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EXCEPT: This worthless company has been doing this for over 10 years....each time putting out bogus BS press releases with absolutely zero follow thru: witih their only goal being to short the stock, do reverse splits, and leverage their stock to fund other projects and pocket the money. If you knew who the real players were behind the scenes you would know that they have no intention of ever going to market with anything. This is a scam, and has been since day one. To think anything else is delusion!
Raise your hands. How many of us retail traders who own shares of GTCH understand the technical aspects of what it is trying to accomplish?
I did not raise my hand. What I do know is that GTCH has been putting out a LOT of PRs that specify its attempt to patent/protect its advancements over the last month or so. A LOT. To me, while not being that knowledgeable, that indicates that GTCH has crossed a threshold of presence in the world of chips and their applications. To me, it says that GTCH is going to emerge as a significant player in 2023 - WITH contracts/revenues! To me, I have told myself that this is the time to accumulate more shares, especially during the period when others are selling shares as a tax loss for wash purposes and driving the pps down. It is practical to believe, due to the above comments, that the current level of 'cheap' marks a turning point for GTCH.
GTCH has to be on the radar of many, given the Gov't interest in bringing chips back home. Subsidies must be readily available if GTCH R&D indicate any semblance to a cutting-edge discovery/production capability.
Again, the release provided Patent information. Doesn't stir the blood because patent news only gets a pps bounce if "approved", not modified. I do think that they are of importance in gauging company worth - albeit, futuristic. No tech guru but I do sense that previous PRs regarding the tech behind GTCH has strengthened its ability to raise its bottom line 'when' revenue streams are developed. I do not think that is far off now.
Because of its competitive nature, technical patents do hold the key to 'at least' impact the future. When they accumulate, each key gains strength thru association with other keys - in total, company potential increases along with actual value envisioned by OTHER COMPETITORS. It should be considered and not overlooked that buy-outs generally kick the company's pps in gear.
Talk among MMs. PPS should NOT be below .001. Higher volume and AS/OS not a concern even though some new shares hitting the trade floor. Any PR above the fluff level will propel the pps above .001. Any hint of revenue and the rise could be spectacular. GTCH, a hidden gem?
Pat on back/fluff PRs have been repetitive and should delay any rise in the pps. Just one substantive PR will most certainly create a pps surge. Is it about time?
What a bite of the ask at the end of the day. Nice if it signifies a buying spree in today's trade.
Only thing in GTCH future is a 1 for 500 REVERSE was announced.
Harold
By the way, IMO, there is NO threat of a R/S at this time. For sure the O/S level needs to be watched. Although they have expressed intent to do a R/S, the level of the A/S and current O/S gives them substantial elbow room to maneuver operationally. Could the A/S, instead, offer a better chance of a RM? Not that I have heard squat about operational endeavors, I think time is on the SHs side right now and we are likely to have a meaningful or impactful PR sooner than later.
New release signals interest by SEC/Patent Office for ANYTHING CHIP. Funding/subsidy for chipmakers is BIG in the USA. The Biden admin is determined to set up sufficient manufacturing facilities in the USA to knock out future shortfalls in addition to becoming a larger player on the international court.
Why did it take so long?
Now I ask, subsidy for GTCH in the making. Does 'buy out' loom in GTCH's future? Just how good is their tech. I garner to say that the Patent Office (the tech division) thinks their patents have merit AND it is intent to offer their patent ASAP, who knows what eyes would be on that?
Time has been long for GTCH to provide real substance to its SHs. Is that about to change. Is time near now?
Watch the O/S. Nov brought in near 200M new shares.
They should get a well deserved CE designation. Way to late, and realistically management needs to go to prison.
They will gladly sell into buying but in the end a 1 for 500 Reverse will clean up the added shares.
Harold
I would agree. Seems to indicate a bottom although having so many shares available at current pricing appears, IMO, to be issuance of new shares. I expect the O/S to move up accordingly.
GTCH is in real need of some revenue to curb their willingness just to issue new shares to meet their financial needs.
It's a scam and always has been doing RS so they can start over diluting.
Harold
$GTCH Barchart opinion strong buy here - https://www.barchart.com/stocks/quotes/GTCH/opinion
Getting cheap here. Got this on watch.
Oh, I did want to add: could not have picked a worst time to submit a PR. Thanksgiving. Sure, everyone so focused on the market this week...
