Gaensel Energy Group Inc (GEGR)

[RiverRat'68]

GEGR_WWW.OTC.MARKETS.COM
Warning! Limited Information

OTC Markets Group has confirmed that this company has limited disclosure or financial information publicly available, but meets a minimum requirement for public quoting under Rule 15c2-11. The Pink Limited Information tier may include companies that are delinquent in their filing obligations with the SEC, a foreign exchange or regulator, or under the Pink Disclosure Guidelines, as well as non-U.S. companies listed on a foreign exchange that does not require English disclosure and do not certify their compliance with SEC Rule 12g3-2(b).

[RiverRat'68]

On the website WWE.OTCMARKETS.COM, GEGR had 24 Disclosures & NewsSvc reports for 2022 the last dated 11/15/22. Since then there has not been one during 2023.
The only conclusion one can draw is that this company is only good for one thing, and that's pulling the wool over stockholders eyes. Unfortunately I'm one of those shareholders.

[jrsh]

I remember all of those!!! Here is another one from their gone website

This financing gives Gaensel and his participant partners the leverage and momentum conducive to expanding contracted revenues to more than $1 Billion USD before the end of 2023 as the companies creates jobs and revenue for the construction/building materials, real estate, and green energy industries.

They really said ONE BILLION!!! LOL

YEP, will be interesting to watch this mess unfold!

[Sly1969]

Remember this 😆 20 million dollar investment in protonstar. VR STUDIOS was supposed to release gaming videos this past spring. Nothing on their website. They look to be a real company in Boston but nothing on their website regarding recent activities. Insane. Green energy consortium was a huge group of companies with millions of dollars of contracts. LNG contracts. I could go on and on. All those different companies/activities and no updates.

[Sly1969]

All those reported assets. Podcast from CEO In November 2022 mentioning Green energy consortium and US plants going up. If this was real then what happened ? If not then it was blatant lies and we should have legal recourse .

[Sly1969]

Nothing good. Soon we will know.

[jrsh]

November is close and still nothing new!!!

Website down
Yield sign on
Zero communication

and consequently the pps still trending down!

I wonder now, if they can't produce proper documents for the last set of filings if they even bother to file the new one due in 2-3 weeks!

WHAT A MESS!!!!

[jrsh]

Thanks for that!!!

EVERYTHING is a big mistery and all we can do is speculate based on what we know!

But shame on the company for their willfull neglect of not following the regulations and not providing and reporting material information!!! And not having a website since weeks don't make things better!!!

[RiverRat'68]

Sent an Email to Gaensel's Security Counsel asking if, based on a lack of Corporate Updates, multiple amendments to it's Financial Stmts, etc., if the company is indeed legitimate. Received a response immediately saying he no longer represents the company. Now, I'm not sure if this meant him individually or the Securities Counsel in-general. Wonder if this has anything to do with the lack of Attorney's Sign-off by their Law Group???

[jrsh]

Agreed, if their numbers would be real, almost certainly they would be the cheapest stock on the OTC, with an PER of 0,14 for 2022 when it should be at least at 15 to 20!

But what's the use of 67 millions net profit in 3 years when most of the money has misteriously disappeared from the balance sheet!!!

They invested 25 millions in 2 companies which disappeared from their filings as well!!!

They invested in another company which opened up just before their investment and closed again shortly after!!!

Yes, a lot of things unfortunately don't feel right here and I just hope, if things go proofen bad in an illegal way, that the SEC is looking very carefully what has happened!!!

[RiverRat'68]

The idea that a company that is making money, allegedly, with the potential of making even more and selling less than a penny boggles my mind.. There's no question that something isn't right in Denmark or in this case Italy.

[jrsh]

Dr. Jekyll und Mr. Hyde

Let's assume for a moment the more unlikely scenario, that all their numbers are for real and legit and that there aren't any criminal activities involved in their business!

In this case they managed to select investments which made them 67 millions of net profit in 2 1/2 years! All I can say is excellent and job well done!!!

On the other side the same people made more investments which made them loose more than 40 millions of the earned money again!!!

If this does make sense is hard to tell but it might be the reason why they stopped communicating!

Now they seem to be stuck in the trap that they reported 31 investments with only 11 remaining in the last filing. So what happened to the rest? The answer to this would probably also answer the question about the missing 40 millions!

It will be interesting to see how they get out of this mess!!!

[jrsh]

For the last changes of filings They needed 14 days now they are running on 24 days and counting! Not good!

Or they have problems with the attorney letter which would be REALLY bad because than it's almost sure that they play a rigged game!!!

