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I doubt the people of NXT Bar still own any of their restricted shares and certain that Alexander Dillon doesn't and of the 6B free trading shares that were given him beginning 7/8/21. Dumping all those shares probably knowing what was coming helped the sp get to where it is.
A couple of the cases LuckyBoy posted .....
https://www.sec.gov/litigation/litreleases/2021/lr25169.htm
https://www.docketalarm.com/cases/New_York_Southern_District_Court/1--21-cv-06814/Securities_and_Exchange_Commission_v._GPL_Ventures_LLC_et_al/62/
Dillon, Grant, Canouse ....... no wonder GTEH is on the Expert Market being dumped out of accounts at $.000001.
$GTEH NO PRODUCTION NO STAFF AND MONEY IS WHERE ??????
You are undoubtedly correct.
Lovatt couldn't run a bath, much less a company.
I reckon we'd hear a louder pop from an ant's underpants than this POS stock.
Heard about it almost two years ago. Didn't cause so much as a "pop".
Have you guys heard about the new Lolopop they are going to distribute to Whole Foods? This could be explosive!!!!
@Slojab, You're right that the past matters. Unfortunately, a lot of context will get lost in the mix as time goes on. Lovatt's GTEH is a great offender of posting fluff.
There was one thing that I didn't catch until much later. Hindsight I guess.
The last big push, or B.S. fluff, was using the Walmart Open call competition.
Walmart Open Call 2022
That Walmart tweet was in June 2022.
However, RJ Runowski, the V.P. that was brought on to bring GTEH to new heights, left a month earlier, in May 2022.
RJ Runowski's Linkedin
Two things to consider with the Walmart Open Call.
One, GTEH/Fizzique wouldn't be able to handle supply for Walmart. They couldn't even produce 2million cans like they've boasted by December 2021.
Two, Your V.P. left the company before a big "possible" deal? Yeah, you take another month, another chance if there ever was one.
With no further update about Walmart's Open Call, Lovatt dropped the ball and announced the inevitable Reverse Split.
In a tweet ending the year of 2021, he says:
NO REVERSE SUBMITTED OR PLANNED
When asked about this when he announced the Reverse split, he says:
You don't plan a reverse months in advance. I DID NOT PLAN TO REVERSE THE STOCK
But did he really not plan it? I mean, again, this was his second time attempting to do a 500:1 Reverse Split, as we were able to see it in 2020. Except, second R/S took about 6 times as long to announce cancellation than the first.500:1 R/S 2020
This Walmart Open call event was a smoke & mirror to set off a domino effect for Lovatt & Armenta. After June 2022, PDPG & TQLB were then both sold, Sinfit & American Metabolix were both flipped for cash, and most of the Supplement Group USA which served TQLB/GTEH, left the team.
In TQLB/PDPG Lovatt & Armenta held common shares, whereas in GTEH they own 0 common shares. Perhaps that was why they were able to unload TQLB/PDPG while being stuck with the only option to reverse split GTEH. To create more shares to sell to toxic lenders. The other way to make money was through paying themselves $50k/month through Supplement Group Europe but demand for GTEH's products are low. No products sold means no funneling of $50k/mo to themselves.
No matter what angle you look at any of the deals/tweets/filings made through Lovatt, it just ridiculous. One example of many ... selling American Metabolix from TQLB to GTEH for $1.3M only to have it sold for another 155k. Where did all that money and value gone? Shareholders never saw a cent of that.
No problem. Thanks for contributing to the discussion.
@SmellMyFinger While I just made this account this week, I've been following GTEH since 2020. Didn't care much to post on here but seeing some of the things posted lately, I thought I'll put in my two cent.
I couldn't agree more. I've been invested in this company only since early 2021 and started to grow increasingly skeptical since following Lovatt's Twitter feed the past year. He still actively posts and retweets about political ideology but never provides updates about the company. I would even take a confirmation of ill intent from him over all of this silence and uncertainty.