Prospects, prospects, prospects. GTCH is full of prospects. The CEO has to understand by now that the company must present valid income generating Application, application, application. Looking forward in gaining many 2023 investors requires revenue generating applications, NOT pie in the sky! We want results. Will we have such answers (hopefully more than one) sooner than later? Having that question answered is a deciding factor going into 2023. Management must have an answer.
I think today's PR is a bit different. It may have a bit more influence on trade. It appears that the content provides a more 'near future' event that could be brought to bear revenue much sooner. Speculation trade interest may rise as a result. Volume is likely to rise during the remainder of this week into next.
GTCH's recent public releases support the belief that GTCH is an advance technical company with broad practical and commercially potent interests with patent pursuit. I do believe that 2023 will be a remarkable year for GTCH with proven revenue streams generated early in the year. Application of their products is key. That application combined with satisfying customer need (yes, actually selling products) and vendor commissions if not actual control of the manufacturing production, will amount to significant revenues and possible 'profit' for GTCH in short order.
I agree.
implementing an evaluation is not PR worthy. Meat on the bone makes it or breaks it.
Today's PR : "is evaluating the implementation of its intelligent financial and database management technologies for social media applications" is nothing more than 'regurg'. Promising but not definitive. Constant prospects but little on substantiating a planning date for the generation of revenue. "Evaluating" is a closed loop. Timeless and lacks an open door to fulfillment.
SHs KNOW (been told countless times) that the subject matter is in GTCH's operational scope but prefer to have substantiating info that the company is moving forward in generating revenue. REVENUE. The tech is known, but will it be sought out by consumers?
Just some thoughts... This is not a scam. The company is using the OTC to the fullest amount possible though and SH's are bearing the costs. Chart is flatlined for many months now. How many more RS's does the company initiate before the patents are granted..if so?
The ideas and tech are sound. The debt is higher than high, yet they plug forward because they strongly believe in their future. Again, it is not a scam, but highly risky for success in the near term. I am down 99%. However, do I gamble some more now at this level, or wait for some developments like patent news or partnerships? This is definitely a stock to keep abreast on, be it they have lost a lot of investor confidence. All in my opinion. Hail to the weekend! Good luck to all.
The website that I have seen only list 2 employees now and they were laid off more than a year ago if they ever even had 22 employees. Invest in this scam company at your own risk.
https://www.google.com/search?q=gtch+&source=hp&ei=Nk51Y8HwMaKv5NoPm5-CyAk&iflsig=AJiK0e8AAAAAY3VcRi2FKV36PnymhQG5GM9d6nX8qALq&ved=0ahUKEwjB48-
I tend to pay a bit more attention to a rise in trade volume when there really any substance to support it. Seems to draw me to the conclusion that 'something is in the pipeline'.
I am energized a bit to raise my expectation that another PR is the real reason for the spike in trade.
Is the OTC that far off? GTCH data provided there indicates over 20 employees. Just how inaccurate is that? GTCH laid off 20 employees since that info published for record?
Common Stock, $0.00001 par value 1,206,818,392 Common Shares
(Class) (Outstanding at November 11, 2022)
3rd RS coming since my first warning this is a pump n dump scam.
Harold
Interesting. Since 2009?
Wow! market cap already down from 2M to 1.2M in just one week. Looks like they are draining the rest of investors money in a New York minute. They could be closing shop or getting ready for another RS with another new company name as they reinvent themselves again only to fool a new group of unsuspecting investors.
This is a VERY GOOD summary of events thus far. Much appreciated to have read such insight. I would never tend to attempt to refute such a history of knowledge.
Why I am here and gathering a few shares of GTCH is simply because I only trade in Pinkyland. Accepting risk is a required characteristic. DD for these types of companies is also taking a big risk when it is used to decide to invest....just how much of it rests on a bed of facts? Very little in the case of GTCH. In such cases I defer to "potential".
I am not a big player. Yet I find leverage to be my most sought-after determination. A million of shares compared with 50 shares of NYSE ticker offers, at least to me, a means to expand my realm of investments - provided of course that I actually gain from the investment.
I have a long history now of being a loser over time. Speculation has not been my key attribute to attain gain. Still, I persist.
For sure, I cannot see the GTCH fish in the pool that I fish in. I have no idea for sure if it will even bite on my bait of $$. Nor can I determine what size it will be if I actually catch it. Nor do I care other than having it the color of green when I pull it out.
I doubt that I am not so much different than the other SHs that fish here. Fishing is fun if ever I do get that bite. Otherwise just another bad day at the pool.
they dumping hard. out
Revenue is a must. Even a hint of one with often move the pps upward, for sure, unable to remain there if untrue. GTCH hasn't, as for my information and knowledge, even hinted at one other than point out that should they succeed it is for the purpose in meeting a consumer's need.
