GenTech Holdings Inc (GTEH)

[Slojab]

Yes, you're right. Shows his ego that he pinned that sarcastic tweet. Maybe the question could be asked again?

I had to go back to see what caused the "brilliant" remark.

https://twitter.com/SeloBrate/status/1612165339206373378

[SmellMyFinger]

Not last (most recent) tweet, but pinned tweet.

[Slojab]

I see that his last tweet was with regards to the company.

https://twitter.com/lovattceo

Thank you for your kind words. $GTEH

Although Lovatt may not be too adept at picking up sarcasm.

[SmellMyFinger]

Because of the latter I peruse the former.

[Slojab]

You're on his personal page.

The company website hasn't been posted to since last year.

https://twitter.com/gentechholdings

[SmellMyFinger]

Still no updates. Lovatt just posts political nonsense.

[SmellMyFinger]

No worries about the timing of your response. I appreciate your patience in helping to clarify that stuff for me. I've been confused for a while what the "?" trades were and also why OTC stocks were being listed as Nasdaq trades. I think I better understand the former and I too assume the latter is just a mistake. Thanks again.

[Slojab]

Putting "nasd" on the trades tab is wrong. GTEH trades on the OTC as you know. And so far as the ? mark goes, that merely means that the trade can't be categorized as either a buy or sell since there isn't a B/A for GTEH since it's on the Expert Market.

Check this ticker's trades. A different situation where the trades that can't be categorized as either a buy or sell are in the ? column because the trade went off between the B/A.

https://ih.advfn.com/stock-market/USOTC/jns-pk-JNSH/trades

Sorry for getting back to you so late. Been on the road since 8:00 this morning.

[SmellMyFinger]

In my previous post, there is a link: GTEH ("trades" section). On that page, daily trades are shown. The columns from left to right are:
| Num | Exch. | Price | Size | Type | C | T | Bid | Ask | Time | Buy | Sell | ? | Buy Ind. | Buy Vol. | Sell Vol. | ? Vol. |

On that particular page, yesterday (happened on other days as well), a trade was made for 10,000 shares at $0.000001/share. Under the Exch. column, it listed "nasd" and under the Price column it listed "$0.000001" for that solitary trade. Again, I could just be misunderstanding something.

[Slojab]

I don't know where you're seeing a trade on the Nasdaq exchange for an OTC issue or where a question mark is shown. A question mark would normally just indicate a trade that went off as neither a "buy" or "sell", since there wasn't a spread at the time.

[SmellMyFinger]

Maybe I'm misunderstanding something. The "trades" section for GTEH on ihub indicates an order for 10,000 shares at $0.000001/share was managed on the Nasdaq exchange at 10:35:38 today, listed in the "?" column. So much about that doesn't make any sense. An OTC stock getting sold for that low of a price on the Nasdaq exchange, for starters. Then there's the mysterious "?" column.

[Slojab]

No one. And even the MMs holding the stock that shareholders dump out of their accounts may not be able to sell them back to retail at $.0001.

MMs have to take the bad with the good.

[SmellMyFinger]

Other than MMs, who can even buy $0.000001s?

[Slojab]

I mean no one knows why the stock is trading at $.000001.

[SmellMyFinger]

What do you mean?

[Slojab]

It's a real shame that shareholders have been left in the dark as to what the situation is here.

[SmellMyFinger]

Until we see otherwise, I guess that's true.

[Slojab]

In the long run, nothing. And the short term, as well.

Because I think GTEH is done, regardless.

[Cl5Pascal2671]

It doesn't mean anything at this point. The settlement in GPL's SEC case says GTEH only gets two dates of issuance returned. One on 12-16-20 for 120,000,000 and 1-12-21. However, 1-12-21 is either a typo or not showing on Earning reports. Regardless, it wouldn't make a difference considering GTEH recently lost their lawsuit against East Capital Investment Corp and is going to be delisted by the State of Colorado. Deliquent by end of June.

