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March 13th
Due 3-15.
I am hearing there is a plan to take out the notes right after the 10K is filed. Remember that Authentic Hero's which will generate revenue shortly, can be spun off and its value to the parent will be tremendous. I too am in this for the long haul and this price represents an unusual opportunity to make a big score if just a few of their plans come to fruition. Patience will pay off.
They put tons of their OWN $$$ into the Company. True test of belief of concept.
You know the old adage " you can NEVER buy at the lowest price nor sell at the highest. If you believe in the potential of the company and management then the current price will pay off handsomely in the future.
Hang in there light at the end of the tunnel in sight.
I believe they are nearing the END of the convertibles hitting the market.
Why pay the fees as long as Reporting Company.
March 15th.
In all my years in the market I RARELY averaged down. This little gem is the exception. I am just sitting on the $.003 bid to continue to add to my position, I think after the 10K is posted the company will be in a better position to deal with the toxic converters.
Probably makes jersey worth MORE...
That looks more likely.
How did you calculate the float?
I know it is difficult to see the price erode however, good things are coming and shareHOLDERS will be rewarded.
YES, there was a surge in volume in the afternoon when it hit what looks like a bottom. It looked like BUYING at that point. Finished the day near previous day close. Hope that was a sign for the beginning of the turnaround.
If you look at previous filings you will see the CEO has been financing this Company himself from its inception. If more CEOs put their own $$$ on the line instead of only using OPM, the dedication top succeed would be a whole lot better. Time will tell but, I think that this will be a BIG winner.
Now now gentlemen let's stay on topic. Hope next week brings > $.01 close.
I am usually between the bid and ask and with patience get filled.
Glad to see he responded. I am gonna try to go visit the operation and see and hear from the Company what we can expect in the short term as well as the long term.
Once it breaks .01 at close, upside will be tremendous.
I'm HOLDING ON FOR MORE.
Totally agree with your analysis.
I am sure that is the case. He has way to much time and $$$ invested. Price will soon follow volume.....UP
Here is the complete text
Authentic Heroes, RUN DMC and BRAVADO a division of Universal Music Group Team Up
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January 13, 2020 09:06 ET | Source: Global Fiber Technologies, Inc.
Somerset NJ, Jan. 13, 2020 (GLOBE NEWSWIRE) -- SOMERSET NJ., JANUARY 13TH, 2020: Authentic Heroes® a subsidiary of Global Fiber Technologies (“OTCQB: GFTX”) is teaming up with Bravado International Group Merchandising Services, Inc., and RUN DMC, the Grammy Hall of Fame award winning Hip-Hop group to bring the “Super -Fan” the ultimate “FANWEAR”
The three entities will create a limited-edition series of collectable and wearable merchandise that will contain the original fibers and threads from articles of clothing worn by RUN DMC in a prior concert tour(s).
Chris Giordano President and Chairman of Authentic Heroes stated, “Our company is at the forefront of what could be a memorabilia game changer. The Authentic Heroes® brand will be the standout that brings historic moments, authenticity and affordability into a space usually not open to the average individual.
For example, a Curt Cobain sweater just sold for $334,000 at auction which was almost twice the price it sold for four years earlier. One wealthy individual is now the owner of that historic sweater worn in an “Unplugged Session “ by Cobain. Collectable apparel in general and now music memorabilia is changing from being just a collectable into an investment.
The problem is very few people can afford to buy collectable garments at auction prices where they are typically sold. Authentic Heroes can now offer music Super-Fans an authenticated, high quality and affordable alternative. We are going to level the playing field for fans across the globe by allowing them to own a history.
Using our patent pending technology we take an authenticated garment(s) worn by a musician, athlete or celebrity and mechanically disassemble the garment back to the Genesis fibers that were used to make the original.
Then each individual fiber from the original is UV highlighted and digitally coded as part of our one of a kind “authentication process”. The digitally coded fibers are then mixed with virgin fibers and then used to manufacture a multiplicity of Authentic Heroes garments.
To enhance the authenticity event further we will include a UV pen light as part of the collectors’ package so the fibers from the original event worn garment resonate like a beacon under the glow of our UV penlight.
Like BRAVADO the Authentic Heroes brand is very much about creating a “bond” off the emotional dynamic between the artist and their fanbases by allowing them to own a slice of the iconic moments of their favorite musical artist(s). https://www.bravado.com/clients
We are proud that our relationship with each artist we work with will also be about “purposeful cause”. The members of RUN DMC will pick a favorite charity or foundation and Authentic Heroes will donate a meaningful percentage of each sale to help change and improve the lives of others.
Paul Serbiak CEO of Authentic stated, “The idea of owning something that was worn by an athlete, musical artist or pop icon has always resonated with fans, but the high cost of ownership left most people out of the market for such coveted collectables. Authentic Heroes will change that and allow a celebrity to extend their brand and bond throughout the entire spectrum of their fan base. Democratizing the collectable clothing business is what we are about.
Authentic Heroes will become the breakthrough apparel brand that will change the market by delivering fans something on a much more personal level than ever before. The ability to further bond with their favorite musical artist by owning a piece of their history. It is our goal to be identified with the catchphrase “Event Worn Reborn”
We look forward to working with the Bravado team and RUN DMC to create a one of a kind fan and brand-builder for the ages.”
About BRAVADO: BRAVADO is a leading global provider of consumer, lifestyle and brand management services around the world working with hundreds of musical artists including The Rolling Stones, Justin Bieber, Kanye West, Elton John, Guns N Roses and Travis Scott just to name a few. Living at the crossroads of music and fashion, Bravado are experts at creating emotional connections between fans and artists.
https://www.bravado.com/
About Authentic Heroes: Authentic Heroes® introduces the next level of apparel memorabilia with patented technology that allows single garments worn by athletes and celebrities to be turned back into fiber and made into many garments that all share part of the original.
https://globalfibertechnologies.com/authentic-heroes/
...And this news just released
Global Fiber Technologies, Inc.
Authentic Heroes Signs License Agreement with BRAVADO and RUN DMC
Glad to see you got in at what may be the buy of the year price.
The same to you and yours. 2020 will see BIG change in stock price.
Here's to a Healthy and Prosperous
2020.
Yes I saw it on Yahoo. I expect a lot more to come shortly.
Did you see the NEW Bret Farbe shirt offer? Artwork is gorgeous.
10Q out yesterday!!
That will mean lots of great P R press releases. More eyes on the Company.
Volume jumping. I think the end of selling is near and then the share price will reflect the true value of the Company.
Yes a great marketing tool and will be seen by all his followers.
Glad you found it. Authentic Hero's can be a real money maker for the Company. They will be using their patent pending technology to create collectible jerseys/garments made with fibers from a jersey worn by a celebrity. The items will be limited in quantity which will create an additional value to the purchaser. The first venue will be retired football stars, but that is only the beginning. Look for more stars to come on board soon.
I did post it. Here it is again. Please confirm you got it. If not I will copy and past the entire thing for you.
https://finance.yahoo.com/news/global-fiber-technologies-inc-releases-133000361.html
Here is the link to the press release
https://finance.yahoo.com/news/global-fiber-technologies-inc-releases-133000361.html
It tells quite a story.
I know but the GFTX is still the symbol. Some news I learned about is below.
Global Fiber Technologies (OTCQX: GFTX) updates shareholders on the advancement of its three “Fiber-Centric” companies
“Since our last shareholder update a tremendous amount of progress has been made and we would like to share our vision for the future with our shareholders.
There are three separate companies under our holding company umbrella and it is important to distinguish them from one another.
MORE to follow
This could truly be the beginning of something great.