GBT Technologies Inc (GTCH)

[Can'tSparTheGhost]

🚨 $GTCH

💰0.0001
(https://www.tradingview.com/symbols/GTCH/?offer_id=10&aff_id=29379)Pink Limited, AS: 30B, OS: 16B, US: 16B

Update Delay: 72 hours (https://telegram.me/otcupdatesbot?start=joinnow)

🟢️Delinquent SEC Reporting Badge Removed

Chart (https://www.tradingview.com/symbols/GTCH/?offer_id=10&aff_id=29379), OTC Profile (https://www.otcmarkets.com/stock/GTCH/security), Twitter (https://twitter.com/search?q=$GTCH&src=typed_query), @otcupdates

🚨 $GTCH

💰0.0001
(https://www.tradingview.com/symbols/GTCH/?offer_id=10&aff_id=29379)Pink Current, AS: 30B, OS: 16B, US: 16B

Update Delay: 72 hours (https://telegram.me/otcupdatesbot?start=joinnow)

Tier Updated:
🔴 Pink Limited Information
🟢 Pink Current Information

Chart (https://www.tradingview.com/symbols/GTCH/?offer_id=10&aff_id=29379), OTC Profile (https://www.otcmarkets.com/stock/GTCH/security), Twitter (https://twitter.com/search?q=$GTCH&src=typed_query), @otcupdates

[Porch Honkey]

Yes it did, The Shell Risk designation indicates that a company displays characteristics common to Shell Companies. This designation is made at OTC Markets’ sole and absolute discretion based on an analysis of the company’s annual financial data and may differ from issuers’ self-reported shell classifications in their own public filings. Our analysis evaluates asset composition, operational expenditures, and income related metrics. No action is required by a company to perform the evaluation other than publishing current annual financial information.

[hawk2421]

Did the 10k trigger the OTC to designate GTCH as a Shell Risk? Thoughts?

[werd]

The federal reserve of the OTC🙄

[bucks2pennies]

Things are never easy to understand for your average retail trader. Samsung's 3D NAND memory, which surpasses the 236-layer eighth-generation version by expanding bit density by 50% is a vertical construct not the same, it appears, as the 3D Samsung produces.
"This latest memory product (of Samsung) enhances data input and output speeds by 33% while reducing power consumption by 10%. The rise of generative AI, which demands significant data capacity for machine learning and processing, has fueled the need for greater NAND memory capacity. In response, chipmakers are vying to increase storage capacity by vertically stacking memory storage elements.

Doesn't GTCH's patented process use "surround the chip", 3D... three dimensional, not only vertical?

[Porch Honkey]

Over 397.000,000 on the ask, you could buy them all, and they will just print more fake shares.

[Porch Honkey]

Number four of the most shorted OTC shares as of yesterday.
Shares are counterfeit and it cost them nothing, and they do not have to cover if you buy them, they just print more fake shares just like the Rothchilds do, its all run by central cabal bankers, they own wall street, rules for you but not for them.
(GTCH)
Naked Short Interest
GTCH
- Short Volume Report (REGSHO)
All RegSho Dated reported by: FINRA
Historical Short Volume Data for GTCH
Date Close High Low Volume Short Volume % of Vol Shorted
Apr 23 NA NA NA 21,903,152 20,103,150 91.78
Apr 22 NA NA NA 5,433,199 3,309,999 60.92
https://www.otcshortreport.com/company/GTCH

[bucks2pennies]

I must admit OB that I am in the dark because of the information I do not have to really have a handle on what I submitted as a post. Either way I go, the numbers do not add up. WS math leaves a lot to be desired. How can you learn math when the instructors at the SEC have no clue how it works either.

[OnceBurned]

I don't deny there is naked shorting all over pinky land. BUT ... when you have toxic debt holders that are drawing down a half a billion or more NEW shares each month and immediately dumping them into the market, it must be pitifully easy to cover your short bets with the purchase of these newly-issued shares. You could even time your short bets with a new dump of toxic debt shares if you had the right info, coordinated with MMs, etc. I can't purchase shares below 0.0001--trading platform won't let me. But somebody is purchasing well below 0.0001, orders filled I suspect with sales of newly-issued shares by debt holders who have converted their debt (which they purchased at a very steep discount in the first place). It isn't really a naked short if your broker has shares to "lend" you while you short the stock. And when a half a billion or more NEW shares are being issued to toxic debt holders each month, I suspect that the shares are there to lend to short sellers.

