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Just relax the shares are not cleared yet mean not tradable I have quiet few , not ready yet I checked with Schwab and fidelities I hold position on both going to take at least ten days for Schwab fidelity they cant .
Yup! And the tall tales will continue! Any guesses what the next fairy tale will be to try to explain this away?
☠️
So the stock dividend is supposed to be paid out monday which was going to chase out all the 'Naked short" positions.. these HAm boogey men sure don't seem concerned? one would think there would have been mass covering this week?
I first bought this at .45 cents before it ran to $9. Hope history repeats itself
I'm just curious: Any news on "Del Boca Vista" Water company LOI from 4 months ago? how long before that well springith forward with rewards ?
Blame iHub... all the data is there!
On mobile app it only showed what I said "outstanding shares" and then under "suppressed image" most aren't on laptops...75% of your gifs/memes/pics never show up either lol
Seriously?
Look toward the bottom of the main page.
🤣
Authorized Shares
750,000,000 05/31/2023
Outstanding Shares
258,278,599 09/30/2022
262,251,320 12/31/22
306,939,319 1/31/23
310,269,968 3/31/23
345,296,829 5/31/23
345,501,402 6/30/23
346,101,402 8/11/23
367,847,125 10/20/23
Restricted
163,247,920 09/30/2022
176,724,226 12/31/22
208,608,002 1/31/23
204,064,525 3/31/23
225,080,376 5/31/23
225,215,165 6/30/23
224,495,203 8/11/23
243,505,460 10/20/23
Unrestricted
95,030,679 09/30/2022
85,527,094 12/31/22
98,331,316 1/31/23
106,205,443 3/31/23
120,216,453 5/31/23
120,286,237 6/30/23
121,606,199 8/11/23
124,341,665 10/20/23
Float
56,559,682 04/30/2022
75,386,203 9/30/22
98,661,857 4/18/23
Par Value
0.001
Intro to what? Your post only shows total outstanding shares
It's all posted in the intro... Duh!
👜
Watch new Wes video above where he discusses GTII and how naked shorting is not a conspiracy theory as well as how things are finally changing..baffling for some to continue to ignore the elephant in the room and support theft and defend criminals while their own finances get raided...kinda odd don't you think? Lol
Oh c'mon now at least in the past you used to post the shares that were restricted and unrestricted
..very misleading indeed lol
@HAMShortkiller @WilliamPFarran1 $FNGR
— Crazy Diamond 💎 (@Shineon14352) October 26, 2023
Not sure if this is well known already - UGLAND HOUSE CAYMAN ISLANDS where 40,000 fund companies (in one building 😂)have registered as tax scam. Guess who part of the scam 👀👀 pic.twitter.com/A3g591pvRS
I hope that HAM gets his ass sued by those whom you harmed with your conspiracy theories!
🤡
OT: Both you and SB are 🤡🤡!
& ignored, btw!
💩💩💩 to your opinion!
I genuinely hope someday that these high profile conspiracy theorists that will cause so much financial harm to those that listen... ARE HELD FINANCIALLY ACCOUNTABLE!
💥
Oh you silly boy... Just because a T/A has a blanket legal opinion, it does not mean that the brokerage firm will/has to accept a .63 cent stock without a seperate 3rd party legal opinion which can cost $$. It's OTC, the Company is out blabbing (with you)about 'NAKED SHORTS"!! and you think they are just going to deposit and say "sure, the company issued a blanket legal opinion and these shares are good to go"????
Global Tech Industries Group, Inc.’s counsel to issue general restriction release for its dividend receiving shareholders.
Global Tech Industries Group, Inc.
Thu, October 26, 2023 at 6:30 AM PDT
New York, NY, Oct. 26, 2023 (GLOBE NEWSWIRE) -- (GTII: OTC) Global Tech Industries Group, Inc. (“GTII” or “The Company”), www.gtii-us.com, announced today that its general counsel has composed a blanket Rule 144 legal opinion and has submitted it to Liberty Stock Transfer, Inc. (“Liberty”), the Company’s transfer agent. All shareholders as of April 29, 2023, who received the 10% stock dividend from the Company can now have their resale restrictions removed as of October 29, 2023.
