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Gegr website still down-hopefully being revamped reflecting new emphasis on green energy and technology aspects of company as reported in sec filed quarterly repors this year. Contracts to be renegotiated by Q3 2023 with new emphasis on green energy consortium and technology aspects of company..At least acquisition website metro vr website still up. https://www.newsfilecorp.com/release/132307/Gaensel-Energy-Group-Inc.-GEGR-Announces-Metro-VR-Studios-Is-Announcing-CrossPlatform-VR-and-PC-Gaming-Release-Timeline. https://metrovrstudios.com/
Remember this. https://finance.yahoo.com/news/gaensel-energy-group-inc-gegr-134500660.html. Dug up some information on company. https://www.northdata.com/PROTONSTAR+Sagl,+Lugano/CHE-161.031.390. https://www.northdata.com/PROTONSTAR+Sagl,+Lugano/CHE-161.031.390
A couple of millions hitting the ask would probably be good for a nice pop!
But for this to happen the Gaensel boys need to proof that they are for real and not just after investors money!!!
The inactive and careless Gaensel management is driving this from one low to the other!!!
THE SCAM ALERT GETS BIGGER BY THE DAY!!!
We have arrived in the last month of the 3rd quarter and AGAIN we have to wait for them to tell us what is going on!
Still we face the possibility that we have invested in a total scam!!!
The Issuer, by and through its management, are instituting plans by the 3rd Quarter 2023 to renegotiate its current investments to focus on its green energy, Consorzio Green Solution & GNL, LNG and related projects and our 0technology investments
As far as I know OTC changed some procedures which caused many companies to loose their current status. But the changes were minor and most companies are up to date again.
I can't figure out why yield sign is up. They already filed quarterly report in August
Yield sign is up since Wednesday, as it happened to many companies? However most are current again already now let's see how long the GEGR snails need to achieve that as well!
Website down more than 2 weeks now!!!
Ignorance and incompetence of GEGR management is driving this into new all times lows!!!
VERY SAD AND EMBARRASSING!!!
Website down more than a week now...... not very professional!!!
But it confirms the idea that they have problems handling stuff properly!
Looking on those poor quality fins I wonder if the new website gets any better!
But probably we have to accept the fact that they work very sloppy on everything!
Regarding those copied numbers in the filing, 3 people have certified that the information provided is correct!!!
Now, if apparently those numbers very likely aren't correct you have to wonder about the correctness and quality of the whole document!!!
Haven't they stated in the notification of late filing that the reason for the delay was reviewing of the document???
QUESTIONS OVER QUESTIONS!!!
I still dwell over the fact that they claim to have made $7.2 millions in net profit last quarter and that amount of money is not visible at all in the balance sheet!!!
We should see it either in increased assets or reduced liabilities or as investment!!!
So where did the money go to???
Adding up the numbers from 2021 until now we roughly talk about 50 million bucks missing in action!!!
I think this is the main reason why the stock isn't moving! What's the use of a nice net profit when the money misteriously disappeares!!!
But look at the chart!
Starting middle of 2021, when they put out PR after PR and already made millions of net profit quarter after quarter the stock collapsed from a high of $1.40 to where we are now. And those $1.40 were not some exaggeration but a fair value!
So communication at that time was no issue but the market just said NO!!!
And that's the situation still today and we have no clue what's the reason!
Today AGAIN not a single share traded!!!
Up until they stopped ocommunicating 9 months ago this stock looked like a future star with with a small audience. No dilution. Significant net profits. No convertible debt. . Most perplexing otc stock I've ever invested in. Now .ore perplexing due to lack of communication.
Yea I can't find one.
Isn't it amazing how the market ignores and avoids the theoretically best stock of the OTC!!! LOL
I challenge everybody to show me another company who CLAIMs to make 7 millions net in a quarter, has no convertible notes and trades on a quarterly PER of 0,31!!!!
I would almost bet the farm there isn't one!!!
SO WHAT'S WRONG!!!
Yes it does!
What kind of bookkeeping is this when you don't have to add up payments and receipts, don't have to wade through all the paperwork and just conveniently copy the numbers from last time!
