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While I have expressed my concern regarding Longs' take in the treasure GBT-Tokenize offers, I must admit that I would prefer to be wrong. DAH! Today's trade volume will, IMO, do a lot to clear the air. If Longs' take is in jeopardy, control of the trade will be evident: High number in naked shorting, huge volume early, steep rise in the pps, more new shares and a swift drop in the pps by EOD. Expected.
Then again, NOTHING could happen - there, that would indicate more expected and market movers holding tight for the next shoe to fall. As many here have expressed, so much more in the pipeline that is yet to be seen.
For me, I only remain as a puppet on a string....
Well covered Can. The grey area has me concerned. Such areas exist, as I see it, most often to give the 'short end of the stick' when all is said and done. Longs provide the up-front funding for R&D (in this case, this includes MAGIC as well) and then somehow lose their value as profit becomes recognized...most often through R/S and granting special promissory notes (Is???).
I have no doubt, given what I have seen thus far in public records, that Longs are going to lose leverage big time. Expanding the A/S and large O/S portends a dismal outcome for Longs. Management does not think twice about covering SH equity. Management intends to 'make all the money' when all is said and done.
Even today's trade on the news of the BNIX deal is not expected to bring Longs much of boost from pps gain. All is being controlled very tightly by those in command. BIG money IS to be made by GTCH, BNIX, GBT Tokenize and AVAI, but shareholders owning retail shares should recognize that our green will be minimalized.
I am just being pragmatic...
My question is: When is GTCH doing an 8K on Trend...now AVAI. They act like they own the AI component. That was a share purchase as well. Same as BNIX.
I have as well. All relative. All surprises. Only takes a composite of events to meld into a FOMO. A very emotional event.
Does sufficient elements come into play here at GTCH come tomorrow's opening bell? I don't think so. Sooooo, if it does, it will be one helleva surprise.
It will also be a surprise as to how I react to it.
My previous post should not be considered negative. The exact opposite. Just a "subdued" perspective to some of the posts here. Patience MUST still apply! A LOT of moving parts to the GTCH machine. Looks are impressive. But what is to be accomplished once the machine is turned on has yet to be determined!!! That also applies to how much someone is willing to pay for each share of ownership.
I am with you ITH. Posture: wait and see. While the purchase is clear and the amount spelled out, how it impacts GTCH's pps is another. Owning shares of another company 'on the books' (no voting rights) is NOT the same as cash. Value, yes. Conversion to operational cash is another.
Best to watch the pricing of BNIX....soon to be EVIE, but at what pricing? Also, GTCH "ONLY" has a 50% stake in Tokenize....50% of $43M is a $21.5M impact on GTCH shares.
Remember that at least 16B of the GTCH A/S of 30B is accounted for 'clearly'(ha!) in the current SS. What impact might that 'income' of $21M be worth per a pps? Divide $21.5M by 16B O/S and you would get a potential of .00134375 per value obtained.
Could we expect the GTCH pps to bounce to that pps on this BNIX deal? I am not expecting much more....
Easy buddy!
IF the O/S remains the same w/o tapping anymore of the A/S (to be changed to 30B instead of the current 10B), Longs could/should expect the pps to rise regardless of the size of the A/S...it had to be raised to accommodate the rise of the 'obligation' to MAGIC.
The contract with AVAI, thought to be consummated, should 'show' increased value to GTCH's bottom line in the $millions due to the 'transfer' of AVAI shares, currently valued at $139 per share, to GTCH's company account.
Yeah. The A/S is one thing. The O/S and float is another. But even more important is how TIGHT the restrictions are on all those convertible notes!!!
Longs and all retail holders MUST realize that OUR votes have NO IMPACT on such operational decisions being made in regard to GTCH's future success.
Our role is to hold on very tight to those coattails that will hopefully be moving very fast, very soon.
Whoa! What a mouthful Hawk! What does "Pretty sure Magic isn't a real company. They've been with GBT for years....financing arm maybe" mean? Having funds but no operations? Sounds illegal!!!
Common corporate actions requiring Schedule 14A or 14C filings include name changes, reverse mergers, stock splits, domicile changes, corporate reorganizations and other events requiring a vote of the issuer’s shareholders.
The fact that MAGIC now has the majority voting power makes them REAL???
Who is on first?
Since no one bit on this previous post, I will venture a WHY... AVAI is to be a part of MAGIC's acquisitions/voting ownership in addition to GBT's holdings. May have to wait for ANY change in GTCH's pps until MAGIC discloses it SS as part of what I think is an envisioned 3-pronged RM operational entity.
