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Yeah it just takes time to clean up these shells and re apply
Let's get back to current status or at least current limited.
Excellent due-diligence. I don't understand how the CEO of GEGI has been able to run a financial institution for 23 years and keep it solvent. First he tells us they are going to acquire truck stops. Well it looks like that's gone. Second he tells us he's going to invest in small and mid-size companies. Now he tells us they are going to be a financial institution that loans $5 million dollars to individuals with no collateral. In this age of stringent lending controls, how do you loan $5 million dollars with no collateral? I really liked the idea of the credit card, but this CEO is simply not trustworthy. Shame on me for believing the CEO the first time, but I will not buy another share of GEGI until we have verifiable proof that he is actually meeting some of the goals he has set for the company. You think with the stink that the last CEO left with investors, the new CEO would have tried to assure investors that he is the real deal. He states that GEGI is available to loan up to $5 million dollars to various individuals, but yet he doesn't have a few dollars to make GEGI current? It would not surprise me if anyone that applies for a loan with GEGI finds their information sold to data brokerages and advertisers, and I also wouldn't be surprised if GEGI gets a referral bonus from legitimate loan companies for sending customers their way. This way GEGI makes money without doing any actual work, but merely sells customer information and receives referral bonuses. Thank you for letting me vent my emotions.
One more https://genesisequitygrp.com/
On the bottom it says Genesis equity group. Maybe they are changing names?
GENESIS ELECTRONICS GROUP, INC.
Genesis Equity Group Inc is focused on acquiring small to medium companies within multiple industries. We seek to leverage the cash flow and management teams to create returns for our investors and leverage opportunistic growth using proven cash flow management and business expansion principles.
Found this it seems to fit
http://genesisequitygroup.com/
What are the qualifications?
There is a vetting process. It takes as long as it takes. It is not as easy to fulfill qualifications now as it was pre 2021. There is also no deadline. New management can take as long as they want.
What’s to approve? Either they have the filings ready or they don’t.
Probably still fulfilling OTCIQ applicant requirements. OTCM does extensive research anymore. So it might take months. Once approved, Then they can upload financials and release news and company updates.
Such is the otc man
On January 5th, the new CEO of GEGI told investors that GEGI had taken over the truck stop in Texas, which supposedly generated $11 million in revenue. Now that if that were true, that should've provided enough capital to keep the financials up to date. The new CEO also said their business plan was to acquire truck stops across the country. Then they come out and say Peter Hellwig is now associated with the company. Peter Hellwig is an expert in renewable fuel. So why is he involved in GEGI who is going to acquire truck stops that is going to generate hundreds of millions of gallons of diesel fuel into the atmosphere? The GEGI CEO would make a great politician because he is great at giving out misinformation to investors. With 23 years of financial expertise that the CEO has, GEGI should be on investors' radar and the stock price should be substantially higher. In my opinion, the CEO of GEGI has no integrity, just like the former CEO, who told us all investors would profit from the new management coming in.
Actually Peter Hellwig was added
https://www.linkedin.com/in/pete-hellwig-7b01906
Yeah same management as then.
Companies let themselves fall to em for a variety of reasons. Some being to restructure without worrying about mm and trading
Excuse my ignorance, but on GEGI's release on Jan 5th stating that Travis Taylor was the new CEO, and Steve Z was going to manage the truck stop, what has changed where you say GEGI has new management? Also, Travis Taylor was supposed to have 23 years experience in giving financial advice and loaning out money, but yet he let GEGI fall into the expert market. So what has changed?
Yeah https://esos.nv.gov/EntitySearch/BusinessInformation
OFFICER INFORMATION
View Historical Data
Title Name Address Last Updated Status
President Travis T Taylor 525 N. Cascade Ave, Colorado Springs, CO, 80903, USA 03/19/2024 Active
Secretary Steven G Zabarsky 525 N. Cascade Ave, Colorado Springs, CO, 80903, USA 03/19/2024 Active
Treasurer Peter Hellwig 525 N. Cascade Ave, Colorado Springs, CO, 80903, USA 03/19/2024 Active
Director Steven G Zabarsky 525 N. Cascade Ave, Colorado Springs, CO, 80903, USA 03/19/2024 Active
Director Travis T Taylor 525 N. Cascade Ave, Colorado Springs, CO, 80903, USA 03/19/2024 Active
I’m
It's a good sign. New management may be working through the OTCIQ screening process.