But there is an accountant testifying that everything is OK so it should be OK! Lol
Yea have to admit it looks suspicious . No one has the exact same expenses in this many areas. Ultimately all this adds up to me staying on the sidelines for now regarding GEGR. Everything may turn out fine but a publicly traded company. cannot go this long with communication
A question for bookkeeping specialists
Going through their balance sheet I have a lot of questions. However what I find very strange is that they just have copied over a lot of numbers from the last quarter! Check out the expenses for example. All but the yellow ones are just copied and there are some serious amounts
So obviously the numbers shown are not based on reality!
Is this legal and legit in the US?
Yep, they should have a lot of explaining to do and clearly neglect to report material events!
By the way, we should not be concerned about the loss of 10 mills in cash only but the loss in total assets which is about 50 millions for the last 2 1/ 2 years !!!
Take the recent quarter for example. Where did the 7 mills net profit go??? Assuming there are no criminal activities involved they must have spent the money on an unreported new asset purchase or do you have another explanation?
I hope we will get some answers when the website goes online again and they start to follow the reporting guide lines again!
I commented in.more detail on stocktwits but I'm staying out until communication starts back and answers my biggest question . Show me where 10 million in cash went past 6 months. Show me the money trail. Normally I'd say these are great fundamentals for a 2.5 million market cap company but too many questions and no communication for over 8 months
I did a fast read of the fins and found nothing new, they more or less copied Q1 and just updated the balance sheet!
This means all the red flags are still up and the unexplained huge gap between net profit and assets just got bigger by 7 millions!
So let's hope they soon start talking again to us!
GEGR website is down since yesterday!
Hopefully it gets updated with latest developments in order to keep investors in the loop at least a bit!
Fins out!!!
On the first and fast glance not as bad as expected!!!
7 millions of net profit and assets seems to have stabilized!
Will come back to this later.
By the way, both OTRO and Protonstar haven't been mentioned as subsidiaries in the Q1 filing!
So we better be prepared that the 25 millions invested there are gone!!!
Come on GEGR, do you really want to hide until Monday after hours to show us the truth??? Lol
One day in the week left and they are apparently still reviewing and the pps sitting at the atl with hardly any volume!
But latest Monday the hiding game will have to come to an end!
A management who can't handle an on time filing usually is negligent, incapable, badly organized and not fit to run a successful business!!!
Come on, it's not like inventing the wheel again. You just take the last report and amend it with the last quarter events and numbers!!!
It might get a little bit more tricky when the report is not straight forward, and you have to try to work around information gaps and bad news you have to hide without getting vulnerable to a possible legal investigation!!!
Just wondering what fits in here!
As expected LF notification filed!
The reason mentioned is classic : Holiday delay in board review of financials!!
That's worth a BIG LOL!!!
I hope they still dwell on the missing 40 millions!!!
So see you next Monday!!!
Right, I assume they will do it 21. or 22.!!! And usually such late filings are seldom good ones! So soon the riddle will be at least partially solved!!!
Well they have to file this month or file late notice. Either way update can only be delayed so long if they want to remain a tradeable ticker.
About 40 investments and no news since 8 months!!!
I hope they get sued sooner rather than later for not disclosing material information!!!
Well, the only difference so far is that they have lost an enormous amount of assets! They either scammed us from the beginning or they did a terrible job in selecting their investments!
Considering the pps and how it's trading I seriously doubt the upcoming fins will be positive! They likely delay those again to the last minute already giving us a warning of what is coming!
Last communication by CEO was a November 2022 podcast. He specifically said 2023 would. be different regarding low volume trading. Said big things were coming this year. Hinted at dividends. I'm still can't believe they went silent. No response to my emails. Either this will turn out really good or really bad.We shall see. The truth will be known soon
Now compare this to GEGR
23 Q1
GDVM
OS. 386.300.000
PPS. 0,0608
MAR CAP. 23.487.040
NET PROF 892.000
Net prof/share. 0,0023
Price earn ratio 26,33
The PER for GEGR is 0,41 forQ1!!!!
So what is wrong with this????????
