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Hahaha
That is your opinion and wish to buy some cheap shares
Let’s see what happen then
I will buy more and wait for penny land upon more acquisition deal by the new mgmt team
GEGI is debt free now and strong financing expert team backing up
Huge explosion imminent
Good luck boy
The new mgmt resume is very impressive and has capabilities to get huge funding
They have plan to bring in $100 mil revenue biz soon
Pps should be trading in penny land based on this new merger deal
I see huge promising future with the new CEO and mgmt
Good luck all
Well
It was over eeacted panic sell off on the news yesterday
The new merger deal was good for GEGI after reading PR
Glid tech had no fund and unproven project
We have new mgmt with first acquisition $11 mil revenue and $100 mil future revenue potential
No debt at all now
Pps should be at 0.0045 based on $11 annual revenue rig by now
Super bullish
Let’s see what happen today
I am willing add more at this cheap pps
The new mgmt has deep pocket and extensive corporate experience
I think Pps will reach higher than before and skillful communication with share holders
GEGI is debt free now and Pps will keep going up with the new experienced team
This has higher chance for success than previous
Good luck all
Huge bounce up today
The new CEO is the financing expert and plan to add $100 mil revenue
I see 100% explosion today and heading to penny land very soon
The new mgmt has every reason to raise Pps as high as possible
Super excited here
I feel sorry for my wrong prediction
I never thought of this update today at all
But I think the new management has huge potential as well
This is part of OTC jungle
Looking forward to bright future
You bet
Bashers keep lying to buy cheap shares
I think our board will be crowded much more than boring Glid tech stock now
I am super excited by the new management team
I will add more tmrw
The future of GEGI is promising with this new management
I am staying long until penny land
More secured and guaranteed than shady unproven Glid technology
Pps should be $0.0045 based on $11 mil annual revenue
The new ceo plans to add $100 mil revenue biz until 2026 yr
Good luck all
Ye ye ye
My main investment is Nasdaq bio company
This otc trading is for fun
It does not affect my financial status at all
Buy low and sell high
Good luck all
I did not lose money here trading but low and sell high daily
Hahaha
SPZI is another Chinese scam just like NHMD
GEGI will rise up again
The first acquisition has $11 mil revenue and more to come
Better than the former ceo who had no update for 6 months
I am glad the former ceo is fired and the new ceo seems professional entrepreneur indeed
I will add more and wait for $100 mil revenue
Good luck anyway
GEGI Announces Control Change, Business Acquisition, Divestiture, Debt Cancellations and New Management, Affirms More Diverse Business Strategies
Press Release | 01/17/2024
January 17, 2024
OTC Disclosure & News Service
Salt Lake City, UT —
This release includes additional documents. Select the link(s) below to view.
GEGI 01-17-24 - Changes.pdf
GEGI Announces Control Change, Business Acquisition, Divestiture, Debt Cancellations and New Management, Affirms More Diverse Business Strategies
SALT LAKE CITY, UT, January 17, 2024 Genesis Electronics Group, Inc. (OTC: GEGI) (the Company), announced that 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.
The Companys newly appointed CEO and Chairman of the Board, Travis T. Taylor, stated, Our team is extremely excited to embark on the journey ahead. The acquisition of the Fifth Wheel asset is the first of many anticipated acquisitions of similar assets across the country, which effort will be spearheaded initially by our Senior Vice President of Acquisitions, Steven Zabarsky. We believe these efforts will open up opportunities for us to add wholesale and retail assets in the renewable energy and emerging renewable technology markets. Mr. Taylor continued, From my experience in the finance industry, I believe that we have an ability to bring other cash-flow positive businesses within multiple target industry segments into the company, to grow our business organically and to achieve cash flow to the bottom line with every deal. We have a 2026 target of $100 million in company revenues, and we are committed to getting there and growing into our cap structure.
The Company also provided a further explanation regarding the transactions surrounding Mr. Taylors acquiring control. After nearly a year and a half of dedicated efforts, the Companys prior management had been unable to secure adequate funding, including through governmental and private-sector grants, needed to start, in earnest, the process of bringing the capital intensive Glid products to market. In light of those results, and given the extended period of limited liquidity in the micro-cap space, prior management determined it to be in the best interests of the Companys shareholders to bring a more broad-based, yet dynamic, business opportunity into the Company, along with a new highly-focused management group. Thus, the Glid-related business was divested by the Company. A more detailed description of the change-in-control-related transactions, including the acquisition of 235 Truck Stock for 25,000,000 shares of common stock, the Glid divestiture, 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 can be found in the Companys Supplemental Report filed with OTC Markets here.
Information Concerning New Management
Travis T. Taylor, CEO and Chairman of the Board, joins the Company with over 23 years of corporate experience, including the last 13 years as President of SpotOn Financial, a Colorado Springs, Colorado-based financial services company. Mr. Taylor has built his career in business development, business financing, and M&A activities. His prior experience has enabled him to provide financing to both public and private companies structuring financing ranging from simple to complex arrangements both in the United States and abroad. Mr. Taylor has built a reputation of being an innovator and his solid understanding of renewables and clear ability to explain these issues to shareholders, partners, and employees has him uniquely positioned to lead the Company forward.