[32Mplushares]

Good Morning Everybody!! 🤗 Its another beautiful day. 💫.
Too much info here for me to fully comprehend...("no compression") as my Mexican employee likes to say when I ask him to do something. lol.
I hope the best for everyone, hopefully one of these days she'll pump. A pumping sticky pink? that could be misconstrued...happy day everybody!

[bucks2pennies]

Sorry - have to revert back to talking about my favorite topic - MMs and naked shorting and its impact on the GTCH pps.

While retail share buyers often blame 'shorty' for their willingness to 'buy' contracts with the brokers/MMs in generating naked shorting, I must admit that I am still of the impression that it MIGHT be smoke and mirrors. That is to say that I am not sure some contracts exist at all to cover the full extent of naked shares on the trading floor.

I contend that all trading of naked shares traded during the day may be reported as 'shorting' as reflected in the OTC short report, as a lie. I am willing to place the majority of the existing naked shares squarely on MMs themselves....somehow counting what naked shares THEY possess (generate) and are NOT in the form of an existing contract - therefore NOT subject to the replacement of 'borrowed' rules of an actual contract. NOTHING is borrowed - these naked shares can exist and then NOT EXIST to the whims of the MMs. Cheating at its worst-case scenario as I see it.

Anyone on this GTCH board willing to comment on my "fantasy"?

[bucks2pennies]

Well stated OB. The trade environment is NEVER in favor to the retail trader in Pinkyland. In some cases better, some obviously much worse. GTCH is midstream ONLY because of its patents and the potential they hold in generating not only money but also the dramatic impact on the AI/Chip industry as a whole.

Retail traders will NEVER get their fair share of the pie - even though we too (in buying shares) provided GTCH with the majority of working capital. But I do expect something, because of the expected worth of their patents, significantly higher than what the current pps projects.

Losing money with GTCH, unless the retail trader 'got in' at a much higher personal pps than .003, should not occur...just don't expect to get the full higher gain that holding such 'risky' shares SHOULD have brought to you.

[OnceBurned]

MrMyers: Once a small company starts using toxic convertible debt, it is a race against time. I still hold out hope for GTCH—because it has a real product to commercialize. But a lot of time has passed and the toxic debt holder is squeezing very hard. GTCH isn’t selling shares on its own account. It appears not to have received a penny from the 8 Billion plus shares issued in 2023; all those shares went to holders of convertible debt entered into years ago. 2024 is probably the make or break year for GTCH. I’m holding my position. If GTCH could get some cash and pay off its toxic debt, we poor retail holders might catch a break. Big “if,” of course.

[OnceBurned]

32Plus: The holder of the IGOR Note obviously has already sold all the 6 Billion+ issued shares issued to him in FY2023 (crashing the stock price by dilution). Read my earlier posts more closely. He has probably also already sold the 3 or 4 Billion more shares that he has already no doubt received upon conversion of debt in FY2024. And he will continue converting and dumping huge chunks of shares until the balance of GTCH’s 30,000,000,000 authorized shares (probably about 13,000,000,000 today) are also issued to him at rock bottom prices … or until GTCH finds some cash and pays off his uber-toxic convertible note.

[32Mplushares]

sooo...When the IGOR holder sells all his (her) 6 billion shares, will the ask quit getting refreshed and the price finally start to move?

[Manspider]

We definitely need to build some sand castles before we vacate the box!

[werd]

We all know they play on the same team. Shame in order to make profits one has to depend on the naive...but we were all there at some point. The OTC is experiencing a slow death IMO. Just wanting one last hurrah before I vamanos this sandbox.

$$$GCTH$$$

GLTA

[MrMyers]

Wow! Thanks for your time and response. Very much appreciated! I really wish it was not "a thing" for small cap companies to finance in this way. It ultimately destroys most of them. Their shareholders get the worst end of the deal by far. Then again, I might do the same if I were a small cap CEO and desperately needed to finance ongoing operations.

[Monroe1]

How true. Likewise go to any state or federal Judicial Conduct Commission or State Bar and see how understaffed with investigators they are... oh yes, they throw the book at one or two for being a drunk and that's about it. Ever wonder why they never SunSet any State Bar? The real game has to be kept under wraps.
And going back to the SEC, just check and see who is the main attorney... she carries her maiden name but is married to a disgraced top investigative agency head.. the one who had the affair with his famous assistant. Yes, insufficient staffing where it matters, and over hiring where it makes no good sense.

[bucks2pennies]

Just another example of SEC's inability (due to maintaining insufficient staffing{WS intent}) to enforce much at all. I suspect the note holder is somewhat known at WS and has the clout to ensure his/her presence is covered within the smoke of making $$ on the sly.

