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GERI: inactive security. FINRA deleted symbol:
https://otce.finra.org/otce/dailyList?viewType=Deletions
Hello, all. New to this forum, but not to GERI (somewhat).
Just have a question and looking for some intel... opinions are welcome, too.
What is currently going on with GERI? I have noticed some time ago their stock has dropped to .0001 and nothing has changed since. I can't seem to find any info on the company, i.e. out of business, etc.
Anybody have anything to share about GERI and what to expect from them and their stock?
I appreciate everything!
UNITED STATES OF AMERICA Before the SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934 Release No. 57867 / May 27, 2008
SECURITIES AND EXCHANGE COMMISSION SUSPENDS TRADING IN ELEVEN ISSUERS BASED ON A LACK OF CURRENT AND ACCURATE INFORMATION
The U.S. Securities and Exchange Commission announced the temporary suspension of trading in the securities of the following eleven issuers, commencing at 9:30 a.m. EDT on May 27, 2008 and terminating at 11:59 p.m. EDT on June 9, 2008:
•
e.Spire Communications, Inc. (ESPIQ)
•
Empire of Carolina, Inc. (EMPIQ)
•
Genfinity Corp. (GFIN)
•
GSI Securitization Ltd. (n/k/a GSI Securitization, Inc.) (GSII)
•
Interliant, Inc. (n/k/a I Successor Corp.) (ILNTQ)
•
Namibian Minerals Corp. (NMCOF)
•
Nix Co., Ltd. (n/k/a Global Energy Resources, Inc.) (GERI)
•
Number Nine Visual Technology Corp. (n/k/a International Precious Minerals Group, Inc.) (IPMG)
•
NVID International, Inc. (NVID)
•
Oncor, Inc. (ONCR)
•
USCI, Inc. (USCM)
The Commission temporarily suspended trading in the securities of these issuers due to a lack of current and accurate information about the companies because they have failed to file certain periodic reports with the Commission. This order was entered pursuant to Section 12(k) of the Securities Exchange Act of 1934 (Exchange Act).
The Commission cautions brokers, dealers, shareholders and prospective purchasers that they should carefully consider the foregoing information along with all other currently available information and any information subsequently issued by these companies.
Expanded Reporting of Credit Tool Increases GERI's Mortgage Businessby an Additional $2MM in First Month
Aug 23, 2007 12:28:34 (ET)
IRVINE, CA, Aug 23, 2007 (MARKET WIRE via COMTEX) -- Global Energy Resources Inc. (PINKSHEETS: GERI), a Delaware Corporation, has announced that earlier reporting of an additional $4 million in new business during the first month of adding a new credit reporting tool to its mortgage services, has generated an additional $2 million in new business to total a $6 million increase in the first month.
"In this initial month of use, the credit tool system had already demonstrated its tremendous value to provide an important service and also to enable the growth of the lending business. As a result, we have completed the first month analysis and can report that it has allowed us to achieve more growth than reported earlier for a total of $6 million in additional business which is $2 million more than reported earlier," states Curtis Collins, GERI spokesperson.
Collins continues, "This is a very encouraging, especially in this volatile marketplace and we anticipate continued growth as a result of the enhancement to our services. The greatest value we see is that it offers a method whereby customers' credit reports are analyzed and partial debt reduction can be rapidly managed to improve their credit scores."
He continues, "This demonstrates that by adding the tool to achieve the lowest mortgage rates for our customers, more options for mortgages have become available that would not exist without it and it helps the borrowers to achieve the best and fastest way to improve their credit scores."
GERI's Financial Division provides a mortgage warehouse line utilized by mortgage brokers and certain lending groups to finance their clients' mortgage lending needs. GERI offers wholesale lending services for the commercial, residential, construction and timeshare industries utilizing a warehouse line of credit. In addition, it has marketing arrangements with major banks and mortgage banks to provide high-level customer service and technologies to solve lending needs. The division provides rapid response electronic processing of paperwork associated with its lending service.
