General Enterprise Ventures Inc (GEVI)

[SYTI]

The losses on DEBT SETTLEMENT are staggering, lenders making a ton... Ralston?

What's gonna happen when the demand loan of $1,309,077 wants pay back?

These discounted conversions .12 -.16

During the three months ended March 31, 2024, the Company settled liabilities of $23,400 and converted notes with principal amounts of $54,000 and accrued interest of $1,702 into 456,762 shares of common stock. The fair market value of the common shares converted was $126,655 at the issuance date, as a result, the Company recognized a loss on debt settled by common stock of $103,255.

During the three months ended March 31, 2024, the Company settled the promissory note with principal amount of $120,000 and accrued interest of $3,767 into 1,050,000 shares of common stock. The fair market value of the common shares converted was $902,790 at the issuance date, as a result, the Company recognized a loss on debt settled by common stock of $779,024.

SO THEY bring in LOANS and pay huge discounts to stock to survive...hmmmm---- that was ECOB business model aswell and Conboy bankrupt that public entity

G&A $197,357

MARKETING $110,206 (smoke n mirror money)
Professional fees $,2,672,129