Genesis Electronics Group, Inc. (OTCMKTS: GEGI) is making an explosive move up the charts running over 90% on Friday on over $1 million in dollar volume. The move up comes after a long hiatus the Company is back in action starting a twitter account on Thursday promising investors, they will put out official news next week concerning the Company’s present and future business plans.” Since than GEGI has been under heavy accumulation and is gearing up for a big week ahead. Currently trading at a tiny $3 million market valuation GEGI has a lot of room for growth. If GEGI moves over $0.007 this could be a big one.
Penny stocks are once again heating up and making explosive move northbound and we could not be more excited about it. Out of the depths of some of the works’ days in recent stock market history penny stocks suddenly started making parabolic moves. TXTM did a lot to bring back confidence to the OTC. Here’s to GEGI doing the same this coming week and bringing back the days when TSNP went from triple zeroes to $6 plus.
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Genesis Electronics Group, Inc. (OTCMKTS: GEGI) According to the Company’s website: Genesis Electronics Group, Inc. is actively looking for autonomous solutions to license or acquire. We are assembling a team and advisors who are experts in this industry to accomplish our goals. 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 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. 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.
GEGI operated for a number of years as an innovative high-performance pet food manufacturer that plans on updating its business plan and website in the near future. GEGI has created Ambrosia Animals, a pet food line. Ambrosia Animals began working with GMS Green Mind Solutions SAS in Colombia to develop a healthy animal superfood line. They use various Sacha Inchi products like powder and beverage. They also work with various animal rescue organizations to help animals all over Colombia. There are many animals in need of foster homes which is why they took it upon themselves to foster 200+ animals over the last 5 years. Many of which included bottle-fed kittens and puppies, they used Sacha Inchi beverage to help supplement the kitten and puppy formula with omega 3,6,9, and a complete vegan protein with all 9 essential amino acids. One of the issues with normal pet food is that they use unnecessary fillers like wheat which many animals are allergic to which causes them to have allergic reactions like rashes and dry skin. Unfortunately, it also means their owners have to purchase special food for them. Ambrosia-Animals food does not use unnecessary fillers, it is all-natural and healthy, because we want our furry friends to have the best food, we can give them.
The last press release from GEGI was April 11, 2022, when the Company announced that a private investor along with the Company, have negotiated with a former debtor of the Company to settle their dispute with the Company. Under terms that were not disclosed, the private investor was assigned the Judgment from the debtor and successfully received a court order to dissolve the Orders that were preventing the company from issuing shares and moving forward with a solid business plan.
Thanks for everyone's support today. We will put out official news for the company next week. Enjoy your weekend everyone!
— Genesis Electronics Group, Inc. (@GenesisElectro4) June 17, 2022
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“We are so pleased that we were able to bring on new partners who were able to help the Company successfully negotiate this debt so that the Seventh Judicial Circuit Courts of St. Johns, Florida would dissolve the Orders that prohibited us from issuing new shares, which has been holding us back for years,” said Katharina Nanny Bahnsen,
Former CEO of Genesis Electronics Group, Inc. “The dissolution of this court order means that we can now use our stock to look for exciting and new business ventures that can bring greater shareholder value to our shareholders.”
In addition to this debt restructure, Katharina Nanny Bahnsen announced her resignation as Chairwoman, CEO, CFO and any other position of the company, and the Company has appointed Braden Jones as the new Chairman, CEO and CFO of the Company. Mr. Jones has over 15 years of experience in the logistics and transportation industry, recently owning and operating a trucking and transportation company. The Company plans to provide more news to the markets and its Shareholders in the near future regarding an updated business plan it hopes to execute on.
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Currently trading at a $7.3 million market valuation GEGI has 1,789,962,921 shares outstanding with 307,072,424 shares in the float worth $1.2 million. The Company does carry some debt on the books but not much, there is one note payable for $1 million. GEGI is an exciting situation playing out as penny stocks heat up again and start making explosive gains. The Company is back in action starting a twitter account on Thursday promising investors they will put out official news next week concerning the Company’s present and future business plans.” Investors are looking for a break over $0.007 here and then its blue skies ahead into copper land. Microcapdaily 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.