About Global Energy Resources Inc.:
Global Energy Resources Inc. is a Delaware corporation with branch offices in Irvine, Calif., New York and Verona, Italy. Global Energy is expanding its business operations specifically in the areas of distribution, finance and energy.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:
The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause the actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the company's filings with the Securities and Exchange Commission.
Contact:
Global Energy Resources Inc.
Susan Steffens
1-949-209-8702
Email: Email Contact
GERI
GERI, the little company that couldn't..............
Dark Star: Thanks for your input will look into what you mentioned further.....
GLTA
Hey neilhk-----
There are 200 million shares authorized--GERI corp holds 140 million and 60 million are in the float.
You need to call Chris Butchko/president and Elwood Sprenger/CEO and find out what the real deal is. If they got so much going for them, then why is the PPS in the crapper? Yeah, I know, they've got so much great business just wating to be announced.......I've been hearing that story for two years now.
And ask about Barry Davis (Iceman/Ice Cold Stocks).....remember him? He was supposed to be the paid tout for this company, then suddenly turned on Elwood/Butchko and bit the hand that fed him. Problem is, he still holds those 3 million shares that he was paid to represent GERI, and they're all about to become UN-restricted come April. And when they do, he'll be unloading them in a NY minute. That you can bet on.
Also, get a commitment from Butchko and Sprenger as to when this POS is going to start reporting and move off of the PINKS. Then ask them who the PR firm is that will be representing the company to get the share price moving to coincide with our purported move onto the OTC:BB.
This company talks a lot of sh*t, but never seems to go anywhere. I mean, if they had all they claim, then they should have been off the pinks last quarter and trading at at least a buck or two. The market knows something we don't. And please don't start talking about naked shorters holding the share price down.
Not a bad close considering we are not in the limelight at the moment. Waiting for the PR on mortgage revenues for February together with audited financial...move off pinks.....the company mentioned before that AF's are earmarked for this quarter, so could happen soon....still trying to find out some more info on share structure...been advised that it is around 20 million O/S and float much lower, but this is not a confirmed figure at the moment. People should factor that part in as part of the speculative risk on this play at the moment. By the way it moves, however, on low volume I do think it is a low floater....also noted that boardmarks are up to 4 now from 1:)....slowly getting some more attention on this one:)
GLTA
Nice close again at 0.03. This will fluctuate a little imo until some more PR's come, but good time to open a position while it's still (relatively) quiet:)
GLTA
Good close, not far off the 200 day MA....will get more attention in due course, still very much under the radar at the moment:)
Some more accumulation this morning:)
Developments that are expected shortly:
1. PR on Monthly Mortgage Deals for February 2007 (Recent PR's have advised us of over $20 million in loans for both December and January combined)
2. Audited financials for full company are anticipated for first Quarter 2007 followed by a move off the pinks and onto the OTCBB. News could come out this month and move off Pinks possibly in April.
In addition, to the above, I have received some info on other possible deals that GERI are pursuing. These are as yet unconfirmed, but worth keeping a look out for:
i) Purchase of a small bank in NY
ii)A large bio-diesel supply deal
GLTA
GERI: DD Summary Page
This is a work in progress, but just trying to gather as much info together on the company as possible. Hopefully the links provided can be added to the I-Box in due course. Any contributions welcome:)
A. Key Points:
• Primarily a financial services company (also Venture Capitalists investing in young start-up companies (JV’s) providing finance and management expertise)
• Recent acquisitions should produce in excess of $100 million loan financing in 2007 (Notes: It is anticipated that Saddleback Funding's loan volume will approach $80 million for the year 2006- see PR 11th December 2006/ see web-link below; Current loan value business in excess of $10 million/ month- PR 5th February 2007/ see web-link below)
• Audited Financials: GERI anticipates completion of its audited financials for the entire company by the end of the first quarter 2007 (see PR link, December 11th 2006/ weblink below).
