GBT Technologies Inc (PK) (GTCH) News

OB, sometimes I hate being educated! Thanks a lot! That is a bit of wall street math worth understanding though.

By the way, a subject both of us have discussed is the need for concern for being obsolete. That concern is all about timing - wait too long and somebody builds a better mousetrap. That perspective is also worthy of understanding... Even with cutting-edge technology, GTCH has to find someway to get it in the production stream quickly in order to maximize it potential for generating revenue.

The fear of them not doing so is real and the noose is tightening each day. It looks like there may be too much $$ to invest upfront to reconfigure the manufacturing process to produce GTCH 3-D chips without the assurance of a timely production line and that there will be an adequate market of sales/ROI/profit from their technology.

Must be why they decided to hold off on the reverse split then, JMO.

Bucks: I think the IGOR Note holder periodically takes down conversion shares at a rate just enough to keep him under 5% of O/S (today 5% of O/S is about 750,000,000 shares). He has to dump each such batch of shares, or the majority of them, before he can drawn down the next batch--so as not to offend the 5% ownership cap limit in the IGOR Note (plus he doesn't want to file with the SEC, which you must do once you own 5%). When O/S is climbing quickly, that means retail buyers, or MMs, are buying up IGOR's newly-issued "conversion" shares; when O/S isn't climbing, it means that IGOR hasn't yet been successful in off-loading enough of his most recent, past share draw down. He's got to sell a lot before he can draw down more. That's my read, anyhow.
BTW: as the O/S count grows, so does the number of shares that constitute the 5% cap. So, when the O/S was 5,000,000,000 (not that long ago!), the 5% cap limited the IGOR Note holder to a draw down of just under 250,000,000 shares--which he had to dump before drawing more. With O/S today at around 15,000,000,00, the 5% ownership cap is raised to 750,000,000 shares. So, IGOR can take down and dump more. Really, the only way to thwart the IGOR Note holder is for retail investors, and MMs, to stop buying his dumped shares. But that won't happen. That's why I, for one, would love to see GTCH get some cash and payoff the balance of the IGOR Note. That would end dilution on the spot. There would still be shorting--and, no doubt, naked shorting as well (as you and some others have identified)--but the effects of those things wouldn't be made easier and magnified by periodic, gigantic dilution.

Yeah, thought you might once I had a chance to reread my response. Sort of put my foot in my mouth on that one. Probably should have known better than to get into a discussion on WS math.

It all boils down to an accurate accounting of the 'potential' number of shares that are actually issued having the "potential" of being issued in respect to what they can issue (A/S). The point being, when you discussed the ability of the toxic note holder's ability to dump "new shares", I reflected on what the O/S currently stands at AND that no increase in the O/S is being reported - for some time now.

I remain confused as I suspect it is intended by management. They really do not want their retail share holders to know how bad their accounting practices affects the pps NOW and into the future if the sale actually occurs.

Definitely hit the nail on head !

Bucks: Strongly disagree with you. When GTCH borrows money evidenced by a promissory note that gives the note holder the future option of converting some or all of the debt into shares, the shares are not issued and/or outstanding, nor are they considered outstanding. If they were this would be a share purchase, not a conversion option. The note holder has the right to insist on payment of the debt or, at his option, to exercise a conversion right contained in the note. If the "strike" price of the shares upon conversion varies by the average price of shares over, say the past 10 days before exercise, how would a company know how many shares to issue two years earlier when the money was lent and the promissory note signed?

Now, for accounting purposes, shares the COULD POSSIBLY BE issued in the future under existing convertible notes or stock warrants are added to a mathematical calculation called "fully diluted" shares. Thus, if a company has issued 2,000,000 shares and there exists a theoretical potential (because of a future exercise of existing, contractuau conversion rights or stock warrants) of up to another 3,000,000 shares being issued, a company reports 2,000,000 shares issued and outstanding but 5,000,000 fully-diluted" shares. This is to alert shareholders about what could THEORETICALLY be the amount of shares issued if holders of conversion right actually exercised fully all their options to convert debt (or warrants). Thus, earnings per share are often expressed both as earning against issued/outstanding shares and also as against "fully-diluted" shares. Let's the public know what is and what could be. But this is just a disclosure device.Those extra 3,000,000 shares are definitely not issued or outstanding, nor are they tradeable. Not until the conversion right is actually priced and exercised.

