We learned that a complaint has been filed with the SEC about Geni not having money to pay bills and giving inside information that they are “desperately looking for financing“.A European investor relations firm organised a roadshow for Geni last October. El-Batrawi, the CEO, rented a jet for this occasion and took his girlfriend, Canadian TV starlet Laura Harring on the trip, together with Michael Fugler, director , and his personal assistant and fiancé, Claire Ledig.In London El-Batrawi met with the Saudi arms dealer and Geni-investor Adnan Kashoggi (who had spent some time in prison in Switzerland and the US )..After many reminders,delays and lies by El-Batrawi and his CFO Doug Jacobson, not quite half of the outstanding roadshow costs was paid in February, the remainder has still not been paid “ as they are still desparately looking for money…”Conclusion: the management of the company is and has been misleading its shareholders, is dealing with questionable people and is lying, i.e.Geni shares are probably manipulated and certainly overvalued.
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