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GNZR: inactive security. FINRA deleted symbol:
https://otce.finra.org/otce/dailyList?viewType=Deletions
GNZR SEC Suspension because of questions regarding the adequacy and accuracy of information about the company.
https://www.sec.gov/litigation/suspensions/2020/34-88381.pdf
Order:
https://www.sec.gov/litigation/suspensions/2020/34-88381-o.pdf
The most important part of the favorable litigation result:
"The suit also sought to enjoin Generation Zero from selling Find.com."
They had serious trouble getting funding with the unfavorable legal judgement pending. Now that the judgement has been reversed I think they'll have an easier time getting funded.
We'll see :)
Mmm Im not sure Im ever happy with a deregister like this. No matter what they claim they might do. Ive seen so many do nothing after a 1512g and just go dark. Will see though. Maybe they will stay legit...
GNZR .06 x .07 Form 15 filer. Litigation favorably settled. Interesting in that the CEO has been paying himself with shares he now won't be able to sell on the open market. Updates to find.com. I still say that this company will be bought by a bigger internet outfit to get the find.com URL. Might be easier to do as a non-reporting company.
"Generation Zero Group, Inc. (the “Company”, “we” and “us”), intends to file a Form 15 with respect to the deregistration of the Company’s common stock under Section 12(g) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) and the suspension of the Company’s reporting obligations under Sections 13 and 15(d) of the Exchange Act, on or before the extended filing deadline for its Annual Report on Form 10-K for the year ended December 31, 2015, of April 14, 2016, due to lack of funds available to pay for costs associated with the Company’s annual audit and reporting requirements. This funding shortage results from the capital required to finance the lawsuit described below and the accompanying impact on fundraising efforts. Filing of Form 15 will relieve the Company of reporting obligations until such time as it can raise funds necessary to resume the costs associated with running a public company and executing its business plan, at which time it anticipates filing another registration statement with the SEC.
Status on ongoing legal matters. The Company has reached an enforceable settlement agreement on the lawsuits which have been reported in its filings since 2013. This settlement agreement has material impacts on the Company’s balance sheet and financial position, as it removes financial obligations associated with the Geronimo Note (as defined in its prior filings) and gives the Company claim to certain related collateralized assets, the value and collectability of which are still to be determined. It also returns to the Company the 250,000 shares of common stock that company records show were issued concurrent with the Geronimo Note.
Update on Find.com. The Company has completed development of Find.com’s MultiSearch as outlined in its Business Plan and is in the process of upgrading to scalable servers. The Company expects to publicly launch MultiSearch on the main Find.com website within the next few weeks. The Company is also in the early stages of raising funding to complete development of, and implement its marketing plan for, additional phases of its Business Plan."
My emphasis
http://archive.fast-edgar.com//20160414/A32ZB62CD2223ZZ2222Q2ZDF9GDEZ2227M82/
GNZR - Resolution of pending litigation. hmmm
"The registrant has experienced delays in completing its financial statements for the year ended December 31, 2015, as it is trying to resolve significant subsequent events related to the resolution of pending litigation in 2016. Inclusion of the related subsequent events is required to provide full disclosure and contributes to the fair representation of the registrant’s financial statements as of December 31, 2015"
So who's going to buy find.com? :) GNZR currently .045 x .07
From the 8k
"Online Shopping has become much more social. Examples: Wal-Mart acquired Luvocracy, Yahoo acquired Polyvore, Pinterest has entered the shopping space, Amazon has carved out part of its site for social shopping, Facebook purchased TheFind."
Market cap $3.6 million. Worth more than that, imo
Conference call 11/19
http://www.generationzerogroup.com/
Nibbled a little GNZR today
Don't know. Odd trading, unusual sizes for the trades. Last time I emailed the CEO, about 2 months ago he was optimistic. Not worried. Been very busy lately. Best wishes.
Who do you think dumped out and why?
.40 works from here. 1.00 too :)
Haha. I think we got that .40 range down for sure. But I will wear those rose tinted glasses with you for a little while seeking that 1.00
I agree about the site. But my opinion (through deeply rose tinted glasses) is they've been biding time for the last 2 years trying to make a few bucks until the lawsuit was settled one way or the other. Now that they are free good things could happen. Also a good sign that their chief information officer has left to "pursue other interests." He's not needed if they're planning to sell.