[OnceBurned]

MrMyers, in response to your question:

The Law: Section 13(d) of the 1934 securities act, and Reg.13D thereunder, require the beneficial owner of more than 5% of a class of equities (such as common stock) in a public company to file a Form 13D with the SEC with 10 days of crossing the 5% ownership threshold. And most convertible promissory notes (including the IGOR Note) limit the note holder's ability to be the beneficial owner, at any time, of more than 5% of the equity security subject to conversion under the note. If a convertible note holder (or anyone for that matter), becomes beneficial owner of more than 10% of a public company's equity securities, they must file an addition form with the SEC and they automatically become an "insider" of the company for securities regulation purposes. Folks who hold 10% or more of a public company's stock (1) can be made to forfeit to the company "short swing" profits from securities sales {presumed "insider" trading} and (2) are prohibited from engaging in short sales of the subject security.

The holder of the IGOR Note received over 6,000,000,000 shares of common stock in 2023 based on conversion of debt. As there were "only" 10,000,000,000 shares issued at the close of 2023, it means that 60% of the entire outstanding shares of GTCH common stock were issued to the IGOR Note holder in 2023. Yet the IGOR Note holder, from what I can see on SEC Edgar, never filed as a 10% owner of GTCH; in fact, he never filed as a 5% owner. Never.

One possibility is that the nominal IGOR Note holder, who I believe lives in a foreign country, is simply a scofflaw and securities cheat, and that GTCH management has no ability or desire to stop his potentially unlawful activities. Perhaps the IGOR Note holder is a "cut out," fronting for someone else. I'll never know--neither will you. More likely, the IGOR Note holder is just making money, and escapes reporting to the SEC (or violating the 5% ownership cap restriction in the IGOR Note) by serially converting debt at a rate that is under 5%, and then immediately dumping all new shares into the market, and then not coverting debt again until GTCH's loyal retail holders have snapped up all the new shares.

At least 3/4s of the share dilution that occurred in 2023 is a result debt conversion by the IGOR Note holder--and presumed dumping of these shares (since no 5% or 10% ownership forms were ever filed with the SEC).

Hope this answers your question.

[bucks2pennies]

SHs obviously know by now that GTCH is highly shorted (naked, no less) but what is the need for MMs to put such a large wall at .0001? Constantly fighting back any buy surge is one thing but displaying a huge wall to begin with...serves what purpose? The O/S remains stable.

[bucks2pennies]

That AVAI PR was a mouthful. HUGE in the sense that what it says it CAN DO! I think GTCH may be finally getting some pps strength in having a significant number of AVAI shares...

Should see some AVAI revenue generation starting July.

[MrMyers]

Thank you for the summary!! I have a question regarding this sentence from the summary:

"So, in 2023, the holder of the IGOR Note received shares equal to 60% of the total O/S of the company, yet apparently never held--at any one time--more than 5% of the company's stock (which would violate the Note terms). "

Here's the question: What is the 5% max holding rule based on? "Approved shares"? The company is worth what the market is willing to pay (i.e., market capital). So, how can a lender own 60% of the stock yet own 5% or less of its value? In the case of the IGOR note, did the lender buy/sell no more than 5% of the company's stock at a time ... repetitively?

Appreciate you.

[canthelpit]

GTCH still hanging as well,, collecting small hand fulls at a time ,,, ""waiting for it"" MANSOUR still mia ,, should be pr next day or 2 if history repeats and bring in a bid,, i said by tuesday . Fingers crossed............................ GLTA

[32Mplushares]

I'm still here too...I'll keep building toward my 100 million shares goal.

[Porch Honkey]

AGREED.

[bucks2pennies]

I hardly ever spout facts - I do have strong opinions. While posters have the certain right to express doubt GTCH is the real thing (given the type of 10-Ks they issue, I WILL say I believe wholeheartedly that SHs will do right here. I am convinced that the patents they hold are golden. The fear is truly warranted given the tight hold WS has with their MMs. Naked shorting is far over the line from legitimacy.

Yet, SHAREHOLDERS OWN A PIECE OF THE ROCK. It is highly unlikely GTCH could fold and their golden patents sold off in a fire sale. If money is to be made, SHs share in the proceeds. IF the substance is real (Isay it is), these patents ARE GOLDEN and should provide a significant gain for retail holders.

In the end, we may get the short end of the stick, but our stick will be golden enough to far exceed anyone's holding of a personal pps of .003 or less. Chin up!!

[Porch Honkey]

Nicely said, thank you for your input, and I agree with you.