They have new management listed on Nevada sos
So just a matter of time I guess
I don't disagree. It has been a while.
People are free to disagree with my trading/investing style. I stand with my bullish sentiment.
This needs to pay for OTCIQ access and upload Fins. Verify Profile, and get an Attorney's signature. It'll happen.
How does a company come off the EM?
I'm in it at .0001 worth a lotto at this price
I also traded it back in the day also bought in at .0001
What’s your point? It’s on the expert market, you likely won’t be getting it at .0001
The lowest FINRA allows a trade is at .0001
I will add more.
There’s always one dumb ass moron
Probably a good time to add more while it's quiet
I have, got no response
Too much debt
If this is a shell could be good for a merger candidate on down the road?
Hopefully they get on the ball soon. Anyone contact the company lately?
How crazy, the scam continued from that low life Kate Bahnsen to the current scam trash, shut this shit down already
Yep, they sold out for a few bucks to some guy who owned a gas station in the middle of nowhere. Gegi is gone for sure! Good call!! On to the next!
Hey Jimmy remember me just checking in I knew what this thing was going two years ago I didn't realize how right I would be in terms of how low it would go and that there's nothing here I maintained it then and I maintain it now and now these scumbags can't even file financials why cuz it was a scam to begin with. God I'm good at this
No. Nothing has been filed since January.
No idea hopefully
Are they doing something to get this stock back to current status?
Looks like they are changing names to “Genesis Equity Group Inc” is focused on acquiring small to medium companies within multiple industries. We seek to leverage the cash flow and management teams to create returns for our investors and leverage opportunistic growth using proven cash flow management and business expansion principles.
CONTACT
525 N Cascade Avenue, Colorado Springs, CO 80903
https://www.genesis-electronics.com/
Yes it will get current again. Just a matter of time to complete filings.
Sorry meant 24 hours
In the last 35 hours the bots have posted at least 47 times on X
I think they know something is coming
https://x.com/search?q=%24gegi&src=typed_query&f=live
I believe so! They are all current on Nevada state sos with new management
https://esos.nv.gov/EntitySearch/BusinessInformation
Type in Genesis electronics
Is there still any chance this company will get to current status?
You are right. I tried to think with a logical mind, and that is a disadvantage in buying penny stocks. So I will never, ever buy a penny stock again. But let me get your opinion one more time. The CEO has been in charge of a financial institution for the last 23 years. He runs a private company, so therefore the only way he can make a living is by running a business that generates revenue. So I ask you, why would he tarnish his reputation by becoming CEO of a company that is going nowhere? As you know, all mistakes eventually get out on the internet, and that would be a devastating blow to a person in the financial industry. Now either he has to do some kind of huge pump and dump where he can make his money off the stock, or he could use his financial expertise to build GEGI on a firm financial basis. If he does nothing, nobody gains, not him or shareholders. This is the way I think and as you said, there is no place for logic in penny stocks. Thank you for your opinion, and I welcome all other opinions.
A financial guy Pete Hellwig talks about
How good First Republic was.
First Republic's failure was due to a run on deposits following the collapses of Silicon Valley Bank and Signature Bank.
JP Morgan Chase bought the assets of the failed bank.
Genesis Electronics Group, Inc.
