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$GEVI It will get better when the uplisting comes.
News like this and the volume is still this bad?
$GEVI We had awesome news and why I am holding for the big payday.
https://southeast.newschannelnebraska.com/story/51926659/general-enterprise-ventures-inc-otcgevi-subsidiary-mighty-fire-breaker-mfb-achieves-astm-e84-extended-test-certification-for-building-industry-osb
Seems lower than .80 atm.
$GEVI Holding the .80 cent range well every day.
4000 seller right out the gates. 😂🤣
What? There's been a lot of selling according to the chart volume.
$GEVI No sellers and holding long and strong
It was still down .06% over the whole day 🤣
Volume has been real bad this week, too.
LOL ok at a close of .825
Spoke too soon again, aye Steal? Looking a bid red on the chart.
It says it right in the financials Steal,
$GEVI These conditions raise substantial doubt about the Company’s ability to continue as a going concern within one year after the date that the consolidated financial statements are issued.
And the countdown begins
HOW can GEVI claim in financials to file an S1 with SEC but not disclose anything to shareholders of the details
SEC needs to shut this scam down !!!
Note 12 – Subsequent Events
The Company filed with the Securities and Exchange Commission (“SEC”) a prospectus on Form S-1 with the objective, when effective, of raising up to $15,000,000 to fund the Company’s working capital and operating capital needs for, at a minimum, calendar year 2025, and at maximum, through calendar year 2029. The Company has received comments from the SEC and is preparing responses to the same.
If a company claims in their financials that they have submitted an S-1 prospectus to the SEC, but the disclosure shows it as incomplete, this could be considered misleading or false information.
The SEC requires that all necessary details be included in the S-1 filing for it to be considered complete and valid. If the filing is incomplete, the SEC will typically return it and request the missing information before it can be accepted
https://www.otcmarkets.com/filing/html?id=17892025&guid=qJY-kFjFUjHvJth
NOT to mention all the FALSE info on their web site , they claim all these distribution and still show UK company which was dissolved 6 months ago ! blatant mis information to shareholders !
GEVI has ONLY 4 customers and Q1 only did GROSS revs of $400k and last 2 Qs tad over $100k gross revenue per Q, Lost 5 million and NOW GEVI as per S1 statement and what was stated in the recent Q subsequent events we can do the math and that GEVI is planning to sell their Offering of 3,500,000 to raise $15,000,000 so that is $ .23 price per share
They have been dumping Pfd C shares and subscriptions previously at .20 pps and LAST MONTH raised $1,200,000 at $ .30 pps
While this provides short-term liquidity, it underscores an inability to sustain operations with existing cash flow.
NEW shareholders are being deceived who buy in open market.
PRELIMINARY PROSPECTUS, SUBJECT TO COMPLETION, DATED OCTOBER _____, 2024
This is a firm commitment public offering of General Enterprise Ventures, Inc., a Wyoming corporation (the “Company,” “GEVI,” “we,” “us,” or “our”). We are offering 3,500,000 shares of Common Stock, par value $0.0001 (the “Common Stock”), at an assumed initial offering price of $[•]per share of Common Stock, which is based on the last reported sales price of our Common Stock of $[•] on October _____, 2024
The Company filed with the Securities and Exchange Commission (“SEC”) a prospectus on Form S-1 with the objective, when effective, of raising up to $15,000,000 to fund the Company’s working capital and operating capital needs for, at a minimum, calendar year 2025, and at maximum, through calendar year 2029. The Company has received comments from the SEC and is preparing responses to the same.
GEVI claims to uplist to NYSE, can’t even make that sh%$ up. Such a scam !
The Company has incurred losses since inception and has a net loss of - $5,082,352 on $738,729 of gross revenues (Q 1 was $433k so last 2 Qs under 150k gross?)) for the nine months ended September 30, 2024, and has a working capital deficiency of - $1,002,764 as of September 30, 2024. In addition, the Company has been dependent on related parties to fund operations and has an amount owing to related parties of - $1,255,572 outstanding at September 30, 2024. These conditions raise substantial doubt about the Company’s ability to continue as a going concern within one year after the date that the consolidated financial statements are issued.
NO MENTION OF AN UPLIST? Or reverse split? S1 filed in disclosures doesn’t show any concrete numbers ? WHAT has been “filed”? Another false claim?
Note 12 – Subsequent Events
Management evaluated all additional events through the date the consolidated financial statements were available to be issued. Based upon this review, the Company did not identify any material subsequent events that would have required adjustment or disclosure in the consolidated financial statements.
The Company filed with the Securities and Exchange Commission (“SEC”) a prospectus on Form S-1 with the objective, when effective, of raising up to $15,000,000 to fund the Company’s working capital and operating capital needs for, at a minimum, calendar year 2025, and at maximum, through calendar year 2029. The Company has received comments from the SEC and is preparing responses to the same.
During the month of October 2024, the Company raised $1,200,000 in working capital in connection with sales of its Series C Preferred Stock at a price of $0.30 per share.