True. But people think the past is irrelevant with regards to trading the present. Often the CEO's history is not looked into. I only took notice of Lovatt when he proposed the 1:7000 R/S back in 2018 when it was Pocket Games and Gentech was just a name with no assigned business plan to it.
It's ridiculous how much of a checkered past some OTC stocks have. It's like getting into a relationship with a heavily traumatized individual, except that they won't let you leave. I mean, we can't even sell the stock at a realized loss because it's stuck on the "expert market." Would be comical if not so absurd.
If nothing else, it serves as a constant reminder to me to exercise more caution and dig deeper regarding the past of CEOs. $GTEH has almost paid for itself in entertainment at this point. Thousands down the drain. I'll consider it a donation.
There are no details to share. I simply passed along the post to someone who investigates scams as a hobby and has experience with the SEC. Unfortunately, the way the SEC operates is to not discuss investigations. Even to divulge if one is ongoing.
Shareholders will just have to wait and see what, if any, developments come along.
@Slojab, could you please share the details of your SEC related comment either here or by DM to me. I have a few additional OTCM companies that should be 100% be formally investigated. Thanks in advance.
Hopefully that gave you an even better insight
It does. And hopefully, for shareholders, as well.
Have you made this information available to the SEC for them to check out? If not, I know someone who does that will.
Joined ihub on 04/12/2023? Thanks for the insight.
About a month before the big run up to .0189 stock high in 2021, Armenta and Lovatt sold all their common shares and created Supplement Group Europe, which would control everything in GTEH, with 1 preferred share.
The way they would get compensated was through an agreement between their two owned entity, GTEH & Supplement Group Europe, for a tune of $50k/month.
GTEH/SGEurope Agreement
They also had an agreement with TQLB and Supplement Group Europe. Yeah, they had multiple owned public company under their private entity. How convenient, especially when you can sell one subsidary (American Metabolix) from one public company to your other, for cash. *Shareholder's cash* Then flip it for more cash, at the end of its cycle and pocket that.
TQLB/SGEurope Agreement
So how else do you create value for yourself, as an owner, if you have 0 common shares? Sell diluted shares while selling out assets. A few months after Supplement Group Europe came about, the A/S was raised to 40Billion. Remember, in 2019/2020, they made shareholders believe that they were not going to dilute any further. In fact, they were going to heavily reduce it. Anti-Dilution Initiative
There's also Donnell Suarez, who is an attorney. Pretty much does background work. However, Lovatt's Green Light Development overlaps it but it still receives $8k/month since 2017, when GTEH was still PKGM. Essentially, Lovatt pays himself through different private channels. Suarez received 2,753,000,000 shares. Was that a reasonable fee for an attorney? That represented 9% of the entire float. What did Suarez really do for GTEH for that amount?
Had the reverse split went through, Lovatt was proposing a 500:1 Reverse Split. That would have left the Outstanding share at 61 Million but the Authorized share at 12 Billion. Think about that. Lovatt was saying the A/S would be "in line" with the O/S. laughs
Kyle Brammer (Sales Director) left Dec. 2022
Josh Pittman, (COO) left Jan. 2023
RJ Runowski (VP) left Summer 2022
Yet, Lovatt continued to try to pump this albeit lesser and lesser as he finally announced the R/S was cancelled in February 2023. But this is not the first time the 500:1 R/S was cancelled. The same thing happened in 2020:
2020 500:1 R/S Cancellation
Except, the first time around, it took two months to get announced. The timing of the second 500:1 R/S is suspect. A few weeks before Lovatt's annoucement of the cancellation, Armenta brings back JACS Nutrition, from (Deliquent) to (Good Standing.)
JACS Nutrition Filing
Colorado State: JACS Nutrition
That's 13 years ago. Why now? They already gave up TQLB & PDPG, Sinfit & American Metabolix, all at the cost of shareholders. Is JACS Nutrition the next thing? Lovatt also has some ownership in ARMC, but that came as part of a package when he took over TQLB, formerly known as Commodore International. But who really knows, with the amount of tickers he went through in the past.