We can only continue to wait for what is coming first, the stop sign or any information!

[jrsh]

Very close to an unbelievable half a cent and very likely they won't give us anything new before the next filing is due in about 5 weeks!!!

But even if they do so they need an attorney letter to avoid a stop sign!!! And they seem to have a big problem there!

[jrsh]

Probably not!

I keep forgetting that except of me only a few seem to follow the biggest scam on the OTC or the fundamentally most undervalued stock! !! Rotf

But the scam option unfortunately has a much higher probability considering what has been happening or better what didn't happen!

[jrsh]

Another WEEK almost gone... ABSOLUTLY NOTHING!!!

I hope all investors and beyond have filed a complaint already!!!

[jrsh]

Not only the silence but also their apparent failure to produce proper documents necessary to get rid of the yield sign!

Add to this all the other Red flags we have discovered and the missing millions in the balance sheet and you get the typical OTC scam company picture!

[Sly1969]

Time will soon tell the truth. Silence is very concerning

[jrsh]

10 days since they filed the 2nd amendments!

So either they messed those up AGAIN and have to submit 3rd amendments, which would be easier to swallow, or the worst case, the attorney refuses to sign them off, which would be a good indication that information provided is not legit!

[jrsh]

It seems they have a serious problem finding an attorney signing off their ammended annual report!!!

[jrsh]

So we stumble into the last quarter with a yield sign, no web site, no news and the good chance that we put our money into another OTC scam!!!

In the worst case we have to wait another 6 weeks + 5 days to hear anything! And the yield might have been replaced by a stop byl than!

[jrsh]

Complaint sent!

I hope everybody who is not happy how they handle their material event reporting is going to do the same! The more noise we shareholders make the better!

[jrsh]

I just did the complaint letter to the SEC and will send it on Monday if no information is forthcoming until then, which I really don't expect to happen!

[jrsh]

I just browsed through the Q1 2nd amendment and did not find any major changes however they still have the dates wrong in the CONSOLIDATED PROFIT AND Loss sheet! Both columns show 03/31/2023 but the 2nd one should read 12/31/22.

It's nothing big, but come on this is the 3rd version of the document, several people have testified that they have checked the document and there are still easy to find errors!

ALL I can say...... BIG EMBARRASSMENT!!!

[jrsh]

The non-interest in the company and their stock is just amazing considering the reported numbers!

It seems the market fully expects that the numbers are fake and the company a full scam! And the company itself does everything to support that theory!

Unfortunately, doing some due diligence, it's easy to come to the same conclusion! Anything else would be a big surprise!

[jrsh]

A new amended annual report and amendments for Q1 & Q2 filed!

[Sly1969]

Yes down to the wire.. Still. zero communication

[jrsh]

Enough is enough!!!

They said they will reorganize the company this quarter which ends in a couple of days!

If we don't hear anything until Sunday I will file complaints with the SEC and OTC for GEGR not reporting any material events since almost a year!

And 31 companies invested in and just 11 mentioned in the last filing indicates that there must be a huge information gap!

NOT to speak about the enormous loss in net assets!!!

[jrsh]

No way the attorney letter would still be missing if the filings would be OK!

I assume they have to redo the last 3 filings that's why it takes so long! But if there would be some illegal activities involved this might be the end of the story!

[jrsh]

I was thinking one step further in the attorney issue.

When attorneys have to check the filings more deeply than just sign it off without a thorough reading, they have to stumble across the same questions than we do.

For example : according previous filings GEGR made 31 investments, however they mentioned just 15 in the annual report. So what happened to the remaining 16??? And how did they loose 40 millions in net assets without explaining it???

Maybe the times when companies could write practically everything into their filings and corrupt attorneys just signed it off are coming to an end!

EAGERLY WAITING FOR THEIR NEXT STEP!!!

[jrsh]

They still haven't submitted the attorney letter for the annual report. Therefore the yield sign!

I found this, which means attorneys are required to check the documents more thoroughly in order to avoid copied numbers for example!:

OTC Markets also wants to remind Attorneys submitting Letters with Respect to Current Information of their obligations under the Attorney Letter Agreement.? Attorneys prepare, and/or assist in the preparation of disclosure materials that are posted in the OTC Disclosure & News Service by, or on behalf of Issuers. These materials are relied upon by public investors in making their investment decisions. Thus, OTC Markets, and the investing public, must be able to rely upon the integrity of in-house and retained lawyers who represent issuers.