David Reichman, Chairman & CEO of GTII, stated, “We put our plan of saving our shareholders time and money into effect by issuing a blanket general opinion to release their dividend shares. As of October 29th, shareholders can contact their brokers and ask to have their stock transferred to their brokerage accounts.” This is a big win for everybody, and we are satisfied that we got this done before the October date.”
About GTII: GTII is a publicly traded Company incorporated in the state of Nevada, specializing in the pursuit of acquiring new and innovative technologies. Visit GTII here https://gtii-us.com/.
Please follow our Company at: www.otcmarkets.com/stock/GTII
Safe Harbor Forward-Looking Statements:
This press release may contain forward looking statements that are based on current expectations, forecasts, and assumptions that involve risks as well as uncertainties that could cause actual outcomes and results to differ materially from those anticipated or expected, including statements related to the amount and timing of expected revenues related to our financial performance, expected income, distributions, and future growth for upcoming quarterly and annual periods. These risks and uncertainties are further defined in filings and reports by the Company with the U.S. Securities and Exchange Commission (SEC). Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors detailed from time to time in our filings with the SEC. Among other matters, the Company may not be able to sustain growth or achieve profitability based upon many factors including but not limited to the risk that we will not be able to find and acquire businesses and assets that will enable us to become profitable. Reference is hereby made to cautionary statements set forth in the Company’s most recent SEC filings. We have incurred and will continue to incur significant expenses in our development stage, noting that there is no assurance that we will generate enough revenues to offset those costs in both the near and long term. New lines of business may expose us to additional legal and regulatory costs and unknown exposure(s), the impact of which cannot be predicted at this time.
Words such as “estimate,” “project,” “predict,” “will,” “would,” “should,” “could,” “may,” “might,” “anticipate,” “plan,” “intend,” “believe,” “expect,” “aim,” “goal,” “target,” “objective,” “likely” or similar expressions that convey the prospective nature of events or outcomes generally indicate forward-looking statements. You should not place undue reliance on these forward-looking statements, which speak only as of this press release. Unless legally required, we undertake no obligation to update, modify or withdraw any forward-looking statements, because of new information, future events or otherwise.
Global Tech Industries Group, Inc.
511 Sixth Avenue, Suite 800
New York, NY 10011
Info@gtii-us.com
https://finance.yahoo.com/news/global-tech-industries-group-inc-133000363.html
Its kind of amazing how they have created 100 million shares in past year while claiming there is a 300 million share naked short out there....where did all these shares go?
💥$GTII 🤑 $FNGR💥
$FNGR This is being handed out at the SEC Enforcement Forum today... pic.twitter.com/HpaLrlkwsC
— Daniel Borders (@borders_LLC) October 25, 2023
$FNGR $GTii pic.twitter.com/fMu4CJuuXV
— Dozer82 (@Dozer8210) October 23, 2023
you are posting releases from over a year ago? getting a little desperate much? Nothing on the new A.I company? The Water Company? the 800-LAW-FIRM?
Kramer Defrauded $GTII for Charity?Asking 4 a Friend🤷🏻♀️
Source: https://www.globenewswire.com/en/news-release/2022/06/17/2464949/0/en/Global-Tech-Industries-Group-Inc-cautions-shareholders-regarding-recent-social-media-misinformation.html
If you think #1 The planned and PR'd minuscule sales each month by the board would somehow help a NS and #2 matters at all to longs is hilarious and tells me you still don't understand this stock at all or math. If this were a blue chip stock with a major inside selling 10%- 20% of their holdings then yes that would matter otherwise nobody is swayed by 1/12 of 1% each month lol
Please explain how it would be possible for a NS position to still be open from last year for what you said to even make sense? Because that doesn't happen according to your thought process? Very confusing LOL
This is a precedent set for Federal Court not the rinky dink fines from government agencies. So a company would be able now to hold the broker accountable for the manipulative/illegal trading it allows to happen/participates in. So again off the mark lol
So many thing in your post make no logical sense but you knew that 😉
They naked shorted because they had a convertible debenture with the company, the company retired the debenture and that was key to them ever closing the position out.
