On a day when StockMister’s pumping of W&E Source Corp (WESC) appeared to take the top spot for the best performing penny stock, right on its tail was GEI Global Energy Corp. (GEIG) which actually looks like the lesser of two evils moving towards Thursday. Both WESC stock and GEIG stock gapped considerably at the open, but with the typical spike and pullback that Mister’s picks have been prone to do, news of a JV partnership with the Italian firm Associazione Italiana per lo Sviluppo Economico (AISVEC) helped the fuel cell electric power generation company push through the early morning dip. Although a red flag of sorts is clearly visible from the recent 8K filed by the Company, the chances of seeing the momentum continue looks to be inevitable.
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GEIG Stock Quote
Market Cap: 2.49M
Last: 0.051 ▲ +0.042 (+466.67%)
Volume: 4,264,116
Dollar Volume: $98,985
Open: 0.015
High: 0.051
Low: 0.0098
Trades: 195
14-Day RSI: 30.78%
1st Resistance Point: 0.0647
1st Support Level: 0.0235
52Wk High: 302.00
52Wk Low: 0.0016
Last week, news surfaced of the plans Harley Davidson Inc. (HOG) and Yamaha Motor Co. Ltd. (YAMHF) are both preparing to introduce motorcycles that sound like a jet engine, go from zero to 60 in four seconds, and use 220 VAC for fuel. This catalyst, along with the recent run from Plug Power Inc. (PLUG),$1.55 at the start of the year to $11.72 in early March, and Tesla Motors, Inc. (TSLA), $136 as of the 2nd week of January, have any company dealing with “fuel cells” on the radar screens for the next big winner in the market.
About a month ago, GEI Global Energy announced that their founder and CEO, Dr. K. J. Berry, P.E., along with Kettering University researchers Dr. Susanta K. Das and Jayesh Kavathe, received a U.S. patent (US 8,623,565 Jan. 2014) entitled: “Assembly of bifurcation and trifurcation bipolar plate to design fuel cell stack”. The news was made public with stats claiming that the fuel cell markets will grow from an estimated $629.8 million in 2013 to $2.5 billion by 2018, with a CAGR of 32.2% from 2013 to 2018 (Markets and Markets, Dallas, TX).
The news did little to help GEIG stock move out of its own way with volume not even able to surpass 1,000,000 on the session and that’s factoring in the 1-for-200 reverse split from December, 2013 and a stated float of just 19,119,891 as of February 28. There surely must have been some distraught share recipients when you see that at the start of the year, GEI Global issued 230,000 shares of GEIG stock for conversion of debt and accrued interest of $35,000 (0.15 per share), 1,700,000 shares for partial conversion of debt of $50,000 (0.029 per share), and another 45,557,999 for management, consulting and marketing services.
The pattern of shares being issued looks to be a continued one based on the companies recent amendment to their articles and bylaws whereby they recently approved to increase their authorized shares from 800,000,000 to 5,000,000,000. This will be a necessary evil if GEI Global is going to get the $472,500 worth of notes payable off of their books that they had as of March 31, 2014 and somehow be able to finance their $3,633,585 worth of operating expenses they managed to book during Q1, 2014 without having any revenues yet to speak of.
The news today does offer a glimmer of optimism in that the partnership will focus on the Italian market and later on Europe, the Balkans and CIS countries, addressing the 3000 public authorities and private companies connected to AISVEC. With the planet salivating for affordable, plentiful, and clean energy, targeting the Europeans who are focused solely on getting their summer tans and watching Germany and Holland represent them in Brazil, GEIG stock banged one in at precisely the right time for the breakout they’re currently on.
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About GEIG Stock
GEI Global Energy Corp. is a development stage company who’s principal business activity is the construction and sale of fuel cell auxiliary electric power generation systems for residential, commercial, military, and industrial electric applications.
Click here to view the SEC filings for GEIG.
Click here to view the website for GEI Global Energy.
Authorized: 5,000,000,000
Issued and Outstanding: 48,864,970
Last 4 Trading Sessions:
| Date | Open | High | Low | Last | Change | % Chg | Volume |
| 07/08/14 | 0.0082 | 0.0090 | 0.0068 | 0.0090 | unch | unch | 289,200 |
| 07/07/14 | 0.0097 | 0.0097 | 0.0090 | 0.0090 | -0.0007 | -7.22% | 30,300 |
| 07/03/14 | 0.0097 | 0.0097 | 0.0097 | 0.0097 | unch | unch | 1,000 |
| 07/02/14 | 0.0097 | 0.0097 | 0.0097 | 0.0097 | unch | unch | 1,500 |
Bottom Line:
In comparison of the two, WESC stock gapped up from 0.025 at the open, 85.6%, versus the 66.67% that GEIG gapped up. With WESC having been a non-compensated play to attract attention for a penny stock dumpfest due to come, the minimal amount of cash that was used to propel GEIG indicates that further awareness alerts are sure to follow, thus making it the lesser of two evils heading into Thursday.
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