A company will also "reserve" on its books those extra 3,000,000 shares among its treasury shares. It won't issue those extra 3,000,00 shares to others because they have to be available in case the convertible note holder decides to exercise his option to convert debt to equity. But merely reserving treasury shares on your book against the future possibility of a conversion right exercise does not make those shares issued, outstanding or traceable. They are simply treasury shares held in abeyance against a future possibility.

No disagreement there!

So here's the deal... The OTC players are a club of old SEC/ EXECUTIVES that know the game inside and out. When a person/company creates/ builds/ invents something of value it's either promoted or killed by these turd ticklers. The toxic lenders are on the team. It's up to retail... Be it few whales or retail fomo'ers to run a ticker up. MM's will win and play hide and seek other wise. Its just a f'ing game that requires good intuition or timing to win. I believe the tech here has value but it's in jeopardy of being outdated very soon. I ain't going anywhere and am cool with flopping but welcome a big $$$ payday!

GLTA

At this point it's going to be very interesting to see which way they swing.

PH, our only hope for a 'sooner than later' pps rise has to be based on their desire to be bought out. IF that does not occur, then going on their own is going to take a LOT more time before ANY$$ shows up as revenue. Kiss off the rest of 24 if that would be the case.

It's my hope they pursue those military contracts diligently, they have all summer to get it going.

Have to disagree with you on that one OB. GTCH 'issues' the shares designated as convertible shares when they contract with the new holder for cash.

I understand that such a commitment of providing shares to the holder are already accounted for in the O/S. Those shares, while not in the hands of the holder at that time, when the debt amount is transferred to those shares instead, GTCH formally transfers/certifies that those are real shares and the holder can do what he wills...

Porch: I don't think "fake" shares are being issued. Why bother? Real shares, about 500,000,000, are being contractually issued by GTCH every month--for no payment to GTCHG--to the holder of a toxic convertible note who is converting tiny pieces of his debt to equity. He then dumps these shares on the market. Hence the gigantic "ask" numbers. GTCH isn't getting any of the funds from the subsequent sales of these new shares (or fake shares as you call them). Every penny of proceeds is going to the holder of the toxic note (the IGOR Note).

Dang! And here I thought I was the oldest. A pleasure to meet you sir.

I have 22 years on you...

It only took me 30 years of investing to get there. :) I'm 55 years old, so I've taken my lumps. The one constant I had drilled into my head was the 401K - and never to deviate from it. That came from my late father, who basically said something like "If you don't see that money in your account and it goes into your 401K directly, you'll never miss it, and you'll forget about it." If not for him, I doubt I have that egg. When you're young you just want to cut every corner and think you've got tons of time. In some ways you do, but starting early there is absolutely paramount.

msg, it helps to have that kind of wisdom. I still play 'tight' but that type of wisdom is in play, thank goodness. For sure, many retail traders have not gained that wisdom yet.

I guess if you're just buying at trip 1 and don't need the money for a year or two, it's doable, but as you've pointed out, it can get very frustrating. It's another reason you don't bet a fortune on these plays though - you don't want to tie up 30K or more for years, when you could have been earning at least like 4-5% conservatively in CDs at a minimum, or just putting it in your 401K, paying down your house, car, etc. If it's extra fun money ok, but if you need to get it out for other reasons, that's another issue. I'm sure those things happen at times when we see these 50-100 mil blocks go off - might not always be dilution, could just be retail desperate to get the money out for various reasons. Life happens.

Yeah ja, it is amazing how depressing it is for me to post such a prediction - even worse when the next week brings another such comment.