Expert Market
Warning! This security is eligible for Unsolicited Quotes Only
This stock is not eligible for proprietary broker-dealer quotations. All quotes in this stock reflect unsolicited customer orders. Unsolicited-Only stocks have a higher risk of wider spreads, increased volatility, and price dislocations. Investors may have difficulty selling this stock. An initial review by a broker-dealer under SEC Rule15c2-11 is required for brokers to publish competing quotes and provide continuous market making.Warning! This security is traded on the Expert Market
The Expert Market® serves broker-dealer pricing and investor best execution needs. Quotations in Expert Market securities are restricted from public viewing. OTC Markets Group may designate securities for quoting on the Expert Market when it is not able to confirm that the company is making current information publicly available under SEC Rule 15c2-11, or when the security is otherwise restricted from public quoting.The Glid-related business was divested by the Company which cancelled $2 million in debt and all outstanding Series C Preferred Stock cancellation,
the additional $575,000 in debt-to-equity conversions and Series D Preferred Stock purchases by members of new management.
About Genesis Electronics Group, Inc.
With the recent change in control and acquisition of 235 Travel Stop, the Company has shifted its business focus towards becoming a leading energy company, with a particular focus on becoming a leading renewable energy technology company. Business opportunities adjacent to its core business, including within the transportation and logistics industry, represent an important part of the Companys future. The Companys new direction will serve managements vision of building a generational company based on its people.
GEGI Announces Control Change, Business Acquisition, Divestiture, Debt Cancellations and New Management, Affirms More Diverse Business Strategies
Kevin Damoa resigned as the Sole Director and Officer
Travis T. Taylor has acquired voting control of the Company. In conjunction with this change in control, the Company acquired 235 Travel Stop, Inc., d/b/a Fifth Wheel Truck Stop. (Fifth Wheel), a Fresno, California, retail truck stop with annual revenues in excess of $11 million, divested itself of its Glid-related assets, which cancelled $2 million in debt and all shares of Series C Preferred Stock, completed an additional $575,000 in debt-to-equity conversions, and installed new management.
235 Travel Stop, Inc. d/b/a Fifth Wheel Truck Stop
3767 S Golden State Blvd, Fresno, California 93725
Management needs to get their act into gear and File to get current!
Grace Period Expired
Securities enter a Grace Period when OTC Markets Group is no longer able to confirm that the issuer’s disclosure is current and publicly available as required under Rule 15c2-11. When a security enters a Grace Period, it can continue to be publicly quoted for 15 days. At the end of the 15-day Grace Period, if the required disclosure is not available, the security will move to the Expert Market for unsolicited quoting only, unless OTC Markets Group determines another exception under Rule 15c2-11 applies, such as the Large Company/ADTV exception.
Dark or Defunct
Companies that may not be able or willing to provide disclosure to the public markets - either to a regulator, an exchange or OTC Markets Group.
Phone: 559-485-0701
Travis T. Taylor CEO and Chairman of the Board
Steven Zabarsky Senior Vice President of Acquisitions
Eric Newlan Vice President, General Counsel and Board Member
Salt Lake City, UT 84101
26 S Rio Grande St #2072,
Salt Lake City, UT 84101
PUBLISH DATE | TITLE | PERIOD END DATE | STATUS |
---|---|---|---|
11/20/2023 | Quarterly Report - GEGI 9-30-23 Quarterly Report | 09/30/2023 | A |
11/14/2023 | Notification of Late Filing - Notification of Late Filing for period ending 9/30/23 | 09/30/2023 | A |
10/13/2023 | Quarterly Report - Amended-3 June 30, 2023 Quarterly Report | 06/30/2023 | A |
10/12/2023 | Quarterly Report - Amended 6/30/23 Quarterly Report | 06/30/2023 | A |
10/06/2023 | Quarterly Report - Amended 6/30/2023 Quarterly Report | 09/30/2023 | A |
09/28/2023 | Quarterly Report - GEGI Quarterly Report for June 30, 2023 | 06/30/2023 | A |
05/30/2023 | Quarterly Report - Amended 3/31/23 Quarterly Report | 03/31/2023 | A |
05/16/2023 | Quarterly Report - March 31, 2023 Quarterly Report | 03/31/2023 | A |
05/15/2023 | Notification of Late Filing - Notice of Late Filing for March 31, 2023 Report | 03/31/2023 | A |
04/28/2023 | Attorney Letter with Respect to Current Information - Attorney Letter with Respect to Current Information | 12/31/2022 | A |
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