$Rig's Platinum Penny Alerts

[aries4747]

GTXO (.0075): Military contract, ORBC deal combined with 2 short term share lock-ups could lead to a very interesting few weeks for GTX Corp, IMO.

Monday's 8-K 
Item 1.01 Entry into a Material Definitive Agreement.
 
On September 11, 2017, GTX Corp. (the “Company”) entered into a purchase order contract number FA9302-17-P-FO49 with Edwards Air Force Base - AFTC/PZIEA. Pursuant to the purchase order, GTX agreed to provide various supplies, services and the installation of said supplies. In return, GTX is to receive an award of $180,000. The purchase order contract is set to be effective as of September 18, 2017.
 
On September 14, 2017, the Company entered into a Lock-Up Agreement with DiamondRock, LLC (“DiamondRock”) for shares issued pursuant to conversions of existing convertible promissory notes previously issued by the Company to DiamondRock. The Lock-Up Agreement provides DiamondRock with an orderly process for conversion. In consideration for the conversion guidelines, DiamondRock has agreed not to sell any shares acquired from conversion of the outstanding convertible promissory notes until October 14, 2017.

Yesterday's amended 8-K

Item 1.01 Entry into a Material Definitive Agreement.
 
On September 14, 2017, the Company entered into a Lock-Up Agreement with the Special Equities Group, LLC (“SEG”) for shares issued pursuant to conversions of existing convertible promissory notes previously issued by the Company to SEG. The Lock-Up Agreement provides SEG with an orderly process for conversion. In consideration for the conversion guidelines, SEG has agreed not to sell any shares acquired from conversion of the outstanding convertible promissory notes until October 14, 2017. The agreement executed by SEG was identical to the one entered by Diamondrock, as disclosed in the Current Report.


Orbcomm deal includes Verizon network.

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