It's like these weeks never end or something. Unreal

Ya know, we have ANOTHER WEEK staring us in the face.

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🚨 $GTCH

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Yes it did, The Shell Risk designation indicates that a company displays characteristics common to Shell Companies. This designation is made at OTC Markets’ sole and absolute discretion based on an analysis of the company’s annual financial data and may differ from issuers’ self-reported shell classifications in their own public filings. Our analysis evaluates asset composition, operational expenditures, and income related metrics. No action is required by a company to perform the evaluation other than publishing current annual financial information.

Did the 10k trigger the OTC to designate GTCH as a Shell Risk? Thoughts?

The federal reserve of the OTC🙄

Things are never easy to understand for your average retail trader. Samsung's 3D NAND memory, which surpasses the 236-layer eighth-generation version by expanding bit density by 50% is a vertical construct not the same, it appears, as the 3D Samsung produces.
"This latest memory product (of Samsung) enhances data input and output speeds by 33% while reducing power consumption by 10%. The rise of generative AI, which demands significant data capacity for machine learning and processing, has fueled the need for greater NAND memory capacity. In response, chipmakers are vying to increase storage capacity by vertically stacking memory storage elements.

Doesn't GTCH's patented process use "surround the chip", 3D... three dimensional, not only vertical?

Over 397.000,000 on the ask, you could buy them all, and they will just print more fake shares.

Number four of the most shorted OTC shares as of yesterday.
Shares are counterfeit and it cost them nothing, and they do not have to cover if you buy them, they just print more fake shares just like the Rothchilds do, its all run by central cabal bankers, they own wall street, rules for you but not for them.
(GTCH)
Naked Short Interest
GTCH
- Short Volume Report (REGSHO)
All RegSho Dated reported by: FINRA
Historical Short Volume Data for GTCH
Date Close High Low Volume Short Volume % of Vol Shorted
Apr 23 NA NA NA 21,903,152 20,103,150 91.78
Apr 22 NA NA NA 5,433,199 3,309,999 60.92
https://www.otcshortreport.com/company/GTCH

I must admit OB that I am in the dark because of the information I do not have to really have a handle on what I submitted as a post. Either way I go, the numbers do not add up. WS math leaves a lot to be desired. How can you learn math when the instructors at the SEC have no clue how it works either.

I don't deny there is naked shorting all over pinky land. BUT ... when you have toxic debt holders that are drawing down a half a billion or more NEW shares each month and immediately dumping them into the market, it must be pitifully easy to cover your short bets with the purchase of these newly-issued shares. You could even time your short bets with a new dump of toxic debt shares if you had the right info, coordinated with MMs, etc. I can't purchase shares below 0.0001--trading platform won't let me. But somebody is purchasing well below 0.0001, orders filled I suspect with sales of newly-issued shares by debt holders who have converted their debt (which they purchased at a very steep discount in the first place). It isn't really a naked short if your broker has shares to "lend" you while you short the stock. And when a half a billion or more NEW shares are being issued to toxic debt holders each month, I suspect that the shares are there to lend to short sellers.

Good Morning Everybody!! 🤗 Its another beautiful day. 💫.
Too much info here for me to fully comprehend...("no compression") as my Mexican employee likes to say when I ask him to do something. lol.
I hope the best for everyone, hopefully one of these days she'll pump. A pumping sticky pink? that could be misconstrued...happy day everybody!

Sorry - have to revert back to talking about my favorite topic - MMs and naked shorting and its impact on the GTCH pps.

While retail share buyers often blame 'shorty' for their willingness to 'buy' contracts with the brokers/MMs in generating naked shorting, I must admit that I am still of the impression that it MIGHT be smoke and mirrors. That is to say that I am not sure some contracts exist at all to cover the full extent of naked shares on the trading floor.

