General Enterprise Ventures Inc (GEVI)

[Techroemancer]

GEVI claims to uplist to NYSE, can’t even make that sh%$ up. Such a scam !

The Company has incurred losses since inception and has a net loss of - $5,082,352 on $738,729 of gross revenues (Q 1 was $433k so last 2 Qs under 150k gross?)) for the nine months ended September 30, 2024, and has a working capital deficiency of - $1,002,764 as of September 30, 2024. In addition, the Company has been dependent on related parties to fund operations and has an amount owing to related parties of - $1,255,572 outstanding at September 30, 2024. These conditions raise substantial doubt about the Company’s ability to continue as a going concern within one year after the date that the consolidated financial statements are issued.


NO MENTION OF AN UPLIST? Or reverse split? S1 filed in disclosures doesn’t show any concrete numbers ? WHAT has been “filed”? Another false claim?

Note 12 – Subsequent Events

Management evaluated all additional events through the date the consolidated financial statements were available to be issued. Based upon this review, the Company did not identify any material subsequent events that would have required adjustment or disclosure in the consolidated financial statements.

The Company filed with the Securities and Exchange Commission (“SEC”) a prospectus on Form S-1 with the objective, when effective, of raising up to $15,000,000 to fund the Company’s working capital and operating capital needs for, at a minimum, calendar year 2025, and at maximum, through calendar year 2029. The Company has received comments from the SEC and is preparing responses to the same.

During the month of October 2024, the Company raised $1,200,000 in working capital in connection with sales of its Series C Preferred Stock at a price of $0.30 per share.