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I thought that too, but it became very clear soon that the CEO was releasing new shares at the same time of the PR. Now it appears SHs have to consider dilution along with the possibilities of the new patent.
Looks like the dilution factor won out (supported by the long history of GTCH's use of such tactics). Buyer volume shut down quickly. Looks like another 300M of new O/S this month as well as December.
We may be on the way to help's R/S?????
Could see a push to over .0010 today.....good things happening now. Just needs some volume to get this going!!
Lots to Like. Great News out!!! This is Ready to Explode!!!
It will be a no-show! What appears to be happening is that the CEO is choosing this time to unload some more new shares. MMs had tons of them. The PR was fabulous and did in fact bring in new retail investors. However, with the MMs having a load of new shares to bring into the O/S, it stifled the surge.
Yet I do think that 7 is the new revised base...hopefully strong enough not to be lowered again.
Hard to dislike a green day!
Been Holding Up today.....let's get some momentum into tomorrow!!
Just the beginning here. This will make a strong push over the next few weeks. Too much to like here.
It looks like MMs are attempting to not allow GTCH to move past .0008 today. Short term traders are cashing in on today's rise. Lull to maybe the power hour, then any confidence will expand and so will the volume. May even break .001 today. I think we still have a good chance to settle on 9s today.
If the PR is followed through with any other putting a positive spin on GTCH this week, the bar on GTCH's low level may return to .001s by COB on Friday. With the last PR, in tandem with the one today, expect trade volume to remain high for a bit. GTCH may have just turned the corner towards a steady pps rise in 2023.
Freakin’ HUGE potential just came crashing through the doors of GTCH IMO. Security. Facial/body recognition. Technology. Buyout.
Love the way this is moving. The news here is Outstanding and this is just the Start of a Huge Run!!
$GTCH News! GBT's Facial and Body Recognition Patent Application is Granted https://finance.yahoo.com/news/gbts-facial-body-recognition-patent-123000442.html
$GTCH 8's just got wrecked and 9's getting started!
Rocking this Morning.....and can go SO MUCH HIGHER!!!
GTCH is now on the ticker buzz cloud!!!
This is NOT the time to sell your shares! Talk is about to spread on GTCH's potential. More SHs, higher the pps. I cannot understand how GTCH's pps is below .002 for so long.
Screech, this is potentially only the beginning. Success most often follows a startup company's patents. Cutting edge patents, such as the one just granted, are unique and NOT generic. Big Boy (BB) companies especially watch for such unique patents that would ensure that their BB status would continue IF THEY BOUGHT OUT POTENTIAL COMPETITION OR ATTAIN SOLE USE (by becoming a primary benefactor of R&D $$$) OF THE POTENTIAL MONEY-MAKING PATENT!
My intuition tells me that GTCH has become a target with this patent approval. Money is to be made on this one. Many BBs out there are aware of GTCH's potential.
Right now MMs are trying to contain the rise - allowing their 'friends' to buy in much cheaper???
Ok, so that’s big. Move coming IMO. GTCH
$GTCH on the move here on news, 8's are up
$GTCH news: GBT's Facial and Body Recognition Patent Application is Granted
https://www.otcmarkets.com/stock/GTCH/news/story?e&id=2420542
It continues to amaze me that given the track record of this company that I see bullish comments from posters. You completely ignore the decade and a half of empty PR releases, a myriad of reverse splits, endless announcements of products that never come to fruition, a never ending hole of incredibly dropping stock prices and reverse splits, the criminal behavior of the principles behind the scenes, lawsuit after lawsuit...and yet you post hopeful, unfounded optimism concerning this company's future. This company exists solely to take your money and fund their lavish lifestyles, but yeah, by all means....keep up the optimism! Come on folks, why?
$GTCH The Company also plans to file further patents in this domain, to protect new features and additional innovative concepts in the 3D, MP microchip domain, during 2023.
I think it is ready too. Now all we need is word that there are contracts that are willing to pay GTCH for patent use. The question is yet to be answered: Is GTCH the cutting edge I think it has the potential to be?
$GTCH new trip 0 play I'm watching. Chart looks beat down, but actually has as nice float for .0006. Recent news, opportunity for .001+ IMO
https://www.otcmarkets.com/stock/GTCH/security
https://schrts.co/gHjywdXu
I will concede that a 300M O/S jump in December is a concern. Continuance of this rate of A/S use would certainly confirm your suspicions. I will be anxiously awaiting next month's tally. I will unfortunately have to eat crow if this rate continues.
