GTII - An in depth look at the Global Tech Industries Group Short Squeeze
# An in depth look at the Global Tech Industries Group Short Squeeze
I have posted a number of times before alerting this play, starting at .40 on my twitter and .80 with my first Reddit post in February. I have been watching this play since the beginning of February when it first made its move out of the .10-.12 range.
In the last week, the heat has increased substantially on this play, both from **longs buying**, and *shorts selling*.
**Because of this, I felt it was CRITICAL to explain the situation for anyone who does not understand WHY this specific situation is unique and so important.**
# The Play By Play
I am going to break it down in simple terms, and then follow that up with evidence or explanation of what each thing means. If you take the time to read through this DD in it's entirety, I believe you should be able to have an understanding of what is happening, why it is happening, and what the best course of action is for you.
Let's begin.
# 1. Global Tech Industries Group, Inc inc is an OTC company who takes a loan from Geneva Roth Remark Holdings.
On November 27, 2020, Global Tech Industries Group, Inc. (the “Company”) closed a Securities Purchase Agreement with Geneva Roth Remark Holdings, Inc., (“GRR”) for the purchase by GRR from the Company of a Convertible Promissory Note (“Promissory Note”) in the aggregate principal amount of $74,800.00, which includes an original issue discount of $6,800.00 pursuant to the Securities Purchase Agreement, dated November 27, 2020, as well as the repayment of $3,000.00 in expenses paid by GRR. The funds will be received by the Company on November 30, 2020.
The Promissory Note will bear interest at the rate of 10% per annum and may be converted at any time after 180 days from the issue date of the Note and at a price equal to 75% multiplied by the market price (as defined herein) (as representing a 25% discount). The Promissory Note will have a maturity date of one year from the date of issuance and must be fully converted on or before the maturity date in order to be converted. The Company has the right under the Promissory Note to pay off all or any part of the Promissory Note, including outstanding principal, accrued but unpaid interest, and any other amounts due and payable by the Company under the Note. The Note is prepayable only at specified times, subject to specified limitations, and with an escalating penalty charge or premium.
[https://www.sec.gov/Archives/edgar/data/0000356590/000149315220022657/0001493152-20-022657-index.html](https://www.sec.gov/Archives/edgar/data/0000356590/000149315220022657/0001493152-20-022657-index.html)
# 2. Geneva Roth takes advantage of GTII's need for a loan, and provides a loan that has aggressive terms. Geneva Roth is known for these types of loans.
[Conversion Price for Loan](https://preview.redd.it/yocr7vmqt8q61.png?width=1254&format=png&auto=webp&s=631fe6d7db5374a351f11fc5886ecf6069dbbdde)
***Explanation: If loan is not paid in full by the end of the loan term, Geneva Roth will be able to convert the amount of the loan (with interest) into shares at 75% of the share price (25% discount). The share price is determined as the average price of the 15 days leading up to the conversion date. he lower the share price in the final three weeks, the more shares of the company Geneva Roth will get. When giving out a loan to a company that is convertible, if that company becomes more valuable, but you continuously short it into the dirt, and the company does not successfully pay the loan back in time, you can convert your shares, remove short pressure, and reap massive rewards. If the company does poorly and share price drops you can bank off that. If company goes BK, you bank off that. WIN WIN WIN for Geneva Roth, unless GTII pays back loan in full during loan time frame before conversion.***
# 3. Short volume from entity connected to Geneva Roth comes in with short volume/selling pressure to keep price down, amidst multiple positive PRs.
[GLOBAL TECH INDUSTRIES GROUP, INC. COMMENCES MOVE TO THE OTCQB](https://finance.yahoo.com/news/global-tech-industries-group-inc-143000983.html)
**^(New York, Dec. 16, 2020 (GLOBE NEWSWIRE) --)** ^(Global Tech Industries Group, Inc. (“GTII”), a development stage company focused on acquiring new and/or innovative technologies in diverse industries, today announced that it has begun the process of restoring the Company to the OTCQB, which should occur on or before December 31st, 2020. The OTCQB is an established public market that enables companies to provide current public information that investors need to analyze, value, and trade securities, with greater visibility and transparency.)