Their average price they naked shorted was not 5 to 8 dollars lol, it was much much lower and as soon as they start buying in to cover the stock will rip way beyond 9 bucks.
Insiders are allowed to sell I think 1 percent of their holding every month, and no the naked shorts can't use those sells to cover their positions hahah, that's what the debenture was for and that is gone.
I guess i cannot convince you otherwise, but read the monthly disciplinary reports...they hold Brokers accountable time and again ( Cor, now Athos clearing) paid huge money and agreed not to accept anymore stock certs because of what another broker dealers client was doing...There was once a grand ol firm called Bear Sterns and they got found guilty even though it was not their customer they merely cleared the trades...more importantly...I would like to know 1 thing: Do you really believe a group that was 'naked short selling ' at $8, $5 whatever.....is still hanging around for an extra .65 cents??? LOL... assuming they were that greedy, all they have to do is wait for the insiders to sell every 12th or so of the month....How many shares has these insiders solde YTD?????
👆
— Dodger (@realscottdodge) October 19, 2023
The blueprint is in the SEC document, but no one likes to read past the first page pic.twitter.com/VzKjbLe16g
False they were not able be to held fully liable for their customers actions thats the point #1 ..#2 this has nothing to do with "Pumping" or "painting the tape" it has every thing to do with any and all manipulation of a stock i.e naked shorting. Spoofing is just the initial vehicle to get to the discovery phase. I can see you didn't listen to the space call I posted either. I'd advise it if you want to hear from real professionals who know it happens all the time and have seen it and proved it. It's comical to stick to a losing argument and or ignore and twist facts/deflect when everyone knows what's happening in reality. The "dumb money" ,"covid money" "newbie investors" mantra is over even though it was absolutely bs for stocks like GME. And everyone can clearly see what side those who ignore everything happening are on..we ARE NOT OK with allowing theft and fraud to continue for us or future generations
I'm not understanding your point? once again, FINRA B/Ds have always had this gate keep responsibility, you are aware of that correct? This is WHY 90% of clearing firms don't take stock certs anymore because if the paperwork is fraudulent THEY get fined and sued as well. If a firm lets a customer 'paint the tape' or do 'excessive trading for no apparent economic reason" (AKA pumping) they should have stopped that. You and others should really go to www.finra.org and read the manuel. This is not a new concept
Date of Effectiveness of the Proposed Rule Change, and Timing for Commission
Action Within 45 days of the date of publication of this notice in the Federal Register
or
within such longer period up to 90 days (i) as the Commission may designate if it finds
such longer period to be appropriate and publishes its reasons for so finding or (ii) as to
which the self-regulatory organization consents, the Commission will:
(A) by order approve or disapprove such proposed rule change, or
(B) institute proceedings to determine whether the proposed rule change
should be disapproved.
https://www.sec.gov/files/rules/sro/nscc/2023/34-98213.pdf
Well you understand that the brokers have to deliver real shares right? And they are already slow walking it. What is in everyone's account currently at Fidelity is a placeholder only and they have already said it may be "weeks" before they will be able to transfer any shares to shareholders. The GTII legal team PR recently explained the hoops they will need to jump through so not sure why people continously try to magically determine a timeframe out of thin air. Seems pretty easy right? They do dividends all the time. Why so much trouble delivering a simple dividend?
There I fixed it for you with my last 2 posts #1 listen to the space call posted by one of GTII's attorneys Wes Christian along with one of the fathers of Reg sho Dr. Robert Shapiro. #2 I think you missed all the words in Hummingbirds post before the stock talk and the point.
148k in volume on a down day right after the directors did their monthly selling (disclosures came out)... but it is "the NAKED SHORTERS" doing them harm?