When there is Zero or low volume insiders don't think 1 cent per share is a good price to buy!!!
Watch out for another disappointing filing!!!
So what to expect....
Either this was a scam from the very beginning than the fins will probably show another sharp decrease in assets and likely also in revenue!!! The situation with ILDA Investment and Tecalco support this theory. Also that from 31 investments only 9 are mentioned in the last filing raises some concerns!
Or they acted very amateurishly, bought investments too fast without proper due diligence and therefore either overpaid or just spent millions for garbage! Assuming the 60 millions net profit is for real and those investments are still active, we might see a similar net profit than last quarter and can just hope the remaining assets are doing OK and haven't lost any more value!
Not having received any updates for more than half a year and having received an inconsistent Q1 filing does not help as well!
Will be interesting to see how this pans out!!!
How many 8-k have they missed already?
8-K is a report of unscheduled material events or corporate changes at a company that could be of importance to the shareholders or the Securities and Exchange Commission (SEC). Also known as a Form 8K, the report notifies the public of events, including acquisitions, bankruptcy, the resignation of directors, or changes in the fiscal year.
Material events include:
A merger, acquisition, or consolidation with another company
The sale of company securities including equity or debt, and their derivatives, either privately or in the public markets
The sale of company assets or divisions including offices, land, products, intellectual property
An event which materially changes the company’s tax and/or corporate structure. For example, changing from for-profit to non-profit status
A change in the composition of the company’s board of directors or other governing body
An audit of your financials or other records by an outside expert
Entering into a major, strategic alliance with another company, organization or person
A change in the company’s legal status such as the dissolution or liquidation of the business, bankruptcy, or receivership
Good to know that investors start to take action against crooked managements!
Announcement - my firm @otclawyers has been retained by a shareholder group of $BBIG retail investors to investigate the last 4 years of corporate board actions including claims of; self-dealing and self-enrichment; diversion of assets; unlawful funding transactions; breach of numerous reporting and other fiduciary duties and responsibilities; as well as numerous possible federal law(s) violations. This investigation is not being limited to the Board of Directors, but will also include all funders, professionals and consultants that have counseled, approved, recommended or facilitated the above.
The moment of truth for the GEGR boys comes closer! Just 3 more weeks until the next filing but I fully anticipate another delay because they might want to hide the truth as long as possible!!!
I'm still eagerly waiting for their explanation how they managed to turn 60 millions of net profit into just 17 millions of net assets!!! And yes it is my business because I owe a small fraction of the company and management should do its utmost to grow and take good care of investors money!!! And if they don't adress that huge 43 million dollar gap it definitely should be legally challenged via the SEC!!!
Where did you see this information about non compliance?
Another one bites the dust...
Good morning,
unfortunately Gaensel did not comply with some contractual obligations therefore the acquisition was not finalized.
Best Regards,
TEC.AL.CO. SRL
Another mystery...
They and also Tecalco tweeted and PRed this in last November /December however no mention in either the Annual Report nor the Q1 report! I did send an email to Tecalco asking about the present status of the investment but the email was returned as not deliverable!!!
http://Tec.Al.Co S.r.l on Twitter
Updates on innovations in Aluminum Conductors and Electric Cars
19. Dez. 2022
San Ferdinando (RC), ITALY @Gaensel Energy Group, Inc., (OTC Pink: GEGR) BREAKING NEWS: $GEGR signs to acquire a 40% stake in http://TEC.AL.CO srl. Welcome to the world of Innovative Aluminum conductors.
40 millions in assets wasted last quarter!!!
29 Investments acc fins
11 No or not responding Web site
5 For sell, rev transaction, removed
9 Mentioned in 23 Q1 as subsidiaries, parents, or affiliated companies... what happened to the remaining 20???
Well, it seems they are going to stay silent until the next filings are due in about 4 weeks!!! I assume they still try to figure out how to explain the 40 millions + lost in net assets to legally cover their a##es! Something smells very fishy, specially ILDA Invest which apparently was just created to transfer money out to South America! But several others of their investments can't probably stand against a thorough investigation as well !!!