GERI operates with either wholly owned company divisions or holds shared equity and manages select companies (see website for further details).
• Finance
• Energy
• Transportation
• Distribution
• Automotive
• Travel
• Entertainment
B. Web-links to Key Sites
Link to Company website:
http://www.gericompanies.com/
Link to Yahoo page:
http://finance.yahoo.com/q?s=GERI.PK
Link to Pink Sheets page:
http://www.pinksheets.com/quote/quote.jsp?symbol=geri
C. Share Structure
Outstanding Shares: was 3,196,448 as of 2006-03-07 according to Pink Sheets.
This is outdated information and will have almost certainly increased since then. I have emailed the company to try and find out the latest information. From observing price action and volume the OS/ Float still appears to be small.
D. Offices
Newport Beach Office
3857 Birch Street, Suite 587
Newport Beach, CA 92660
Phone: 949-916-5770
Fax: 714-242-161
Beverly Hills Office
9150 Wilshire Blvd, Suite 242
Beverly Hills, CA 90212
New York Office
475 Lexington Ave
New York, NY 10016
212-726-0596
Verona Office
Verona, Italy.
Via Cattaneo 6
37121 Verona, Italy
39-045-800-0855
E. Investor Relations
i) Investor Relations USA: Newport Beach Office (details as above)
ii) Investor Relations (International):
Peter Nesveda
Intuitive Pty Ltd 52 Dixon Street Malvern VIC 3144 Australia
T +61 3 9504 8420
F +61 3 9504 8223
(Email address to be confirmed)
F. Transfer Agent
To be confirmed.
G. Subsidiaries
Saddleback Funding Corporation (Laguna Hills, California)
Recent Acquisition: GERI's acquisition of Saddleback Funding Corporation, a Laguna Hills, California-based Mortgage Bank. It is anticipated that Saddleback Funding's loan volume will approach $80 million for the year 2006 (PR December 11th 2006/ see web-link below)
Link to subsidiary company website:
http://www.mortgageproteam.com/
H. Joint Venture Partners
Information to follow.
I. PR’s: Extracts and Web Link
Global Energy's Lending Exceeds $10 Million in Mortgages for the Second Consecutive Month
Monday February 5, 11:55 am ET
NEWPORT BEACH, CA--(MARKET WIRE)--Feb 5, 2007 -- Global Energy Resources Inc. (Other OTC:GERI.PK - News), a Delaware Corporation, announced today the lending volume for the second month of its expanded mortgage services. GERI reports, in the month of January 2007, its mortgage lending has exceeded $10 million in funded loans. The Company previously announced $10 Million in lending completed in its full first month of operations in December 2006……….…(see web- link for full details)
http://biz.yahoo.com/iw/070205/0211455.html
_______________________________________________________________________
Global Energy's Lending Exceeds $10 Million in Retail Mortgages for the Month of December 2006
Tuesday January 23, 12:30 pm ET
NEWPORT BEACH, CA--(MARKET WIRE)--Jan 23, 2007 -- Global Energy Resources Inc. (Other OTC:GERI.PK - News), a Delaware Corporation, announced today the results of the first month of expanded operations of its mortgage services through GERI's acquisition of Saddleback Funding, a California-based Mortgage Bank. GERI reports, in the month of December 2006, its retail mortgage lending has exceeded $10 million. …………(see web- link for full details)
http://biz.yahoo.com/iw/070123/0206549.html
_______________________________________________________________________
Global Energy Acquires California-Based Mortgage Bank
Monday December 11, 12:22 pm ET
NEWPORT BEACH, CA--(MARKET WIRE)--Dec 11, 2006 -- Global Energy Resources, Inc. (Other OTC:GERI.PK - News), a Delaware Corporation, announced today the expansion of mortgage services within its Financial Division as the result of the completion of GERI's acquisition of Saddleback Funding Corporation, a Laguna Hills, California-based Mortgage Bank. It is anticipated that Saddleback Funding's loan volume will approach $80 million for the year 2006. ……………(see web- link for full details)
http://biz.yahoo.com/iw/061211/0193544.html
_______________________________________________________________________
Global Energy Announces Further Expansion of Its Mortgage Warehouse Lending Agreements
