Purchasing agreement, or agreements for funding – this is coming every now and then from Global Earth Energy Inc.(PINK:GLER). It is no wonder that its chart has such a peculiar shape. Peculiar or not, however, the fact of the matter is that, with a few exceptions, this stock has been gravitating in sub-penny levels for quite some time now. 
Actually, this May another attempt was made for the $0.01 barrier, but an unsuccessful one. Back then, the catalyst was the possible $300 million in sales. On the next day, the figures in the press releases included $500 million. Yesterday, another announcement came out regarding the execution of a purchase agreement. Now, while the latter is done through a partnership with another company, it is actually not clear what GLER`s role is in this purchase. The other party pays for the purchase, after all.
On a related subject, payments and funding is quite an interesting topic. Due diligence by an iHub poster paints quite an interesting picture about the company’s announcements earlier this year, the ones focusing on additional financing. In the post in question, much attention is drawn to the claims and the SEC filings that followed. Yet, even without this interesting opinion in mind, the numbers in the 10-Q are not less interesting. The last one with an end-date Feb, 28th includes the following:
- $21k in total current assets(cash only);
- no revenues; [BANNER]
- $1.2 million in net loss;
What is more, dilution is also an interesting topic not to go overlooked. Nevertheless, even without it in mind, it is clear that GLER is not in its best financial condition. Coupled with the sudden jumps and slumps in the stock price, this seems as a stock that could appeal to speculative traders. For long-term oriented ones, however, it is a questionable choice.
