe International, Inc.
Green Globe International, Inc., through its 88% majority ownership in Green Globe, Ltd., a UK corporation, is the owner of the Green Globe brand, the recognized leader of sustainability certification and benchmarking programs. The company is structured as a holding company and expects to continue to acquire environmentally oriented companies that add value to the public company and its shareholders. For more information please visit www.greenglobeint.com.
Safe Harbor Statement
This release contains forward-looking statements with respect to the results of operations and business of Green Globe International, Inc., which involves risks and uncertainties. The Company's actual future results could materially differ from those discussed. The Company intends that all forward-looking statements be subject to the "Safe Harbors" provision of the Private Securities Litigation Reform Act of 1995.
SOURCE: Green Globe International, Inc.
CONTACT:Green Globe International, Inc. Steven R. Peacock Public Relations and Communications Tel: 866-302-5071 investors@greenglobeint.com
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