Techroemancer
5日前
GEVI claims to uplist to NYSE, can’t even make that sh%$ up. Such a scam !
The Company has incurred losses since inception and has a net loss of - $5,082,352 on $738,729 of gross revenues (Q 1 was $433k so last 2 Qs under 150k gross?)) for the nine months ended September 30, 2024, and has a working capital deficiency of - $1,002,764 as of September 30, 2024. In addition, the Company has been dependent on related parties to fund operations and has an amount owing to related parties of - $1,255,572 outstanding at September 30, 2024. These conditions raise substantial doubt about the Company’s ability to continue as a going concern within one year after the date that the consolidated financial statements are issued.
NO MENTION OF AN UPLIST? Or reverse split? S1 filed in disclosures doesn’t show any concrete numbers ? WHAT has been “filed”? Another false claim?
Note 12 – Subsequent Events
Management evaluated all additional events through the date the consolidated financial statements were available to be issued. Based upon this review, the Company did not identify any material subsequent events that would have required adjustment or disclosure in the consolidated financial statements.
The Company filed with the Securities and Exchange Commission (“SEC”) a prospectus on Form S-1 with the objective, when effective, of raising up to $15,000,000 to fund the Company’s working capital and operating capital needs for, at a minimum, calendar year 2025, and at maximum, through calendar year 2029. The Company has received comments from the SEC and is preparing responses to the same.
During the month of October 2024, the Company raised $1,200,000 in working capital in connection with sales of its Series C Preferred Stock at a price of $0.30 per share.
Techroemancer
5日前
GEVI CAN NOT sustain their business model as if they can’t sell stock they would be bankrupt, CONBOY did same thing at ECOB
RALSTON needs to take this scam to a next level or risks losing his $1.3m….the uplist is NYSE is BS as we know BUT something is in the works and Ralston/Conboy are NOT looking out for any shareholders that’s a FACT !
DILUTION IS THE SOLUTION at moment !!
TRUTH IS ALL IN FINANCIALS
Note 12 – Subsequent Events
Management evaluated all additional events through the date the consolidated financial statements were available to be issued. Based upon this review, the Company did not identify any material subsequent events that would have required adjustment or disclosure in the consolidated financial statements.
The Company filed with the Securities and Exchange Commission (“SEC”) a prospectus on Form S-1 ???????? with the objective, when effective, of raising up to $15,000,000 to fund the Company’s (3,500,000 OFFERING SO THAT’S AT $ .23 SHARE) working capital and operating capital needs for, at a minimum, calendar year 2025, and at maximum, through calendar year 2029. The Company has received comments from the SEC and is preparing responses to the same.
During the month of October 2024, the Company raised $1,200,000 in working capital in connection with sales of its Series C Preferred Stock at a price of $0.30 per share.
Future Capital Requirements
Our current available cash and cash equivalents are insufficient to satisfy our liquidity requirements. Our capital requirements for the fiscal year ending December 31, 2024, will depend on numerous factors, including management’s evaluation of the timing of projects to pursue. Subject to our ability to generate revenues and cash flow from operations and our ability to raise additional capital (including through possible joint ventures or partnerships), we expect to incur substantial expenditures to carry out our business plan, as well as costs associated with our capital raising efforts and being a public company.
Cash Flows from Financing Activities
For the nine months ended September 30, 2024, net cash provided by financing activities consisted of $165,000 proceed from issuance Series C Preferred Stock, $1.0 million from convertible promissory notes and warrants,
Cash Flows from Financing Activities
For the nine months ended September 30, 2024, net cash provided by financing activities consisted of $165,000 proceed from issuance Series C Preferred Stock, $1.0 million from convertible promissory notes and warrants, $57,000 deferred offering cost payment and $60,000 repayment of loan - related party.
Our plans to finance our operations include seeking equity and debt financing, alliances or other partnership agreements, or other business transactions that would generate sufficient resources to ensure the continuation of our operations.