I truly hate the arrogance of CEOs who forget that they lead publicly traded companies , just go dark and leave investors out of the loop!!!
What a shame that they can't be held responsible for almost anything!!!
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Gaensel Energy Group, Inc., (OTC-GEGR), is a publicly traded international diversified holding company since 2002.
Gaensel Energy Group, Inc. has and continues to build a brand for each of its Industry Segments. The Companies asset base consists of established and growth companies structured to take advantage of the global market. Our shareholders will benefit from revenue producing and aggressive growth models of our projects.
SSCB was founded as a private bank for the cryopreservation of human stem cells obtained from blood and cord tissue for both autologous and allogeneic intra-family use. SSCB also allows the preservation of stem cells from adipose tissue. These cells have great potential in regenerative medicine, thanks to their ability to differentiate into numerous cell types and thus reconstruct many compromised tissues and organs. SSCB operates in the field of cellular therapies with specialization in the collection, purification, characterization, processing and storage of stem cells for therapeutic and aesthetic uses and for the development of new experimental protocols. Thanks to the constant commitment in biotechnology in the cellular field, over the years a highly specialized know-how and cutting-edge methods in the processes, quality and safety of stem cell storage and release have been developed.
ANGELO CAROLI operates in the luxury made-in-Italy sector and has developed a project for the expansion in Europe, Asia and North America.
Gaensel will leverage the existing luxury brand, as well as its direct consumer and B2B customer base, to expand brand recognition and product/process availability worldwide alongside an expedited strategy for growth which includes replication of existing operations in luxury epicenters throughout the world. The Angelo Caroli line has been added to the Marriott Presidential Suite for Soaps, Shampoo and its luxury bath products. Angelo Caroli has established in luxury hotels in Italy Health and Beauty Spas will be generate significant returns for our partnership.
Filmilan Productions SRL is a premier European Green Energy Company which has created a conglomerate through partnerships to facilitate the 360º capabilities required in this new global phase of renovation; which includes financing, project management and supply chain, and fulfills the role as the general contractor.
It is staffed by Italy's top engineers and technicians and is developer of industry game-changer POLYFIX® PANEL, a patented energy-saving, environmentally friendly solution for the building materials/supplies industry.
The Company currently has over $1b in Contracts approved by Italy’s AgenziaEntrate. This financing gives GEGR and Petit Chateau the leverage and momentum conducive to expanding contracted revenues to more than $1 Billion USD before the end of 2021 as the company creates jobs and revenue for the construction/building materials, real estate, and green energy industries
Metro VR Studios is an independent software, gaming, and virtual reality development company located in Boston, Massachusetts. The company’s core focus is on developing high-quality, character-driven action & adventure games for virtual reality on Oculus and PS4.
OVERSKY has been operating since 2013 with the aim of developing, producing and marketing a range of services and products in the digital marketing sector, and specializes in management of quality profiled databases with an excess of 20,000,000 contacts throughout Italy and Europe.
Salt Lake City, Utah--(Newsfile Corp. - October 12, 2021) - Gaensel Energy Group, Inc. (OTC Pink: GEGR) ("Gaensel" or the "Company"), a diversified holding company with assets in Biotech, Cryptocurrency, Software/Gaming and VR, Health, Beauty and Fashion, Technology, CRM & Data, Commodities, Retail Coffee, as well as General Contracting and Patented Building supplies, is pleased to announce Metro VR Studios has released a VR Music Video production. Metro VR Studios announces the ...
