General Enterprise Ventures Inc (GEVI)

[ITYS]

IF PFD holders WONT CONVERT ?? Wonder if these debts will be converted, apparently people just give company money for free !!! LMFAO
BUT Company gives "related consultants" but NOT those that invest real money...what a great company

As of December 31, 2023, and 2022, the current liabilities consisted of accounts payable and accrued liabilities of $54,572, due to related parties of $1,309,077, promissory note of $120,000, convertible note of $54,000


During the year ended December 31, 2023, the Company issued 1,200,000 shares of Convertible Series C Preferred Stock to a related party for consulting services rendered to the Company from October 2021 through July 2023. The Company valued the 1,200,000 shares of Convertible Preferred Stock, as if converted to 24,000,000 shares of common stock, using the quoted stock price of the Company’s common stock at approval date (November 1, 2022), resulting in a value of $8,640,000.