[GLOBAL TECH INDUSTRIES GROUP, INC. RETAINS INTERNATIONAL MONETARY FOR INVESTOR RELATIONS, CAPITAL FORMATION, AND OTHER STRATEGIC SERVICES](https://finance.yahoo.com/news/global-tech-industries-group-inc-143000430.html)
**^(New York, Dec. 21, 2020 (GLOBE NEWSWIRE) --)** ^(Global Tech Industries Group, Inc. (“GTII”),) [^(www.gtii-us.com)](https://www.globenewswire.com/Tracker?data=EfQqUI_UPDrJerlUGipH2q4dfaAqbbXkXyQfmNS0WjYoVV1VgZE9cns_lP5WqEuSHc3pQTHFK-pw-TLpGdUQyw==)^(, a development stage company focused on acquiring new and/or innovative technologies in diverse industries, today announced that it has entered into a formal agreement with International Monetary,) [^(www.intlmonetary.com)](https://www.globenewswire.com/Tracker?data=CWTBRXFPkN9v4aKEZ4salUYrm_1s16ihwCMhtUf7slBF4IR3-Md5eSyeyD0jzQ7AXeTnXfNuJTAr5cnxHbia6Cnaqvu4bv9I1f7ZOrxVJ0s=)^(, a merchant bank based in Newport Beach, CA, who will assist GTII in identifying new business prospects and strategic partnerships, as well as source capital so the company can continue to expand.)
[GLOBAL TECH INDUSTRIES GROUP, INC. COMPLETES MOVE TO THE OTCQB](https://finance.yahoo.com/news/global-tech-industries-group-inc-143600681.html)
**^(New York, Jan. 11, 2021 (GLOBE NEWSWIRE) --)** ^(Global Tech Industries Group, Inc. (“GTII” or “Company”), a development stage company, focused on acquiring new and innovative technologies in diverse industries, today announced that the Company has officially been restored to the OTCQB public market, and that as of this morning it will be able to function as such, providing vital current and public information that investors need to analyze, value and trade securities with greater visibility and transparency.)
***Key Date: (February 2) Naked short position is noted by multiple people in online forums and they begin to accumulate. As word spread, volume picks up. Share price begins first climb from .10 to $1+.***
# 4. GTII retires convertible debt so that it can no longer be converted into shares if the loan is not paid off in time.
[GLOBAL TECH INDUSTRIES GROUP, INC. RETIRES GENEVA ROTH REMARK HOLDINGS, INC. CONVERTIBLE DEBT.](https://finance.yahoo.com/news/global-tech-industries-group-inc-200800416.html)
**^(New York, New York, Feb. 26, 2021 (GLOBE NEWSWIRE) -- ()**[**^(GTII)**](https://www.globenewswire.com/Tracker?data=nRFnvjHYPmAtNUg1TUUHU9mB0eTZnXCx_7JjHqJwHl-6x9ljvsRbatxwNya_y_KVwEnqsK2f1gDw3hfVWsH3Or2H8t207hY9WAz8QaQWgRo=)**^(: OTCQB))** ^(Global Tech Industries Group, Inc. (“)[^(GTII)](https://www.globenewswire.com/Tracker?data=VM-nUP6NBYBMnW11V4fRRQEK0Yyz14YKfCMecL5PasqWh_oLwI1rfQ_prZBsfNjDnRMqlKcIOTJ2XEH8MVEmwGMdNGyS8JlSjYwVcPKpyME=)^(” or “Company”),) [^(www.gtii-us.com)](https://www.globenewswire.com/Tracker?data=FL3uVgngY5oRGNDo9fSGYuDsJwU4lY7MDA66KEHpzGKC3zUPd-dxpoYRgYrREv0TS2PVAiMpUxJ0qBp4kGe-Ag==) ^(a development stage company, focused on acquiring new and innovative technologies in diverse industries, after quotation on the OTCQB marketplace, and retaining International Monetary for capital formation and support of its investor relations efforts, today announced that it has retired its convertible debt.)
***Explanation: This was a key moment because the convertible note would have allowed for the illegal short seller to cover their short position, and bank on the difference between shares and their short position. Essentially a hedge that backfired on the naked short position.***
# 5. GTII begins acquiring companies, which is not reflected in price movement as it continues to face heavy illegal short volume.
