Genesis Electronics Group Inc (GEGI)

[Greed Kills]

JTF...it is playing out. You can see it if you read the court filings.

Lattuca was aggressive and brought Ray and Kate to the table by locking up Ray and Kate's ability to issue shares. An agreement was struck between Lattuca/Ray/Kate/GEGI/QEDN. Lattuca agreed to allow shares to be issued in exchange for payment. For some reason that can't be determined by the filings Ray/Kate/GEGI/QEDN didn't make the required payments and no shares were issued.

Lattuca has now filed a new motion for sanctions in which he has sought to increase the judgment for additional attorney's fees and to force GEGI and QEDN to accurately report information to www.otcmarkets.com.

In response, Kate and Ray have refused to hire an attorney to defend GEGI and QEDN. Why wouldn't Kate and Ray want GEGI and QEDN to be represented by an attorney? It seems like it would be best for the shareholders if an attorney represented GEGI and QEDN.

So, like I said things are playing out as we speak. Perhaps Lattuca's Motion will be granted and an even larger judgment will be entered against GEGI and QEDN. Perhaps the court will saddle GEGI and QEDN more disclosure requirements.

However, perhaps Lattuca is just a fool that never gives up. It doesn't look like he has been paid yet but it does look like he has prevented Kate and Ray from getting paid from this stock.

Maybe that is GEGI and QEDN's future...a forever stalemate between Lattuca/Purdon/Bahnsen in which no one ever gets paid because they are all too stubborn to compromise.