Genesis Electronics Group, Inc. (OTCMKTS: GEGI) is continuing higher in recent trading rocketing over 52 wee highs and well into copperland as this autonomous EV reverse merger runner gains traction. We first reported on GEGI in June when the stock was around $0.003 and it has quadrupled since then and looks like it’s just getting started. Earlier this year GEGI recently completed a change of control whereby the Company created 1,000 shares of Series A Preferred stock and issued the shares to Braden Jones, the new CEO giving him 51% of the total voting power of the Company’s common shareholders. The Series A Preferred stock is not convertible into shares of common stock. Currently GEGI is on a blue sky breakout having surpassed all recent highs.
Reverse merger stocks can be more explosive than biotech’s when the incoming Company has real value but is undiscovered to investors and we have covered many on the website that have gone from pennies to dollars. Two recent RM runners that stand out are TSNP which went from sub pennies (where we first wrote about it) to over $6 per share. The other is HRBR which went from a few cents (where we first wrote about it) to $3 plus. There are a lot of exciting things happening at GEGI including the new business plan and website suggesting the Company is moving into the booming Artificial intelligence AI, autonomous vehicles space. GEGI has also been beefing up its BOD bringing on Aviation & Aerospace veteran Kevin Damoa and autonomous EV industry veteran Kasey Evans who is a board member at Einride, trading at a $1.2 billion market valuation and leading the autonomous EV space.
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Genesis Electronics Group, Inc. (OTCMKTS: GEGI) is assembling a team of autonomous experts to identify companies and/or technologies that can be acquired and applied to specific industries that are ripe for disruption. There is a lot happening with GEGI, the Company recently launched a new website (https://www.genesis-electronics.com/) That it will continue to evolve as its vision narrows within this industry. In addition, the Company has established a formal corporate Twitter account to better communicate with its shareholders and the public. That Twitter handle is: @GenesisElectro4. Genesis plans to file all of its required disclosures as soon as the OTC Markets completes their change of control process and allows access to the OTCiq system. At that time management anticipates all yield signs to be removed and for the Company to be current again.
Following a debt restructuring as well as resolving a dispute with a former debtor of the Company leaving GEGI in position where it can now use its stock to look for exciting and new business ventures, Katharina Nanny Bahnsen announced her resignation as Chairwoman, CEO, and was replaced by incoming CEO Braden Jones.
In May Genesis launched a new business plan focusing on acquisitions or license agreements with autonomous technology companies. The Company plans to focus on identifying companies and/or technologies in industries such as transportation, security, flight, and artificial intelligence where autonomous technologies will be an explosive accelerator to new business growth. New CEO Braden Jones said at the time: “I am very excited to finally be able to reveal the new focus for Genesis Electronics Group. Since I was appointed as CEO of the Company, there were a lot of corporate housekeeping items that needed to take place so that we can move forward with our business plan. The settlement with the past judgement holder was extremely valuable as it freed up the Company to actively grow the business and provide greater shareholder value. We have been working very hard to refine our business plan and we believe that focusing on autonomous technologies will bring the greatest value to our shareholders. Autonomous technology has rapidly advanced over the past 10 years and there are so many industries that can be disrupted if these technologies were applied to them. We are assembling a highly-qualified team of advisors and partners that are making introductions to companies that could be good candidates for acquisition or licensing agreements. Their expertise and guidance have been extremely valuable thus far. We look forward to formalizing our relationships with these individuals and the Company and making these announcements in the near future, so their value can be felt by our shareholders.
According to Genesis new website: AUTONOMOUS TRANSPORTATION – The transportation industry is ripe for disruption. While many companies focus on autonomous cars and trucks, there is untapped potential where autonomous solutions can solve many logistics and transportation problems.
AUTONOMOUS SECURITY – Autonomous solutions can drastically reduce costs and add much needed technology and support to current security solutions. Adding autonomous solutions to existing teams can increase efficiencies, decrease costs and save lives.
ARTIFICIAL INTELLIGENCE – Autonomous solutions are only as good as the software and artificial intelligence behind the hardware. We are looking for tested and proven machine learning and artificial intelligence autonomous software that can be licensed or purchased to be leveraged in many applications.
In preparation for a merger opportunity that we have identified, $GEGI will be increasing the number of our authorized shares within the next two weeks.
CEO Braden Jones
— Genesis Electronics Group, Inc. (@GenesisElectro4) August 24, 2022
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GEGI has been beefing up its BOD; in June GEGI added Kevin Damoa as a strategic advisor to the Board. Mr. Damoa is an experienced Operations Professional and military veteran with a demonstrated history of working in the Aviation & Aerospace, Electrification, E-Mobility, and Defense industries. Mr. Damoa has held critical leadership positions at early start ups and well-established corporations. His history includes Flight Module Logistics Management at SpaceX, Integration Project Manager at Northrop Grumann, Vice President at Romeo Power Technology, Vice President at XOS Trucks, Logistics & Safety Director at Canoo, and VP of Operations at Serial 1 Cycle Company. Mr. Damoa is skilled in Operations Management, Program/Project Management, Compliance Engineering , Logistics Operations, Team Building, Organizational Leadership, and Mechanical/Structural Design.
On August 29 GEGI announced that it has formally added Kasey Evans as a strategic advisor to the Board of the Company. Genesis Electronics Group ($GEGI) continues to add impressive advisors with unparalleled resumes in the autonomous industry. Mr Evans has worked closely with successful industry-leading companies such as XOS Trucks, Einride, Serial 1, and Vanderhall. Mr. Evans’ experience originally comes from the trucking and transportation industry where he held leadership roles at PACCAR, Pilot Thomas Logistics, and Autocar Trucks. He has worked with various venture capital firms and has become a seasoned investor in some of the hottest mobility innovation companies. Mr. Evans is an expert in rapid and sustainable growth. He is a dynamic and innovative leader experienced in sales, business development, negotiations, mergers & acquisitions, finance, asset management, expense reduction, and general management.
Braden Jones, CEO stated: “We are so grateful and excited to have Kasey join our team as a strategic advisor. It is similar to a sports team; we understand the value of each player and seek for the very best to fill each position on the team. Kasey has connections across the globe, but more important is his ability to achieve goals which is evident throughout his work history. Kasey will be vital in the next steps of our business plan. We have a narrow focus and we hope to release a more detailed road map soon. We are continually inspired by the support and confidence of our shareholders.”
$GEGI The autonomous EV industry is just getting started… Einride is leading the way. Kasey Evans in addition to being a board member at Einride has a personal investment as well.
Disruptive EV tech is worth billions…Einride has a valuation of $1.2B
— Deep Blue (@DeepBlueEquity) August 30, 2022
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Currently trading at a $19 million market valuation GEGI OS is 1,879,282,011 shares including the added 89 million restricted shares with just 307,072,424 shares in the float. GEGI does carry some debt on the books but not much at just under $2 million. GEGI is an exciting story developing in small caps, priced cheap with plenty of room for growth the stock is now running northbound on a blue sky breakout having eclipsed $0.0068 previous highs. There are a lot of exciting things happening at GEGI including the new CEO, business plan and website suggesting the Company is moving into the booming AI, autonomous vehicles space. GEGI has also been beefing up its BOD bringing on Aviation & Aerospace veteran Kevin Damoa and autonomous EV industry veteran Kasey Evans who is a board member at Einride, trading at a $1.2 billion market valuation and leading the autonomous EV space. Microcapdaily first covered GEGI in June when the stock was around $0.003 per share and we will be covering GEGI so make sure you subscribe to Microcapdaily right now.
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Disclosure: we hold no position in GEGI either long or short and we have not been compensated for this article.