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Corruption abounds. Updates from Dave would be nice.
How corrupt is the United States? The day after the Justice Department launched an investigation into Wall Street short sellers the largest document storage facility, TD Ameritrade Bartlett Warehouse, went up in flames. They hauled the evidence away ON FIRE in direct violation of OSHA safety requirements. 60 hedge funds were to undergo investigations for manipulative short selling. Authorities concluded that a “falling shelf” took out the entire building’s sprinkler system that was located on the roof.
The State of Colorado listed under GTEH:
"Entity noncompliant and will become delinquent on: 06/30/2023"
About a week or so and it becomes deliquent.
Lovatt should face scrutiny from what he has posted, from 2019 on, about GTEH. There were many misleading statements and outright lies still up on social media, interviews, and "P.R." articles. It's unfortunate that many people here believed his hype.
From the getgo, Lovatt having his Green Light Development LLC. receiving 8k/mo, two years before he renamed PKGM into GTEH, should have been a huge red flag. Along with GTEH paying off PKGM's debt.
"Retail can't buy at the sixth digit." Unfortunately, it's an unfair game with the odds stacked against retail. Once an OTC stock hits that no-bid/$0.0001 (bid/ask) PPS, prayer and patience are the only remaining options; at this point, I doubt either would work in the case of $GTEH. Rest assured however, as the CEO has found the time recently to post irreligious and political drivel instead of restoring confidence in long-term shareholders.
That would be the MM who had to pick up those shares that someone had dumped out of their account.
Retail can't buy at the sixth digit.
$GTEH PEOPLE HAVE ASKED LOVATT TO FIRE HIMSELF
No news to be had. Just crickets.
$GTEH ANY ONE GOT ANY NEWS ??????????????????????????????????????????
$GTEH as long as David Lovatt is CEO this company is dead no product no staff no office and money gone to where ???? apparently LOVATT is kicking back in Florida posting crap and so he has money coming in But From WHERE I sure would like to know ??
Sorry … But it’s over ! No need for anymore worry. Chalk it up as a loss .
I just spent a while looking through posts on the $GTEH stocktwits forum, and they seem to share the same concerns. This is beyond sentiment... whether bearish or bullish, it doesn't matter at this point; investors just want answers.
I agree. The question is, what is left of the business being run and when, if ever, will shareholders find out? One doesn't let their company get put on the Expert Market without good reason.
Or is that without a bad reason?
It's not how to run a business. I get that it's his personal account, but a CEO is a reflection of a company in the same manner a president is a reflection of a country. It's unacceptable to keep shareholders in the dark for so long while the company remains idle on the expert market. The nonsensical political posts just add insult to injury.
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.
David, The only one brilliant is you! Well done! How did $GTEH get to be this way because of you? Brilliant, Simply Brilliant.
— Selobrate (@SeloBrate) January 8, 2023
Not last (most recent) tweet, but pinned tweet.
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.
Because of the latter I peruse the former.
You're on his personal page.
The company website hasn't been posted to since last year.
https://twitter.com/gentechholdings
Still no updates. Lovatt just posts political nonsense.
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.
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.
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.
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.
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.
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.
Other than MMs, who can even buy $0.000001s?
I mean no one knows why the stock is trading at $.000001.
What do you mean?
It's a real shame that shareholders have been left in the dark as to what the situation is here.
Until we see otherwise, I guess that's true.
In the long run, nothing. And the short term, as well.
Because I think GTEH is done, regardless.
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.
What does this mean for GTEH? Good?
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/
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.
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.
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
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
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.
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)
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.
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.
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.
Seems fishy. Brokers don't just randomly close accounts.
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.
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?
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?
So what about our shares… you think someone else will pick them up?
They bunkrupt since 2020, they delisted now, ameritrade said.
It was nice lesson to learn -__-
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