02opida
6 days ago
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 donโt 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.
Glidโs focus is to enable the transportation of freight from road to rail autonomously and as simply as possible. The Companyโs 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.
oldstocks
3 weeks ago
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.
The Cheap Investor
3 weeks ago
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.