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Harold
Whenever I see anybody post anything bullish on this company I immediately place them in one of the following 2 categories: 1. They're an insider pushing the scam. 2. They are totally ignorant of the situation and have been sucked in by the PR. There is no other reasonable explanation given the years of facts and behavior of this company.
Well, to answer your question, here's another question....Has GTCH EVER aquired anything that hasn't proven to be a total loss to it's shareholders? They shuffle your money around like a street scam artist with 3 card monte. If you think you are buying shares in a company with "potential" you are sadly deluded...and I say that with the utmost sympathy. These folks are on the same sub level as the street scam artist. They pay Danny boy to keep the technology BS patter going, and they pay him well. All the time KNOWING they will never actually develop anything. Everybody on this thread has been warned MULTIPLE times about the company and their abysmal track record, but still folks come on here and post hopeful opinions that have no basis in actual fact or track record.
I would like to pretend today's drop (and my buy into it) doesn't mean anything. You should know otherwise. Dilution is ALWAYS a concern. I will try to mollify it by asking: I GTCH in need of some fast cash and willing to sell new shares at any price to get it? If so, then it might be futuristic thought to ask WHY? Not that management is going to tell you, just that the recent surge in O/A indicates an immediate need for a larger pile than present in the past few months.
So... is there a new acquisition in store - one that allows for product production or to support production elsewhere? A royalty agreement would NOT require GTCH funding. Then again, maybe GTCH has a debt log for keeping the lights on that better be paid? Or is it just stuffing pockets?
Ignorance is crapola.
Unexpected of course. The question is why? Is volume being out of retail SH disgust? Some unknown? Doesn't seem reasonable for CEO to dip into A/S at these levels. I am looking at it as a buying opportunity. Admittedly, risk is still very high, but my perspective is from a long-term hold. Any possibility of gains, I want to have them only taxed at 15%. Buying more on dips throughout the year seems reasonable...IF there is NO additional R/S. Always a concern. Yet I cannot shake the idea that GTCH is headed for a turn.
R&D is a VERY EXPENSIVE endeavor initially. It is not cost inhibitive. Owning shares is high risk at any stage until revenue is actually achieved from their product, period. Most often, a R&D Pinky is assured to depend on new shares to survive because there is typically little to no private funding sources other than through very dilutive agreements from the get-go.
Every retail trader doing so in Pinkyland MUST factor such risk in their personal performance expectations. High expectations beget high chance of losses.
The risk is most severe for retail investors presuming 'revenues soon' and a strong desire to enter on the bottom floor of a sky-rise ending. R&D endeavors are thankful for those $$ provided through extreme risk takers.
The assumption is that 'revenues' will occur is a must to remain as a SH. When is the kisser. GTCH has taken FOREVER to develop a revenue stream sufficient to remove their dependence on A/S. It remains the primary factor in providing sufficient funding for remaining a viable company.
When that dependency stops, that is when SHs begin to see a trace of share value appreciation. Will it happen? I sure hope so. Will it be sooner than later? I am banking on it.
Today's PR does not help matters. Strictly R&D with CYA written all over it. Good for the company while it only adds to the wait time to be borne by its SHs.
It's churning because Toxic Financier is churning selling into the buying hype before they do a Reverse Split 1 for 500. The more the sell the less they loss in depreciation after the Reverse.
Harold
HIGH RISK GTCH is a 100% SCAM!!!!
Harold
No doubt, owning GTCH shares is a risk. But far less now than Pinkyland as a whole. Many years of R&D with 27 or more Patent applications in the field of their choice has, IMO, lowered their risk. Approved patents and persistence in their desire to form partnerships has, again IMO, presented substantive advancements. I do not perceive longs here will have to wait much longer for management to establish REAL LUCRATIVE royalty revenue streams.
I believe that 6s is a well established base for pps AND would take little proactive effort on the part of management to raise this base above .002.
I continue to buy into 6s until that base is changed much higher. 6s are a Pinkyland retail investor's dream...
