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Were truckers now lol
That’s nice but glid divested themselves from gegi and went private
GEGI > GEGI), the maker of the autonomous road-to-rail patent-pending shipping technology, Glid, commented today that the recent ban that California regulators made on April 28, 2023 on sales of new diesel big rigs by 2036, and the requirement that all trucks be zero-emissions by 2042 will put great pressure on the market to find solutions that don’t compromise the amount of weight that can be carried and revenue that can be generated.
Currently, manufacturers have not identified a commercially viable way to provide sufficient battery range that trucks require on a daily basis without compromising the amount of cargo that can be hauled based on state, municipal, county, and federal regulations regarding their Gross Vehicle Weight Rating (GVWR). Glid autonomous vehicles are perfectly situated to solve these problems.
Glid’s focus is to enable the transportation of freight from road to rail autonomously and as simply as possible. The Company’s patent-pending technology will pick up a fully-loaded semi-trailer from a private property, access the rails and travel to the desired destination, where it will then egress from the rail onto another private property. Once on the property, trucks will pick up the trailers and carry the cargo the final mile.
The goal is to remove as much freight as possible from roads and highways, thus reducing carbon emissions, enabling for a more cost, process, and energy efficient transport, while making roads safer.
Glid vehicles, when fully loaded with a semi-trailer, will be able to carry 3-4 times the amount of weight as an average semi-trailer. What this means is that Glid vehicles can add more weight past the 80,000 lb gross weight limit for tractor-trailers because these vehicles will only go from private property to rail to private property. This additional weight can come in the form of additionally electrified capacity, which will increase the range these vehicles can travel.
I don't think they are going to do anything. They probably have no money for all the fees
And file the damn financials
What’s interesting is when GLID and GEGI
leaders fucked Shareholders and went private, loyal companies aligned with them. They show this as GENESIS ELECTRONICS. Are we changing names or what? Something fishy is going on. This so called new leader Travis T Taylor needs to get in gear and address shareholders and change the otc profile page and get some momentum going
https://loyalcompanies.com/
Look all the way down to portfolio
Yep, on a huge dollar volume of 700. 😀
That didn’t make sense. Trying to say why make a guy like zubarsky and his gas station that has multiple lawsuits your VP?
Doesn’t make sense
Why the help would ya make a guy who has a lawsuit every year against the company you want to buy it seems
Yep... me too... I think this dude doesn't know how to run a business, especially with the lawsuits from his other Enterprises.
For a new ceo taking over you would think he would answer a fucking email lol
I think this guy and fifth wheel have to many lawsuits against him.
I figured they would have filed after today’s market close after some if us sold.
But they didn’t
I expect it will more in the next few days
Strange the price hasn’t dumped doing defunct
This guy has a ton of people suing him
I ran across this too yesterday that got me thinking what is going on.
https://trellis.law/case/c24-00829/california-fuel-supply-inc-vs-steven-zabarsky
and
https://trellis.law/case/24cecg00634/bonfare-markets-inc-vs-steven-zabarsky
Yeah, I know... There is still 11 million on the bid... unless someone knows something, we don't. I can't see how anyone would buy now....
I was wondering who was buying all the shares too. I thought it was someone here.
Wonder who is buying all these shares
yep thought new management would be different but same ole looks like they never cared.
I just sold my last shares
They have done nothing to get current. No news either. No Attorney Letter with Respect to Current Information.
I took my losses and sold before it goes to expert market. If they file I will look to get back in 30 days from now.
They haven’t updated X, linkdln or otc site
I agree. They have done nothing since taking over
I don’t see anything happening tbh
15 days***** May 15th deadline**** Definitely sell if nothing happens in the next few days
Entered a grace period now before expert market
they need to file here or will go to em, guess the new management is no difference, same ole
Very nice find oldstocks.
Law speaking of Law the Attorney and board member of Genesis Electronics Group, Inc. is the Attorney to file the Attorney Letter with Respect to Current Information
These board members are probably working to file the Annual Report 12/31/2024 and the Attorney Letter with Respect to Current Information.
These are the listed board members.
Travis T. Taylor, CEO and Chairman of the Board
Steven G. Zabarsky, Senior Vice President of Acquisitions and Board Member
Eric Newlan, Vice President, General Counsel and Board Member
Note: Let this sink in Eric Newlan is the Attorney that filed the last Attorney Letter with Respect to Current Information
They are most likely working on getting the yield sign removed.
Something tells me different I think GEGI is about to breakout. The daily chart looks really good right now.
On January 5th, the new CEO purchased GEGI for $1,000 from the old CEO. On January 27th, the new CEO issued a statement that their business plan was to purchase a number of truck stops over the next two years that would have an evaluation of $100 million. We are seeing no interest in GEGI because the former CEO built up investors expectations and then gave shareholders the middle finger. You would think the new CEO, with 23 years of financial experience, would see the former CEO destroyed shareholder confidence and would give us some new information to renew shareholder confidence. Personally I will not buy or sell another share until I see some proven evidence that the company is on track fulfilling the CEO's promises. Penny stock CEOs are at the bottom of the barrel and the only reason we invest in penny stocks is because of the one in a million chance that the CEO has integrity and will fulfill his promises. Good luck to all of us. We may need it.
I haven't even seen a business plan from the new ceo...I'm not sure there even is one at this point
We may never get a spike
I hate to say it gents but you win some and you lose some...more so losing on the OTC. This is one of them unfortunately.
I and we got a lot invested here. I am upset that the filings have not been filed.
No Nt late filing.
We got the yield sign up.
Incompetent for not keeping us updated and incompetent for not filling
I hope they get them trucks in gear and file to run down that yield sign!