The sale of additional equity or debt securities may result in further dilution to our stockholders. If we raise additional funds through the issuance of debt securities or preferred stock, these securities could have rights senior to those of our Common Stock and could contain covenants that would restrict our operations. Any such required additional capital may not be available on reasonable terms, if at all. If we were unable to obtain additional financing, we may be required to reduce the scope of, delay or eliminate some or all of our planned activities and limit our operations, which could have a material adverse effect on our business, financial condition, and operations results.
Techroemancer
5日前
GEVI has ONLY 4 customers and Q1 only did GROSS revs of $400k and last 2 Qs tad over $100k gross revenue per Q, Lost 5 million and NOW GEVI as per S1 statement and what was stated in the recent Q subsequent events we can do the math and that GEVI is planning to sell their Offering of 3,500,000 to raise $15,000,000 so that is $ .23 price per share
They have been dumping Pfd C shares and subscriptions previously at .20 pps and LAST MONTH raised $1,200,000 at $ .30 pps
While this provides short-term liquidity, it underscores an inability to sustain operations with existing cash flow.
NEW shareholders are being deceived who buy in open market.
PRELIMINARY PROSPECTUS, SUBJECT TO COMPLETION, DATED OCTOBER _____, 2024
This is a firm commitment public offering of General Enterprise Ventures, Inc., a Wyoming corporation (the “Company,” “GEVI,” “we,” “us,” or “our”). We are offering 3,500,000 shares of Common Stock, par value $0.0001 (the “Common Stock”), at an assumed initial offering price of $[•]per share of Common Stock, which is based on the last reported sales price of our Common Stock of $[•] on October _____, 2024
The Company filed with the Securities and Exchange Commission (“SEC”) a prospectus on Form S-1 with the objective, when effective, of raising up to $15,000,000 to fund the Company’s working capital and operating capital needs for, at a minimum, calendar year 2025, and at maximum, through calendar year 2029. The Company has received comments from the SEC and is preparing responses to the same.
Techroemancer
5日前
HOW can GEVI claim in financials to file an S1 with SEC but not disclose anything to shareholders of the details
SEC needs to shut this scam down !!!
Note 12 – Subsequent Events
The Company filed with the Securities and Exchange Commission (“SEC”) a prospectus on Form S-1 with the objective, when effective, of raising up to $15,000,000 to fund the Company’s working capital and operating capital needs for, at a minimum, calendar year 2025, and at maximum, through calendar year 2029. The Company has received comments from the SEC and is preparing responses to the same.
If a company claims in their financials that they have submitted an S-1 prospectus to the SEC, but the disclosure shows it as incomplete, this could be considered misleading or false information.
The SEC requires that all necessary details be included in the S-1 filing for it to be considered complete and valid. If the filing is incomplete, the SEC will typically return it and request the missing information before it can be accepted
https://www.otcmarkets.com/filing/html?id=17892025&guid=qJY-kFjFUjHvJth
NOT to mention all the FALSE info on their web site , they claim all these distribution and still show UK company which was dissolved 6 months ago ! blatant mis information to shareholders !
Techroemancer
6日前
GEVI claims to uplist to NYSE, can’t even make that sh%$ up. Such a scam !
The Company has incurred losses since inception and has a net loss of - $5,082,352 on $738,729 of gross revenues (Q 1 was $433k so last 2 Qs under 150k gross?)) for the nine months ended September 30, 2024, and has a working capital deficiency of - $1,002,764 as of September 30, 2024. In addition, the Company has been dependent on related parties to fund operations and has an amount owing to related parties of - $1,255,572 outstanding at September 30, 2024. These conditions raise substantial doubt about the Company’s ability to continue as a going concern within one year after the date that the consolidated financial statements are issued.
NO MENTION OF AN UPLIST? Or reverse split? S1 filed in disclosures doesn’t show any concrete numbers ? WHAT has been “filed”? Another false claim?