There were other I just posted recent reverses. You have a HUGE Reverse coming this year surprise surprise.
Harold
TWO does not dictate a two-year cycle. R/S determined by need. No need this year.
Capital Change=shs decreased by 1 for 100 split Ex-date=08/05/2019. Pay date=08/05/2019.
Capital Change=shs decreased by 1 for 50 split. Ex-date=10/26/2021. Pay date=10/26/2021.
History is not always the way to play a stock. Especially in Pinkyland. Each to their own. Turd today, gold egg tomorrow. Hardly likely either way. R/S not in the foreseeable future. Recent PRs while numerous and often repetitive, do indicate to me that PROGRESS is being made.
Any time I see a ticker MAKING PROGRESS, I tend to watch. What is next? Next is a come-on to me.
History is non-functional. Provides info only when deciding to enter the fold. Although someone else determined it warranted staying away - I chose to enter. History DOES indicate that others entered too early. I, of course, determined that is water under the bridge (lots of water) and believe NOW is NOT too early anymore.
Your point well taken. I guess I was just willing to step on the turd and take the next step anyway. What does the next step land on? Time will tell.
Watch and learn this is one of the biggest tu.d stocks I follow.
Harold
Not this year.
I think today's PR is significant. It appears to me anyway that S. Korea has a serious interest in seeing that the 3D adaptation is worth pursuing. I think more influencers more so than me will think so as well. GTCH is getting closer to locking down a new generation of chip manufacturing. A big money maker from my perspective. I think SHs will see some pressure on the upside today.
The only thing that has to happen early in 2023 to put GTCH above .001 forever is to have another patent approved. Double your $$ instantly if that occurs when buying shares at their current price. Price is depressed as a result of the threat of another R/S. I DO NOT believe that will happen. 2022 did not bring on the increase of the O/S pretty much given as a fact from their history. The issue of new shares has slowed down IMO.
Consider also that the US is putting $$ where its mouth is in stating, as a policy, to reinstate the USA as a leader in chip development. Subsidies are to be had to support any R&D to reach that goal. GTCH, again IMO, stands to obtain some of that USA subsidy should ANY or ALL GTCH's patent requests are considered to provide the edge our government is looking for. Any announcement by GTCH in applying for such a subsidy provides for a deflection from using A/S as a means to continue operations. I don't see that as much of a 'pipe dream' as it may seem. I feel comfortable in saying that GTCH has already sent in their subsidy requests! I see no reason why they would not have that request fulfilled.
Anybody recall when the restricted shares become unrestricted?
I hope they don’t RS again unless and until there are sustained positive income numbers. The $2.2M “earnings” GTCH shows thru first 3Q 2002 is largely paper (change in fair value of derivative liability), but it has had some dollars coming in and it has reduced debt substantially. If dollars characterized as earnings keep coming in on a sustainable basis going forward (not followed by another massive write down if one of its recent goofy joint ventures), a RS might actually make sense. For instance, $2.2M in earnings divided by 1.5B outstanding shares is a tiny, negligible faction reported as earnings of $0.00/share. But, after a 100 to 1 RS, $2.2M in earnings divided by 15M outstanding shares is reported as earnings of $0.147/Share. So, no reverse split if no meaningful sustained earnings, because stock will just find a new horrible bottom diluting all existing shareholders (scam?). But RS once there are sustained earnings? I’m good with that.
My 2-cents is on: They won't. Seems like protection from hostile takeover. They have plenty of room to maneuver with current SS.
… December 31, 2023 (not 2022) for reverse split. Also say up to 500:1. Needn’t be 500, could be 100.
FYI: The amended article say up until December 32 of 2023 (not 2022).
We will know if they effectuate the split next week. Their deadline is the 31st. Tic Tok
SCAM GTCH is getting ready for a 1 for 500 REVERSE!!
Harold
If only you knew who the players were behind the scenes you would not have a positve outlook, or think that this was a viable company in the normal sense of the words:(
I am not a regular poster on this board. I know nothing of GTCH other than what can be gleaned from its SEC filings, which are voluminous and fairly transparent. I do have a position in GTCH, which no doubt colors my view--and any reader should take my remarks with a grain of salt.
