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In the works! The question is 'What is?' Again, it is just a matter of being an informed SH. What they do is their business (plan), yet they are taking too long in explaining how SHs fit into their plan.
OK. There is next week....
I review the OTC short report. Don't really trust it or understand how to interpret entirely but I do find it interesting to note that since Aug 22, the daily trade volume viewed on L2 indicates that short volume is pretty much equal to the daily volume count.
Has any of you longs out there been buying GTCH shares during this period? Am I viewing all naked short contracts of GTCH-borrowed shares? ... without short traders selling those borrowed shares OR replacing them?
Such quizzical questions are meant to reflect how corrupt short trade is without rules specifically spelling out such trades impact the actual pps. Other than the players in the game of naked shorting having an inside track with MMs, does ANY retail trader actually know what the hell is going on?
The 50% share part is over. GBT-Tokenize will be consolidated under ONE company in total. Earlier contracts go with the deal. Revenues generated belong to the NEW company in total.
My concern is NOT what the contracts bring in but rather will WE be involved at all. All along in my endeavor to trade in Pinkyland was to land up with some company on the bottom floor and enjoy the view as the elevator goes up. GTCH is no exception. ALL SHs are on the ground floor with GTCH. Now what? Is there even electricity in the building. Dark in this elevator - are there even any floors above to press?
Let there be light is all I ask for. I simply just want to know, as a SH, where I stand. Not too much to ask at this stage is it?
Yes, debt. That will be the killer for the ticker. Kissed off ONLY if ticker goes defunct. If all else fails, debt and SHs get jetsoned. Common practice among Pinkies.
Who is on first 1+1? 6 Billion new shares issued in less than a year. SHs have not received ANY word on what purpose it served. Debt relief, Operational cash, pocket change??? Even Magic stated that GBT has NOT contributed towards operational needs. Leaves only two for consideration?
There are MANY thriving enterprises out there that are public with More than 6B shares. Conceivably, these shares belong to individual retail investors or corporate entities to include such as Mutual Funds, etc. Who do GTCH's shares belong to (or will belong to)? I know there are many retail investors, I being one of them. I have no concern with those shares but obviously, retail investors do NOT hold the majority. THAT concerns me.
Let's just say I lack confidence in institutional might. I tend to feel assured that THEY do not have retail investors' best interests at heart. Money, Power has a corrupt way about it. Until I personally can view a public document stating that my interest in GTCH is retained in a manner that is beneficial to me, such after hour buys as you mentioned do not curtail my concerns or any inkling of what is about to happen when it comes to dictating GBT- Tokenize's worth to me.
When are Longs going to know the REAL ownership and potential GTCH offers? What plans do management have for our role in all of this?
Less than a year ago, as of 11/01/22, GTCH had less than 1.2 Billion O/S, it's pps was .0019. As of now, it has over 6.9 Billion O/S, it's pps is .0002. We have come a long way baby!!
I am of the opinion that GTCH is allowing sale of new shares in sync with the trade demand from buyers. Until that stops, the pps goes nowhere.
Agree. Yet, understand that the company providing their shares as payment MUST first show an appreciation in their company's pps BEFORE GTCH shares will show significant appreciation. The company buying into GTCH tech must prove viable otherwise it is considered "PINKY" stock...pure risk until it shows its worth.
I am sticking with the thought that the ticker still has value and they are intent to keeping it. Moving forward is likely. Only requires management to initiate next steps required to be market eligible again. I can't imagine them not doing it.
Right now I think operational funds are non-existent until they get their act together on what their next plan of action is ... still in the running for not being an entire loss.
Won't be long now.
YES1 Gut is acting up. About time. This week. Insiders have had lots of time to load up. Time now for the pps to move up.
Very good food for thought can....
I have been burnt so many times, I lost count. Trust is not something I CAN COUNT ON. Hard knocks. Dirt bags always have a way to cheat the last nickel out of an investor's pocket. Loyalty to the SH in Pinkyland is rare indeed.
Thus, the reason I type out my thoughts on the subject. My concern at this time is NOT how high the pps will go but rather on how far can GTCH management be trusted on sharing inevitable profits with it SHs?
A CEO 'letter to the investors' would go a long way in clearing the way for the establishment of SH trust. What is their intention in selling GBT-Tokenize? Consolidation of SH interests or the shaft???
PPS is in a manipulative lock. Management (through selling off new shares), Brokers and MMs are holding tight at 1-2. Is it due to the extreme O/S? Or, are insiders aware of what is coming down. Retail investors' stake at 7B shares could easily be wiped clean. Legally guaranteeing that SHs get $.0001 on the dollar is NOT that hard to achieve - no recourse but creating just another investment tax lost. I can only hope I can make some green here. So much for DD.