Note 12 – Subsequent Events
Management evaluated all additional events through the date the consolidated financial statements were available to be issued. Based upon this review, the Company did not identify any material subsequent events that would have required adjustment or disclosure in the consolidated financial statements.
The Company filed with the Securities and Exchange Commission (“SEC”) a prospectus on Form S-1 with the objective, when effective, of raising up to $15,000,000 to fund the Company’s working capital and operating capital needs for, at a minimum, calendar year 2025, and at maximum, through calendar year 2029. The Company has received comments from the SEC and is preparing responses to the same.
During the month of October 2024, the Company raised $1,200,000 in working capital in connection with sales of its Series C Preferred Stock at a price of $0.30 per share.
Techroemancer
6日前
HOW can GEVI claim in financials to file an S1 with SEC but not disclose anything to shareholders of the details
SEC needs to shut this scam down !!!
Note 12 – Subsequent Events
The Company filed with the Securities and Exchange Commission (“SEC”) a prospectus on Form S-1 with the objective, when effective, of raising up to $15,000,000 to fund the Company’s working capital and operating capital needs for, at a minimum, calendar year 2025, and at maximum, through calendar year 2029. The Company has received comments from the SEC and is preparing responses to the same.
If a company claims in their financials that they have submitted an S-1 prospectus to the SEC, but the disclosure shows it as incomplete, this could be considered misleading or false information.
The SEC requires that all necessary details be included in the S-1 filing for it to be considered complete and valid. If the filing is incomplete, the SEC will typically return it and request the missing information before it can be accepted
https://www.otcmarkets.com/filing/html?id=17892025&guid=qJY-kFjFUjHvJth
NOT to mention all the FALSE info on their web site , they claim all these distribution and still show UK company which was dissolved 6 months ago ! blatant mis information to shareholders !
Techroemancer
7日前
HOW can GEVI claim in financials to file an S1 with SEC but not disclose anything to shareholders of the details
SEC needs to shut this scam down !!!
Note 12 – Subsequent Events
The Company filed with the Securities and Exchange Commission (“SEC”) a prospectus on Form S-1 with the objective, when effective, of raising up to $15,000,000 to fund the Company’s working capital and operating capital needs for, at a minimum, calendar year 2025, and at maximum, through calendar year 2029. The Company has received comments from the SEC and is preparing responses to the same.
If a company claims in their financials that they have submitted an S-1 prospectus to the SEC, but the disclosure shows it as incomplete, this could be considered misleading or false information.
The SEC requires that all necessary details be included in the S-1 filing for it to be considered complete and valid. If the filing is incomplete, the SEC will typically return it and request the missing information before it can be accepted
https://www.otcmarkets.com/filing/html?id=17892025&guid=qJY-kFjFUjHvJth
NOT to mention all the FALSE info on their web site , they claim all these distribution and still show UK company which was dissolved 6 months ago ! blatant mis information to shareholders !
Techroemancer
7日前
GEVI CAN NOT sustain their business model as if they can’t sell stock they would be bankrupt, CONBOY did same thing at ECOB
RALSTON needs to take this scam to a next level or risks losing his $1.3m….the uplist is NYSE is BS as we know BUT something is in the works and Ralston/Conboy are NOT looking out for any shareholders that’s a FACT !
DILUTION IS THE SOLUTION at moment !!
TRUTH IS ALL IN FINANCIALS
Note 12 – Subsequent Events
Management evaluated all additional events through the date the consolidated financial statements were available to be issued. Based upon this review, the Company did not identify any material subsequent events that would have required adjustment or disclosure in the consolidated financial statements.
The Company filed with the Securities and Exchange Commission (“SEC”) a prospectus on Form S-1 ???????? with the objective, when effective, of raising up to $15,000,000 to fund the Company’s (3,500,000 OFFERING SO THAT’S AT $ .23 SHARE) working capital and operating capital needs for, at a minimum, calendar year 2025, and at maximum, through calendar year 2029. The Company has received comments from the SEC and is preparing responses to the same.
