Newly activated, the penny stock GEI Global Energy Corp. (GEIG) looked like it was going to come down today to a level which would be more enticing for a play. Under the guidance of Dr. K. Joel Berry, Chairman, Chief Executive Officer and Director of the “emerging growth company,” optimism is oozing from every orifice of GEIG stock. Hoping to get their X5 Smart Adaptable Fuel Cell Auxiliary Power Unit commercialized at some point in 2014, investors are curious as to whether there is some real fuel behind this alternative energy company, or if it is all just wind?
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GEIG Stock Quote
Market Cap: N/A
Last: 0.60 ▼ -0.05 (-7.69%)
Dollar Volume: $31,487
52Wk High: 1.51
52Wk Low: 0.14
Issued and Outstanding: 40,000,000 (est)
Dr. K. Joel Berry: 15,000,000
Imperial Riviera Inc.: 6,425,892
14-Day Rel Strength: 55.27%
1st Resistance Point: 0.7133
1st Support Level: 0.4733
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Scanning across the feeds, GEI Global Energy Corp. and their founder, Dr. K. J. Berry, Chairman and CEO of the company, have been making headlines for awhile now out of their Flint, Michigan base. Featured on a local interview in their neck of the woods some 3 years ago or so, the company’s virtually DIY fuel cell could have the capabilities of turning human waste into a renewable energy source – a method which not many other alternative energy producers have hung their hat on.
Dr. Berry himself, 52, has been around for quite some time in the industry having served as the Professor of Mechanical Engineering for over 26 years at Kettering University, and the former Head of Mechanical Engineering for 17 years. With some twisting and turning, Dr. Berry, with some assistance, was able to raise over $10 million in funding for Kettering’s Center for Fuel Cell Systems Engineering’s research initiatives – a highlight which is a main feature on the Company’s website.
So what GEIG stock is going to be fueled by is the Company’s X5 Smart Adaptable Fuel Cell Auxiliary Power Unit. The “GEI X5” is a “hybrid” fuel cell auxiliary power unit that is said to incorporate a high temperature polymer electrolyte membrane fuel cell and a high-energy density Nickel Metal Hydride battery.
The Company’s GEI X5 appears to be a garage built product from the looks of what you see on their youtube uploads. However, the target is for the hybrid fuel cell power systems to be adapted to meet the power requirements for any application. Designed primarily to run on natural gas, look for PR to come forth detailing some form of large scale operation whereby natural gas, mainly hydrogen, can be converted to electricity and fed into the X5 grid immediately.
Worth noting is that upon the completion of the acquisition, $119,929.51 in notes payable held by 5 different note-holders, $35,985 of which was previously held by Matt Reams, former President and Director of Suja Minerals Corp., was converted into 19,987,142 shares of now GEIG stock. With a cost basis of $0.006, let’s just assume that there is gonna be some more action taking place on GEIG in the very near future.
About GEIG Stock
GEI Global Energy Corp. is a development stage company that designs, develops and manufactures fuel cell systems.
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Thee is no question that fuel cells will be the mainframe of industry and a major source of residential power in years to come, but it may be too early be going that long when it comes to GEIG. On the other hand, GEIG stock appears to be structured small enough that could fore itself onto the list of penny stock alerts due to hit inboxes in October. Before that occurs, the 10-Q, which is late, needs to be filed so that a better understanding as to how much stock is out there can be determined.
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