Currently trading at a $9 million market valuation GEGI os is 2.1 billion shares with around 1.3 billion currently in the float. Management has done a lot to clean up the balance sheet and has been successful currently with just $2.6 million in liabilities on the books and no convertible debt which means little dilution here if any. In a big vote of confidence GEGI has received significant investment from Strategic Investor, 40 Brightwater, LLC, which LLC has shown increased interest in Genesis and its business potential following the acquisition of Glid. In May Glid signed a subscription agreement for $190,000 with 40 Brightwater and more recently they executed loan agreements for a credit facility in the amount of $750,000 with 40 Brightwater which is currently being finalized. This load is part of a larger financial arrangement between Clear Rock Sustainable Energy, Inc. and 40 Brightwater made for the purpose, in part, to establish an expanded business relationship between Genesis regarding its Glid autonomous road-to-rail patent-pending shipping technology and Clear Rock Energy to develop new business opportunities in Mexico, Nigeria, South Africa and Zimbabwe, where Clear Rock Energy has subsidiaries and business relationships, for purpose of securing new global markets for Genesis Electronics Group’s Gliders. The Glider could also be up for government funding; recently the DOE announced up to $10 million in funding to model the low-carbon intermodal freight transportation system of the future, in order to minimize emissions and maximize resiliency. Projects will seek to model the optimal deployment of energy infrastructure and logistics for moving goods across maritime, rail, and road transportation.
