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Sold. Waiting for selling to stop
No preferred shares, no debt, and 18 mil OS per last filing! Also pink current last week. Let's go!
Rocket mode
GNAUQ Emergence from BK
http://otce.finra.org/DailyList
NO FLOAT AT ALL...BLUE SKIES BLUER WITH EACH BUY
GNAUQ top watch for NEXT WEEK
moves on air and any volume of reason will close the spread...could be one of the biggest Q stocks ever.
hit 7 pennies on low volume...
Heating up.....multi bagger ahead
$GNAUQ micro OS wake me up at .20 cents yeah I call 100 baggers easy bro
before at least I thought they stood a chance. I already lost so much so I'm asking will these share be worth anything in a few years.
Why are you speaking in the future tense? They already are close to worthless.
Bankruptcy, wonderful.....
GNAU changed to GNAUQ:
http://www.otcbb.com/asp/dailylist_detail.asp?d=02/07/2013&mkt_ctg=NON-OTCBB
What does the "E" mean? It means get your bum in gear and get your filings in!!!!!! See the link for the actual description.
http://www.sec.gov/answers/eadded.htm
Delays in fillings has caused "E" to the symbol.
I got some impatience @ 1 cent.
This stock will go 3 to 5 cents sometime this year.
But there could be couple of big news from company.
Notification that Annual Report will be submitted late (NT 10-K)
Date : 04/02/2012 @ 4:38PM
Source : Edgar (US Regulatory)
Stock : (GNAU)
Quote : 0.017 0.0 (0.00%) @ 2:05AM
- Notification that Annual Report will be submitted late (NT 10-K)
PrintAlert
OMB APPROVAL
OMB Number: 3235-0058
Expires: May 31, 2012
Estimated average burden
hours per response . . . . 2.50
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SEC FILE NUMBER
333-137755
FORM 12b-25
NOTIFICATION OF LATE FILING
(Check One):
x Form 10-K ¨ Form 20-F ¨ Form 11-K ¨ Form 10-Q
¨ Form 10-D ¨ Form N-SAR ¨ Form N-CSR
For Period Ended: December 31, 2011
¨ Transition Report on Form 10-K
¨ Transition Report on Form 20-F
¨ Transition Report on Form 11-K
¨ Transition Report on Form 10-Q
¨ Transition Report on Form N-SAR
For the Transition Period Ended:
Nothing in this form shall be construed to imply that the Commission has verified any information contained herein.
If the notification relates to a portion of the filing checked above, identify the Item(s) to which the notification relates:
PART I — REGISTRANT INFORMATION
General Automotive Company
Full Name of Registrant
N/A
Former Name if Applicable
5422 Carrier Drive, Suite 309
Address of Principal Executive Office ( Street and Number )
Orlando, FL 32819
City, State and Zip Code
PART II — RULES 12b-25(b) AND (c)
If the subject report could not be filed without unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed. (Check box if appropriate)
x
(a) The reason described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense
(b) The subject annual report, semi-annual report, transition report on Form 10-K, Form 20-F, Form 11-K, Form N-SAR or Form N-CSR, or portion thereof, will be filed on or before the fifteenth calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q or subject distribution report on Form 10-D, or portion thereof, will be filed on or before the fifth calendar day following the prescribed due date; and
(c) The accountant’s statement or other exhibit required by Rule 12b-25(c) has been attached if applicable.
PART III — NARRATIVE
State below in reasonable detail why Forms 10-K, 20-F, 11-K, 10-Q,10-D, N-SAR, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time period.
The registrant’s annual report on Form 10-K could not be filed without unreasonable effort or expense because of delays in reviewing and finalizing the consolidated financial statements of the registrant and its subsidiaries. The report will be filed no later than the 15th calendar day following the due date, or April 16, 2012.
PART IV — OTHER INFORMATION
(1) Name and telephone number of person to contact in regard to this notification
Shawn Powell Joseph 407 363-5633
(Name) (Area Code) (Telephone Number)
(2) Have all other periodic reports required under Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12 months or for such shorter period that the registrant was required to file such report(s) been filed ? If answer is no, identify report(s). x Yes ¨ No
(3) Is it anticipated that any significant change in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included in the subject report or portion thereof? ¨ Yes x No
If so, attach an explanation of the anticipated change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be made.
