{"id":6161,"date":"2015-07-04T14:14:01","date_gmt":"2015-07-04T14:14:01","guid":{"rendered":"\/?p=6161"},"modified":"2015-07-04T14:39:23","modified_gmt":"2015-07-04T14:39:23","slug":"genesis-electronics-group-inc-otcmktsgegi-excites-investors-despite-stop-sign","status":"publish","type":"post","link":"\/articles\/genesis-electronics-group-inc-otcmktsgegi-excites-investors-despite-stop-sign\/","title":{"rendered":"Genesis Electronics Group Inc (OTCMKTS:GEGI) Excites Investors Despite Stop Sign"},"content":{"rendered":"\n

Yesterday Genesis Electronics Group Inc (OTCMKTS:GEGI<\/a>) gapped up at the opening bell, soared to incredible intra-day highs, then cooled off significantly and still ended the session a stunning 200% in the green. The reason for the price spike was a news release dropped by the company around the opening bell yesterday.<\/p>\n

GEGI<\/a> announced it entered an agreement for $2.5 million in new financing, to be obtained from a mysterious, unnamed “private individual”. Naturally, the company secured this financing through a convertible note. The conversion provisions and possible discounts associated with it are not mentioned in the press release. With GEGI<\/a> being a pink sheet enterprise, there’s not going to be an 8-K detailing the deal.<\/p>\n

In fact, there are a great many things that are missing about GEGI<\/a>. The company is stamped with the red STOP sign on OTC Markets, is labeled as Dark or Defunct \/ Pink No Information and has not submitted a single report since its quarterly for the three months ended June 2014. In a nutshell, traders have been kept in the dark for about a year now and have no real way to get up-to-date information on the company outside of its own PR.<\/p>\n

What ancient information on GEGI<\/a> is available is far from confidence-inspiring. Here is what GEGI<\/a> last reported as of June 30, 2014:<\/p>\n