So they plan to obtain a market evaluation of 4 billion U.S dollars with 200 million shares at $20 a share or more
They've listed partners and clients such as:
Exon Mobile, Shell, GM, FIAT, OPEL, DELTA, JPMORGAN CHASE, Bridge Investment Group, Bank of America, Canadian Energy Center
They filed the name change yesterday (Saturday) with FINRA or it was posted Saturday at least...
They've posted 100s in millions of revenue over the course of the past few years on their website.
https://www.gencapresources.com/future-road-map "We are always looking ahead and believe that the future holds promises of even greater growth. Genesis Capital Resources is working towards an Initial Public Offering (IPO), with the view of switching the company’s listing from OTC Board to New York-based NASDAQ Board. We officially initiated our IPO campaign in 2022. We are working with Connor Group and expect to officially submit an IPO on NASDAQ in 2024, with an expected initial stock price of USD5.00."
"During this two-year-long IPO campaign, we will pay out dividends to all Genesis Capital Resources shareholders. These will be set aside from our business profits from a variety of sources: Oil futures trading, Oil refinery services and the sale of carbon credits. Apart from shareholders’ dividends, a portion of the proceeds will go to GCR Reserved Fund, to be deployed for expenses incurred the IPO Campaign."
"Shareholders will be free to sell their shares after our listing is completed on NASDAQ or, if they prefer, receive a proportional share of GCR’s NASDAQ stocks. Meanwhile, all stockholders will be able to download their share certificates on our platform."
"At Genesis Capital Resources, we are excited about our journey ahead. The renewable energy industry is set to grow and we are poised to be a market leader in this space. Join us as we list on NASDAQ Board and create a cleaner, more sustainable future together with us."
Seems like they only have 100 million shares Authorized.... and Float was under 12 million when GNS took over majority ownership.... I guess the got control of the 100 million shares for a Steal and a half considering the 52 week low is .0070... you could buy all the shares for under 1 million dollars at that range... LOL....
If they plan to release a total of 200 Million Shares to market, this would mean the need another 100 million added to the Authorized Shares.... so will OTC traders run this up to $10? And force a share split of 2:1? Or will it run organically based on upcoming updates?
I'm very excited to have found this for sure... TOO BAD i didn't find it last week LOL.... At this point, I just don't know whether to remain excited and BUY BUY BUY or stay Vigilant and expect dips...
The Website seems good, their Board looks stacked, the CEO is a Harvard and Stanford grad... Their roadmap and backstory seems believable enough, you don't want to get sued listing these big names as partners or clients if you're running a Pump & Dump.... And they have given mention to big partners and clients on the web site.
This week and month will be Bullish for OTC and NASDAQ, but it can be particularly insanely growth filled for a handful of tickers as always... This board is shy of 300 posts in total... so it is only just catching on... Twitter showing 5-10 likes for all those which are posting. Friday this thing broke ground, some have been quietly loading, that is for sure. Better we keep it quiet for another few days LOL... i have a project to complete this week and getting a nice payout, id love to be able to throw 20k into this one if it is as some of us see, a rare Unicorn, a bottomed out, Undervalued MOOOOOOOON SHOT of an OTC ticker to financial security in a recession... lol
Imho of course, not financial advice by any means!
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