There is another Lawsuit with "Bevsource," as Lovatt claims. However, they signed a contract with Macrocap Labs not Bevsource. Lovatt could have been making up another misleading statement there. Don't know the result of that one though.

GTEH is over. VP, COO, and Sales Director already left the team, Sinfit & A.M. being sold, and Lovatt got rid of both TQLB & PDPG. All three were under Supplement Group USA, not to be confused with Supplement Group Europe, which was a different entity that had contracts with their public Tickers.

Assuming there is cash coming in from the above settlement (which wouldn't be much anyhow), GTEH has to pay themselves first through the Supplement Group Europe agreement (50k/month) along with Green Light Development LLC (8k/month).

To add, even after the report came in on GPL and Alexander Dillon in Fall of 2021, Lovatt continued to work with him between July 8, 2021 to April 6, 2022, amassing over 6 Billion Shares.

That would make the above settlement peanuts compared to what was given thereafter, knowing how detrimental those toxic shares would have decimated shareholders.

[BluePuppet]

What does this mean for GTEH? Good?

[AJH92]

SEC Complaint Settlement May 2, 2023 - GPL Ventures Notes ordered to surrender for cancelation all remaining unconverted convertible notes still held in $GTEH

https://www.securitieslawyer101.com/2023/sec-obtains-final-judgments-against-alexander-j-dillon-cosmin-i-panait-and-their-corporate-entities-gpl-ventures-llc-and-gpl-management-llc/

[Slojab]

Hi, Di. Yeah, we figured it wasn't because of GTEH. Thanks.

I know of no way a public company can enter into bankruptcy without a notification to shareholders. When a company does, it gets a Q attached to its ticker symbol. It would also be noted in their annual filing, which it wasn't. I've followed this ticker (never invested!) since 2018 and would know if they had gone into BK.

I wouldn't be surprised if they don't go into bankruptcy soon because their financial situation stinks but I believe the TDA broker is mistaken.

Good luck in your future investments.

[Di_di]

Hi Slojab, I don't have subscription to reply privately, but I only know what TDA told me, the TDA support guy literally said they went bankrupt in 2020 and idk where he got this info from and if there was any filling for that. That's all what I know.
ps. my TDA account was closed not bcz of gteh situation, different reason.

[Cl5Pascal2671]

It's over. State of Colorado going to put them as deliquent on 6/30/23.
They also just lost a court case against East Capital Investments Corp.

State of Colorado: GTEH Deliquent 6/30/23

East Capital Investment Corp. Lawsuit

[beriah54]

Hi Slojab, I have TDA also. It does seem when a company goes to 0 they do remove it. For now gteh is still worth something . To bad about this company it could have been great, still hoping a little it might be. Have a good trading day all. The company I had was wpmlf

[Slojab]

My account is with TDA and I've yet to see any change since Schwab bought them. And I have TRUA in it and keep it just as a reminder that any company can result in a 100% loss.

So, no, I can't see GTEH being the cause of the account being closed. Even if it was the only stock in that particular account. But I could be wrong.

[Cl5Pascal2671]

Not sure if one public stock going deliquent will have a broker close your account, as I had some OTC that gone to shit in the past. But then again, I don't have TD so who knows.

It just a coincidence though that a couple of user's had their account close one way or another at the same time GTEH has been listed as deliquent by the state of Colorado. And the court finally updated the result of the lawsuit vs East Capital Investments Corp., although the decision had already been made on April 28.

I believe it's over now.

Entity noncompliant and will become delinquent on: 06/30/2023

CLERK'S CERTIFICATE OF DEFAULT as to GenTech Holdings, Inc.(km)

[Slojab]

Yes, I've read his posts about Schwab. But haven't seen the actual letter.

And no, I don't imagine the closing of Di_di's account had anything to do with GTEH, but more to a question of policy regarding tickers that are on OTC's so-called Expert Market and not being able to trade. Even then, if there are other stocks in a client's portfolio, GTEH would be overlooked, I would think.