OTC needs to put these crooks in charge here in prison.
Nope! GTCH still flooding the 'Damn' with new shares.
Wouldn't mind seeing another PR this week. Get the feeling GTCH is close to a break. No good reason not to see their pps in the .002 range. I also believe the surge in new issue, IMO, is over for now. Anxious to see it doing so over that last 3 months gives us some revenue generation news.
Now I know why GTCH has issued so many PRs... 27 Patent actions over the years. That many tends to provide the need to 'update' when the Patent Office provides their own update on processing those requests. Understand, GTCH does not need to provide SHs with updates but does so, I think, as a curtesy to its SHs. Less as each patent has been granted. Nice to see that need decreasing. Now, all the SHs need is to see some revenue come from all the painstaking work.
Nope your not alone ;)
Exactly what they want just keep getting buried.
Harold
There has to be buyers too. I bought some more. I am definitely not alone.
The Toxic Financier selling ....shares lol. Easy to see the selling is into a PR like it always is and has been.
Harold
I would like to the new share push stop right about now. Feeding 6s at this point is certainly curtailing any pps strength. If the bleeding stops, I have no doubt GTCH could enter the 2s easily before EOM. Recent PRs are encouraging and appear ready to raise the green flags for the start of the race. Let the GTCH Hot Wheels roll.
Some retail trader is going to take that 10M at 6 right off the bat!
I agree that they have laid the groundwork for bigger entities to utilize these patents without the time and effort
Now they need to follow thru and become a subsidiary of one of these larger companies for their betterment.
Revenue streams.
Love it! $GTCH
Today's PR is an Add. GTCH has laid out prospects and looking for partners.
From the looks of it, it will not take long. Their R&D provides, from a laymen's perspective. a cutting-edge business plan with the gears of success already in place (a long 3 years in the making). Current patents and other applications give them a potential edge for larger companies to use such patent capabilities to improve their bottom line through efficiencies and cost savings WITH advanced engineering.
A win-win scenario for large companies manufacturing relevant products WITHOUT delay and normal cost/time in development.
I think this PR is telling its SHs that significant revenue streams are in the making, or even better, a tantalizing avenue for a buy-out. I remain a believer that the turnaround is in place and the pps should appreciate into the 2s once again in a short period of time.
Buy your tickets now for front seats, the BIG show is to open its curtains in 2023?
GTCH is a scam and always has been and no changes coming except another Reverse Split.
Harold
Gtch has been noted as a ticker with a lot to say. Prs are plentiful. Most just informative with little or no impact on the pps. I do believe there will come a time when all of that changes. 2023 could be the year like all in the past that did not pan out.
Silly of me to project. Nothing really exists that tell me for sure that GTCH has turned the corner. Just hope. Yet enough of what I understand leads me to believe it. It has been a long haul for those entering so much earlier. My entry marks no change, but it just seems that things have been jelled to the extent that generation of a substantial revenue stream is possible now.
Always extreme risk trading in Pinkyland. Still, enough to know that winners do prevail from time to time. Being among the ones to pick one of those winners is a dream come true. Could it be that GTCH is one of those? I sure am playing it as if it were.
Love it! Waiting patiently:)
Pinkyland is a place for dreamers, both start-ups and retail traders. Hell, savings accounts and even good mutual funds do not give you much more than to break even with inflation each year. Investors go nowhere fast. That means that when 20 years pass, you invested 100000 and now it is 250000. Looks wonderful, except that $250K is worth no more than the $100K was back then.
Why not play the odds? Any day a retail investor lays $100k on the table in Pinkyland, they COULD have a million dollars TOMORROW! Of course, they could also have $00.00.
Sure, I have invested $100k over my investing since 1980. I have also taken out more than $100k over the years due to need elsewhere and I still have 'play money' left. Really, I am 'playing' for free. I admit though, it doesn't feel that way to me!