My rose colored glasses are deeply tinted, aren't they? :)
Cheap shares for insiders pretty common "down here." Doesn't bother me. Settling the lawsuit a huge development. I expect news or maybe another conference call here. Debtholders have been very patient here but if this pans out there will be lots of money to go around. Worth a small play on the possibility that they sell it to Google. imo :)
I think they are being a little generous with the 50 mil. Sex.com went for 13 mil and that was highest ever I believe.
Plus they really need to make the site look good. Find.com looks God awful. I could make a better site. It looks like the million other bootleg junk ebay wanna be sites.
That was back in 2010 when they put that in the 8K. It was trading at a buck then but since has gone down a whole lot.
They surely are giving themselves cheap cheap shares though recently.
On March 31, 2015, the Company issued 1,097,500 shares of restricted common stock as compensation to current management as follows: 467,500 shares to Brian Waldo, pursuant to the terms of his consulting agreement valued at $2,337.50 and 630,000 shares to Christine B. Cheney, pursuant to the terms of her consulting agreement, valued at $3,150.
On April 8. 2015 the Company terminated its agreement with reddbug. The Company is exploring opportunities with multiple individuals and potential partners to provide these services and will disclose more detailed information as it becomes available.
On April 10, 2015 the Company issued 900,000 shares to Richard M. Morrell, pursuant to the terms of his consulting agreement, valued at $4,500.
they go from 1.00 a share to .005
I hope it is worth $1.00 a share but we have to wait.
GNZR - This is what they think find.com is worth. "URL Holdings" owns find.com and is their 100% owned subsidiary
"Pursuant to the Asset Purchase Agreement, we agreed that if we sell a 40% interest in URL Holdings for an amount in excess of $50,000,000 (plus capital expenditures) within eighteen months of the closing of the Asset Purchase Agreement, we would issue Scientigo additional shares of our common stock equal in value to $1,000,000, based on the greater of the then current market value of our common stock or $1.00 per share."
10k out. A couple of important tidbits. The money they'd set aside to satisfy the judgement against them is now free:
"On December 13, 2013, Geronimo was awarded a judgment specifically against the Company in the amount of $386,950 with an interest rate of 24%"
"Effective February 18, 2015, the Trial Court granted the Company’s Motion to Set Aside the Judgment. Geronimo did not appeal of the Motion to Set Aside the Judgment and the Company no longer recognizes this contingent obligation. (See Note 5 above.)"
(my emphasis)
And the largest, most important tidbit, big tidbit, really big :)
"The suit also sought to enjoin Generation Zero from selling Find.com."
So now they're free to sell find.com. If they choose to do so. Find.com worth substantially more than their current market cap $3.75 million, imo
59% insider owned
Another 24% beneficially held
About 50 million shares outstanding
In a perfect world Google would buy this company and integrate "find.com" into Google shopping. Then you could go to "find.com," enter whatever it is you want to buy, and filter the results by price, distance, etc. World is not perfect though :)
NT 10k filed today. Advancements in their legal battle. There's the possibility that the developments stated in the NT 10k will be positive and remove some serious uncertainties here. Of course it could go the other way too. But soon we'll know. From today's filing:
"The registrant has experienced delays in completing its financial statements for the year ended December 31, 2014, as it is trying to resolve significant subsequent events related to the resolution of pending litigation as of December 31, 2014. Inclusion of the related subsequent events is required to provide full disclosure and contributes to the fair representation of the registrant’s financial statements as of December 31, 2014. As a result, the registrant is delayed in filing its Form 10-K for the year ended December 31, 2014."
(Bold is my emphasis)
From a previous filing:
"This information is provided as an update to the Form 8-K filed by Generation Zero Group, Inc. (the “Company”, “we” and “us”) on December 20, 2013.
As previously disclosed by the Company, effective on December 13, 2013, the Superior Court of Fulton County, Georgia (the “Trial Court”)(File No. 2013CV227180) approved Geronimo Property Trust’s (“Geronimo”) Motion for Summary Judgment and ordered the Company to pay Geronimo $386,950 plus post-judgment interest at the rate of $167 per day.