This communication should be viewed as a commercial advertisement only. We have not investigated the background of any of the banks or broker-dealers mentioned herein and the information in our communications and on our website has not been independently verified and is not guaranteed to be correct or accurate
YEs, but at least we dont have that October 2022 Ham re-post anymore....seems like that has gone silent?
Is This The End Of Naked Short Selling?
By James Stafford - Oct 16, 2023, 6:01 PM CDT
American investors have been taken for a trillion-dollar ride by naked short sellers, in what could turn out to be the biggest financial regulatory scandal in North American history.
While what is now an all-out war on naked short sellers intensifies, there is a new flashpoint on the front line–a potentially devastating ruling targeting those who are alleged to make illegal naked short selling possible: The Facilitators: bankers and brokers.
On September 29, Federal District Court Judge Lorna Schofield of the Southern District of New York issued a ruling that has the potential to significantly disrupt Wall Street compliance, and is a major first step towards protecting retail investors from fraud.
In Harrington Global Opportunity Fund Ltd. v. CIBC World Markets, Inc et.al, Judge Schofield found that broker-dealers may be primarily liable for manipulative trading initiated by their customers because they serve as “gate-keepers” of trading on securities exchanges.
These broker-dealers have a “continuing responsibility to ensure that their customer’s order flow ... is in compliance with all applicable rules, regulations and laws and detect and prevent manipulative or fraudulent trading … under the supervision and control of the firm,” the judge ruled.
The defendants in the case had motioned to dismiss Harrington’s claims of market manipulation and spoofing (when traders place market orders and then cancel them before the order is ever fulfilled, manipulating prices in the meantime). Judge Schofield denied the motion after hearing arguments that broker-dealers are not responsible for “their customers’ trading”.
Instead, the ruling recognizes that not only are broker-dealers the gate-keepers who can enable illegal naked short selling, but they are responsible, and thus liable for their customers’ actions. Schofield described broker-dealers as “reckless in not knowing that the trades being executed at their customers’ direction were manipulative”.
Naked Short Selling: ‘Financial Weapons of Mass Destruction’
Naked shorting creates a dangerous minefield for retail investors. But it’s a minefield that dealer-brokers may now be held liable for thanks to the recent ruling.
Short-selling itself isn’t illegal. In order to legally sell a stock short, traders must first secure a borrow against the shares they intend to sell. Where the September 29 ruling comes into play is at the point of the broker-dealer. Any broker who enters into a stock short on behalf of a trader must have assurances that his client will make a settlement.
As opposed to a “long” sale (where the seller owns the stock), a “short” sale can be either “covered” or “naked”.
If it’s covered, then there is no issue: the short seller has already borrowed or arranged to borrow the shares when the short sale is made.
When things get naked, the regulatory environment becomes riddled with compliance holes. With a naked short, the short seller is selling shares it doesn’t own and has made no arrangements to buy. That means the seller cannot cover or “settle” in this instance. More profoundly, it means they are selling ghost shares that simply do not exist without their further action. The ability to sell an unlimited number of non-existent shares in a publicly-traded company gives a short seller the ultimate power: To destroy and manipulate a company’s share price at will.
This illicit practice artificially dilutes share prices and then companies find themselves in a position where they have to scramble for capital, Bryan Barkley points out in in-depth research published by the Medium.
That scramble then leads to shareholder dilution in more capital raises, in the best cases, and bankruptcy, in the worst cases. If things get to bankruptcy, Barkley writes, then short sellers win big because they no longer need to close out their short positions.
Following the 2008/2009 financial crisis, naked short selling was classified as illegal in the United States, though that labeling has done nothing to thwart this lucrative game.
What makes the September ruling so impactful is this: Without the big banks and financial institutions’ complicity, this highly destructive form of naked short selling could never happen. Instead, they actively facilitate the destruction of shareholder value.
The reason some big banks allow it, despite their sizable compliance departments, appears quite simple: These illegal transactions are highly lucrative. The short-term windfall profits associated with the creation of counterfeit shares are too tempting to resist.