During the month of October 2024, the Company raised $1,200,000 in working capital in connection with sales of its Series C Preferred Stock at a price of $0.30 per share.
Future Capital Requirements
Our current available cash and cash equivalents are insufficient to satisfy our liquidity requirements. Our capital requirements for the fiscal year ending December 31, 2024, will depend on numerous factors, including management’s evaluation of the timing of projects to pursue. Subject to our ability to generate revenues and cash flow from operations and our ability to raise additional capital (including through possible joint ventures or partnerships), we expect to incur substantial expenditures to carry out our business plan, as well as costs associated with our capital raising efforts and being a public company.
Cash Flows from Financing Activities
For the nine months ended September 30, 2024, net cash provided by financing activities consisted of $165,000 proceed from issuance Series C Preferred Stock, $1.0 million from convertible promissory notes and warrants,
Cash Flows from Financing Activities
For the nine months ended September 30, 2024, net cash provided by financing activities consisted of $165,000 proceed from issuance Series C Preferred Stock, $1.0 million from convertible promissory notes and warrants, $57,000 deferred offering cost payment and $60,000 repayment of loan - related party.
Our plans to finance our operations include seeking equity and debt financing, alliances or other partnership agreements, or other business transactions that would generate sufficient resources to ensure the continuation of our operations.
The sale of additional equity or debt securities may result in further dilution to our stockholders. If we raise additional funds through the issuance of debt securities or preferred stock, these securities could have rights senior to those of our Common Stock and could contain covenants that would restrict our operations. Any such required additional capital may not be available on reasonable terms, if at all. If we were unable to obtain additional financing, we may be required to reduce the scope of, delay or eliminate some or all of our planned activities and limit our operations, which could have a material adverse effect on our business, financial condition, and operations results.
Techroemancer
7日前
GEVI claims to uplist to NYSE, can’t even make that sh%$ up. Such a scam !
The Company has incurred losses since inception and has a net loss of - $5,082,352 on $738,729 of gross revenues (Q 1 was $433k so last 2 Qs under 150k gross?)) for the nine months ended September 30, 2024, and has a working capital deficiency of - $1,002,764 as of September 30, 2024. In addition, the Company has been dependent on related parties to fund operations and has an amount owing to related parties of - $1,255,572 outstanding at September 30, 2024. These conditions raise substantial doubt about the Company’s ability to continue as a going concern within one year after the date that the consolidated financial statements are issued.
NO MENTION OF AN UPLIST? Or reverse split? S1 filed in disclosures doesn’t show any concrete numbers ? WHAT has been “filed”? Another false claim?
Note 12 – Subsequent Events
Management evaluated all additional events through the date the consolidated financial statements were available to be issued. Based upon this review, the Company did not identify any material subsequent events that would have required adjustment or disclosure in the consolidated financial statements.
The Company filed with the Securities and Exchange Commission (“SEC”) a prospectus on Form S-1 with the objective, when effective, of raising up to $15,000,000 to fund the Company’s working capital and operating capital needs for, at a minimum, calendar year 2025, and at maximum, through calendar year 2029. The Company has received comments from the SEC and is preparing responses to the same.
During the month of October 2024, the Company raised $1,200,000 in working capital in connection with sales of its Series C Preferred Stock at a price of $0.30 per share.
Techroemancer
7日前
GEVI has ONLY 4 customers and Q1 only did GROSS revs of $400k and last 2 Qs tad over $100k gross revenue per Q, Lost 5 million and NOW GEVI as per S1 statement and what was stated in the recent Q subsequent events we can do the math and that GEVI is planning to sell their Offering of 3,500,000 to raise $15,000,000 so that is $ .23 price per share
They have been dumping Pfd C shares and subscriptions previously at .20 pps and LAST MONTH raised $1,200,000 at $ .30 pps
While this provides short-term liquidity, it underscores an inability to sustain operations with existing cash flow.
NEW shareholders are being deceived who buy in open market.