Would GBT-Tokenize management do that? Huge unanswered question at this point. Must be considered though. Those that have always want more if they can get it. Morals/Loyalty may have nothing to do with the final decision when it comes to SHs attention.
Legal documents (like the one you are citing) and PRs are two different animals! Legalese is over my head. As a SH, I am waiting for the CEO to tell us if we have a side of the bread that is buttered on. The jargon of the legal document goes beyond our needs because it is what would be presented to a court judge...intended to be over our heads. Managment has still not issued a PR boiled down to what is important for US to understand. Until then, ignorance is bliss...allowing me to BELIEVE there is something in the pie for us too. I would hate to believe I am naive as well as a fool
blaze, I have great confidence that what GBT-Tokenize has to offer in making BIG BUCKS is very real. My lack of enthusiasm regarding its pps lies not in profit but rather in SS when all is said and done when they get down to making real money.
It would take little to raise my confidence bar if GTCH would be a bit more informative regarding how they intend to deal with 7B outstanding shares. Given their potential to warrant big bucks for the sale of what they offer - enough to make EVERYONE, including SHs, very happy for the dedication, loyalty and support of GTCH as it moved forward from ground '0'. To much to ask for?
The fact that the trade of GTCH shares keep testing 1s give me the willies! There IS an existing willingness to sell at that level. Even a billion shares sold at .0001 provides for $100K. It appears likely that management is considering it. Certainly enough retail buyers/short replacement out there willing to latch on to them. Can Longs really trust management not to sell new shares given their history over the last 3 months?.
If you can imagine so, since I have been interested in Pinkyland, the last two years have been disastrous for the chances that retail investors can make money trading on this platform. Deplorable that both stock managers and board practitioners have used SEC's lack of oversight to gouge middleclass investors just trying accept the level of risk to make a few bucks.
You may think the risk was high previously, within the last 2 years, it has gotten absurdly worse. Close to no chance at all when company will, or moral structure considers "theft" from retail speculators no different than brushing their teeth. It is probably wise to consider that investing at the Pinky level is now so heavily set against the retail investor making money, that instead, we should go back to stuffing extra cash under our mattress.
Today's patent is significant. Little trade reaction is indicative of a strongly based concern for Long's dismal role in GTCH's future. I guess what I am saying is that we should be prepared for disappointment. Loyalty/obligation to SHs does not appear to be a strong attribute of GTCH's management.
Anyone in their right mind would think that this announcement would have a tremendous impact on the pps today.
Yet previous significant announcements have only resulted in the pps GOING DOWN! The current SS and the desire of GTCH management to use the opportunity to only flood the market with new shares does not bode well for expectations today either.
Damn criminal...
AND most certainly suggests that any good future for GBT-Tokenize will be held by private hands, NOT retail investors.
Or is todays trade going to change all that negative thought????
We will see won't we.
7 days into September. Still no clarity. SHs should no longer need technical knowledge. Retail investors that are already riding the GTCH train have all they need to be convinced that GBT-Tokenize has the cutting-edge technology for future supply and demand needs. Sales and profits are assured.
Now SHs require assurance that they will share in the benefits of owning GTCH shares.
Notice that such knowledge is missing. SHs are reminded each trading day as more new shares (I believe) are added to the outstanding share count. Each day, without any knowledge of any REAL income, our personal pps lessens by dilution alone. There is NO comfort in knowing this. Our comfort must come from knowing if GTCH management intends to include its SHs in whatever positive results will be gained moving forward. The resulting buyout SS, upon the sale of GBT-Tokenize that ultimately will combine ALL of the actual ownership divisions withing the company (both private and public), is key to knowing how retail investors will share in the future of a combined company.
Parden me if I express, in this present state of confusion, my fear that SHs are not going to do well here. Private greed has no bounds. The little information retail investors have at the moment surely suggests that the actions behind closed doors right now are based on personal greed and power beyond benevolence.
Exactly can. A lot of gobbly-gook and mumbo-jumbo to confuse the retail buyers. Products seem to have great potential, but does GTCH?
All of the information SHs have access to is convoluted to say the least. No doubt, SHs have yet to learn their lot in the sale of GBT-Tokenize. The actual sale documents will spell it out. SS must be part of the sale - IF there are shares! All this COULD RESULT IN A CASH BUYOUT WITH SHS GETTING A FIXED PRICE FOR EACH SHARE. In that case, the purchased company goes entirely private.
I just do not see it going that way. What I do see as a possibility is that whatever company buys GBT-Tokenize outright will be privately owned and use GTCH share trade access to the national share trading marketplace.
The "sale" of GBT-Tokenize is required to clean up all of the mumbo-jumbo clearly existing at this time. Hell, GTCH still has a contractual arrangement with TGHI that is grey! The sale of GBT-Tokenize WILL REQUIRE legal clarification moving forward FROM THAT POINT, all past mumbo-jumbo either incorporated into concise transition or removed entirely. Call it the CLEAR SLATE initiative GBT-Tokenize wants right now. SHs fate WILL BE KNOWN AT LAST!!
