General Enterprise Ventures Inc (GEVI)

[SYTI]

Love when some discuss "share structure" and "tightly held"... REALITY is below and this coming YE will be dismal at best IMO
HOW can a company sustain these debts... well someone's pockets are emptying quickly and that's when Conman disappears

Operating Expenses
Operating expenses consisted of $749,155 cash paid for professional fees and $361,028 for general and administrative expenses and non-cash stock-based compensation of $8,966,850 in the nine months ended September 30, 2023

Cash Flows from Financing Activities
For the nine months ended September 30, 2023, net cash provided by financing activities consisted of $305,000 received from a related party, $907,600 from preferred stock subscriptions and $120,000 from promissory note.

Net Loss
As a result of the foregoing, we incurred a net loss of - $9,732,672, for the nine months ended September 30, 2023,

Liabilities
As of September 30, 2023, the current liabilities consisted of accounts payable and accrued liabilities of $62,156 and $87,398, due to related party of $1,407,681 , convertible note of $54,000 and $35,000, promissory note of $120,000 and current portion of operating lease liability of $78,250.