So, here I am 'betting' on GTCH, excuse me, I meant 'investing' in. Be assured anything I post, if not a true fact, is an opinion. I never KNOW. But like you, my gut says something very positive going on at GTCH HQ. I will not get rich here, but I do have confidence I will gain from my venture. GLTY. It will either happen here or elsewhere, but Pinkyland is the place to be for both of us.
Agreed something is brew it feels like
I am beginning to relax. Does not appear CEO is willing to stoop that low to pick up all remaining 5 bids. But seeing GTCH's base return to 6 is disheartening. There was sufficient news this week to raise that base if GTCH management hadn't pick this time to unload more new shares.
Is such practice over?
Is more good news available next week?
Did the big-buy for 60M result from somebody in the know?
Does the drive to 9 indicate that GTCH is about to turn the corner?
Yes, I have enough incentive to stay around a bit longer!!
Unfortunately, IF the CEO is intent on tapping into the A/S, as it appears, 5s offer a HUGE reservoir of 'free' cash...of course, causing more stress to those of us that have purchase shares at much higher pricing. There will no longer be any doubt what the CEO is doing if the MMs tap out the bid at 5.
I'm down over 90% because that's what they've been doing for over a year. Not sure why they haven't received a CE designation? It's obvious the SEC/otc who claims to have made changes to eradicate these scams are doing nothing.
Yeah Max, confusing to me as well. Just trying to put a handle on it. No crystal ball. Only approach I could think of that made sense (to me).
Behind scenes is always a factor that is uncontrollable. Surprise! I just feel like something is happening in a more positive light. Should be given how long GTCH has been around and doing what they do best... R&D. Isn't it time enough to expect some results from their effort?
The company is selling to bloat OS so they can do the 1 for 500 Reverse Split. Like the last two reverses many shareholders are going to get hurt.
Harold
It makes sense what you are saying.
However, I believe it was not just buy and sell with that kind of volume. There is something else is going on.
Very unusual volume today, never saw that since 6 months. 180 million traded today.
If that would have been 75% buys the stock would have gone up by 5-10 times
One trade was for 60,000,000x.00065= $39,0000 which doesn’t pay for filing of a few patents.
If the company has no revenue they can’t sue other companies to collect the royalties which is expensive to have good lawyers on board.
Either way we shall see.
Would be hard pressed to determine. In the case of GTCH, I really doubt any interaction. Today's volume does not reflect such actions. There is a problem in reference to the GTCH CEO. This volume today, IMO, is a result of dilution - the introduction of new shares... not the manipulation of existing shares.
Dilution of the O/S is EASY MONEY for the CEO. Issue more shares, more operational cash. Expected in Pinkyland when no other option is available for non-dilutive financing.
Of course, it would be nice for SHs IF such funds REALLY added up to increasing the ticker's value instead of just keeping the lights on or stuffing the pockets via Management Pay.
Personally, I am not discouraged by their use. I still believe that GTCH is close to breaking out in a turnaround due to existing patents and the 'closeness' of getting additional patent approval.
From my perspective, these patents are valuable. They do seem to offer the means of other companies gaining royalty use of GTCH technology to improve their own operations/profits. If so, and I am guessing, then GTCH may soon improve their revenue streams via increased royalty or actually generate their own means of manufacturing cutting edge new technology.
IF the CEO stops using GTCH A/S to dilute the O/S any time soon, recovery from today's dismal pps COULD rise significantly. ALL premonition on my part. But I am staying longer to see if my 'pipe dream' comes true. ALL purchases in Pinkyland is a risk.
I am waiting to see like all the rest of the longs.
One ticket for 60,000,000 traded at 4:00pm?
What is relationship of these individuals with GBT TECHN.?
Look up Moshe Shnapp, Darren Dunckel, Robert Yaspan for starters. https://menafn.com/1102929816/Official-Suit-Announcement-Against-California-Attorney-Robert-Yaspan
Oh my. O/S seems to be going up big time! Conversion? Debt relief? How about an acquisition?
Nah! Operational cash. Not a good sign for investors. Looks like the CEO is willing to sell new shares at any price. The chase is down hill.