Here are my thoughts. If you pull up the quote for GTCH on Google Finance, you will see that at a share price of 0.00065 (price at the moment I am writing this), GTCH is listed as having a P/E ratio 0.42. The most remarkable thing about this is that it means GTCH has "earnings" (at least in the accounting sense). A P/E of 0.42 means that a share can be purchased for a price that is less than 50% of the current "earnings" per share--a negative multiple, if you will. GTCH has reported positive earnings driven in part by sales of its Ravenholm venture, and by the RJW settlement (one-time revenue) and by FV changes in derivative liabilities (variable/ephemeral). At the end of the third quarter 2022 (September 30th), GTCH reported (1) positive "earnings" were $2,245,000, contrasted with a LOSS of $32,854,195 in FY 2021; debt reduced to $23,229,020 versus $32,780,029 in FY 2021; sales of $771,446 versus $0 at the end of FY 2021. Because of the huge number of outstanding shares issued in 2022 to weird joint ventures (not a good look), this $2,255,565 in earnings at the end of 3Q 2022 is booked, by virtue of rounding, as "0.00" earnings per share in the quarterly report. GTCH appears not to be touting these positive "earnings" in PRs, I suppose, because they might be a temporary accounting phenomenon and/or ephemeral. But if you do the math, $2,255,565 divided into 1,426,061,998 basic outstanding shares actually is "earnings" 0.00158/share, a truly trivial number ... unless you compare the even more trivial share price of 0.00065/ per share. So, GTCH currently is in the anomalous position of having "earnings" per share that are double the its price per share.
These earnings could be a one-time thing (like the RJW settlement dollars). Might disappear entirely next year, or even revert to massive paper losses if GTCH writes off its weird 2022 joint ventures (as it did its weird Costa Rican joint venture in 2021). But GTCH's reduction of debt in 2022 appears real. GTCH has been and is a precarious stock, poised on a razor's edge because of the unserved debt it carries and the fact that its fully diluted shares (under convertible notes, preferred shares, etc.) are at a shocking 400% of the reported basic outstanding shares. It isn't worth mentioning, much less recommending, to anyone, IMHO, because it could self-immolate at any moment. But I disagree with those posters who think (with some justification!) that GTCH is an outright scam. Its patent activity goes beyond what a normal scam would bother doing. So does it faithful SEC reporting. To me, GTCH appears more like a blind, starving squirrel searching a large open field for the single acorn that could save it. Starvation is the more likely outcome, but I don't think this makes GTCH a scam.
In consideration of today's trade action, I am of the opinion that yesterday's volume was strictly selling off new shares at an agreeable pps to a source/buyer that believes the future holds improved odds that he/she will attain the green that makes buying those shares profitable.
While retail traders buy on the open market without any similar arrangement, can't help but wonder if we too may benefit from the transaction as well! Sooner than later would be preferable!
I am not pumping GTCH, but I am playing it. A fool seeing fool's gold? Seems as if many peeps existing on this forum have been doing just that many times in the past. Seeing is believing (it can happen), but GTCH has failed as a presenter of facts for so long - other than the fact that they have failed to deliver.
Their track record IS dismal. Been in existence for so long now in Pinkyland. Yet I believe there is a time and place for pretty much everything. My presence here is driven by the belief that the DD I have done to get me here in the first place has merit. Just too many PRs out there not to be convinced that there is something real about GTCH. Will that real take hold. I am just here believing that such a time is possible and may be realized in a very short period of time moving foreward.
No hubbub on the hub about what would have caused the burst in trade? Around $70k of value traded. Not chicken feed! Yet nothing of interest in the pipeline or on the rumor mill? This is a very tight-lipped forum or very complacent as a result of so many disappointing years behind you.
Might want to reconsider. GTCH may just have some returning life after all??? To day trade to be interesting. Follow through on trade volume or what that a one-shot MM effort to sell new shares?
MM sure throwing a good bit of shares in either their attempt to minimize the spike OR have plenty of new shares to pump out.
The news today did not warrant having the volume sighted on L2. Either a rumor is taking hold or new shares are being distributed to some deep pocket. I think we are going to get an unpleasant surprise when the new O/S levels are announced. Can't say I did not expect it but I am always hopeful that the money is being put where it counts - preparing for the generation of revenues.
Can only hope.
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As of December 29, 2021 • 7:31 AM ET
As of December 29, 2021 • 7:31 AM ET
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