Kate Bahnsen's face is on the GEGI board. She has been heavily rumored to takeover as President/CEO of GEGI. The fact that the person that is supposed to turn GEGI around has involved QEDN in her personal bankruptcy is highly relevant to GEGI. If a bankruptcy trustee were to sue GEGI (like it did to QEDN) it would drive the stock even lower.
First, GEGI needs to remove itself from Kate, which means remove itself from Ray Purdon. Purdon sent an attorney to represent GEGI in a hearing yesterday in the Lattuca litigation so Purdon is still very much involved with GEGI.
Second, GEGI needs to satisfy the Lattuca judgment so it can actually borrow money, which is needed to do anything.
If the above two things happen and someone competent runs GEGI maybe it can sell a product or service and make a lot of money for its shareholders. As it stands now, it is simply a company with a judgment against and the only two people affiliated with GEGI have lots of legal troubles.
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