As previously disclosed by the Company, our shareholders and Note Holders encouraged management to appeal this judgment. On January 10, 2014 we filed an appeal of the judgment with the Court of Appeals of the State of Georgia (the “Appeals Court”).
On September 26, 2014 the Appeals Court remanded the case to the Trial Court for review and subsequent determination.
Effective February 18, 2015, the Trial Court granted the Company’s Motion to Set Aside the Judgment."
GNZR - Nice 8k today. From it:
"This information is provided as an update to the Form 8-K filed by Generation Zero Group, Inc. (the “Company”, “we” and “us”) on December 20, 2013.
As previously disclosed by the Company, effective on December 13, 2013, the Superior Court of Fulton County, Georgia (the “Trial Court”)(File No. 2013CV227180) approved Geronimo Property Trust’s (“Geronimo”) Motion for Summary Judgment and ordered the Company to pay Geronimo $386,950 plus post-judgment interest at the rate of $167 per day.
As previously disclosed by the Company, our shareholders and Note Holders encouraged management to appeal this judgment. On January 10, 2014 we filed an appeal of the judgment with the Court of Appeals of the State of Georgia (the “Appeals Court”).
On September 26, 2014 the Appeals Court remanded the case to the Trial Court for review and subsequent determination.
Effective February 18, 2015, the Trial Court granted the Company’s Motion to Set Aside the Judgment."
New marketing agreement here. Looks like a small company but they have some big name clients
http://reddbug.com/clients.html
I still say the url "find.com" is worth a lot more than what it's valued at with the current share price. Here's hoping the new team can get them more in the public eye
Another interesting filing here today
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10216128
That's the same feeling I got when I read the original post. They also did a professional job on the web site home page. Maybe that was suppose to be part of the announcement to come and someone put it out to soon. Makes me believe that the site is be monitored by someone with access to the company that has the authority to pull there website home page and change it while having the authority to remove posts. If it's one of the monitors one of them has to be on the inside if it's ihub they must have some connection to the company
I saw that. And also ur message. I apologize for not responding I don't have the private message option... there is obviously something suspicious going on, and I get the funny feeling that we will benefit from it
Just got deleted again
Did you see the original post I was talking about ? It does seem strange the we now have an ihub person now monitoring the site. I just reposted let's see what happens
Ur last post on vp** got deleted I wonder why...? Perhaps insiders on ihub?
GNZR - Very interesting filing today. Ridiculous spread .0436 x .90 (lol), worth a shot if you can get some at the bid, imo. Lots of positives including:
· Over 7 million visitors to Find.com® in the first quarter of 2014;
· Over 50 unique articles created exclusively for Find.com®;
· Over 3,400 likes on Facebook;
· Over 5,000 pins and 600 followers on Pinterest;
· Over 1.7 Million views and more than 2,600 members in our Google Plus communities; and
· April 2014 marked the first month in which Find.com®’s revenues exceeded its expenses.
Debt is in default, debtholders willing to wait (a positive development, imo). Examples:
"All past defaults under the Note shall be waived by Trust, but the amount of principal and accrued interest up through January 13, 2014 shall not be forgiven."
"The parties agree as follows:
1. Existence of Default under GZ Notes. Generation Zero acknowledges and agrees that, but for this Agreement, (i) the GZ Notes are in default and that an Event of Default under the GZ Notes has occurred, (ii) the full unpaid principal of the GZ Notes is due and payable, and (iii) the 60 day period referenced in Section 6.11 of the operating agreement of URL Holding has passed, entitling the Directors of URL Holding to cancel Generation Zero’s shares in URL Holding, issue shares to Collateral Agent and participate in a consensual foreclosure.
2. Confirmation of Outstanding Amount. The parties agree that, as of January 1, 2014, $2,920,250 of principal is owed on the GZ Notes and zero interest has accrued or is owed on the GZ Notes (interest was suspended and accrued interest cancelled in the First Addendum). The GZ Notes are accordingly amended.