I contend that all trading of naked shares traded during the day may be reported as 'shorting' as reflected in the OTC short report, as a lie. I am willing to place the majority of the existing naked shares squarely on MMs themselves....somehow counting what naked shares THEY possess (generate) and are NOT in the form of an existing contract - therefore NOT subject to the replacement of 'borrowed' rules of an actual contract. NOTHING is borrowed - these naked shares can exist and then NOT EXIST to the whims of the MMs. Cheating at its worst-case scenario as I see it.

Anyone on this GTCH board willing to comment on my "fantasy"?

Well stated OB. The trade environment is NEVER in favor to the retail trader in Pinkyland. In some cases better, some obviously much worse. GTCH is midstream ONLY because of its patents and the potential they hold in generating not only money but also the dramatic impact on the AI/Chip industry as a whole.

Retail traders will NEVER get their fair share of the pie - even though we too (in buying shares) provided GTCH with the majority of working capital. But I do expect something, because of the expected worth of their patents, significantly higher than what the current pps projects.

Losing money with GTCH, unless the retail trader 'got in' at a much higher personal pps than .003, should not occur...just don't expect to get the full higher gain that holding such 'risky' shares SHOULD have brought to you.

MrMyers: Once a small company starts using toxic convertible debt, it is a race against time. I still hold out hope for GTCH—because it has a real product to commercialize. But a lot of time has passed and the toxic debt holder is squeezing very hard. GTCH isn’t selling shares on its own account. It appears not to have received a penny from the 8 Billion plus shares issued in 2023; all those shares went to holders of convertible debt entered into years ago. 2024 is probably the make or break year for GTCH. I’m holding my position. If GTCH could get some cash and pay off its toxic debt, we poor retail holders might catch a break. Big “if,” of course.

32Plus: The holder of the IGOR Note obviously has already sold all the 6 Billion+ issued shares issued to him in FY2023 (crashing the stock price by dilution). Read my earlier posts more closely. He has probably also already sold the 3 or 4 Billion more shares that he has already no doubt received upon conversion of debt in FY2024. And he will continue converting and dumping huge chunks of shares until the balance of GTCH’s 30,000,000,000 authorized shares (probably about 13,000,000,000 today) are also issued to him at rock bottom prices … or until GTCH finds some cash and pays off his uber-toxic convertible note.

sooo...When the IGOR holder sells all his (her) 6 billion shares, will the ask quit getting refreshed and the price finally start to move?

We definitely need to build some sand castles before we vacate the box!

We all know they play on the same team. Shame in order to make profits one has to depend on the naive...but we were all there at some point. The OTC is experiencing a slow death IMO. Just wanting one last hurrah before I vamanos this sandbox.

$$$GCTH$$$

GLTA

Wow! Thanks for your time and response. Very much appreciated! I really wish it was not "a thing" for small cap companies to finance in this way. It ultimately destroys most of them. Their shareholders get the worst end of the deal by far. Then again, I might do the same if I were a small cap CEO and desperately needed to finance ongoing operations.

How true. Likewise go to any state or federal Judicial Conduct Commission or State Bar and see how understaffed with investigators they are... oh yes, they throw the book at one or two for being a drunk and that's about it. Ever wonder why they never SunSet any State Bar? The real game has to be kept under wraps.
And going back to the SEC, just check and see who is the main attorney... she carries her maiden name but is married to a disgraced top investigative agency head.. the one who had the affair with his famous assistant. Yes, insufficient staffing where it matters, and over hiring where it makes no good sense.

Just another example of SEC's inability (due to maintaining insufficient staffing{WS intent}) to enforce much at all. I suspect the note holder is somewhat known at WS and has the clout to ensure his/her presence is covered within the smoke of making $$ on the sly.

