Genesis Worldwide Inc (fka GWOW)

[investwise4858]

Spoke to atty handling tail end of GWOW bankruptcy filed in 2001, dismissal finally coming for case very soon.

Yes, there is interest in the shell remaining, he would not tell me who was interested or go into any detail.

It is notable that National City Bank (Ohio) did indeed sell thier 5% interest (about 198k) at the end of '06 and filed that sale with the SEC in Feb 07.

Interestingly, the shares did not show up in the volume pre or post transaction date reported to the SEC, one can only surmise that they were sold to a private party in a off market transaction, that in itself is eye opening. I have a call into National City legal department to see If I am lucky enough to glean out anything from them on that filing and attempt to determine to whom the shares were sold.

The atty also advised that the former officers and directors owned nearly the entire outstanding shares save a few, that would account for the volatility in this issue, I would guess the float to be 500k at most.

This one may get real interesting here folks, good luck and health to all.