3. Agreement to Forbear. The Collateral Agent will forbear in the exercise of its rights and remedies under the GZ Notes, Security Agreements, the operating agreement of URL Holding and applicable law during the Forbearance Period (as described below), unless a Forbearance Default occurs during such period"
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=10029159
GNZR Finally Positioned To Succeed
It's been a long haul for this company to get its act together but a lot has happened this last year:
- Over the last year the company has caught up all of its SEC filings
- In July/August a new CEO was hired from Time Warner (Richard Morrell). Mr. Morrell's compensation from the filings is stock, so he will be motivated to move the company forward.
- From SEC filings, It appears there was a change in control in December, and Mr. Morrell now owns all of the voting shares which gives him complete control of the company. Additionally, Mr. Morrell has invested $125,000 in the company personally and in a letter to shareholders in December he reiterated his commitment to building a successful company.
- The company launched a new website recently at Find.com (shopping comparison site).
It will be interesting to see what happens from here forward, but the company finally appears to be in a position to be successful. Find.com is an excellent domain name (the current focus of the company from their website at www.generationzerogroup.com). With the right strategic plan, they should do well.
What is up with FIND.COM and PHYSICANSJOBS.COM? I can not find them on the internet anymore. Looks like something is up and it don't look gd. Anyone have any info?
.05,what a fire sale ?
What is going on, no info, no 10 K, it looks like its time to dump this s**t and move on. Its a shame that this is the way they treat stock holders, so sad. I sure hope the people advertising with FIND.com get treated better than we do.
They're way past the extension...
Since GNZR filed for an extension for their 10 k filing how long do they get. Does it have to be filed this year?
YOU WOULD THINK SOME OF THE DOMAIN NAMES MCGI HAS WOULD BE WORTH A SMALL FORTUNE TO THE RIGHT PARTY.
Looks like it would be Good...
Nurses Lounge:
http://www.nurseslounge.com/lounge/frontpage/index4.html
I'm thinking NL would fit well with physicianswork.com hm..
How does 500 shares drop the price 85% ?. Whats up with this company? No news, No info, No 10K, are they trying to get us to sell or what!!!
THERE IS RUMOR,THAT MCGI IS TALKING TO A BIG SOCIAL NETWORK, THAT IS OFFERING BIG BUCKS FOR THE NURSES LOUNGE,AND HAVE YOU HEARD ANYTHING? THE DEAL COULD RUN IN MILLIONS,FOR GNZR ALSO.
INVESTORS ARE LOOKING FOR HOT WEBSITES,IMO THE NURSES LOUNGE,AND GNZR ARE HIGH ON THE LIST.THIS COULD BRING,IMO MILLIONS TO THESE COMPANIES SOON.
I hope so...if there's not, let's start it now. Maybe it will be the seed the company needs to get some news out there.
Is there a rumor of huge news ,or merger on the way?
In my opnion only, is that of course you see the offer at .90 and the bid at .10, which someone bought in the other day at .90, and immediately after there was a sell at .10. It could either be one of two things, 1. the is a short position on here which cant afford to let this trade up at the .90 range rt now, or they will have to cover within a couple of days, 2. someone whos held onto it for a long time now wanted to release 500.00(2000k) worth of stock at .10, Now I can say that Ive watched this company almost from inception and no one(except the company)could own at these prices within the market place. To my understanding that this company has been making strides within there company and in time I think this company will be huge, but i guess it completely up to the company to continue with there business plan. Only time will tell.
Not that I see...
Has there been any word or indications on the 10k filing?
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Find.com is an easy-to-use search engine that allows people to find relevant search results thro ugh a clutter-free, user-friendly Web interface. The cornerstones of the Find.com growth strategy begin with its highly memorable, easy-to-understand name: "Find.com". This simple name clearly tells consumers and all Internet users that Find.com enables users to find exactly what they are looking for in the ever-growing huge pool of information available on the Internet.