Monday July 24, 2006 3:07 pm ET
NEWPORT BEACH, CA--(MARKET WIRE)--Jul 24, 2006 -- Global Energy Resources Inc. (Other OTC:GERI.PK - News), a Delaware Corporation, announced today it has expanded its mortgage services as the result of an agreement entered into between GERI's Financial Division and Team Fox Mortgage Corporation of Woodland Hills, California. Team Fox's warehouse lending capability will add over $1 million a day to GERI's mortgage lending services. ……………(see web- link for full details)
http://biz.yahoo.com/iw/060724/0147000.html
_______________________________________________________________________
Global Energy Announces Participation With New Lead Company
Tuesday June 20, 2006 1:32 pm ET
IRVINE, CA--(MARKET WIRE)--Jun 20, 2006 -- Global Energy Resources Inc. (Other OTC:GERI.PK - News), a Delaware Corporation, announced today that it is using an intellectual property that gives them direct access to a customer base that is in need of mortgages.
"This has increased the business opportunity for the retail mortgage division dramatically. We are currently achieving one million dollars a day in new retail mortgage business, which means an additional profitability of approximately one hundred thousand dollars per month," states Chris Butchko. ……………(see web- link for full details)
http://biz.yahoo.com/iw/060620/0137544.html
_______________________________________________________________________
Global Energy Announces May Results for Retail Loan Division
Thursday June 1, 2006 10:00 am ET
IRVINE, CA--(MARKET WIRE)--Jun 1, 2006 -- Global Energy Resources Inc. (Other OTC:GERI.PK - News), a Delaware Corporation, announced today a profit of $46,000 in its retail loan division for the month ending May 31, 2006. GERI's president, Chris Butchko, states, "We are looking forward to continued growth in our retail loan division."
……………(see web- link for full details)
http://biz.yahoo.com/iw/060601/0132494.html
_______________________________________________________________________
Global Energy Announces Mortgage Lending in 50 States
Thursday April 27, 2006 11:07 am ET
IRVINE, CA--(MARKET WIRE)--Apr 27, 2006 -- Global Energy Resources Inc. (Other OTC:GERI.PK - News), a Delaware Corporation, announced today that it has completed the steps necessary to provide mortgage lending in all fifty U.S. States. The Company recently announced it had also added retail lending to its Financial Division's mortgage services operation.……………(see web- link for full details)
http://biz.yahoo.com/iw/060427/0125577.html
_______________________________________________________________________
Global Energy Announces Addition of Retail Lending to Its Mortgage Network
Wednesday April 19, 2006 9:00 am ET
IRVINE, CA--(MARKET WIRE)--Apr 19, 2006 -- Global Energy Resources Inc. (Other OTC:GERI.PK - News), a Delaware Corporation, announced today that it has added retail lending to its Financial Division's mortgage services operation. According to GERI's president Chris Butchko, GERI's first retail mortgage office has opened in Irvine, California. Butchko states, "We believe we will be able to offer superior service to our retail customers based on the experience and expertise of our professional staff." .……………(see web- link for full details)
http://biz.yahoo.com/iw/060419/0123682.html
Hi all:) In today on this one, hearing some very good things about this company, upcoming deals and audited financials soon....seems to be a sleeper at the moment:)
GLTA
Global Energy's Lending Exceeds $10 Million in Mortgages for theSecond Consecutive Month
Feb 5, 2007 11:55:55 (ET)
NEWPORT BEACH, CA, Feb 05, 2007 (MARKET WIRE via COMTEX) -- Global Energy Resources Inc. (PINKSHEETS: GERI), a Delaware Corporation, announced today the lending volume for the second month of its expanded mortgage services. GERI reports, in the month of January 2007, its mortgage lending has exceeded $10 million in funded loans. The Company previously announced $10 Million in lending completed in its full first month of operations in December 2006.