[hawk2421]

To quote Steve Carell from the movie "The Big Short" GTCH's 10k is dog**** wrapped in cat****. Keep moving around shares (debt)... where it stops no one knows.

[OnceBurned]

My analysis was through 12/31/23—the end period of the 10-K’s comprehensive data disclosure. A lot has happened since. Five billion more shares have been issued already in 2024. Somebody is already making a lot of money spinning GTCH stock—just not individual retail shareholders. Maybe our day will come someday.

[bucks2pennies]

It appears that there has recently been a much larger gap between naked short trade and real retail trade. That is, I am suggesting that there actually is a substantial amount of shares being bought up. How that could be without GTCH management issuing more new shares out of the A/S is not clear. I am suggesting that there might be some inside trade occurring pre-BIG PR??? Just stated so I can feel better...

[bucks2pennies]

You are definitely a greater person than I am! Believe it or not, given the length of your post, you accomplished a well-BRIEF summary of that obnoxious 10-K. I simply got sick when I attempted to do so. Much appreciated OB. Personally, I still think a buyout is a real possibility and another means of cleaning the slate of their toxic debt...rather than another patent sale... I favor a full-flush down the drain of ALL of their admin nightmare once and for all. Any company willing to do that has to have BIG balls! What a mess.

[OnceBurned]

There has been a lot of talk of GTCH issuing shares, leading to massive dilution, during 2023. My theory has alway been that virtually all the 2023 additions of shares have been pursuant to share conversions under "toxic" convertible notes, especially the so-called IGOR Note. The 10-K confirms this is true.

The 10-K, on P-6, recaps that at the close of 2022, GTCH had O/S of 1,535,593,440 (about one tenth of today's O/S). A year later, at the close of 2023, the O/S had inflated up to 10,253,965,062. That means GTCH issued 8,718,371,622 shares during FY 2023. Did GTCH harvest any money from those issuances? No. P-6 also makes clear that during 2023 it issued 8,618,101,622 shares to holders of convertible notes, upon conversion of debt. It also issued 100,000,000 shares to a vendor for services. That's it. No other stock issuances.

So, who were the convertible note holders who got the 8.6 BILLION shares? Number one is the holder of the uber-toxic convertible note, called variously the IGOR Note or the GBT Technologies SA Note. That note holder got 6,309,235,284 shares! Two other convertible note holders, Stanley Hills and 1800 Diagonal Lending, got 1,157,809,793 and 1,002,897,711, respectively. There were a few other minor conversions.

So, for debt conversion to 6,309,235,294 share in 2023, you would think that the IGOR Note was almost paid down, right? Wrong! On 12/31/22 the unpaid balance under the IGOR Note was $6,395,531; one year (12/31/23) and 6,309,235,294 shares later, the unpaid balance stood at $5,175,496 (see page F-22). The IGOR Note contains a requirement that the note holder may never own more than 5% of the company. But, remarkably--and this is a toxic feature--it doesn't contain a lock-up period for shares gained on conversion or a less restrictive bleed-out provision that limits how many shares can be sold over time. So, in 2023, the holder of the IGOR Note received shares equal to 60% of the total O/S of the company, yet apparently never held--at any one time--more than 5% of the company's stock (which would violate the Note terms). Answer: conversion shares were quickly dumped on the market very soon after receipt, paving the way for another share conversion and dump. Rinse and repeat.

The second reason the IGOR Note is toxic is because its share conversion price is at a discount to average share prices. Thus, the lower the share price goes, the lower the "strike" price for debt conversions to stock. So, as the IGOR Note holder dumps his billions of shares into the market, causing the PPS to plummet, he is simultaneously reducing the strike price at which he can convert debt to shares in the future. Does this matter?
Page F-29 shows that on 12/31/22, the company had "derivative" liability a mere $1,714,143. This is essentially a measure of latent liability of the company under convertible notes. A year later, on 12/31/23, derivative liability of the company had climbed to $14,116,062--even though the company had paid down some of the balance under the toxic notes! As the footnote indicates, the rise in derivative liability is due to the dramatic drop in PPS during 2023.

I hold a largish position in GTCH. I believe in the company's theoretical potential. My fear has always been of the toxic note debt that is strangling strangling GTCH, and shocking diluting retail shareholder. So for me, I don't look for favorable PRs or joint ventures with possible future upsides. I look for one thing only: the day when GTCH receives some actual cash from the sale of a patent or technology and uses that cash to pay off its toxic convertible notes. When that day happens, GTCH will have an enormous anchor removed. Until then, everything else is just a popcorn fart.