Then there's the whole rule 144 thing.
Rule 144 /Basile Law Firm
This has a connection to the current lawsuit (East Capital Investments Corp. v. GenTech Holdings, Inc.). You can see, Basile Law Firm pulled their representation out. ECIC v. GTEH
The Link above, about rule 144 from SPCC (Small Public Company Coalition), mentions both Basile Law Firm and Lovatt (GTEH).
The letter in question about Lovatt and Rule 144 is linked below:
SEC/Rule144 Lovatt
You can see it was written and dated on November 30, 2021. However, many unrestricted/free-trading occured soon after, dropping the share price to where it is now.
It's not really about the products, how good or bad it is. It's the toxic shares being sold while funneling money out to private owned companys, all owned by themselves. Possibly leaving Supplement Group USA to take all the liabilities?
And Fizzique, even if it was great, wasn't going to last long anyway. Its patent will expire in 2025. And Next Proteins Inc. (David Jenkins) owns it, not GTEH.
Hopefully that gave you an even better insight.
$GTEH DAVID LOVATT IS IN ST.AUGASTINE FLORIDA WHERE HE LIVES AND FROM DNAD AND OTHER COMPANYS OVER THE DECADE LOVATT HAS BEEN WORKING WITH ..THEY ALL HAVE HUGH DILUTION SHARE SELLING ALL OF THEM AND USUALLY NO PRODUCT NO STAFF NO OFFICE AND PICTURES OF A PRODUCT SKID IN SOME RENTED WHAREHOUSE YOU WOULD THINK THESE CEO SCAMMERS WOULD BE AWARE THAT SOONER OR LATER THE $SEC $FINRA $FBI IS COMING FOR THEM
I know about SDKI. And Green Light.
This however, "Lovatt & Armenta went on to sell all shares in GTEH and opened another entity, Supplement Group Europe" is something I wasn't aware of. I'll check it out.
Don't know about Grant's involvement here but I posted that Jeffrey Canouse is now CEO of PDPG.
All you've posted helps to explain why the sp has gone to $.000001.
Thanks.
Sun Kissed CEO, Mr. Carl Grant, stated today that, "We have worked with Green Light to help us meet our liabilities over the past two years, and they have been a fantastic partner. In the current economic climate, we need to be as lean as possible and we have used this to agree to a complete forgiveness of debt. We are extremely satisfied with our tough negotiating stance which sees Green Light with no equity or debt position whatsoever in Sun Kissed and we part ways at this point completely.
https://www.newsfilecorp.com/release/54169/Sun-Kissed-Industries-Cleans-Balance-Sheet-with-242595-of-Debt-Forgiveness
Green Light (Owned by Lovatt) Who then took out two SBA loans during the Pandemic.
SBA loans:
https://www.federalpay.org/paycheck-protection-program/green-light-developments-llc-saint-johns-fl
There could have been a post about Carl Grant being Lovatt's bartender/buddy back in the U.K. around that time. Apparently both came over to the states and began their scheme.
I haven't gone too far back but there's certainly a connection.
Lovatt brought over Leonard K. Armenta from SDKI. Armenta took with him to GTEH, his ownership of Sinfit Inc. A few months later, GTEH acquired Hakuna Supply from SDKI.
However, GTEH reversed the acquisition. Not only did Lovatt reverse the move but he used his private company, Green Light Development LLC. to take care of all debts owned by SDKI.
Who was SDKI's CEO? Carl Grant.
Lovatt & Armenta went on to sell all shares in GTEH and opened another entity, Supplement Group Europe. This isn't the same as Supplement Group USA, which all the subsidiaries are under. Possibly S.G. USA taking all the liabilities while S.G. Europe reaps all the benefits?Anyway, along with this move, they've created two more public tickers, PDPG & TQLB.