The above opinion should be taken as all BS until the facts are presented. Don't hold your breath while we wait for that to happen.
The reality check has to ask: Gold mine for some or for all SHs? They intend to sell all rights - should bring an awsome price but will final SS/buyout price reflect desired blessing for retail traders?
Management have a lot of friends? They all have to have as many shares they want at a cheaper price than all of us longs!?
I cannot but believe that GTCH has REAL potential to have a significant rise in its pps. Inevitably I think. I do look forward as we enter the first full week of trade in September. A lot on GTCH's burners. Fall will be quite the opposite for GTCH.
BoJo, sounds great. I think that a little clarity would go a long way. Apollo , as I see it, is a 'subset' of what Tokenize has in its bag of patents/requests. When a 'sale' like this occurs, I do NOT believe that the rights to further utilize the package that consists of Apollo is removed from Tokenize's use (under another named package that may utilize some of patents used in Apollo). That NAME and rights to utilize the "Apollo" package in the manner it is set up now belongs to EVIE.
A future package could remain to be assembled with similar components yet completely different from what EVIE intends to do with Apollo.
Is this how you understand GTCH's approach in developing specifically targeted consumer needs that stand alone but use tokenize tech/IP SW?
Look like 1s to me...
GTCH is in play, just not on the trade platform. Needs so much more clarification regarding how longs fit into the developing SS once sold.
Concern should NOT be vacated. Yet, I remain positive although impatient
Would be better if SEC eliminated naked shorting all together. Never happen. Very lucrative for the in crowd. Retail traders be damned.
Anyone care to enlighten me about how the numbers add up on L2? I have read a few commens on it but I remain befuddled because of the blatant corrupt misuse caused by naked shorting. Let me explain my dilemma.
Naked shorts create a contract with the broker to 'borrow' shares. Are the amount of shares in contract show up on L2 then? Or only when they 'sell those borrowed GTCH shares".... or even then?
Upon selling borrowed shares, I can see how L2 would reflect that sell... in actuality these GTCH shares remain in the retail owner's account but the 'right to sell' is temporarily given to the naked short (via being borrowed).
Since it is my understanding that L2 reflects the count of both the sell and buy 'spontaneously', I get confused when another poster states that there "are more buys than sells" or visa-versa. How can you sell shares that were not bought? The answer, I guess, lies in the fact that MMs can buy but their shares do not show up on L2??? Why does this feel so wrong? That would mean that sell of shares occurred but on L2, nobody bought them? Crazy math!
Confounding the matter even worse is the fact that the naked short will eventually buy back to replace the shares they borrowed. It could happen on the same day. Then.... L2 reflects not only an 'artificial' sale of borrowed shares but the purchase of actual retail shares to replace them (thus a double-count transaction on L2 as a result of a naked short contract). As I currently understand it.
Returning back, if it is actually the case, to where MMs held off actually selling shares (leaving the shares on the 'to be sold' shelf) but now want to sell them.... They do but according to L2, there is no seller this time but instead just a buyer. Go figure.
In other words, the account of trades on L2 really doesn't reflect actuality but rather a generic blend of what is actually going on behind closed doors - kept secret to the prying eyes of the retail traders.
Please feel free to explain to me that I am full of crap! Ignorance is bliss until it affects your wallet.
Don't depend on me for accuracy but here is what I think: Naked shorting has been going on for some time and I believe that there are a LOT of contracts out there for borrowed shares that are still open. Naked shorts borrow shares that exist in a 'real' account. They must be returned to close out the contract. As I see it now is that the outstanding contracts only have borrowed but have NOT sold those shares yetf. Waiting for a big push. When that big pust reaches that level they are satisfied with, only then do they sell.... waiting for the shares to drop back to previous lows (with the help of MMs 'manipulating' the trade in 'cooling down' the surge that just happened).
That means that the naked shorts can buy back borrowed shares at a much cheaper price than they sold them for - WALLAH, their profit.
I do believe that is the case 99% of the time. Plays havoc with these Pinky shares. But on a rare occasion, IMO, the slide back down does not occur or does not fall at a level where the naked shorts can profit in replacing borrowed shares (my secret desire is that they burn in hell). The result is the 'squeeze' retail traders dream of where the surge is supported and then some causing the shorts to replace at a loss (pay more than they sold them for).
I believe most of the outstanding naked short contracts were borrowed at 2s.... NOT 1s YET!
What is in store for longs? It now appears to me that the SS will stand as it is until the 'purchase' is announced. The video submitted by BoJo today is another indication that 'advertising their worth' is what it is all about right now - for the sale. NO R/S will be implemented now.
