Ann: WBE: Wizard Lake Development Begins with Funding Boost, page-14

All my guess, WBE and GGE share the same board, which means they have the same owners. Seems they like the WBE project more and decided to focus on WBE. So they utilized the CR to transfer all the cash to WBE and made GEE as a clean shell. They are negotiating with someone who will raise capital for a back door listing. The current board will get out of GGE with certain cash or percentage of the new shares. Since GGE already has 800m shares, it my guess is right, a consolidation is on the card.