$GEGI Genesis Electronics Group Keeps Ascending Exponentially
Link:
https://insiderfinancial.com/genesis-electronics-group-otcmkts-gegi-keeps-ascending-exponentially/183482/
ByJim BloomWritten Post on September 05 2022
Despite the general bearishness, investors can still find good opportunities in OTC markets, and Genesis Electronics Group, Inc (OTCMKTS: GEGI) is one of the best examples. The OTC stock, which goes with the Pink Limited Information designation, keeps ascending at an exponential pace. The last time we discussed GEGI only two weeks ago, it was trading near $0.0085, the highest level in over five years. Today, you can buy it for $0.016 per share, up 60% during the last five trading sessions and up over 430% over the month. This is already the highest in over a decade.
With a market cap that has already broken above the $30 million mark, why is GEGI confidently reaching new highs?
GEGI RESTRUCTURES DEBT, ADOPTS NEW BUSINESS DIRECTION
GEGI has already provided decent returns for many of our subscribers and readers since the beginning of August, which is when we discovered this OTC stock. However, this might be the start of something much bigger, as the company is only making the first steps with its new business direction.
In the past, GEGI used to develop solar and alternative energy applications for consumer devices, such as smartphones. It focused on developing the SunBlazer, a solar-powered charger designed specifically for Apple devices.
It also owned mining rights to 13 gold mining claims in the Osceola Mining District located in Nevada.
During the last few years, GEGI’s main business was GMSacha Animals, a pet food line.
Eventually, GEGI dumped all its previous operations and updated its business and image from scratch. About three months ago, the company announced a new business plan that revolves around upcoming acquisitions or license agreements with autonomous technology companies.
GEGI is looking to identify companies and/or technologies in transportation, security, flight, and artificial intelligence (AI) where autonomous technologies will be an explosive accelerator to new business growth.
Previously, GEGI had stagnated for years mainly because of a debtor dispute, preventing it from issuing shares. Thankfully for the company, it managed to get a court decision back in April. It announced at the time that, together with a private investor, it had negotiated with a former debtor to settle their dispute, although the terms haven’t been disclosed. GEGI’s former CEO Katharina Nanny Bahnsen said back then:
“We are so pleased that we were able to bring on new partners who were able to help the Company successfully negotiate this debt so that the Seventh Judicial Circuit Courts of St. Johns, Florida would dissolve the Orders that prohibited us from issuing new shares, which has been holding us back for years.”
Bahnsen resigned from her CEO, Chairwoman, and CFO positions, with Braden Jones being appointed as the new CEO and CFO. Jones has more than 15 years of experience in logistics and transportation, recently owning and operating a trucking and transportation company.
Following the debt restructuring and new CEO appointment, GEGI obtained the Pink Current status.
During the announcement of the new business plan at the end of May, Braden Jones revealed more details about the new business direction, which focuses on autonomous solutions. He said:
“Autonomous technology has rapidly advanced over the past 10 years and there are so many industries that can be disrupted if these technologies were applied to them. We are assembling a highly-qualifed team of advisors and partners that are making introductions to companies that could be good candidates for acquisition or licensing agreements. Their expertise and guidance has been extremely valuable thus far. We look forward to formalizing our relationships with these invidivuals and the Company and making these announcements in the near future, so their value can be felt by our shareholders.”
At the end of June, GEGI signed an agreement to add Kevin Damoa as a strategic advisor to the Board. Damoa is an experienced Operations Professional and military veteran with a demonstrated history of working in the Aviation & Aerospace, Electrification, E-Mobility, and Defense industries. It also added Kasey Evans as a strategic advisor to the Board at the end of August.
Meanwhile, the company launched a new interim website to provide more information to its shareholders.
AUTONOMOUS VEHICLES ARE STILL UNEXPLORED MARKET
GEGI is focusing on autonomous solutions, which will likely grow with the autonomous cars market. The company doesn’t plan to build autonomous cars and trucks but focuses on autonomous solutions that can solve logistics and transportation problems. Nevertheless, its success depends very much on the performance of the autonomous cars market, which is expected to grow to $11+ billion by 2029 at a CAGR of 31.3%, as per Fortune Business Insights.
The emerging market will likely see exponential growth after jurisdictions representing large markets create the legal frameworks for these new technologies.
Back in March, US Transportation Secretary Pete Buttigieg said that federal policy on autonomous vehicles would undergo “meaningful” developments in the coming years. He stated that regulation had to set boundaries for self-driving without stagnating innovation in an industry still in its infancy.
“I think we’re going to see very meaningful developments here in the 2020s,” he added.
US regulators have already eliminated the need for car manufacturers to equip fully autonomous vehicles with driving controls, including brake pedals and steering wheels.
Elsewhere, the UK said it had been looking for a widespread rollout of self-driving vehicles on roads by 2025, revealing plans for new laws and 100 million pounds ($120 million) of funding. Transport Secretary Grant Shapps said:
“We want the UK to be at the forefront of developing and using this fantastic technology, and that is why we are investing millions in vital research into safety and setting the legislation to ensure we gain the full benefits that this technology promises.”
Meanwhile, China is working to adopt autonomous vehicles in passenger transport. The Ministry of Transportation said last month that the country had drafted rules to regulate the self-driving industry, with the ministry encouraging the use of autonomous transports, such as taxis, in easily controlled scenarios in low-traffic situations.
The autonomous vehicles industry is about to explode in the coming years, and large car manufacturers are competing for market share. Ford, Hyundai, Tesla, Volvo, and Baidu are only a few well-established companies exploring this emerging industry. Startups like Waymo, Cruise, Aurora, and Pony.ai are leaders of this new trend. Last year, Ford created an entire unit for driverless cars and new technology.
GEGI TAPS INTO NEW MARKET WITH HUGE POTENTIAL
One of the main reasons why GEGI is gaining traction is that more and more investors realize the potential of the autonomous vehicles market, which could drive the rapid growth of GEGI, especially given that it has a beautiful share structure.
The number of authorized shares was increased from 2.2 billion to only 5 billion, with about 2 billion shares waiting for the new merger/licensing candidate.
The fact that the new CEO hasn’t exaggerated the increase in the number of authorized shares shows that he is serious about the company and takes into account the interest of shareholders.
GEGI seems to be a great stock pick with long-term potential, as it taps into a market with huge potential.
https://www.genesis-electronics.com/
GEGI has already demonstrated incredible growth but hasn’t even revealed any merger candidate. If this important piece of news comes out by the end of the month, the rally will likely continue at a similar pace.
$GEGI why I'm holding GEGI?
– First, Genesis announced they were increasing the AS to accommodate the merger.
– Then…they did it.
– Now comes the merger.
In the near future, the logistics and transportation industries will greatly benefit from implementing autonomous solutions. If GEGI manages to secure a comfortable place in this emerging space, then the sky is the limit for this OTC stock.
GEGI may become one of those success stories that start with Pink Current and end up on NASDAQ or NYSE. This is an “all or nothing” stock to which investors should pay close attention, as we’re speaking about an emerging market with enormous possibilities.
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