[GLOBAL TECH INDUSTRIES GROUP, INC., AND GOLD TRANSACTIONS INTERNATIONAL, INC. EXECUTE STOCK PURCHASE AGREEMENT](https://finance.yahoo.com/news/global-tech-industries-group-inc-143000187.html)
**^(New York, New York, March 02, 2021 (GLOBE NEWSWIRE) -- ()**[**^(GTII)**](https://www.globenewswire.com/Tracker?data=AHhWVavWiVNsy5JNnrqK_lOOuNzRWR9zqxyaMHYy_QR4d48fBq3xHoxefsoSuja-Lt8iMe8-SPW4jMdFEcHKS0FQ4bhhYQxEvk44gPnGT3A=)**^(: OTCQB))** ^(Global Tech Industries Group, Inc. (“)[^(GTII)](https://www.globenewswire.com/Tracker?data=JbpfLcm3-GIWatONdB2T-6LKOVaOKFxxRS9i41Aj59S0uD2YLXifnpslAo5ZNV2nCJPzjl6LAQRtHaVb4c61u3hZUMgnhr9oJnNiRUFqONM=)^(” or “The Company”),) [^(www.gtii-us.com)](https://www.globenewswire.com/Tracker?data=V1K52HpaD6wx-Z4rD2KeFEth1OxFkkhU28C9E1eXHHMX2a_dDQJXjbZxQSPejLa9VVefdQoKKBnypbzOdZO6og==)^(,) ^(a Nevada Corporation, focused on acquiring new and innovative technologies in diverse industries, and Gold Transactions International, Inc. (“GTI”), a Utah corporation involved in the business of buying and selling gold on a global basis, executed a stock purchase agreement, hitting the February 28, 2021 deadline established in the Letter of Intent signed between the two companies on February 6, 2021. Gold Transactions International, Inc., with the assistance of a private network, purchases gold from artisan miners throughout the world and transports, assays, refines and sells the gold in the DMCC, a free trade zone in Dubai. This private network of security firms and gold buyers provides GTI with access to small gold operations in the regions within reasonable shipping distance to Dubai. GTI’s private network entities are members of the DMCC, giving them access to multiple refineries and secured gold vaults. The DMCC processes and trades one fourth of the world’s gold supply. See) [^(www.Dmcc.ae)](https://www.globenewswire.com/Tracker?data=1C3Fj2ONdSWUCx_L-FUgdOQJ3PfiP0NoArM46JcInwnfCzN899GwBEFwV1ET9X02jysrhtcQJJi5QaDDB4vogA==) ^(for more information on Dubai’s DMCC free trade zone.)
[GLOBAL TECH INDUSTRIES GROUP, INC., AND JABBER TELECOM, INC. EXECUTE NONBINDING LETTER OF INTENT](https://finance.yahoo.com/news/global-tech-industries-group-inc-193000215.html)
**^(New York, New York, March 08, 2021 (GLOBE NEWSWIRE) -- ()**[**^(GTII)**](https://www.globenewswire.com/Tracker?data=lwkav5dSLSril5Jo-M6uybRKuScOVM2mjjx5dlUvERuNlVhI1BSipGEIdZo5l2tcrPlhPRJ4lUygcQBgyFu4jn74OIIKdSDbnm0AxYy5LBc=)**^(: OTCQB))** ^(Global Tech Industries Group, Inc. (“)[^(GTII)](https://www.globenewswire.com/Tracker?data=6-orIKUed5XvudoucgyIHuC_TNNp37KeEAz_MOeTvwCIkulxgxOveOxneS_jwDKmDTuZITm2df9il8LbZBe6OQcElkzkLOULVHkOCGFoSqU=)^(” or “the Company”),) [^(www.gtii-us.com)](https://www.globenewswire.com/Tracker?data=JWV19iJDn85ge1O6hdQhsSaARCShIoRxOqb5zDsVxAcPgpyRv_iLPFEifQ-FaJ2RDke39LNRc6Bg8ZbxMsbwLw==)^(,) ^(a Nevada Corporation, having determined that the rise of telemedicine during the past twelve months signals its arrival as an emerging industry, and with its focus on acquiring new and innovative technologies in diverse industries, has signed a non-binding Letter of Intent (“LOI”) with Jabber Telecom, Inc. (”JT”),) [^(www.jabbertel.com)](https://www.globenewswire.com/Tracker?data=05_u4vP_MldC_IUR-5Q6J4XJOf7gQ4zwkHeMIqG66gjbjeGfT5DCMt6lEmXFUFuJW3FvDXksQa5NskMd-rsX1Q==) ^(a Florida corporation engaged in the business of providing HIPAA-compliant integrated business applications, telecommunication collaborations, audio and video conferencing, cloud phone systems. A definitive stock purchase agreement and formal closing are expected within the next sixty days.)