Negotiations are underway as I see it. The "pump" is NOT to stir up the market. It is to enhance their negotiations with the potential buyer(s).
Also keep in mind, IMO, that naked shorting has been on for longer than I can remember. Since it is now my understanding that these 'contracts' are open ended. Borrowed shares MAY NOT be sold immediately...just accumulated for what I expect will be one tremendous day of trading - the day the buyer is identified. I cannot deny that I see the potential for a Billion trade day.
These comments reflect the impact of having "patience" here. Boredom is overwhelming. Prone to generate great imagination.
I am not convinced that INTK has nothing to offer. But I will not look closer until I see what they intend to do about the A/S being maxed out. Any word on INTK requesting/notifying the OTC that they intend to raise the A/S?
I really do not know what event would move the GTCH pps. Will a surge really happen? Or are longs subject to sitting here at 2s until they are bought out and either we are paid for our shares at some predetermined level or converted to shares (highly undervalued) of our new founding father?
Conversion at .0035 in our future (based on Magic's reserved right to shares) or a two-pronged affair. Do WE get bought out for pennies on a dollar then 'afterwords' we see that Magic and their management team awarded primary status under the umbrella of of the new founding father?
Just consider what lies ahead and what information is readily available for us to peruse. I feel like I am in the dark, anyone else?
I do feel that in short manner, Longs WILL KNOW.
I also feel that Long's loyalty deserves a generous piece of the pie that will soon be placed in the oven. When done, that pie of tech prowess will be big and tasty as a reflection of the potential Tokenize tech will have on future revenue generation. A Long's lucrative reward for patience and loyalty should exist in the minds of management, when GTCH's future unveils itself, as a given!!!.
I really do not know what event would move the GTCH pps. Will a surge really happen? Or are longs subject to sitting here at 2s until they are bought out and either we are paid for our shares at some predetermined level or converted to shares (highly undervalued) of our new founding father?
Conversion at .0035 in our future (based on Magic's reserved right to shares) or a two-pronged affair. Do WE get bought out for pennies on a dollar then 'afterwords' we see that Magic and their management team awarded primary status under the umbrella of of the new founding father?
Just consider what lies ahead and what information is readily available for us to peruse. I feel like I am in the dark, anyone else?
I do feel that in short manner, Longs WILL KNOW.
I also feel that Long's loyalty deserves a generous piece of the pie that will soon be placed in the oven. When done, that pie of tech prowess will be big and tasty as a reflection of the potential Tokenize tech will have on future revenue generation. A Long's lucrative reward for patience and loyalty should exist in the minds of management, when GTCH's future unveils itself, as a given!!!.
The BNIX PR today provides the reason GBT-Tokenize included the escape clause of $30M in their Apollo deal. I cannot see why BNIX would be unable to rectify this.
Will power hour put us at 3s????
The $70M+ they have under contract is enough to set sail - all it takes is either BNIX or AVAI to increase their own pps. They have yet to establish that THEY are viable and apt to generate gobs of revenue themselves. When either of them do, that means the shares GTCH received are also viable and starts to increase the value of GTCH shares accordingly.
By the way, naked shorting is one of my biggest pet peeves. While I am on the subject, note that otc short report does not provide any means of determining how many shares have been borrowed and yet to be "returned". Those 'open ended' contracts that are created by the naked contract could stack up as the trade days pass by! The total otc short report accounts for are ONLY the contracts opened, borrowed shares sold and rebought (lower priced of course) to fill SOME of the shares borrowed.
This bit of the untold story does in fact contribute to how severe that short squeeze you mentioned will be.
Those naked short contracts with the broker are pretty much open-ended, that is there is no expiration to return borrowed shares as I understand it...until hounded by the broker to close it out. But I always understood that the borrowed shares were ALWAYS immediately sold when the contract is let - typically as the ticker shares borrowed from has a surge in pricing.
NOT??
Do the shorts control when the contract opens - to put in the order to sell and at what price, just as a regular retail seller would? What a racket these brokers, MMs and shorts have in doing so. Total rip off of retail investors. We bought the shares and the 'short team' use them on the side to make gobs of money while Longs wait...like we are doing here with GTCH shares for over a year now.
Does not surprise me that the SEC allows such collusion and corruption. BIG money, BIG payoff (to the merry band of all)!! This is one of those occasions that prove "life is not fair".
Does not make them the worst stock ever, just another common Pinky. The risk here in Pinkyland is real. Accomplishing the Dream is never easy and most often flounders first, then fails completely. I just think GTCH has gotten past the floundering stage sufficiently to actually attain some form of their dream...enough to make some green for us longs? It appears so even for those that have hung on to their shares the longest through so many dilutive stages????
Here, it is unlikely that the early bird will get the worm....as you so state. Supports the truism that TIMING IS EVERYTHING.
That wall of 2s is not fake. The continuance of crap...