$GEVI Up .04 for the day and after all that bashing of yours. You should be here more often.
Volume only 667 today. Oof.
Steal, stop DMing me so much lmao. The stock was green before I posted anything today haha. It fell a little after I started posting. You've sent me 5 DMs today all with the same verbiage 😂
Steal, this was already green before I posted today. It went down afterwards. Clarification 🤣
HOW can GEVI claim in financials to file an S1 with SEC but not disclose anything to shareholders of the details
SEC needs to shut this scam down !!!
Note 12 – Subsequent Events
The Company filed with the Securities and Exchange Commission (“SEC”) a prospectus on Form S-1 with the objective, when effective, of raising up to $15,000,000 to fund the Company’s working capital and operating capital needs for, at a minimum, calendar year 2025, and at maximum, through calendar year 2029. The Company has received comments from the SEC and is preparing responses to the same.
If a company claims in their financials that they have submitted an S-1 prospectus to the SEC, but the disclosure shows it as incomplete, this could be considered misleading or false information.
The SEC requires that all necessary details be included in the S-1 filing for it to be considered complete and valid. If the filing is incomplete, the SEC will typically return it and request the missing information before it can be accepted
https://www.otcmarkets.com/filing/html?id=17892025&guid=qJY-kFjFUjHvJth
NOT to mention all the FALSE info on their web site , they claim all these distribution and still show UK company which was dissolved 6 months ago ! blatant mis information to shareholders !
GEVI has ONLY 4 customers and Q1 only did GROSS revs of $400k and last 2 Qs tad over $100k gross revenue per Q, Lost 5 million and NOW GEVI as per S1 statement and what was stated in the recent Q subsequent events we can do the math and that GEVI is planning to sell their Offering of 3,500,000 to raise $15,000,000 so that is $ .23 price per share
They have been dumping Pfd C shares and subscriptions previously at .20 pps and LAST MONTH raised $1,200,000 at $ .30 pps
While this provides short-term liquidity, it underscores an inability to sustain operations with existing cash flow.
NEW shareholders are being deceived who buy in open market.
PRELIMINARY PROSPECTUS, SUBJECT TO COMPLETION, DATED OCTOBER _____, 2024
This is a firm commitment public offering of General Enterprise Ventures, Inc., a Wyoming corporation (the “Company,” “GEVI,” “we,” “us,” or “our”). We are offering 3,500,000 shares of Common Stock, par value $0.0001 (the “Common Stock”), at an assumed initial offering price of $[•]per share of Common Stock, which is based on the last reported sales price of our Common Stock of $[•] on October _____, 2024
The Company filed with the Securities and Exchange Commission (“SEC”) a prospectus on Form S-1 with the objective, when effective, of raising up to $15,000,000 to fund the Company’s working capital and operating capital needs for, at a minimum, calendar year 2025, and at maximum, through calendar year 2029. The Company has received comments from the SEC and is preparing responses to the same.
GEVI claims to uplist to NYSE, can’t even make that sh%$ up. Such a scam !
The Company has incurred losses since inception and has a net loss of - $5,082,352 on $738,729 of gross revenues (Q 1 was $433k so last 2 Qs under 150k gross?)) for the nine months ended September 30, 2024, and has a working capital deficiency of - $1,002,764 as of September 30, 2024. In addition, the Company has been dependent on related parties to fund operations and has an amount owing to related parties of - $1,255,572 outstanding at September 30, 2024. These conditions raise substantial doubt about the Company’s ability to continue as a going concern within one year after the date that the consolidated financial statements are issued.
NO MENTION OF AN UPLIST? Or reverse split? S1 filed in disclosures doesn’t show any concrete numbers ? WHAT has been “filed”? Another false claim?
Note 12 – Subsequent Events
Management evaluated all additional events through the date the consolidated financial statements were available to be issued. Based upon this review, the Company did not identify any material subsequent events that would have required adjustment or disclosure in the consolidated financial statements.
The Company filed with the Securities and Exchange Commission (“SEC”) a prospectus on Form S-1 with the objective, when effective, of raising up to $15,000,000 to fund the Company’s working capital and operating capital needs for, at a minimum, calendar year 2025, and at maximum, through calendar year 2029. The Company has received comments from the SEC and is preparing responses to the same.
During the month of October 2024, the Company raised $1,200,000 in working capital in connection with sales of its Series C Preferred Stock at a price of $0.30 per share.
Correct, and then all of the GEVI execs get fired and the $GEVI ticker is no more. It would be beneficial if it merged into a solid company and if the company had public stock options.
$GEVI So I See you agree that the merger would be very beneficial to shareholders if that were to happen. Makes it easy just to merge right into a NYSE trading company.
I think this is something that we can actually agree on, Steal. I think if GEVI merged into another company, and the new company fired all of the current GEVI employees, then the acquisition could prove profitable. But this is all hypothetical.