Steven G. Zabarsky, Senior Vice President of Acquisitions and Board Member, is the former owner of Fifth Wheel. Mr. Zabarsky owned Fifth Wheel from January 2011 until the Companys recent acquisition of it. From May 2000 to 2011, Mr. Zabarsky was the owner/manager of Value Sports, a California-based operator of multiple franchise locations of Play It Again Sports, a retailer of new and used sports equipment. Prior to that endeavor, Mr. Zabarsky held executive positions in the financial services and communications industries. Mr. Zabarsky earned a B.A. Degree in Economics from the University of California, Los Angeles.
Eric Newlan, Vice President, General Counsel and Board Member, has, since 1987, practiced law in the North Texas area and is currently managing member of Newlan Law Firm, PLLC, Flower Mound, Texas, a firm engaged principally in the area of securities regulation. Since January 2020, Mr. Newlan has served as Vice President and Director of Black Bird Biotech, Inc., a publicly-traded company (symbol: BBBT) that is a purveyor of MiteXstream, an EPA-registered biopesticide, which he founded in 2018. Mr. Newlan earned a B.A. degree in Business from Baylor University, Waco, Texas, and a J.D. degree from the Washburn University School of Law, Topeka, Kansas. Mr. Newlan is a member of the Texas Bar.
Read their profile again
You do not know what you are talking about
Just leave if you don’t like
Well
Just part of trading
We got the better management anyway
Be patient
Pps will move up sgain
This is the first acquisition for this new management
$11 mil rev at $0.001?
I am buying more
This is going to penny land sooner than Glid
Ppl were not interested in Glid tech anyway
Pps did not move at all even we thought the gov grant is coming soon
Too much funds needed and nobody know it works
We have much better new management and $11 mil revenue biz now
Pps is at rock bottom
I am buying more tmrw
Sounds great
I will stay long and make huge money here
The new ceo is capable of bringing huge fund in
That is the part of trading otc stock
You never know what will happen tmrw
100% solo soon tmrw?
Hahaha
Old management had no fund to sustain the biz and the new management has the fund and experience to drive Pps explode
I will stay long here
No wonder there was no Pps rise
I am glad they are gone now
The new ceo and management are much more competent and promising
Wow
This new ceo profile is amazing
We got the competent entrepreneur CEO now
I am buying more tmrw
We have new company for $100 mil potential revenue
Hey
We got rid of incompetent ceo now and new experienced ceo and $11 mil revenue company now
Super explosion tmrw
Yep
This new CEO is planning for $100 mil rev until 2026
Huge gap up tnrw
The Companys newly appointed CEO and Chairman of the Board, Travis T. Taylor, stated, Our team is extremely excited to embark on the journey ahead. The acquisition of the Fifth Wheel asset is the first of many anticipated acquisitions of similar assets across the country, which effort will be spearheaded initially by our Senior Vice President of Acquisitions, Steven Zabarsky. We believe these efforts will open up opportunities for us to add wholesale and retail assets in the renewable energy and emerging renewable technology markets. Mr. Taylor continued, From my experience in the finance industry, I believe that we have an ability to bring other cash-flow positive businesses within multiple target industry segments into the company, to grow our business organically and to achieve cash flow to the bottom line with every deal. We have a 2026 target of $100 million in company revenues, and we are committed to getting there and growing into our cap structure.
Just foolish panic sell off on new merger deal and changing the foolish ceo
New merger company making $11 mil revenue
Huge bounce up tmrw
Great merger news indeed
Great news indeed
Looks like the merger deal happened
CEO has huge news to reveal this time
rally resume this afternoon
No matter what
Pps will hit over 0.006 upon federal grant news
Vice president supports this Glid project
That is all I count here
You bet
Profit takers sold for small peanut
Time to move up before huge gov grant news
CEO said let’s go for a ride together!
He is announcing big news this week indeed
0.006 is coming this week
Last chance under 0.003 now
0.006 coming upon big Gov grant news this week
Big news must be announced tmrw or Friday
Several Gov grants news!
New acquisition
The news will be out on Thursday most likely
Last chance under $0.005 tmrw
If $2.5 mil grant news announced
Penny land will be reached this week
Glid is multi billion dollars potential project supported by Government funding
This was trading over $0.02 last year and $0.006 six months ago without Gov grant news
No toxic debt or dillution at all
Super explosion upon grant news this week
Many unbelievers will cry when this is trading in Pennie’s
CEO started to open mouth about the plans and Gov grants
The sky is the limit when vice president and Biden administration support the Glid technology
Good luck all
Let’s go for a ride!
That is what CEO said
Big news is coming this week
Welcome all to our new page! As we continue to gain traction on our technology and services we want to provide our loyal followers with on time and consistent updates so that you can be as excited as we are! Let’s go for a ride together!
2:27 PM · Jan 16, 2024
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