***Explanation: For this, it was important to be watching Level 2 data during Feb and March. Regular short sellers want the price to climb high so they can short from the top and make $ on the larger fall. Illegal short positions that are underwater (because they were shorting it at .10-.12 and share price is now above $1, don't want the price to go any higher as it can means millions and millions of dollars lost as it climbs depending on how many FTDs.***
# 6. GTII is aware that illegal shorting/FTDs were utilized by entity to suppress price and announces unprecedented special dividend (warrant) for shareholders (unheard of for OTC).
[GLOBAL TECH INDUSTRIES GROUP, INC. ANNOUNCES AUTHORIZATION BY BOARD OF DIRECTORS TO EVALUATE DIVIDEND CONSISTING OF WARRANTS TO PURCHASE THE COMPANY’S COMMON STOCK](https://finance.yahoo.com/news/global-tech-industries-group-inc-141500336.html)
**^(New York, March 10, 2021 (GLOBE NEWSWIRE) -- ()**[**^(GTII)**](https://www.globenewswire.com/Tracker?data=KcXAxvgD_qGZdlyISFIvskSaIbmrfWCSpTS3-H8d81qd_DpsSkUy0McBrB7p9Mm-wdevzTqnCfgLvX418LZu2G-jm5ToLQlJ2Ylo7BecSz8=)**^(:OTCQB)**^() Global Tech Industries Group, Inc. (“)[^(GTII)](https://www.globenewswire.com/Tracker?data=05pFtJwHaYIhuqHrpDBA3PYtmWs3ef6t9jIy7Ag7E8AfzwN0KTuZfPIljGmjU_y1slkkFH5gSlLCLoOk6IR42_sC8kVRgyIq0o3a77n5owg=)^(” or the “Company”),) [^(www.gtii-us.com)](https://www.globenewswire.com/Tracker?data=ct3_2RYbU-DWAryQlS_VuAnuNKLaoBhUhWI8bJjyaIoBn5P9oVThyXlyG3Vn2RrhUtKSlYKwygU0SM1uXONiXg==) ^(announced today that its Board of Directors has authorized the Company’s Chief Executive Officer to evaluate the feasibility of declaring a dividend (or other distribution) to holders of the Company’s common stock, in the form of warrants to purchase shares of its common stock for cash. The purpose of this corporate action would be to return a portion of the Company’s future value to the stockholders in a manner that gives all stockholders the opportunity to participate in the Company’s potential future growth.)
^(GTII intends to evaluate the feasibility of such a corporate action and report its evaluations back to the Board of Directors, including a proposed structure for the corporate action, as well as a proposed record date, exercise price and terms for a warrant agreement. The final terms of any such corporate action would be subject to the approval of the Board of Directors.)
***Ask yourself? Why would GTII offer a special dividend? Why do no other OTCs have dividends? Is the dividend what is important, or is it the record date that the dividend causes what is important?***