And who was the recipient of lending them Millions and Millions of free-trading, unrestricted shares in all three tickers? Carl Grant.
There is no coincidence here. But the question is, how far back does this actually go?
SmellMyFinger - good sleuthing on Lovatt in 2011. In 2011, DNAD was a UK / English video gaming creating business entity, based in Lemington Spa area. The CEO of the gaming biz was one, Ed Blincoe, a game creator who had some UK video game creation wins. Lovatt. was the COO for this video gaming biz. Not sure how long. It seems, he didn't stick around in England, although he'd been to high school and then University of Huddersfield in Yorkshire Apparently, he appeared in NY some time in 2011 approx. Wonder where Lovatt is now?
As of March 7 2023, and on and before this date, and in late 2022 / early 2023, all legal counsel for GTEH withdrew legal representation. This withdrawal was approved by Judge Stanton, the presiding judge in the GTEH case. Judge Stanton's court seems to be in the Southern District of New York, where GTEH had originally been filed, by CEO David Lovatt, almost a decade ago. All NY phone numbers for GTEH and David Lovatt are now shut down. Not surprisingly, FINRA and the SEC has discovered various illegal stock fraud activities. Legal charges are about to be, or have been, served and executed by SEC prosecutors against certain entities and known individuals, which have been fraudulently trading in many millions of GTEH shares for some months in 2022 and apparently in 2021 and now in 2023. GTEH share price as of April 17, 2023 is $0.000001 = worthless?
$GTEH I and possibly a few more people sent letters to SEC and FINRA and the atty general of Florida because LOVATT has been scam diluting dumping shares and pumping the stock and then selling to zero share value with little or no product or sales and doing this for almost a decade with every company Lovatt has been associated with
I don't know. I haven't been following any court cases involving GTEH.
Is the East Capital Investment Corp. lawsuit related to those cases though?
No, I was asking about the cases mentioned in this post.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171671531
What lawsuit are you talking about?
Is it this one? This one is still ongoing.
East Capital Investments Corp. v. GenTech Holdings, Inc.
https://www.pacermonitor.com/public/case/42846138/East_Capital_Investments_Corp_v_GenTech_Holdings,_Inc
If the case goes badly for GTEH, I imagine they'll end up being deemed "worthless shares" and you'll be able to liquidate them from your account.
Based on what Lucky Boy posted, it at least explains why the shares are at $.000001.
Thanks. That doesn't sound good at all. Can you provide help in searching the site for something that specifically mentions GTEH or Lovatt?
https://www.nysd.uscourts.gov/
What would I put in the search box that asks for "Case Name"
…the charges don’t surprise me. Any clue what may happen to shareholders?
FINRA referred GTEH associated parties to the SEC.
It appears that according to the SEC, these associated parties have violated anti-fraud provisions and Federal Securities Law related of GTEH shares dealings. The SEC and a team of SEC prosecutors have subsequently charged both individuals and entities, with violating anti-fraud provisions and Federal Securities Law.
For more details: S.D.N.Y. filed August 13, 2022.
See Litigation Release No.25169, August 16 / 19 2021:
SEC v. GPL Ventures LLC. SEC v. GPL Management LLC.
SEC v. Alexander J. Dillon and Comin I.Panait of GPL.
SEC v. Seaside Advisors, LLC. SEC v. Lawerence B. Adams.
That they are. Lessons on the OTC are both painful and expensive. Not much of a choice but to just wait, watch, and see how this all plays out for $GTEH.
Lessons are hard to learn on the OTC. And judging by the replies to his post that were praising him, none of them learned any, most likely.
I especially liked this statement.
I resigned from all my other posts recently in other companies because I believed it was in the best interests of those companies
Yes, a company without Lovatt involved is very much better off.
Perhaps. The lack of updates is disconcerting. I dug deeper than nodummy's DD and found this post by David Lovatt from back in 2011. It's one of four posts that are still available to read. Unfortunately, it seems as though not much has changed over the past ten years. Lesson learned (hopefully).
