After the seemingly eternal stock free fall, Genesis Electronics Group,Inc. (PINK:GEGI) is trying a different approach these days. Main key to success here, on both operational level and the stock market, is sales. This year Genesis might be taking the right steps to achieve growth, although obstacles with reporting and limited financial capabilities still burden this young and innovative company. Â 
In fact, the stock had quite a good run yesterday, but the session closed at the same price as it opened – $0.03. Apparently, the paid promotions did their job. Unfortunately, failure to do some financial tasks resulted in the company moving to the pink sheets after Feb. 22nd this year. This is actually a major issue for the company. There is a product at hand, which is good-looking and with a clear target in an industry experiencing booming growth. There are sales channels, which the company seeks ways to expand. Yet, the results so far are not so promising, taking in consideration the financial reports, especially the last 10-Q with a period ending Oct.2010:Â
- current assets of $27k;
- current liabilities of $1.1 million;
- accumulated deficit of $8.5 million;
- sales of $22.3k; [BANNER]
Hardly the numbers shareholders hoped for, but maybe the next SEC filings might be better. Hopefully, the company would no more join lists like the one from Feb. 22nd. As mentioned, several steps have been taken. Genesis is starting an affiliate program, in order to boost the sales, which might be just the right way to do that given the lack of financial might to go with heavy advertisement campaigns. Their products are available for purchase on the website, which is if nothing else, a factor to convince investors that there is, indeed, a product, and this is not just another scam penny stock company.Â
Yet again, it is up to sales and figures. Once the next financial statement comes out, it is likely that the stock would explode. The direction which it would take, however, is still uncertain.