# 9. GTII approves special dividend. Announces April 1 record date, April 8 distribution of warrants.
[GLOBAL TECH INDUSTRIES GROUP, INC. ANNOUNCES APPROVAL BY BOARD OF DIRECTORS TO PROCEED WITH A DIVIDEND CONSISTING OF WARRANTS TO PURCHASE THE COMPANY’S COMMON STOCK](https://finance.yahoo.com/news/global-tech-industries-group-inc-170700232.html)
**^(New York, New York, March 17, 2021 (GLOBE NEWSWIRE) -- (GTII:OTCQB)**^() Global Tech Industries Group, Inc. (“GTII” or the “Company”),) [^(www.gtii-us.com)](https://www.globenewswire.com/Tracker?data=JOA8OeCZS-3XOkxKk_paEurPgAP3I1BN42XPQWNs45ouDEGMDQmOKUuuwZRssh5tM9xSVTh6nJXdrBpjybxtUg==) ^(announced today that its Board of Directors has, having completed their feasibility study, given management approval to commence the process of issuing a warrant in the form of a dividend to its shareholders of record. Management has retained SEC counsel to interface with FINRA to proceed with filing the appropriate documents with the intention of paying such dividend as soon as possible. Details will be announced in the coming weeks.)
^(GTII’s chairman and CEO, David Reichman, stated, “ I am pleased with the manner in which the board undertook this matter. Their professionalism and expeditious approach in reviewing the form of warrant agreement gave us an opportunity to offer a potential reward to our loyal shareholders .”)
[GLOBAL TECH INDUSTRIES GROUP, INC. ANNOUNCES THE OFFERING OF WARRANTS TO PURCHASE THE COMPANY’S COMMON STOCK](https://finance.yahoo.com/news/global-tech-industries-group-inc-125900413.html)
**^(New York, New York, March 22, 2021 (GLOBE NEWSWIRE) -- (GTII: OTCQB) Global Tech Industries Group, Inc.)** ^((“GTII” or the “Company”) announced today that its Board of Directors approved the declaration by management of a Warrant to holders of its common stock to purchase additional shares of stock.)
^(Holders of the Company’s common stock will receive 1/10th of a warrant for each share of common stock held as of the record date, and each warrant will entitle the holder to purchase one share of the Company’s common stock for a purchase price of $2.75 per share. The Company intends to distribute the warrants on or about April 8, 2021 to shareholders of record as of April 1, 2021. The warrants will have a term of two years.)
**^(David Reichman, Chief Executive Officer of GTII)**^(, commented, "The Board recognizes the importance of its shareholders and has declared this warrant in order to return a portion of the Company’s future value to all of our shareholders in a manner that gives them the opportunity to participate in the Company’s potential future growth.”)
^(The Company will also be filing a Current Report on Form 8-K which will contain further details regarding the warrants and the warrant agreement pursuant to which the warrants will be distributed.)
**Explanation:** ***GTII knows that record date requires all long positions to be tallied (when #'s don't match up, this means FTDs). Record date is effectively one of the best/only way to truly expose FTDs to brokerage firms in the OTC market because of lack of regulation. GTII had numerous positive PRs and saw no share price movement due to shorting.***
[WARRANT AGREEMENT, dated March 22, 2021, by and between Global Tech Industries Group, Inc. and Liberty Stock Transfer Agent](https://www.otcmarkets.com/filing/conv_pdf?id=14818395&guid=_VupUp0bwVtEkyh)
# 10. Long volume picks up heavy as word gets around that short will be forced to cover FTDs prior to EOD on April 1, or risk having their illegal shorting practices exposed to brokerage firms.
[GLOBAL TECH INDUSTRIES GROUP, INC. AND BRONX FAMILY EYE CARE, INC. EXECUTE BINDING AGREEMENT](https://finance.yahoo.com/news/global-tech-industries-group-inc-120000427.html)
**^(New York, New York, March 25, 2021 (GLOBE NEWSWIRE) -- ()**[**^(GTII)**](https://www.globenewswire.com/Tracker?data=l2c6BCAeW8IygGr1y9r-Qv4XxtU8g0yxLNCE3NPi4jQ-ZMoTyvUoMdztO9EwZkuruCXkeIvYDc_61wjZR2AqERd99ylrPlpH77_k2yyoh0Q=)**^(: OTCQB))** ^(Global Tech Industries Group, Inc. (“)[^(GTII)](https://www.globenewswire.com/Tracker?data=EfqTDFwO-PNljAOuoC5fcRufElmOow-wnxdgVw5spEJsjglGOEULYEc7WLuh6j-xaxhAdwyU2mysWDIh2ECN3R0dSwVv9jradt84XX7_z6s=)^(” or “The Company”),) [^(www.gtii-us.com)](https://www.globenewswire.com/Tracker?data=uynQbtMjfN-6Q1SVJI9naPz3E_9CQWZs4mwtWzQpTjt7kQctJyqlY8wMXXStmhNSN3vmzt4Fa5DrjdVti2UoAw==)^(,) ^(a Nevada Corporation, signed a binding Letter of Intent (“LOI”) with Bronx Family Eye Care, Inc., a New York corporation engaged in the business of full scope optometry. Through their four locations, three of which are in the Bronx, and one of which is in Manhattan, New York, Bronx Family Eye Care, Inc.’s certified optometrists use cutting-edge equipment to provide diagnosis and treatment for diseases of the eye, as well as corrective eyewear, to residents of the Bronx and Upper Manhattan. Bronx Family Eye Care, Inc. performs edging of lenses in-house, which allows for turnaround times of as little as 24 hours. A definitive stock purchase agreement and formal closing are expected within the next thirty (30) days.)