[bucks2pennies]

GTCH is certainly a drain on time and patience.

[marylandstockguy]

Good morning everyone. Hope you all had a nice weekend. No matter what this 10-K means in the short-term, it's nice to see GBT reflected as pink current on the OTC Markets site again.

[bucks2pennies]

My problem is that SHs have NOTHING to determine REAL value. When that is the case, I tend to undervalue rather than the opposite. Existing contracts are 'contrived' based on untested/developed potential and on share value that has not been determined via true retail trade.

My rather dismal post primarily depended on the 10-k display - very convoluted, diluted and misinformative as to current SS and insider involvement.

My DD and consistent involvement in active posting and apprising other's posts keep me here willingly. I can taste the green lying about on all that GTCH touches - hints of gold seems to point to an enormous bloom.

I intend to be ready when the fruit ripens - and it WILL!

[32Mplushares]

Samsung and GTCH…Anyone hear anything yet?!?

[canthelpit]

GTCH Bucks ,, my hopes are not yet steering me in the direction of a buyout just yet. There is still to much value in the vaults at GBT for a package deal IMO. To many direction for them to go. They retain the rights to AVANT! AI and this whole VISIONWAVE/BANNIX journey weather legit or for publicity we don't yet have a grasp on to where this will bring us ?? Alot of questions with what is on paper and where and when GBT can cash in on either. IMHO i feel thoes deals are worth 10 xxx more than what they are signed for but I guess you have to cover operating costs, just imo. As I hae stated many times before in the past the $$$ is going to be in the semiconductor sector ,,if it does every thing as stated it should be a legit deal for atleast if not more than many yes many BILLIONS of DOLLARS , hard to imagine but do your DD and you will see. The apollo alone for the slef driving ev's should have been up there as well if you compare the apollo patent to the china based Huawei that is estimated to have future worth between 28-35 billion Anyways we have alot going on here with QTERM ready for 3rd party marketing ,, semiconductor patents, an AI machine and on and on we go ,, sooner or later if not already one of the BIG boys will have there eyes on this and it better be sooner because technology is changing by the day. theese are only my opinions buy and sell at your own risk. GLTA

[bucks2pennies]

Given the 10-K, I think the 20% fee in securing a buyer is cheap IF they can get one. GTCH is a web of confusion...costly to clean. A buying company would have to absorb a hell of a high "nonreturnable" price to secure a sure picture of what they would actually get in the contract to buy once all the smoke and mirrors were cleared from GTCH's package. Given this 10-k and the history it depicts surrounding all the perceived value of GTCH/Tokenize patents, with the price they would pay to purchase - just exactly what would be the ROR/ROI?

I doubt the new 10-K helped to convince ANY buyer that they would want to take the chance...

[bucks2pennies]

10K quagmire. ONLY A BUYOUT can clean the slate. Nice to be on top of SEC reporting requirements...but I do not expect any movement as a result. The question remains per "WHO IS ON FIRST?" remains. The new 10K did not help matters.

[canthelpit]

GTCH jan-feb sat at trip 4 and then KABOOM shot right up ,,, a 10k released and a couple of pr's ,,, DEJAVUE same time same place alot more going this year than in past and alot more patents,,, MANSOUR where the hell are you ? Your share holders need their pr to get this thing rolling. theese are only my opinions buy and sell at your own risk GLTA

[oldstocks]

April 2023 .0004-.002

A run from .0001-.0017 would be nice.

Even a run from .00005-.001 would be a nice start

What kind of news will it take to get it moving?

[canthelpit]

GTCH 10K The way I read it they are pursuing government sales ,, drones,, AVANT AI shares still not received but in the hands of 3rd party ,, visionwave/bannix deal apollo,, tokenize has representation looking for a buyer,,, qterm ready to market to 3rd party and no mention of semiconductors wich might just be the game changer when/if it happens ,,,,,,So nothing directly bad in my opinion,,, a pr could make it take off,, again i say something going on since MANSOUR is dormant GLTA

[canthelpit]

GTCH Yes a little pr would make for a nice rum !! Look back at the trades exactly 1 year ago and then look at the pr's and see what the pps was then,,, hopefully a run like that again real soon . GLTA

[werd]

It means it's still pink current and anything is possible.

[werd]

We need merger news to rock this fatty!!!

[32Mplushares]

Does that 10k mean anything good for us holders?

[32Mplushares]

Does that 10k mean anything good for us holders?

[Manspider]

A nice little PR or some kind of pulse from the company would be great the beginning of the week to breath some life into this bloater!