Thank you. You always do great due diligence, but I am completely confused now. According to the article, the VP of GEGI, who was at that time the owner of the truck stop with two other individuals, invested $2 million to buy the truck stop, and then spent $175,000 to upgrade the property. Coming to the present, the former owner who is now the VP, sells everything to the new CEO for $17,500. If the property was valued at $6.5 million a few years ago, what is its value now? Why would he sell so cheap and why would the new CEO who has had 23 years of financial experience and run his own company, want to invest in this truck stop? Now the CEO says he wants the portfolio of truck stops to be valued at $100 million in two years, but yet he has done nothing to attract investor interest. It has been over three months since he took over the company and we had one PR on January 27th outlining his plans for the future. I think shareholders would really appreciate an update what's going on these past three months. If you are a private owner of a company then you have no responsibility to tell anyone your business, but being a publicly traded company after three months you should have the decency to let investors know what is happening.
Nope still waiting 🤪
Is there anything new here with takeover??
The Glid-related business was divested by the Company which cancelled $2 million in debt and all outstanding Series C Preferred Stock cancellation,
the additional $575,000 in debt-to-equity conversions and Series D Preferred Stock purchases by members of new management.
About Genesis Electronics Group, Inc.
With the recent change in control and acquisition of 235 Travel Stop, the Company has shifted its business focus towards becoming a leading energy company, with a particular focus on becoming a leading renewable energy technology company. Business opportunities adjacent to its core business, including within the transportation and logistics industry, represent an important part of the Companys future. The Companys new direction will serve managements vision of building a generational company based on its people.
GEGI Announces Control Change, Business Acquisition, Divestiture, Debt Cancellations and New Management, Affirms More Diverse Business Strategies
Kevin Damoa resigned as the Sole Director and Officer
Travis T. Taylor has acquired voting control of the Company. In conjunction with this change in control, the Company acquired 235 Travel Stop, Inc., d/b/a Fifth Wheel Truck Stop. (Fifth Wheel), a Fresno, California, retail truck stop with annual revenues in excess of $11 million, divested itself of its Glid-related assets, which cancelled $2 million in debt and all shares of Series C Preferred Stock, completed an additional $575,000 in debt-to-equity conversions, and installed new management.
235 Travel Stop, Inc. d/b/a Fifth Wheel Truck Stop
3767 S Golden State Blvd, Fresno, California 93725
Management needs to get their act into gear and File to get current!
Grace Period
Securities enter a Grace Period when OTC Markets Group is no longer able to confirm that the issuer’s disclosure is current and publicly available as required under Rule 15c2-11. When a security enters a Grace Period, it can continue to be publicly quoted for 15 days. At the end of the 15-day Grace Period, if the required disclosure is not available, the security will move to the Expert Market for unsolicited quoting only, unless OTC Markets Group determines another exception under Rule 15c2-11 applies, such as the Large Company/ADTV exception.
Dark or Defunct
Companies that may not be able or willing to provide disclosure to the public markets - either to a regulator, an exchange or OTC Markets Group.
Phone: 559-485-0701
Travis T. Taylor CEO and Chairman of the Board
Steven Zabarsky Senior Vice President of Acquisitions
Eric Newlan Vice President, General Counsel and Board Member
For news and updates, shareholders, prospective investors, and prospective business partners are encouraged to follow the Company on X: @GenesisElectro4
https://twitter.com/genesiselectro4
Travis T. Taylor, stated, Our team is extremely excited to embark on the journey ahead. The acquisition of the Fifth Wheel asset is the first of many anticipated acquisitions of similar assets across the country, which effort will be spearheaded initially by our Senior Vice President of Acquisitions, Steven Zabarsky. We believe these efforts will open up opportunities for us to add wholesale and retail assets in the renewable energy and emerging renewable technology markets. Mr. Taylor continued, From my experience in the finance industry, I believe that we have an ability to bring other cash-flow positive businesses within multiple target industry segments into the company, to grow our business organically and to achieve cash flow to the bottom line with every deal. We have a 2026 target of $100 million in company revenues, and we are committed to getting there and growing into our cap structure.
Prior management determined it to be in the best interests of the Companys shareholders to bring a more broad-based, yet dynamic, business opportunity into the Company, along with a new highly-focused management group.Salt Lake City, UT 84101
26 S Rio Grande St #2072,
Salt Lake City, UT 84101
PUBLISH DATE | TITLE | PERIOD END DATE | STATUS |
---|---|---|---|
11/20/2023 | Quarterly Report - GEGI 9-30-23 Quarterly Report | 09/30/2023 | A |
11/14/2023 | Notification of Late Filing - Notification of Late Filing for period ending 9/30/23 | 09/30/2023 | A |
10/13/2023 | Quarterly Report - Amended-3 June 30, 2023 Quarterly Report | 06/30/2023 | A |
10/12/2023 | Quarterly Report - Amended 6/30/23 Quarterly Report | 06/30/2023 | A |
10/06/2023 | Quarterly Report - Amended 6/30/2023 Quarterly Report | 09/30/2023 | A |
09/28/2023 | Quarterly Report - GEGI Quarterly Report for June 30, 2023 | 06/30/2023 | A |
05/30/2023 | Quarterly Report - Amended 3/31/23 Quarterly Report | 03/31/2023 | A |
05/16/2023 | Quarterly Report - March 31, 2023 Quarterly Report | 03/31/2023 | A |
05/15/2023 | Notification of Late Filing - Notice of Late Filing for March 31, 2023 Report | 03/31/2023 | A |
04/28/2023 | Attorney Letter with Respect to Current Information - Attorney Letter with Respect to Current Information | 12/31/2022 | A |
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