What do you think of the 5-yr royalty agreement with TGHI? Do they have the means to really generate revenue from the use of GTCH technology? If the potential is there to do so, this recent interest in GTCH could be a boon for TGHI as well.
Unfortunartely agree. They need to reflect a contract with substance.
It appears that the Patent Office is attempting to eliminate its backlog. Faster response and approval, especially in technology relevant to security, safety and chip manufacturing. GTCH appears to be situated to receive continued favorable attention because of its R&D activities to make technological improvements in all three of those areas. My guess is that additional approvals will occur within the next two months.
IF that is the case, what impact will those approvals have on generating revenue streams for GTCH? I would like to think A LOT! Yet, GTCH management has NOT provided any indication that they are pursuing actual contracts. They are big on expressing "potential" but lack any initiative to actually tell its SHs what prospects are in the pipeline.
It will take those types of PRs to move the pps up to any meaningful level.
Increasing the O/S further would aggravate any of those initiatives.
SANTA MONICA, Calif., Jan. 12, 2023 (GLOBE NEWSWIRE) -- GBT Technologies Inc. (OTC PINK: GTCH) ("GBT” or the “Company”) received a notice of publication on December 22, 2022 ( Publication No. 2022/0405966) with respect to its wireless motion detection and imaging patent, internal code name “Apollo”. The continuation patent application seeks to broaden the scope of a radio based, real time, motion detection and imaging technology. The patent application describes a machine learning driven technology that controls radio waves transmissions, analyzes their reflections data, constructs 2D/3D images of stationary and in-motion objects. The described technology works in an indoor and outdoor environment and its range can be extended to cover larger areas using repeaters. The system is capable of constructing people’s movements in real time and detecting hidden objects. The described technology detects small volumetric changes which make is an efficient system to wirelessly measure human vitals like heartbeat, breathing rhythm, blood oxygen, and blood pressure. It can detect human’s falls or falling asleep during driving. GBT plans to expand its research in this field, to identify possible commercial applications for the Apollo patent.
"Our Apollo patent is essentially an AI driven, wireless computer vision system, and we believe that it could introduce an efficient innovation for important fields including autonomous vehicles, health and security. The continuation application aims to further broaden and expand the patent’s IP scope. The patent’s includes machine learning algorithms that enable the analysis of RF data using neural networks, identifying living and stationary entities, and constructing their computerized imaging. Due to the fact that it can identify small volumetric changes, it can measure human’s breathing rhythm, heartbeat, and even detect falls. The system is planned to be produced in the form of an electronic device, with a similar size and shape of a typical home Wi-Fi router, that could be placed in a room to monitor an entire house area. The described system’s range can be easily expanded using repeaters to cover very large areas. We believe the "Apollo" technology could be used in wide variety of domains such as driver’s sleep detection, intruder detection, airports hidden object detection and person-of-interest facial recognition. We are currently investing R&D efforts to evaluate the concept in the field of obstacle detection and plan to further research into intelligent applications in this area,” stated Danny Rittman, GBT’s CTO.
There is no guarantee that the Company will be successful in researching, developing or implementing this system. In order to successfully implement this concept, the Company will need to raise adequate capital to support its research and, if successfully researched, developed and granted regulatory approval, the Company would need to enter into a strategic relationship with a third party that has experience in manufacturing, selling and distributing this product. There is no guarantee that the Company will be successful in any or all of these critical steps.
The company is selling to bloat OS so they can do the 1 for 500 Reverse Split. Like the last two many shareholders are going to get hurt.
Harold
The CEO sure makes it obvious that his intent is to draw down the A/S. Remarkable that SHs have not received ANYTHING to believe GTCH is also pursuing any revenue streams. What the management tells its SHs sure makes us believe they have something to offer to numerous BIG clients. Yet, no mention of any contracts (in the pipeline or otherwise). Curious at this stage in their development. Is the only intent of the CEO to build into a buy-out?
Looks like the MMs are ready to dispose of new shares to all on the bid at 6s too.
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!!!
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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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