Skynet11
2 weeks ago
Yep. When you really start to look and analyze these so called 'leaders' (their linkedin page, work history, education, etc.) You'll see trends are either warning signs (or not). The more I learned about Damoa, Just a lot of pomp and no circumstance. No true business substance. An entrepreneur vagabond shadowing as a business CEO, etc. I started selling and moving funds elsewhere. I also believed that the tech wasn't going to address their power needs sufficiently. Also I think the Biden administration's all in model of non fossil renewal energy sources and battery power only is asinine. Right now its not cost effective. Just ask Rivian...ugly vehicles aside. While it was a cool video on the GLID site, it just isn't reality. I think combustion engines are still going to be here for years to come with regards to moving large weight shipping. As for this truck stop, it's truly hilarious. Again, my only hope is that someone with any business sense, integrity and not a 'Nigerian prince' will resurrect the shell in some viable reverse merger or acquisition through a legitimate business that is already generating revenue. Here's to finding another 'Celsius'.
The Cheap Investor
2 weeks ago
So the new CEO buys GEGI for $1,000. The second thing he does is hire the former owner of the truck stop as VP. Now according to your excellent DD, the truck stop owner filed bankruptcy in 2020 and has lawsuits against him. Why would a CEO with 23 years in finance hire this man as VP in charge of acquisitions with his poor track record? I believe if you were CEO, with all the negativity surrounding GEGI, you would put out a shareholder letter explaining your actions, and your vision for the future. Thank you for reading this.
The Cheap Investor
2 weeks ago
I am not that smart, so let me ask you a few simple questions, which I hope you can answer. The old CEO raved about the Guild technology, but yet he was unable to raise any funds to move the technology along faster. I am sure there are many companies that would've advanced him the millions of dollars needed to advance the technology if they were offered a share of the profits. The old CEO sold GEGI to the new CEO for a thousand dollars. If there is all this money floating around, why would he sell GEGI so cheap? The owner of the truck stop, who is now the VP of GEGI, sold the truck stop lock stock and barrel for a paltry $17,500. You can't buy half a hot dog stand for $17,500, but yet the VP claimed the truck stop did $11 million in revenue. Why did he sell so cheap if the $11 million in revenue is true and if the new CEO showed shareholders verifiable evidence that the $11 million dollars was a true figure, I'm sure myself and many other investors, would go crazy buying stock at these low prices. GEGI is a publicly traded company so there is absolutely no reason why they should not be willing to show us verifiable financials. I'm sure if you or I were going to buy a business, we would ask for three years of tax returns, and also invoices from companies that we purchased products for for our business. The thing that really bugs me is why would the VP have sold the truck stop so cheap? As you can see from the photos I posted earlier, the property and contents are probably worth millions of dollars. Can you please answer this for me because nobody else seems to be able to.
The Cheap Investor
3 weeks ago
https://nicelocal.com/texas/autoservice/235_travel_stop_truck_center/
Look at these eight photos. When you look at these eight photos, what do you place the value of this truck stop at? To me, the property, the equipment, and the land included, would preclude at least a $500,000 bid to buy the property. Yet the owner of the truck stop sold it lock stock and barrel for $17,500. I think he did it because the new CEO is in a position to acquire more truck stops across the nation. If that is not the case, can you please tell me why he sold the truck stop for such a cheap price?
The Cheap Investor
3 weeks ago
The new CEO has only been in charge for about a month. I say let's get him another sixty days to see if he comes out with news that would change your opinion. As I said before, if GEGI fails, it will not be because of the color of his skin, but because of his lack of integrity. Please answer one question for me: how does the VP benefit when he sold his truck stop to the CEO for $17,500? Now he is VP in charge of operations to purchase more truck stops across the country. Is the VP so ignorant that he would sell his truck stop for a paltry $17,500 to become VP of a sinking ship? To me that simply makes no sense.
beer$$money
4 weeks ago
$GEGI SECURITY DETAILS 03/01/2024
Outstanding Shares 2,721,600,221
Restricted 1,171,968,434 03/01/2024
Unrestricted 1,549,631,787 03/01/2024
Restricted Shares added 582,824,466
Outstanding Shares 2,138,775,755 01/29/2024
Restricted 589,143,968 01/29/2024
Unrestricted 1,549,631,787 01/29/2024
Outstanding Shares 2,138,775,755 01/16/2024
Restricted 589,143,968 01/16/2024
Unrestricted 1,549,631,787 01/16/2024
Outstanding Shares 2,138,775,755 12/18/2023
Restricted 589,143,968 12/18/2023
Unrestricted 1,549,631,787 12/18/2023
Outstanding Shares 2,138,775,755 12/04/2023
Restricted 589,143,968 12/04/2023
Unrestricted 1,549,631,787 12/04/2023