PRELIMINARY PROSPECTUS, SUBJECT TO COMPLETION, DATED OCTOBER _____, 2024
This is a firm commitment public offering of General Enterprise Ventures, Inc., a Wyoming corporation (the “Company,” “GEVI,” “we,” “us,” or “our”). We are offering 3,500,000 shares of Common Stock, par value $0.0001 (the “Common Stock”), at an assumed initial offering price of $[•]per share of Common Stock, which is based on the last reported sales price of our Common Stock of $[•] on October _____, 2024
The Company filed with the Securities and Exchange Commission (“SEC”) a prospectus on Form S-1 with the objective, when effective, of raising up to $15,000,000 to fund the Company’s working capital and operating capital needs for, at a minimum, calendar year 2025, and at maximum, through calendar year 2029. The Company has received comments from the SEC and is preparing responses to the same.
CONBOY will make this bankrupt company #2
Techroemancer
1週前
GEVI has ONLY 4 customers and Q1 only did GROSS revs of $400k and last 2 Qs tad over $100k gross revenue per Q, Lost 5 million and NOW GEVI as per S1 statement and what was stated in the recent Q subsequent events we can do the math and that GEVI is planning to sell their Offering of 3,500,000 to raise $15,000,000 so that is $ .23 price per share
They have been dumping Pfd C shares and subscriptions previously at .20 pps and LAST MONTH raised $1,200,000 at $ .30 pps
While this provides short-term liquidity, it underscores an inability to sustain operations with existing cash flow.
NEW shareholders are being deceived who buy in open market.
PRELIMINARY PROSPECTUS, SUBJECT TO COMPLETION, DATED OCTOBER _____, 2024
This is a firm commitment public offering of General Enterprise Ventures, Inc., a Wyoming corporation (the “Company,” “GEVI,” “we,” “us,” or “our”). We are offering 3,500,000 shares of Common Stock, par value $0.0001 (the “Common Stock”), at an assumed initial offering price of $[•]per share of Common Stock, which is based on the last reported sales price of our Common Stock of $[•] on October _____, 2024
The Company filed with the Securities and Exchange Commission (“SEC”) a prospectus on Form S-1 with the objective, when effective, of raising up to $15,000,000 to fund the Company’s working capital and operating capital needs for, at a minimum, calendar year 2025, and at maximum, through calendar year 2029. The Company has received comments from the SEC and is preparing responses to the same.
CONBOY will make this bankrupt company #2
Techroemancer
2週前
GEVI claims to uplist to NYSE, can’t even make that sh%$ up. Such a scam !
The Company has incurred losses since inception and has a net loss of - $5,082,352 on $738,729 of gross revenues (Q 1 was $433k so last 2 Qs under 150k gross?)) for the nine months ended September 30, 2024, and has a working capital deficiency of - $1,002,764 as of September 30, 2024. In addition, the Company has been dependent on related parties to fund operations and has an amount owing to related parties of - $1,255,572 outstanding at September 30, 2024. These conditions raise substantial doubt about the Company’s ability to continue as a going concern within one year after the date that the consolidated financial statements are issued.
NO MENTION OF AN UPLIST? Or reverse split? S1 filed in disclosures doesn’t show any concrete numbers ? WHAT has been “filed”? Another false claim?
Note 12 – Subsequent Events
Management evaluated all additional events through the date the consolidated financial statements were available to be issued. Based upon this review, the Company did not identify any material subsequent events that would have required adjustment or disclosure in the consolidated financial statements.
The Company filed with the Securities and Exchange Commission (“SEC”) a prospectus on Form S-1 with the objective, when effective, of raising up to $15,000,000 to fund the Company’s working capital and operating capital needs for, at a minimum, calendar year 2025, and at maximum, through calendar year 2029. The Company has received comments from the SEC and is preparing responses to the same.
During the month of October 2024, the Company raised $1,200,000 in working capital in connection with sales of its Series C Preferred Stock at a price of $0.30 per share.
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