[SmellMyFinger]

Chartmaster also indicated his TDA account is closing. Posted letter as proof. Therefore, the closing of Di_di's TDA account may have occurred but perhaps doesn't have anything to do with $GTEH, specifically.

[Slojab]

I doubt we know the full story, yet. From what I've heard from people about the Schwab takeover of TDA, I wouldn't be surprised if they would close an account if all there was in it were worthless OTC tickers.

Have to admit, nothing about GTEH surprises me anymore.

[SmellMyFinger]

Seems fishy. Brokers don't just randomly close accounts.

[Slojab]

TDA is closing your account? Not you?

GTEH has gone to the Expert Market where no one can buy shares until an MM pledges to support the stock through a 15c2-11 filing. That's as close to "disappearing" as a ticker can get, I suppose.

But they haven't gone bankrupt so far as a bankruptcy filing so far as I know. And "delisted" refers to companies on an actual exchange. OTC Markets just puts a ticker on a lower tier of their private platform.

I think your broker simply isn't very well informed about the OTC and uses terminology that isn't relevant.

[Di_di]

I am sure, I just had a call with them. They are closing my account and and I was surprised my GTEH stock just disappeared. I asked them why and they said there is no volume, they went bankrupt and was delisted. Who else has ameritrade account, can you call them and ask about GTEH?

[Slojab]

I don't know what Ameritrade is telling you but GTEH hasn't gone through bankruptcy and they've been listed on the OTC Marketplace since before 2020.

Are you sure you posted to the correct board?

[db101]

So what about our shares… you think someone else will pick them up?

[Di_di]

They bunkrupt since 2020, they delisted now, ameritrade said.
It was nice lesson to learn -__-

[train21]

lovatt needs to leave right now

[SmellMyFinger]

Regarding $GTEH? Nothing, unfortunately. Stuck on expert market.

[db101]

What is going on?

[Cl5Pascal2671]

Yes, unfortunately for the employees of Nxtbar, who received those restricted shares, got screwed royally. Definitely by Lovatt but perhaps also by Richard Lindeman, founder of Nxtbar.

Shareholders got screwed too because Nxtbar brought no value in return, and their $$ was given to Lindeman for Nxtbar. Nxtbar didn't do anything as it sat dormant until it got kicked off website after website other than its own. What was the point of that acquistion anyway? (Hypothethical question because it really didn't matter as Lovatt was deep into his share selling scheme by that point anyway.)

[Cl5Pascal2671]

I just realized something while looking back for a lawsuit against the beverage manufacturing company that was signed for a $1m contract back in 2021.

If you look at this photo Lovatt posted, it reveals 975 Bennett Dr, Longwood, FL 32750, which is Microcap Labs Inc.

No big deal, whatever, right?

However, Lovatt gets caught in a lie, saying he was in a lawsuit with Bevsource, not MicroLab, a few months after that contract was signed.

Excuses started pouring in. From cost of freight to only producing 50k/month of Fizzique. Not quite the 2m-4m by December 2021, with "many" retailers lining up.

The silliest lies he had though was claiming he was at a 7-Eleven that held Fizzique and sending pallets to the Middle East.

These misleading tweets, many of which were outright lies, have reprecussions. The difference between his past and present plays are Twitter Receipts documenting all of this.

[Slojab]

I've said the same thing.

[SmellMyFinger]

It's such a shame. They actually have a few marketable products with this particular business. If they would just focus on production and distribution, they wouldn't have to add $GTEH to that list of failed companies.

[Slojab]

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.

[train21]

$GTEH NO PRODUCTION NO STAFF AND MONEY IS WHERE ??????

[Slojab]

You are undoubtedly correct.

Lovatt couldn't run a bath, much less a company.

[Nosnibor]

I reckon we'd hear a louder pop from an ant's underpants than this POS stock.

[Slojab]

Heard about it almost two years ago. Didn't cause so much as a "pop".

[JFK4]

Have you guys heard about the new Lolopop they are going to distribute to Whole Foods? This could be explosive!!!!

[Cl5Pascal2671]

@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.