This morning it is quite likely that the General Enterprise Ventures Inc (OTCMKTS:GEVI) stock is going to be in focus among investors in light of the latest developments. The company provided a recap with regards to the recent events that had taken place at the company from the fourth fiscal quarter of 2021 through to the first quarter of this year.
The company noted that back on October 17, 2021, the Board of Directors of the company and the majority shareholders had approved the change in name to General Enterprise Ventures from General Environmental Ventures. That was one of the most important events with regards to the company in recent months.
However, in this context, it is perhaps necessary to bear in mind that earlier in the month on April 13 General Enterprise Ventures had managed to complete a crucial acquisition in the form of Mighty Fire Breaker. It could prove to be a significant acquisition for General Enterprise Ventures considering the fact that Mighty Fire Breaker is one of the major innovators and players in the early fire elimination space. In addition to that, the company also leads the industry that is related to the Green Fire Inhibitor space.
The company released the 8K in relation to this acquisition back on April 13. The company will also be a participant at the Grand Opening event of the first-ever World Fire Depot of the Mighty Fire Breaker.
The event is going to take place tomorrow at the Pro Environment Market Place which is located at Rohnert Park in California. It could prove to be an important event and provide a certain boost to General Enterprise Ventures as well. It may now be a good time for investors to consider adding the General Enterprise Ventures stock to their watch lists.
Shares of GEVI soared 10% to $0.24.