I hadn't ever been to his personal Twitter page. I'm not impressed. But now I know toasters are not set to minutes but to determine toastiness.
He hasn't posted to the company Twitter page since September of last year.
https://twitter.com/gentechholdings.
I first started posting on this board in 2018 when it was PKGM. This is what nodummy had to say about him back then.
The availability of $GTEH products remains an issue... Fizzique and SinFit products are available on Walmart's website, albeit through third-party sellers at an exorbitant cost with a severely limited selection to choose from. The muscleandstrength website has Fizzique and SinFit products available as well, both priced more reasonably and with more to choose from regarding the latter. I've ordered protein isolate powder and supplements from muscleandstrength in the past and never had any issues with them.
You may be right about management failing, which is good for shorts but obviously bad for longs. I fall into the latter camp and bought what they were selling (figuratively) a while back. Since then, I've learned. Just checked and it seems the CEO has reinstated his Twitter page and is back to pushing mainstream political narratives rather than focusing on the production and distribution of GTEH products at a more reasonable price. #priorities
No worries. It was easy to mistake my stance on GTEH because it has shifted over time. As a matter of principle, I only ever hold long positions in companies. Naturally, I was more bullish with GTEH in the beginning because of the product line, but that was prior to everything unfolding over time. What you quoted in the "About" section of my profile applies to CEOs and companies I invest in as well. Even if it's detrimental to my financial welfare, I'll align with the truth. Ergo, David Lovatt needs to put political ideologies aside and instead focus more intently on the production and distribution of company products, thus generating revenue, while keeping shareholders more informed.
True. Both that their products seem marketable because apparently they are available and that anything is possible. But are they still or will they be much longer?
Management may have indeed failed here.
Sorry if I mistook your stance on GTEH when you questioned my and other's position here.
Per your PM which I can't respond to (free account), there's not much to be bullish about presently. I thought that went without saying and took your question as being rhetorical given the circumstances. $GTEH's management has been silent for quite some time, the PPS has remained in the low trips, retail trading has ceased (dark/defunct), a future reverse/split is on the table, and the CEO seems far more focused on tweeting political nonsense than updating shareholders on upcoming catalysts. I made most of those points in prior posts and didn't think they needed repeated. Nevertheless, your private incitement effectively elicited this response.
To be clear, I think fizzique and a few other $GTEH products are still marketable and could generate revenue in the future. I haven't been impressed thus far with the current management team so I won't hold my breath, but I know for certain that just about anything is possible.
I'm gonna go out on a limb and say there should be about 2B on ask at .0001 with 30B OS.
Expert Market means that only selling is allowed. Who would buy this crap?
Dunno. I never paid any attention.
I can't imagine there would be much being on the Expert Market.
How much is on the ask during Market hours?
What is there to be bullish about?
Yes, obviously.
Bearish, obviously.
So, bullish or bearish?
I know that. The question is why has retail been dumping GTEH out of their accounts?
There are plenty of tickers that look worse than GTEH that aren't in this position. It doesn't make sense to me. The answer might come if Lovatt ever submits the annual to OTC Markets.
Or there may never be an answer. It sucks if one is a shareholder.
The .00001 and .000001 trades is retail calling in to their brokerage to remove a worthless security. It happens all the time for no bid tickers.
I think there's something going on that shareholders aren't aware of to account for the shares trading on the Expert Market at $.000001 and it may involve Finra. Are they under some kind of investigation? It may have something to do with the maxed out SS.
Joe Canouse, do you have any input on this? How about you, Vic Devlaeminck.
Also, while I'm thinking of it, why did Finra deny them the request to change the name to Supplement Group in 2021?
And last year, when they asked to change the name to FIZZIQUE NUTRA INC, a ticker change and a 1:500 reverse split they again have not been able to gain Finra's approval.
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