General Automotive Company
(Name of Registrant as Specified in Charter)
has caused this notification to be signed on its behalf by the undersigned hereunto duly authorized.
Date:
March 30, 2012 By: /s/ Shawn Powell Joseph
Shawn Powell Joseph
Title: Chief Financial Officer
Waveriders this is the time now to be patient and pick your bid.
This news ahead of the 10k tells me we are finally going to get this company out there to real investors.
It has been to long and the price action yesterday shows it will move fast now on news.
Have a great day.
General Automotive Announces the Engagement of Aegis Capital Corp.
ORLANDO, Fla., Mar 8, 2012 (GlobeNewswire via COMTEX) -- General Automotive Company (OTCBB:GNAU), a North American provider of parts, accessories and advanced technology for the automotive industry is pleased to announce that it has engaged Aegis Capital Corp, a registered broker/dealer, as a placement agent and financial advisor to the Company. The engagement agreement states that Aegis Capital Corp. will provide advisory services and placement of up to $1,000,000 in Debt and/or Equity financing.
General Automotive's CEO and President, Dan Valladao, commented, "We are extremely excited to be working with Aegis Capital towards financing some of the new growth initiatives for the company. We believe with Aegis as our Capital partner we can continue to expand our distribution and manufacturing opportunities worldwide."
About General Automotive Company
General Automotive Company provides original equipment and aftermarket automotive parts and automotive technology in the United States and internationally. It focuses on automotive parts sales and distribution through its subsidiary, OE Source L.C. General Automotive is also a partnered in GreenCell Inc., a joint venture with SenCer Inc., a New York based ceramic technology company. GreenCell, Inc., has created "Ultra-Temp," a proprietary technology and a potential game changer for the manufacturing of multiple automotive products including oxygen sensors, brakes and SOFC fuel cells for powering automobiles. General Automotive Company ("GAC") is also focused on expanding its operating growth platform through multiple and ongoing acquisitions of successful automotive parts companies. General Automotive Company is based in Orlando, Florida.
About Aegis
Aegis Capital has been in business for the past 27 years and maintains a conflict free service platform catering to the needs of private clients, institutions and corporations. Aegis Capital Corporation was founded in 1984 by the current CEO and Chairman. Aegis's origins were based on servicing the specific needs of an extremely affluent customer base. Today, we have become a premiere full-service investment banking firm with eleven locations and employees stretching from Florida to Rochester, NY. We have clients in all 50 states and overseas. Aegis has been able to bring quality service through its clearing relationships of Penson and JP Morgan.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the Company's current plans and expectations, as well as future results of operations and financial condition. Specifically, the Company's ability to raise additional capital, execute its business plan and strategy, sustain or increase gross margins, achieve profitability and build shareholder value are forward-looking statements. A more extensive listing of risks and factors that may affect the Company's business prospects and cause actual results to differ materially from those described in the forward-looking statements can be found in the reports and other documents filed by the Company with the Securities and Exchange Commission. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
This news release was distributed by GlobeNewswire, www.globenewswire.com
SOURCE: General Automotive Company
By Staff
CONTACT: CONTACT: Paula Bausman
Investor Relations
407-363-5633
pbausman@generalautomotive.com
(C) Copyright 2010 GlobeNewswire, Inc. All rights reserved.
-0-
INDUSTRY KEYWORD: Business Services
SUBJECT CODE: AUTOMOTIVE
CONTRACTS
Business Contracts
10q coming soon!
GNAU @ .035!
Any thoughts on GNAU you would care to send via PM? I am not finding much new or exciting. Thoughts on progress or future would be great if you have the time. I think you are out driving now.
Thanks for the update.
GNAU, 8-K out today
http://www.sec.gov/Archives/edgar/data/1376668/000125529411000748/0001255294-11-000748-index.htm
They sold off their assets of Pro Value LLC to the private company in exchange for common shares (6M to 16M) & a write-off of their $175k debt.
Also they converted the promissory note of $660k. The indebtedness may be convertible at any time (due August 12, 2012) into shares of the company at a conversion price of .05.