Submission of an Attorney Letter expressing the opinion that adequate current information is available pursuant to the Pink Basic Disclosure Guidelines should occur only after you thoroughly review the issuer’s disclosure materials and are able to make such an assertion. OTC Markets is not in the business of assessing Issuer disclosure for completeness and providing deficiency letters. That is a responsibility you agreed to undertake on your client’s behalf.

[jrsh]

There are just 6 trading days left this month/quarter and still a BIG absolutely nothing from the company!!!

There is the good possibility now that they continue this idiotic silence strategy until they have to provide the next fins middle of November plus extension time of course!

[jrsh]

Seems the OTC doesn't like their last ammended filings because the yield sign is still on!

Maybe someone there is looking closer than it's good for them!!!

[jrsh]

Not good is strongly exaggerated.... DISASTROUS probably would be the appropriate word!!!

Still the yield sign on, still no website!!!

I hope they aren't busy to figure out how to channel more millions out of the Company without getting caught!!! IF they really earned those millions in the first place which isn't for sure as well!

[Sly1969]

Yep price action not good

[jrsh]

One of the apparently cheapest stocks on the OTC is going lower and lower!

What does that tell us?

Market doesn't believe in the fundamentals, management and insiders know fundamentals are rigged and speculators have been burnt too many times by crooked managements!

I just hope authorities are watching closely what's happening here!

[jrsh]

Testing new all times lows by the day!!!

I think it never traded before at 007 and I'm pretty sure we will see even 006 today!

ABSOLUTELY AMAZING!!!

And still having the yield sign and no website!!!

[jrsh]

The harsh truth is YOU SHOULD NOT BELIEVE IN ANY OTC STOCK NEVER EVER!!!

You are dealing here in 99% of cases with liars, cheaters and SCAMMERS! Criminals you would never talk to in real life!

What I still have is a tiny bit of hope but looking on the facts I really doubt this is one of the 1% remaining!

Making money is one side but not loosing it again with bad investments is the other!

And for the many millions net profit missing in the balance sheet there are only 2 good explanations :

1; they did a disastrous job investing
2: they illegally channeled money away from the company risking a legal investigation!

Both aren't pretty!!!

[Sly1969]

Yep lack of communication has been horrible. My question to you jrsh DO YOU Still Believe?? I still believe and anyway right now we are stuck as selling a significant amount of shares would probably mean selling for 008 and below. I do believe good or bad we'll know something before end of year and possibly alot sooner

[Sly1969]

https://pitchbook.com/profiles/company/263427-67#overview

[Sly1969]

Like you said hope dies last. Still I believe there is a real business operating. . This website confirms GEGR is parent company of Tigullio shipping which was announced in a PR last year. Part of the Green Energy consortium. https://www.otcmarkets.com/stock/GEGR/news/Gaensel-Energy-Group-Inc-GEGR-Announces-Its-Consorzio-Green-Solution--GNL-Finalizing-First-Tranche-of-Acquisition-of-Tig?id=365888. https://pitchbook.com/profiles/company/263427-67#overview

[jrsh]

GEGR, claiming not too long ago that it will make a billion in rev this year, completely on the mercy of speculaters right now, who can bring the pps down by 10% in selling 100 shares!

SHAME ON YOU MANAGEMENT CREW!!!

[jrsh]

So true!!!!

Sitting at the beach right now waiting for the sun set, sipping a cold beer and enjoying life, that's what it's all about!!!

[Sly1969]

Jrsh we shall see 😆. Its only money. We can't take it with us.

[jrsh]

Yep, hope dies last!!!

This ends really good or really bad!

Nothing else to say right now! But imo all the warning signs much more point to a bad ending!!!

[Sly1969]

There's still hope. Revenue is good and cash flow is positive q1 24 million q2 21 million. Quarterly reports still say contracts to be renegotiated Q3 2023 with focus on Green energy and technology aspects of company. This ends really good or really bad. We shall see. Shares are not being dumped recently. Website down.Is it being updated to reflect new business focus. Again we can only hope. Time will reveal the truth

[jrsh]

I'm really sick and tired about what they are doing, so I just browsed the amended document. They did change all the copied numbers from last quarter! If those are more correct than the copied ones only God knows!

[Sly1969]

I looked at them. No glaring difference. Revenue looks the same

[RiverRat'68]

Amended returns, just posted, for Y/E 12/31/22, 1'st Qtr 3/31/23 & 2'nd Qtr 6/30/23. Who the heck is responsible for preparing their Financial Statements, the 3-Stooges??? Represents a poor reflection of Mgmt.

[jrsh]

The website still down
The yield sign still on
Material events not reported since months

I really wonder what these guys are doing!!! Except channeling more money away from the company of course! Lol