Genesis Electronics Group Inc (GEGI)

[The Cheap Investor]

Thank you. You always do great due diligence, but I am completely confused now. According to the article, the VP of GEGI, who was at that time the owner of the truck stop with two other individuals, invested $2 million to buy the truck stop, and then spent $175,000 to upgrade the property. Coming to the present, the former owner who is now the VP, sells everything to the new CEO for $17,500. If the property was valued at $6.5 million a few years ago, what is its value now? Why would he sell so cheap and why would the new CEO who has had 23 years of financial experience and run his own company, want to invest in this truck stop? Now the CEO says he wants the portfolio of truck stops to be valued at $100 million in two years, but yet he has done nothing to attract investor interest. It has been over three months since he took over the company and we had one PR on January 27th outlining his plans for the future. I think shareholders would really appreciate an update what's going on these past three months. If you are a private owner of a company then you have no responsibility to tell anyone your business, but being a publicly traded company after three months you should have the decency to let investors know what is happening.