This makes a lot of sense, why they held off doing this until the end of the quarter. Good deal for GNAU and now I imagine we will see the pps rise. They will still see benefit and profit from owning stock in Pro Value (even though it is a private company).
All The Best
I haven't seen the prices this low on GNAU, and I'm hoping it stays down until after Thanksgiving so I can buy more next week.
No pump or lie, just the truth.
All The Best
I doubt it very much, they will be making money on their subsidiaries even if their own business failed.
They launched GCLL this year and it has been an asset-draining venture.
Are they going under ? 5 Year chart http://ih.advfn.com/p.php?pid=squote&symbol=GNAU
Looking forward to seeing what it has to say! Hopefully it will be helpful.
NT 10-Q filed for GNAU yesterday. Quarterly postponed a few days.
Hope this picks up and something comes out soon, so far I am taking a bath here. 80% down and dont have any money for avg. down here as it is set to go somewhere else already.
This little puppy moves big %'s at a time. Wonder when we may hear anything, following that NVSR has still remained quite.
GNAU webpage on $THE WAVE!
http://www.thewaveinvestors.com/GNAU-General-Automotive-Inc.html
I was wondering the same thing last night when I was reading many new EOBR in the trade magazines.
This one also has somethings going on now just real quiet.
Thank you! Looking forward to what is in store. NVSR has something up its sleeve.
Thanks again
Thanks! I always count on you and the wave! Good to have you around!
I AM LIKING THE DATE AFTER THE WARRANTS EXPIRE AND THINK WE WILL SE MUCH MORE AFTER THAT.
The holders of these are no longer with the company in several names here and the ones that still are do not want to give away free shares then.
Watch for these to disappear and then we move to much higher levels on the 10k.
Till then we will see a buildup of price and back toward and above the .05 slowly now.
they expire 11/03/2011.
http://www.otcmarkets.com/edgar/GetFilingHtml?FilingID=7865106
OUTSTANDING EQUITY AWARDS AT FISCAL YEAR-END
Dan Valladao, President, CEO, Director
Shawn Powell Joseph, CFO
Tim Alford, COO, Director
Kenneth Adams, Director
Dan Valladao, VP, Director
Tim Alford, President OES, Director
Joe DeFrancisci, Former President, CEO
Harry Christenson, Former CFO
OPTION AWARDS
Number of Securities Underlying
Unexercised Options (#) Exercisable
10,000,000 2,000,000 3,000,000 400,000 400,000 400,000 1,150,000 600,000
Number of Securities Underlying Unexercised Options
(#) Unexercisable
0 0 0 0 0 0 0 0
Equity Incentive Plan Awards:
Number of Securities Underlying Unexercised Options
Unexercised Unearned Options (#)
0 0 0 0 0 0 0 0
Option Exercise Price
$ 0.04 $ 0.04 $ 0.04 $ 0.385 $ 0.385 $ 0.385 $ 0.385 $ 0.385
Option Expiration
10/30/2012
10/30/2012
10/30/2012
11/3/2011
11/3/2011
11/3/2011
11/3/2011
11/3/2011
STOCK AWARDS
Number of Shares or Units that
Have Not Vested (#)
0 0 0 0 0 0 0 0
Market Value of Shares or Units
That Have Not Vested ($)
0 0 0 0 0 0 0 0
Equity Incentive Plan Awards:
Number of Unearned Shares, Units or
0 0 0 0 0 0 0 0
Other Rights that Have Not Vested (#)
0 0 0 0 0 0 0 0
Equity Incentive Plan Awards:
0 0 0 0 0 0 0 0
Value of Unearned Shares, Units or
Other Rights that Have Not Vested ($)
0 0 0 0 0 0 0 0
Trust me, I believe in this company and I know and understand that, although long, I am not very good with 70% and 40% drops with minimal moves upwards. Especially not after share structure changes. I dont look here often, but everytime I do I tend to see a bigger drop in my account value week2week.... I definitely anticipate the company to make moves, but when is the question. Overall down 60% now with my attempts to avg. down and not on a small chunk of money. Not complaining or crying over spilled beer, just frustrated.
This is a quiet company making all the right moves!
15 minute chart showing ready for bounce back upwards!
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