Replies to post #2587 on General Enterprise Ventures Inc (GEVI)

[SYTI]

Interesting comment "$GEVI Debt will never be converted so no worries"

SO the 16 people listed in financials that bought subscriptions(PFD C ) ARE NOT going to want to convert shares so they can get a chance to get their money back ???..THEY ALL just gave their money for no return ?????...WOW !

Their money was used but they get no return on their investments...WHAT A GREAT COMPANY TO BE INVOLVED IN LMFAO

Between September 27, 2023, and February 13, 2024, we issued 471,832 shares of Series C Convertible Preferred Stock. The following table summarizes the offering, including the number of shares sold and the amount raised. The proceeds were used for general working capital and operational purposes, including Legal Fees, Accounting and Audit Fees, testing and certification, and preparation to launch product offerings.

[SYTI]

IF PFD holders WONT CONVERT ?? Wonder if these debts will be converted, apparently people just give company money for free !!! LMFAO
BUT Company gives "related consultants" but NOT those that invest real money...what a great company

As of December 31, 2023, and 2022, the current liabilities consisted of accounts payable and accrued liabilities of $54,572, due to related parties of $1,309,077, promissory note of $120,000, convertible note of $54,000


During the year ended December 31, 2023, the Company issued 1,200,000 shares of Convertible Series C Preferred Stock to a related party for consulting services rendered to the Company from October 2021 through July 2023. The Company valued the 1,200,000 shares of Convertible Preferred Stock, as if converted to 24,000,000 shares of common stock, using the quoted stock price of the Company’s common stock at approval date (November 1, 2022), resulting in a value of $8,640,000.

[SYTI]

Hey, i wonder if the individuals or companies that have LOANED GEVI over $2 million [/b]know they are not getting any conversions ?????? and that company only supports the open market shareholders so they maintain the share structure ... LMFAO !!!!!

I surely would assume they see that company has borrowed over $2m and generated only 384k gross (past 2 years) and spent the money wisely...like $148k on marketing and $180k to CEO compensation and so on...imagine they are lining up to give more...NOT !!!!