There work with so called partners should most surely provide some means to either get their patented products placed into some manufactured means to offer up even a prorated share of a product being sold or at least a fraction derived by 'selling the right' to use their patented product
If a recent poster's claim that the current GTCH evolved from an opening day in 2009, I would have to agree that something has had to be produced AND replicated for sales purposes. What the hey?? Come on GTCH, put something on the market to generate a bit of sales cash. Not doing so by now should rightfully give SHs the heebie-jeebies.
Filing patents can cost up to 5-10K depending on what type they are submitting. Filing as an individual inventor will only cost a few hundred dollars. I don't know what type that they are filing but doing actual research which I believe that they are not are much more costly and time consuming which also requires a lot more than two people to do all this work with all this extensive research they claim to be doing, so their only real business operating cost is for the patents. The company only has two people working from home writing press releases and patents. There have been reports too that the office they supposedly occupy has been completely empty for years.
I have only followed this company off and on since 2017 and it is always the same thing, endless news releases making all kinds of claims about game changing technology or they plan to do more research to add more features or products. Read them them more carefully, they always claim that these are forward statements and that there is no guarantee that they will ever be successful. Their whole marketing approach is to lure in new investors with the idea that they are just so close with a breakthrough. They just need to do one more thing and then they can bring this product to market. It all is just around the corner. They did the same thing back in 2017 when they called themselves Gopher Protocol with their Pet Tracking Orb product. They claimed that they were just about to release it for sale and even claimed that they has already made some pre-sales and that they were also going to be listed on Nasdaq. Well, that did not happen. Instead this product did not work and proved to be a fake and they then pulled the rug out on all the investors and did a 100-1 reverse split with no Nasdaq listing causing investors to lose millions. They did another reverse split this past fall and announced that they will be doing another RS before the end of 2023.
To me this does not sound like a company that is going to be successful in developing high tech products and bringing them to market to earn actual revenue against the deep pocketed big tech companies. Check out their balance sheet. They are deep in debt and have hardly any revenue. Also the research and development section lists no expenses. OTC Pink companies by law are not required to list R&D expenditures which is very convenient for them.
I would be very careful with this company. Their press releases promise the moon but where is the revenue? Why haven't the suite of products that they have claimed to have developed are not monetized? Be very careful with this company. Their track record speaks itself. I would not go by their claims in press releases but with actual results which in their case so far has been a big zero.
Add another one today. Patent applications are not cheap, take an enormous effort on the company to detail the application for consideration of a patent AND is typically considered an asset if approved.
Seems to me that a company, to submit patents, has to have confidence that by doing so they will have a revenue return (eventually). Serves no monetary purpose to just submit patent requests for the heck of it.
Are you saying, in GTCH's case, that the patent applications are frivolous?
For sure, this tech they describe is over my head to understand it fully, but the descriptions provided by the company profess that it is 'likely' such patents not only provide tech rights protection but provide an edge in securing revenue down the road (or at least I have that impression).
Similarly, revenue is a company's bread and butter. Is their existence from 2009 and multiple R/S indicate ONLY that selling A/S is actually their primary goal? I have to agree with you that their efforts to date, without a single revenue stream, cannot refute it.
That conclusion is hard to grasp while so much 'groundwork' has been meticulously provided in "substantiating" a will to not only 'survive' but prosper.
My optimism may in fact be a bubble destined to be popped.
GTCH has been around since 2009 with different names and has been issuing forward statements about their research and development for forever. During this whole time the company has generated zero dollars in revenue for tech products. How long can it take to monetize a single tech product? In the meantime GTCH just puts out numerous news releases and about endless patents filed along with new research initiatives all about fake products that they claim have developed or will develop. Their press releases are nothing but fake news! GTCH currently has only 2 employees and a market capitalization of 1.6 million with over 1.1 Billion shares. Another RS will be coming before the end of 2023 with a current stock price of $0.0014 as of today. This company currently survives on toxic lending and insider trading pump and dumps. Does this really sound like a company that can successfully research, develop and generate revenue for high tech products? GTCH is nothing more than a scam. Save your money and invest in a REAL tech company.
Yeah, I think so. Only ticker I own I feel comfortable about.
Loaded more today! Lookin good!
I am definitely NOT a techy so take the following at its worth...