**^(GTII’s)** **^(Chief Executive Officer)**^(, Mr. David Reichman stated, “We made the decision very quickly that Bronx Family Eye Care, Inc. would be a great fit for our company, as part of our mission is to acquire companies that have interesting and diverse businesses as well as to serve the public interest. The fact that the company is already generating revenue is another tremendous positive for our balance sheet and our plans moving forward.”)
[GLOBAL TECH INDUSTRIES GROUP, INC. AND 40 YEAR ART WORLD VETERAN RONALD CAVALIER SIGN LETTER OF INTENT](https://finance.yahoo.com/news/global-tech-industries-group-inc-143000208.html)
**^(New York, March 26, 2021 (GLOBE NEWSWIRE) -- ()**[**^(GTII)**](https://www.globenewswire.com/Tracker?data=LBgZ0Mtn3MqdUMFhEfln4bSKahmKrlU5yDvtrpaDLxXdIDjv2fwK4Be4jn-NFUQltwuiT-AVEbyaQJ81yHb_NgCK2EfedLrxLQvKsPZE3po=)**^(: OTCQB))** ^(Global Tech Industries Group, Inc. (“)[^(GTII)](https://www.globenewswire.com/Tracker?data=IOgXQKG74bp59I_KLCE2aVbfhbAQ2qngp4KcjFItw-zg0ULSz0f9bYgAn2ykVii6Wn6c5Pi1_ty5v_fk1mRHRt1gKWQ2H5my9IkW7b8z0yo=)^(” or “The Company”),) [^(www.gtii-us.com)](https://www.globenewswire.com/Tracker?data=E1UZ7XbhOMzuJRBmOdFND9nAwD_r-TcB68tXDPdcFWUwSfSi_atgV2xzxHEFWIY7SZV5F8sdQ6FZg7dhSZAdyA==)^(,) ^(a Nevada Corporation, signed a Letter of Intent (“LOI”) with Ronald Cavalier. Mr. Ronald Cavalier founded Cavalier Galleries Inc. in Stamford, Ct. in 1986) [^(www.cavaliergalleries.com)](https://www.globenewswire.com/Tracker?data=3cZULO0kVtACqlhGHlMNNOQyYs6ECaVX-XV-fh_z0BJhM50JcDRPrDPDfQdQDrf4UVBBUp-oi_HML65k_DLTEqC2FGOgAQIvHVpdkenWliE=)^(.,) ^(a world-renowned group of four art galleries, with locations in Greenwich, CT, New York City, Nantucket Island, and Palm Beach, FL. The contemplated collaboration with GTII will allow him the platform to utilize his decades of experience in the art world to bring together the most respected curators and artists, both internationally acclaimed and emerging, to participate in this exciting new marketplace. He is very excited to be part of this new venture to create a Non-fungible Token (“NFT”)) [^(www.wikipedia.org/wiki/Non-fungible\_token)](https://www.globenewswire.com/Tracker?data=9hxLo56Iyckw_s8TOpDc03wdSgJj8vurTDPVch4Lkw0epowGN_UlMtX49A91wzJ8SYDy6_7En9skgcnVFiQ02i4s45f8HXi8ayhi4BQZ-EerzpQbTcF2pM4BENL6YH8zDn1T5ikVlCnyCE5_F6EQqw==) ^(marketplace for museum quality curated art. Mr. Cavalier is currently in the process of choosing and further developing a social media platform that will allow him to continue representing his world-class roster of artists in the digital art space where their work will be sold exclusively on the Cavalier platform. The Letter of Intent, the details of which have not yet been publicly disclosed, will give both parties sixty days to perform the necessary mutual due diligence to finalize the details of the new business structure.)
