TheFirm
3 weeks ago
I call BS. on Richard. This is not a REAL reciever. They would NOT give him updates in a phone call. All updates would go to the judge who would them disclose them. A receiver still has an obligation to the courts. IMO.... GTII will just voluntarily withdraw and close the stock down. Its the smart move ,why? think about it: You have Ham, Ferrand,Ace, Hummingbird, Knot Legal and dozens more screaming "There is a 300 million NSS"!!....so they simply say we got World wide Wes to investigate it but nothing happened. We bought companies, but it didn't work out because of this or that, Our financials were late because SEC threw out our PCAOB auditors and we had to be late thus delisted. Thank you very much for the millions. Lets all retire. Plus receiver will not get paid...how can he get paid? we dont really know if they have any $$ in their accounts because really the Audits for last few years might be fraudulent as well...so how will he be compensated? stock? good luck selling it! Knot is wasting your time now just to get hits because its over... they have had no revenues (ZERO!) in at least 3 years. what company will file a 15c on a shell risk with no revenues and bad financials off the grey market? As always, i will be 100% correct.
Hummingbird2
2 months ago
Global Tech Industries Group, Inc. returns AI Commerce stock back to the Company Treasury
August 19, 2024 11:50 ET
New York, NY, Aug. 19, 2024 (GLOBE NEWSWIRE) -- (GTII: OTC) Global Tech Industries Group, Inc. (“GTII” or “The Company”), www.gtii-us.com, announced today that the AI Commerce Group (“AI”), an acquisition target that entered into a Membership Interest Purchase Agreement (“MIPA”) with the Company in August of 2023 has not fulfilled its promised deliverables, and is in breach of the agreement. Therefore, in accordance with the terms of the Escrow Agreement entered into by the parties on August 18, 2023, which held twenty million (20,000,000) shares of the Company’s common stock to be dispersed to the members of AI upon their successful fulfillment of the agreement, the Company has instructed the Escrow Agent to return the twenty million (20,000,000) shares of GTII common stock back to the Company treasury.
As such the transaction, having been breached by AI, is terminated. The AI Commerce Group no longer has any potential interest in the GTII Common Stock under the agreements.
GTII: GTII is a publicly traded Company incorporated in the state of Nevada, specializing in the pursuit of acquiring new and innovative technologies. Visit GTII here https://gtii-us.com/
Safe Harbor Forward-Looking Statements:
This press release may contain forward looking statements that are based on current expectations, forecasts, and assumptions that involve risks as well as uncertainties that could cause actual outcomes and results to differ materially from those anticipated or expected, including statements related to the amount and timing of expected revenues related to our financial performance, expected income, distributions, and future growth for upcoming quarterly and annual periods. These risks and uncertainties are further defined in filings and reports by the Company with the U.S. Securities and Exchange Commission (SEC). Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors detailed from time to time in our filings with the SEC. Among other matters, the Company may not be able to sustain growth or achieve profitability based upon many factors including but not limited to the risk that we will not be able to find and acquire businesses and assets that will enable us to become profitable. Reference is hereby made to cautionary statements set forth in the Company’s most recent SEC filings. We have incurred and will continue to incur significant expenses in our development stage, noting that there is no assurance that we will generate enough revenues to offset those costs in both the near and long term. New lines of business may expose us to additional legal and regulatory costs and unknown exposure(s), the impact of which cannot be predicted at this time.
Words such as “estimate,” “project,” “predict,” “will,” “would,” “should,” “could,” “may,” “might,” “anticipate,” “plan,” “intend,” “believe,” “expect,” “aim,” “goal,” “target,” “objective,” “likely” or similar expressions that convey the prospective nature of events or outcomes generally indicate forward-looking statements. You should not place undue reliance on these forward-looking statements, which speak only as of this press release. Unless legally required, we undertake no obligation to update, modify or withdraw any forward-looking statements, because of new information, future events or otherwise.
Global Tech Industries Group, Inc.
511 Sixth Avenue, Suite 800
New York, NY 10011
Info@gtii-us.com
https://www.globenewswire.com/news-release/2024/08/19/2932289/0/en/Global-Tech-Industries-Group-Inc-returns-AI-Commerce-stock-back-to-the-Company-Treasury.html