MrMyers, in response to your question:

The Law: Section 13(d) of the 1934 securities act, and Reg.13D thereunder, require the beneficial owner of more than 5% of a class of equities (such as common stock) in a public company to file a Form 13D with the SEC with 10 days of crossing the 5% ownership threshold. And most convertible promissory notes (including the IGOR Note) limit the note holder's ability to be the beneficial owner, at any time, of more than 5% of the equity security subject to conversion under the note. If a convertible note holder (or anyone for that matter), becomes beneficial owner of more than 10% of a public company's equity securities, they must file an addition form with the SEC and they automatically become an "insider" of the company for securities regulation purposes. Folks who hold 10% or more of a public company's stock (1) can be made to forfeit to the company "short swing" profits from securities sales {presumed "insider" trading} and (2) are prohibited from engaging in short sales of the subject security.

The holder of the IGOR Note received over 6,000,000,000 shares of common stock in 2023 based on conversion of debt. As there were "only" 10,000,000,000 shares issued at the close of 2023, it means that 60% of the entire outstanding shares of GTCH common stock were issued to the IGOR Note holder in 2023. Yet the IGOR Note holder, from what I can see on SEC Edgar, never filed as a 10% owner of GTCH; in fact, he never filed as a 5% owner. Never.

One possibility is that the nominal IGOR Note holder, who I believe lives in a foreign country, is simply a scofflaw and securities cheat, and that GTCH management has no ability or desire to stop his potentially unlawful activities. Perhaps the IGOR Note holder is a "cut out," fronting for someone else. I'll never know--neither will you. More likely, the IGOR Note holder is just making money, and escapes reporting to the SEC (or violating the 5% ownership cap restriction in the IGOR Note) by serially converting debt at a rate that is under 5%, and then immediately dumping all new shares into the market, and then not coverting debt again until GTCH's loyal retail holders have snapped up all the new shares.

At least 3/4s of the share dilution that occurred in 2023 is a result debt conversion by the IGOR Note holder--and presumed dumping of these shares (since no 5% or 10% ownership forms were ever filed with the SEC).

Hope this answers your question.

SHs obviously know by now that GTCH is highly shorted (naked, no less) but what is the need for MMs to put such a large wall at .0001? Constantly fighting back any buy surge is one thing but displaying a huge wall to begin with...serves what purpose? The O/S remains stable.

That AVAI PR was a mouthful. HUGE in the sense that what it says it CAN DO! I think GTCH may be finally getting some pps strength in having a significant number of AVAI shares...

Should see some AVAI revenue generation starting July.

Thank you for the summary!! I have a question regarding this sentence from the summary:

"So, in 2023, the holder of the IGOR Note received shares equal to 60% of the total O/S of the company, yet apparently never held--at any one time--more than 5% of the company's stock (which would violate the Note terms). "

Here's the question: What is the 5% max holding rule based on? "Approved shares"? The company is worth what the market is willing to pay (i.e., market capital). So, how can a lender own 60% of the stock yet own 5% or less of its value? In the case of the IGOR note, did the lender buy/sell no more than 5% of the company's stock at a time ... repetitively?

Appreciate you.

GTCH still hanging as well,, collecting small hand fulls at a time ,,, ""waiting for it"" MANSOUR still mia ,, should be pr next day or 2 if history repeats and bring in a bid,, i said by tuesday . Fingers crossed............................ GLTA

I'm still here too...I'll keep building toward my 100 million shares goal.

AGREED.

I hardly ever spout facts - I do have strong opinions. While posters have the certain right to express doubt GTCH is the real thing (given the type of 10-Ks they issue, I WILL say I believe wholeheartedly that SHs will do right here. I am convinced that the patents they hold are golden. The fear is truly warranted given the tight hold WS has with their MMs. Naked shorting is far over the line from legitimacy.

Yet, SHAREHOLDERS OWN A PIECE OF THE ROCK. It is highly unlikely GTCH could fold and their golden patents sold off in a fire sale. If money is to be made, SHs share in the proceeds. IF the substance is real (Isay it is), these patents ARE GOLDEN and should provide a significant gain for retail holders.

In the end, we may get the short end of the stick, but our stick will be golden enough to far exceed anyone's holding of a personal pps of .003 or less. Chin up!!

Nicely said, thank you for your input, and I agree with you.