FMW Media, Inc.’s New to The Street TV Announces its 5 TV Interviews Being Broadcasted on Fox Business Network, Tonight, Monday, October 4, 2021, at 10:30 P.M. PT and Tomorrow Night, Tuesday, October 5, 2021, at 10:30 P.M. PT New to The Street’s 242nd TV show, airing tonight, Monday, October 4, 2021, 10:30 P.M. PT, on the Fox Business Network, features the following 5 Companies and their businesses representatives: 1) Hapbee Technologies, Inc. (OTCQB:HAPBF) (TSXV:HAPB); 2). Tonix Pharmaceuticals
New to The Street / Newsmax TV Announces 8 Interviews for this Week’s TV Broadcast, October 3, 2021, airing at 10-11 AM ET. 1) Hapbee Technologies, Inc.’s (OTCQB:HAPBF) (TSXV:HAPB) interview with Yona Shtern, CEO. 2) Tonix Pharmaceuticals, Inc.’s (NASDAQ:TNXP) interview with Mr. Seth Lederman, CEO. 3) First Wave BioPharma, Inc.’s (NASDAQ:FWBI) (formerly known as AzurRx BioPharma, Inc.) interview with James Sapirstein, Chairman, CEO & President. 4) GlobeX Data Ltd.’s (OTCQB:SWISF) (CSE:SWIS) (FRA
New to The Street TV Announces its 4 Business Guest Interviews being Broadcasted on Bloomberg TV, Tonight, Thursday, September 30, 2021, at 9:30 PM PT 1) StrikeForce Technologies, Inc.’s (OTCQB:SFOR) interviews with both Mr. Mark Kay, CEO, and Mr. George Waller Executive Vice-President, 2) Gaensel Energy Group, Inc.’s (OTCPINK: GEGR) interview with Mr. Peter Koley, CFO, 3) Rego Payments Architectures, Inc.’s. (OTCQB:RPMT) interview with Mr. Dan Aptor, Head of Strategy, 4) GlobeX Data Ltd’s. (OTC
Salt Lake City, Utah--(Newsfile Corp. - September 28, 2021) - Gaensel Energy Group, Inc., (OTC Pink: GEGR) ("Gaensel" or the "Company"), a diversified holding company with assets in Biotech, Cryptocurrency, Software/Gaming and VR, Health, Beauty and Fashion, Technology, High Tech Music and Audio Systems, CRM & Data, Commodities, Retail Coffee, as well as General Contracting and Patented Building supplies, is pleased to announce its has reached an agreement to acquire forty percent of ...
Salt Lake City, Utah--(Newsfile Corp. - September 27, 2021) - Gaensel Energy Group, Inc., (OTC Pink: GEGR) ("Gaensel" or the "Company"), a diversified holding company with assets in Biotech, Broadcasting and Television, Cryptocurrency, Software/Gaming and VR, Health, Beauty and Fashion, Technology, CRM & Data, Commodities, Retail Coffee, as well as General Contracting and Patented Building supplies and our new Shipping and Marine division, is pleased to announce Bloomberg TV airing the Interview
FMW Media’s New to The Street / Newsmax TV announces the broadcasting line-up of its national syndicated 1- hour TV show this Sunday, September 26, 2021, airing time 10-11 AM ET. New to The Street’s 235th TV show lineup, features 9 interviews of the following Companies and their businesses representatives:1). PetVivo Holdings, Inc. (NASDAQ:PETV); 2). Cryptocurrency Sologenics (CRYPTO:SOLO) ($SOLO);3). StrikeForce Technologies, Inc (OTCQB:SFOR); 4). Cryptocurrency Kylin Network (CRYPTO:KYL)($KYL)
Salt Lake City, Utah--(Newsfile Corp. - September 21, 2021) - Gaensel Energy Group, Inc., (OTC Pink: GEGR) ("Gaensel" or the "Company"), a diversified holding company with assets in Biotech, Cryptocurrency, Software/Gaming and VR, Health, Beauty and Fashion, Technology, High Tech Music and Audio Systems, CRM & Data, Commodities, Retail Coffee, as well as General Contracting and Patented Building supplies, is pleased to announce it has reached an agreement to acquire forty percent of ...
Salt Lake City, Utah--(Newsfile Corp. - September 14, 2021) - Gaensel Energy Group, Inc., (OTC Pink: GEGR) ("Gaensel" or the "Company"), a diversified holding company with assets in Biotech, Cryptocurrency, Software/Gaming and VR, Health, Beauty and Fashion, Technology, High Tech Music and Audio Systems, CRM & Data, Commodities, Retail Coffee, as well as General Contracting and Patented Building supplies, is pleased to announce its has reached an agreement to acquire forty percent of ...
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