According to the Forrester Research, 80% of all Internet sessions begin with a search engine. In the large arena of "search", many engines carry limitations such as returning results in a disorganized format. The Find.com search engine's strategy aims to provide high quality, easy-to-use results geared toward consumers rather than researchers. Any Internet user can use Find.com; however our search results will cater to an active consumer looking to make a purchase or prepare for a purchase of some kind. Due to the increasing number of web addresses created each day, URL's (web addresses) are getting longer and harder to remember. This makes branding and marketing inherently more expensive and time consuming. Find.com does not have this obstacle - the name "find" is clear in what it means and what it does. "Find" is easy to remember and intuitively used every day. The focus on domain names is a critical element to Internet marketing today and shows parallels between URL's, web addresses and traditional commercial real estate principles.
Search engines continue to be a growth area on the Internet and among Internet users. Find.com intends to exploit opportunities in the Internet search market by:
Search engines continue to be a growth area on the Internet and among Internet users. Find.com intends to exploit opportunities in the Internet search market by:
Introduction
On April 20, 2010, an explosion and fire erupted on an offshore drilling rig in the Gulf of Mexico called the Deepwater Horizon, which had just completed an exploratory well 52 miles from shore in 4,992 feet of water. Eleven members of the crew are missing and presumed dead. The remainder of the crew abandoned the rig and was rescued by a nearby supply vessel, the Damon Bankston. The fire destroyed the rig, which sank on April 22, 2010. The resulting oil spill has been declared "a spill of national significance" and could become one of the oil industry’s gravest disasters.
Crude oil continues to flow from a broken pipe on the seafloor, has spread across thousands of square miles, and is damaging local economies, sensitive coastlines and wildlife throughout the Gulf region. Beach.org is not maintained by BP, the US government, or any other partial party and is a source you can trust for objective information.
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Mr. Krieg began his career as a Strategic Finance Manager for Eastern Airlines in Miami, Florida. He honed his skills in finance and the tourism industry in that capacity from 1999 - 2002. Seizing the opportunity to take on greater responsibility, he moved to Las Vegas, Nevada, to serve as a Senior Financial Analyst to Leisure Industries. In July 2003, Krieg began his role as the President of nPorta, Inc., in Atlanta, Georgia, a company which provides software development and consulting to the travel industry. Since November 2008, Mr. Krieg has been self-employed as a consultant in the online travel and e-commerce industry. He brings significant leadership experience and extensive knowledge of the finance, travel and e-commerce industries.
Mr. Krieg obtained his Bachelor's degree from the University of Miami in Management in 1993 and his Masters degree from the University of Miami in Finance in 1999.
Mr. Goldstein is an investor/entrepreneur who has founded and developed many successful businesses. Mr. Goldstein began his professional career as an entrepreneur in 1987, when he acquired a locksmith and security store with one location in Norfolk, Virginia. He grew his business to four locations with more than 20 mobile units. In 1992, Mr. Goldstein sold the firm to the largest security company in Virginia. In the same year, he founded Nationwide Medical Services, Inc., a physician staffing company. Under his leadership, Nationwide Medical grew at a rate of over 200 percent per year for its first six years, achieving $18 million in sales by 1998. Mr. Goldstein successfully negotiated and managed Nationwide through a series of transactions, including a 1998 merger with Jackson & Coker, after which the surviving entity became JC Nationwide. With Mr. Goldstein as Chairman and CEO, JC Nationwide grew to approximately $70 million in revenue. In January 2005, JC Nationwide was acquired by World Health Alternatives, a publicly traded health care staffing company. In August 2003, Will Goldstein partnered with Marc Bercoon, a colleague in various ventures since 2001. Goldstein, Bercoon and another partner purchased LA Digital Post, Inc., a company that rents post-production editing equipment to large television and film production houses in the entertainment industry. He is currently Chairman of LA Digital. Mr. Goldstein earned his Bachelor's degree in Business Administration from Old Dominion University.
L2 quote: http://www.otcmarkets.com/pink/quote/quote.jsp?symbol=gnzr
Complete SEC Filings: http://www.sec.gov/cgi-bin/browse-edgar?CIK=0001390072&action=getcompany
A/S | 100,000,000 | |
O/S | 26,214,785 | (according to 10K from 09/17/2010) |
Float | 1,226,205 | (from GNZR website on June 15th 2010) |
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