So then you admit it would be awesome if GEVI was no longer traded on the exchange and your shares converted or bought outright if the company they are merging into is private?
$GEVI Amerger would be awesome then you are right!
Then GEVI would essentially be no more. GEVI would have to merge INTO an eligible company to go to NYSE or else they are still bound to the 3 year rule.
$GEVI You just never know what's in the plan. Look at Steve Conboy and how intelligent he is with why he brings the table.
$GEVI Maybe they are merging so I trust the company. The stock holds up well.
In 3 years IF they are able to meet the minimum requirements by end of 2025. They sure won't meet any requirements for the first year by the end of this year.
$GEVI Yes the upper exchange will send this to multiple dollars.
Upper exchange? You mean the NYSE? Need to wait 3 years per the uplisting requirements.
Also, not a good volume day on only a few thousand traded. Furthermore, makes it worse when most of the trades were sells.
$GEVI This trade is very good with buying it about every day. A good range is $.80 to one dollar. this will skyrocket it advances to the upper exchange.
Pretty much only selling going on today. Unsurprising.
$GEVI When You post the price goes up.
You still have 3 years per the requirements needed to uplist to NYSE. Below is some education material for you so that you can stop spreading misinformation.
• EARNINGS TEST: Adjusted pre -tax earnings from continuing operations must total (1) $10 million for the last three fiscal years, including a minimum of $2 million in each of the two most recent fiscal
years and positive amounts in all three years, or (2) if there is a loss in the third fiscal year, $12 million for the last three fiscal years, including a minimum of $5 million in the most recent fiscal year
and $2 million in the next most recent fiscal year; or
• GLOBAL MARKET CAPITALIZATION TEST: $200 million in global market capitalization (existing public companies must meet the minimum global market capitalization for a minimum of 90 consecutive trading days prior to listing on the NYSE).
It says it right in the financials Steal,
$GEVI These conditions raise substantial doubt about the Company’s ability to continue as a going concern within one year after the date that the consolidated financial statements are issued.
And the countdown begins
GEVI claims to uplist to NYSE, can’t even make that sh%$ up. Such a scam !
The Company has incurred losses since inception and has a net loss of - $5,082,352 on $738,729 of gross revenues (Q 1 was $433k so last 2 Qs under 150k gross?)) for the nine months ended September 30, 2024, and has a working capital deficiency of - $1,002,764 as of September 30, 2024. In addition, the Company has been dependent on related parties to fund operations and has an amount owing to related parties of - $1,255,572 outstanding at September 30, 2024. These conditions raise substantial doubt about the Company’s ability to continue as a going concern within one year after the date that the consolidated financial statements are issued.
NO MENTION OF AN UPLIST? Or reverse split? S1 filed in disclosures doesn’t show any concrete numbers ? WHAT has been “filed”? Another false claim?
Note 12 – Subsequent Events
Management evaluated all additional events through the date the consolidated financial statements were available to be issued. Based upon this review, the Company did not identify any material subsequent events that would have required adjustment or disclosure in the consolidated financial statements.
The Company filed with the Securities and Exchange Commission (“SEC”) a prospectus on Form S-1 with the objective, when effective, of raising up to $15,000,000 to fund the Company’s working capital and operating capital needs for, at a minimum, calendar year 2025, and at maximum, through calendar year 2029. The Company has received comments from the SEC and is preparing responses to the same.
During the month of October 2024, the Company raised $1,200,000 in working capital in connection with sales of its Series C Preferred Stock at a price of $0.30 per share.
GEVI has ONLY 4 customers and Q1 only did GROSS revs of $400k and last 2 Qs tad over $100k gross revenue per Q, Lost 5 million and NOW GEVI as per S1 statement and what was stated in the recent Q subsequent events we can do the math and that GEVI is planning to sell their Offering of 3,500,000 to raise $15,000,000 so that is $ .23 price per share
They have been dumping Pfd C shares and subscriptions previously at .20 pps and LAST MONTH raised $1,200,000 at $ .30 pps
While this provides short-term liquidity, it underscores an inability to sustain operations with existing cash flow.
NEW shareholders are being deceived who buy in open market.
PRELIMINARY PROSPECTUS, SUBJECT TO COMPLETION, DATED OCTOBER _____, 2024
This is a firm commitment public offering of General Enterprise Ventures, Inc., a Wyoming corporation (the “Company,” “GEVI,” “we,” “us,” or “our”). We are offering 3,500,000 shares of Common Stock, par value $0.0001 (the “Common Stock”), at an assumed initial offering price of $[•]per share of Common Stock, which is based on the last reported sales price of our Common Stock of $[•] on October _____, 2024
The Company filed with the Securities and Exchange Commission (“SEC”) a prospectus on Form S-1 with the objective, when effective, of raising up to $15,000,000 to fund the Company’s working capital and operating capital needs for, at a minimum, calendar year 2025, and at maximum, through calendar year 2029. The Company has received comments from the SEC and is preparing responses to the same.