Genesis Electronics Group, Inc. (OTCMKTS: GEGI) is rocketing up the charts on its way to easily top $1 million in dollar volume on the day and break out into copperland as the stock is under heavy accumulation and at the top of most otc traders watch lists. We first reported on GEGI in June when the stock was around $0.003 and it has rocketed up northbound since. 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 Artificial intelligence AI, autonomous vehicles, and security. All this comes after the Company cleared up a dispute with a former debtor of the Company which was preventing them from issuing any new shares and moving forward with their business plan. Also 89 million restricted shares have just been added to the OS suggesting there could be a significant acquisition in the works.
Genesis Electronics Group, Inc. has been busy on twitter in recent days stating in August: We are excited to see pink current. It’s going to be a busy week. We have a narrow focus. Look for news to come. GEGI was able to secure two former consultants from KPMG and PWC to help advise and ensure GEGI is compliant with the markets. Their willingness to take stock is good evidence they believe in what we are putting together. More to come! The depth of this impactful movement we are a part of is gaining speed. It will move like a freight train. We are seeing it now as GEGI shares trade daily. Offers for funding and strategic partner’s come to me regularly. I can accredit shareholders for much of this. Thank you. Currently we are waiting on certain processes the will protect us and will ensure our partnerships with the elite will stick way into the future of Genises. Progress is being made; our focus is clear. I hope everyone has a fabulous weekend. Happy Saturday to the $GEGI team/shareholders. Moving forward, I will be speaking to you directly. We are very excited with all the developments taking place on our end. We look forward to sharing it with you all soon. Hope everyone has a good weekend.
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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.”
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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.
On June 22 GEGI announced It has signed an agreement to add 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.
Braden Jones, GEGI CEO stated at the time: “We are beyond thrilled to be able to add Kevin Damoa as a strategic advisor to Genesis Electronics Group. That someone of his caliber, expertise and experience sees the vision of what we are trying to accomplish and is willing to help us get there is huge! Kevin has so many skills that are critical in helping startups accelerate their path to success. His deep connections in the industry will be helpful in identifying companies to acquire, merge with or that has technology that can be licensed. Once that occurs, he will be extremely helpful in helping us build those businesses. The electric/autonomous industry is still relatively new and talent is expensive. It would cost us a lot of money to individually hire experts in each of the areas Kevin has experience with. We are very fortunate that he has accepted the role as strategic advisor.”
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Currently trading at a $14.5 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 AI, autonomous vehicles, and security. All this comes after the Company cleared up a dispute with a former debtor of the Company which was preventing them from issuing any new shares and moving forward with their business plan. 89 million restricted shares have just been added to the OS suggesting there could be a significant acquisition in the works. GEGI recently brought on 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 to help management execute on its new business plan. Microcapdaily first covered GEGI in June when the stock was around $0.003 and we will be covering GEGI so make sure you subscribe to Microcapdaily right now so you don’t miss it.
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Disclosure: we hold no position in GEGI either long or short and we have not been compensated for this article.