Today's PR is fabulous! I was unaware of its filing and must assume the 'oldies' here know a bit more than I do. But it appears this AI enhanced CC has a LOT of merit regarding the impact it may have on establishing future revenue paths for GTCH.
As I see it, a tremendous number of revenue paths stand at GTCH's threshold. I am very excited about the prospects here. I also expect the trade today to reflect that optimism. Accumulation of additional shares of GTCH has now become a "No-brainer" it would appear to me.
Loading the boat here - I have a feeling the PR will have meat on the bone
GTCH is the perfect example of a Pinkie in Pinkyland. Other than theft or the desire to be your own boss, Pinkyland offers up the land of dreams. It takes money though. The initial layout comes from those seeking to be listed on the PINKS. After that, the burden lies in the hands of traders buying the offered shares - at any price from the get-go.
SHs subsidize the company's existents and its future.
For years now, GTCH has used the crutch the SHs have provided MANY TIMES with red the only color SHs would see. Actually, a common occurrence in Pinkyland. In fact, not to be unexpected...although it doesn't prevent SHs from dreaming it won't.
But it did with GTCH. Does that mean the company failed you or you expected more than reality could provide?
One factor I attempt to capture in my own DD prior to buying is to determine IF the period of SH use and sometimes abuse, has fulfilled necessity and now the company's own doing gathers some strength of its own making (generating non-share funding/revenues or damn close to it?).
My determination is that GTCH is close. So close that I feel that to delay purchasing shares at the current pricing looked like an opportunity lost if I did not buy now.
Isn't that what it is all about...when to buy? I believe it is time to buy GTCH!
GTCH will surprise investors soon, gonna pop. Gonna be some good news coming! Accumulating all dips. gl
Thanks jj. Good to know there is someone else that posts. With another ticker now that has groomed me for patiently waiting. Have to have that skill, no doubt.
Obviously i am a very patient investor, but yes i do see the potential here and the chart looks good. gl
Im here, waiting patiently for some impressive news. Nothing of substance yet
Today's PR is similar, I would guess, to many that have been released by GTCH. Being relatively ignorant of the chip tech lingo and mechanics, I seek only general understanding.
I was impressed with the release. I gathered significant knowledge regarding process. A LOT of lingo used in describing this process, yet I gained the sense that GTCH is well on its way to nearing a point of production. 7 years mentioned thus far to even get to the point they are today. Likely significant time is still needed, along with sufficient funding, to reach production phase.
Any long-term investor here now or those newbies that elect to be so along the way are confronted with two aspects of investing (expanding their share count). Time and money.
Sure, anyone can invest elsewhere in the time being, but if your DD convinces GTCH can muster the tech and succeed, you risk bottom floor entry. Even today's release is expected to push the pps higher.
Leverage in this type of industry CAN change your life if success results from GTCH's efforts. Leverage (more shares) is significantly reduced as the pps rises. Buying shares at ground floor pricing does make a difference in life's style as more green is forthcoming. Time is NOW to buy shares of GTCH.
However, money, along with time, remains a significant matter as well. The CTO's comments reflect on the necessary venture with partners. Partners that are willing to pump $$ into GTCH's R&D. 7 years worth does not seem to quell the need for more. Future R/S seems inevitable without outside sources of funding. A BIG factor in realizing should you decide to invest here.
IMO, that threat remains lower than many here believe given GTCH's history of doing so. I think that there is no need to do so right now given the comparison of A/S and O/S. I am now more favorable towards looking at an increase of success by GTCH in getting additional funding from outside sources.
The narrative of today's release tells me that GTCH has new ammo in its gun when it goes out hunting for funding game now. Especially with the increase of Federal funding for homegrown chip manufactures AND having advanced GTCH's patents for the work/technique they depend on. I say that 'partnership' opportunities have increased.
I thing outside funding sources have become more of a possibility now...not dilutive funding but rather the asset building type.
Wow. I feel as if I am the only member on this board. Is it that clear that others who have shown interest in the past have left for good? Or, are you waiting for the other shoe to fall.
Obviously, GTCH SHs are spent. Such a long span of disappointing results. 3 years and two R/S has taken its toll.
Yet this newcomer sees "potential" and has also encountered similar long delays with other tickers I had or still have that present a similar picture - but because of the nature of being in Pinkyland, I still actively participate on their associated MB.
Since no one comments here ... at least give me a hint. Should I likewise leave? Is what you are all saying from remaining silent that GTCH isn't worth your time in commenting about its current status or direction?
What have I gotten myself into?
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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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