"We continue to be very pleased that the Saddleback acquisition has allowed GERI to expand its lending platform and contribute to the overall loan volume. The December/January lending volume exceeded our initial forecasts and we anticipate with other activities underway, we will continue to grow that sector of our Financial Division," stated Chris Butchko, GERI's president.
GERI's Financial Division offers a mortgage warehouse line utilized by mortgage brokers and certain lending groups to finance their clients' mortgage lending needs. GERI's Finance division also provides wholesale lending services for the commercial, residential, construction and timeshare industries utilizing a warehouse line of credit. In addition, the finance division has marketing arrangements with major banks and mortgage banks to provide high-level customer service and technologies to solve lending needs. The division has recently begun to provide rapid response electronic processing of paperwork associated with its lending service.
About Global Energy Resources Inc.:
Global Energy Resources Inc. is a Delaware corporation with branch offices in Irvine, Calif., New York and Verona, Italy. Global Energy is expanding its business operations specifically in the areas of distribution, finance and energy.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:
The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause the actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the company's filings with the Securities and Exchange Commission.
Contact:
Global Energy Resources Inc.
Susan Steffens
1-949-209-8702
Contact via
http://www.marketwire.com/mw/emailprcntct?id=07569C3DB5E433AD
www.GeriCompanies.com
Saddleback Funding
Tim Jurkowski
1-949-540-0900
www.MortgageProTeam.com
ok im gonna throw a little coin in this a.m.
maybe a run...what do you see??
Global Energy's Lending Exceeds $10 Million in Retail Mortgages forthe Month of December 2006
Jan 23, 2007 12:31:06 (ET)
NEWPORT BEACH, CA, Jan 23, 2007 (MARKET WIRE via COMTEX) -- Global Energy Resources Inc. (PINKSHEETS: GERI), a Delaware Corporation, announced today the results of the first month of expanded operations of its mortgage services through GERI's acquisition of Saddleback Funding, a California-based Mortgage Bank. GERI reports, in the month of December 2006, its retail mortgage lending has exceeded $10 million.
"The Saddleback acquisition has positioned GERI to expand its lending platform and brings desirable additional resources and management to the operation. Our capacity for funding has increased to accommodate new business and this is contributing to the growth of overall loan volume. We anticipate that with the completion of our audited financials, further expansion can occur," stated Chris Butchko, GERI's president.
GERI's Financial Division offers a mortgage warehouse line utilized by mortgage brokers and certain lending groups to finance their clients' mortgage lending needs. GERI's finance division also provides wholesale lending services for the commercial, residential, construction and timeshare industries utilizing a warehouse line of credit. In addition, the finance division has marketing arrangements with major banks and mortgage banks to provide high-level customer service and technologies to solve lending needs. The division has recently begun to provide rapid response electronic processing of paperwork associated with its lending service.
About Global Energy Resources Inc.:
Global Energy Resources Inc. is a Delaware corporation with branch offices in Irvine, Calif., New York and Verona, Italy. Global Energy is expanding its business operations specifically in the areas of distribution, finance and energy.
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995:
The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause the actual results to differ materially from those expressed in the forward-looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the company's filings with the Securities and Exchange Commission.
Contact:
Global Energy Resources Inc.
Susan Steffens
1-949-209-8702
Contact via
http://www.marketwire.com/mw/emailprcntct?id=B6AA7ADF2CCA3239
www.GeriCompanies.com
Saddleback Funding
Tim Jurkowski
1-949-540-0900
www.MortgageProTeam.com
I see that GERI is on the SHO list:
http://www.nasdaqtrader.com/aspx/regsho.aspx
obi
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