***Why do you think volume and share price picked up so much SPECIFICALLY when the record date was announced? And not when any of the acquisitions came through? Or the OTCQB uplisting?***
***Why did volume pick up on March 22, when the special dividend was announced, but not nearly as much on any of the other PRs? Because that is what marked the date that FTDs needed to be covered by. Some shares may have been covered, but over 5 million shares have been sold short since this day. Meaning that the short is battling to suppress price knowing that they will have to cover soon either by choice or by force.***
# 11. Longs press price up from ~1.20 to 4.35 in less than a week.
https://preview.redd.it/0sdz905sz8q61.jpg?width=1284&format=pjpg&auto=webp&s=0bcc05007e474c225b7c58b8c7f064a1ea69a282
***Maybe some short covering, but still 5M shares sold short since March 22. All of the outstanding short shares still need to be covered. Well over half of total volume.***
# 12. (Current Day) Shorts know that short attack at the bell can cause new longs who haven't been following story from early on (most of them) to panic sell. Use short attack to clear stop losses and cause panic selling down to 2.75 close.
https://preview.redd.it/ipe9x1w009q61.png?width=1158&format=png&auto=webp&s=63af39df2a9a732bd1349d348e6bf96c6909c53e
# Moving forward this can play out in multiple ways:
* Longs who know the play are holding with conviction and adding, not worrying about the price quotation on their screen (especially considering the individuals who choose that price are also guilty of selling FTDs. Manipulation and fraud across the board. Retail is the ones who are don't understand the entire situation, and end up transferring their funds from their pocket to the MMs).
* Longs continue to panic sell and price continues to drop. Smart longs still hold because they know what will come after record date if short position is not covered beforehand.
* Naked shorts cover their entire position of FTDs in order to not be exposed to the brokerage firms for illegal short selling. This drive the stock price up, longs who panic sold hop back in, this is a squeeze.
* Naked shorts short more, but longs are now educated on the situation and decide to hold their position knowing that shorts will need to cover their FTDs. Price quotation becomes mainly irrelevant UNTIL the time that short positions are being covered in large amounts.
* Naked shorts don't care about being exposed. They continue to short and drive price down into the record date. Now brokerage firms have to tally their long positions for their clients, and match them with the DTCC (real shares) to confirm they match. This is how the # of warrants (special dividend) will be distributed to each shareholder. However, if the numbers don't match, and ex) TD Ameritrade clients own 2x as many shares of GTII compared to the DTCC records, they know their is a problem. GTII is not going to give more warrants than should be legally distributed to legitimate shareholders, so then TDA is on the hook when shareholders ask for their warrants. But TDA doesn't want to be on the hook, so they locate the prime broker who sold FTDs to their clients and force settlement or lawsuit. This is when the price will shoot up due to prime broker being forced to buy on the open market, or you get a lump sum settlement amount for each share you own.
Ultimately, if the shorts don't cover every FTD, they will be exposed by the dividend (which is recorded by the brokerage firms on the record date). If that is the case, brokerage firms will force settlement and price will go up.
If the shorts cover their entire position beforehand, price will go up.
Between now and then, the price can go down, up and sideways. It's important to remember that FTDs are limitless until the record date exposes them.
Longs buying isn't limitless. That means there is likely to be more selling pressure than buying until the covering begins.
**So there you have it.**
**A full rundown of the situation with the GTII (Global Tech Industries Group) short squeeze play. I do hold shares, and got in early, but I will continue to hold through the record date because these naked shorts need to be exposed. If they cover begin to cover before and it squeezes, I will sell in small chunks on the way up.**
**I believe this will lead to significant returns for shareholders when the full short interest (both legit and FTD) is covered, whether it be voluntarily or by settlement. So I will hold my entire position until one of those two things happens.**
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