“[...] brokers will place a marker or pledge to deliver the shares on the investors’ accounts, which are made by the seller’s clearing firm”, Barkley explains. “Abusive and unchecked naked shorting can lead to a loss of shareholder rights, including disenfranchisement by overvoting and the resulting throwing out of votes by brokers to conceal the breadth of the naked shorting problem, which could also lead to fraudulent vote results orchestrated by broker-dealers instead of shareholders.”
It often goes well beyond “ghost” shares, too. The most nefarious of short sellers target companies with negative reports–sometimes with legitimate information, and sometimes with falsehoods or half-truths–to drive down share prices with maximum impact, thus ensuring that the companies lose their ability to obtain financing. Once that process is completed, naked shorters then begin to offer those same companies alternative financing (predatory debt), which they have no option but to accept.
When broker-dealers are complicit in this, the system is broken. And complicity takes many forms, including willful booking of client shares as “long” when they are actually “short”.
Gaps in the regulatory environment have continued to fail to subdue these illegal activities.
Keeping the Brokers in Check: A Global Loophole
Even before the 2008/2009 financial crisis, there were measures in place intended to protect retail investors and regulate the activities of brokers with respect to short selling.
The SEC’s Regulation SHO took effect in January 2005 and specifically targeted “persistent failures to deliver and potentially abusive ‘naked’ short selling”. Amendments intended to further strengthen these regulations were added in 2008, and in 2010, the SEC adopted Rule 201, restricting the price at which short sales could be made when a stock was experiencing significant downside pressure.
Additionally, the SEC notes:
Rule 204 requires firms that clear and settle trades to deliver securities to a registered clearing agency for clearance and settlement on a long or short sale in any equity security by the settlement date or to take action to close out failures to deliver by borrowing or purchasing securities of like kind and quantity by no later than the beginning of regular trading hours on the settlement day following the settlement date for short sale fails, or no later than at the beginning of trading hours on the third settlement day following the settlement date for long sale fails, and fails attributable to bona fide market making (“close out date”). If a firm that clears and settles trades has a failure to deliver that is not closed out by the beginning of regular trading hours on the applicable close-out date, the firm has violated Rule 204 and the firm, and any broker-dealer from which it receives trades for clearance and settlement, is subject to the pre-borrow requirement for that security.
Not trying to rain on your parade... but that was basically a law placement ad (read disclosures at end and click links) and if you notice something from his list of stocks (like GME and AMC) you will notice what they all have in common that GTII doesn't. I won't spoil the surprise for you. BTW How are they paying Liberty Stock Transfer?
And 2 weeks will come and go with nothing happening... as always!
.
New York, NY, Oct. 11, 2023 (GLOBE NEWSWIRE) -- (GTII: OTC) Global Tech Industries Group, Inc. (“GTII” or “The Company”), www.gtii-us.com, announced today that it is working with counsel to ascertain the possibility of composing a general legal opinion to be submitted to Liberty Stock Transfer, Inc. (“Liberty”), the Company’s transfer agent, so that all shareholders as of April 29, 2023 who received the 10% stock dividend from the Company can have their resale restrictions removed as of October 29, 2023.
https://finance.yahoo.com/news/global-tech-industries-group-inc-145000168.html
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$DBMM -1
Source:https://www.sec.gov/litigation/apdocuments/3-17990-event-11.pdf
LaidLaw Energy Group Inc (same Link) -6
Bederra Corp -7
Source: https://www.reuters.com/article/us-sec-pennystock-settlement/new-york-penny-stock-financier-settles-sec-charges-idUSBRE9AO11420131125
SpartaCo alleges -8
VVG|KBM|Asher|Toxic Debt Loans around the country
Defendant Seth Kramer is President of KBM |
Defendant Curt Kramer is President of Asher and VVG
Source: https://casetext.com/case/sparta-commercial-servs-inc-v-vis-vires-grp-inc
$DBMM $HPIL $GTII HUD $VNUE
Any more?Asking for a Friend
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