The time period for all of this to "evolve", if even proposed, is anyone's guess. Nice to think about though during this silent period.
I remain at a loss to determine why the GTCH pps has not moved higher as a result of the contractual agreement with AVAI. While I do expect the share price of AVAI to wallow until proof of operational success is published, that does nothing to erase the fact that AVAI shares are maintaining a share price above $1. The GTCH deal with AVAI was to obtain (via the company coffers) millions of shares (no cash).
Upon saying that, I remain at a loss to understand how millions of dollars in value being added to GTCH's bottom line has NOT resulted in a rise to its pps?
Can anyone explain why that is?
Also, while I did expect an update on GTCH's operational status with MAGIC (MGK), it appears that the delay to do encompasses much more than just an operational notification. The next PR, other than one that updates patent status, will be much more inclusive.
I don't think I am alone when I say that MGK, as an enterprise, is primarily an unknown. Just how BIG is MGK? How much cash would be available if GTCH was RM'd under MGK? The ticker changes to "MGK" under Nasdaq? Through association with MGK, GTCH becomes a manufacturing firm rather that R&D??? As the potential of GTCH becomes more apparent, what stakes would Longs retain within the boundaries of the new SS for MGK?
Questions above obviously pertains to the high degree of unknowns regarding GTCH. It also tells us that a LOT on information MUST be on the way to provide clarification regarding these questions. So, it is not unreasonable to expect a good deal of information provided by numerous PRs throughout the remainder of 2023. A lot going on behind the scenes for sure. GTCH management cannot be expected to keep such tight reign on the information GTCH Longs must have to determine our status in the future of GTCH and all it has going for itself.
Great roll-up! I assume “We acquired Westfield AVS = Carvoix"? Yeah, I also assumed that BNIX had decided, per previously posted comment, that 'back-up' was no longer required/unnecessary.
I guess what I am saying is that acquiring Appolo no longer seems as financially sound as previously thought. Cost too high for what they get??? I think GTCH just needs to provide an update to that effect.
Nice follow-up ITH. Yes, that is the quote I was referring to. I too believe that is a STRONG indication that GTCH/Magic is no longer considered.
Can I read between the lines? It tells me that the effort to obtain Appolo was nixed...if you believe their interest in it to begin with was the belief Appolo offered a more technical advantage than Evie had access to.
Could be that Magic has interests of its own that was NOT so well represented in the previously announced desire of Bannix....or Magic just wouldn't lower their negotiating price.
Little value this opinion, just speculation.
Yeah. Not worth writing off the loss for taxes. It still has a tie-in with GTCH and I do expect something there along the same timeline you gave for TGHI. Worth? Maybe. It may have a surprise in store a year from now.
Someone posted a statement from BNIX that in effect, they were looking for a better fit from another tech firm in England. Sort of indicated why GTCH is no longer in the language when they postpone contract deal each month. Nothing more than that.
For sure, anxiety for Longs will increase every week that passes without clarification of the new Magic arrangement or operational progress. Sitting at .0002 and actually being able as a retail buyer to obtain shares at this level is remarkable. UNLESS the R/S and the recovery afterwards will be severe as management cuts out all of GTCH's meat and distributes it (for a pittance) to other listed entities. No Way! Think again. Money is to be made with the patents GTCH NOW holds, no matter the additive power those other patent-pendings will have in the short term.
Management could nix our concerns in a flash with just a little clarification on how the SS will move forward from here.
It has been a dismal week.
I think so but that opinion doesn't count for much. Not sure the O/S count is accurate because the A/S has not been revised per the recent 8k involving another 10B A/S???
Those shares seem to be 'restricted' via the 'no conversion' until pps reaches .0035.
No doubt in my mind that 'management' is playing games with the truth.
All I really have faith in is the inherent value of their current patents and the likelihood that additional ones will be provided. Should those patents do as they suggest in providing significant tech chip/AI advancement, I would think any news in advance of the proposed possibility of a R/S would bump the pps.
I understand that GTCH is no longer involved with this deal. No longer having an impact on GTCH pps.
Don't give up. There is next week!
At this stage, 6.7B O/S is a bit hard to take. What MAGIC/GTCH intends to do about it presents a REAL threat to SH value. While good signs of revenue raises the pps, the ratio size of the anticipated R/S will likely dictate the size of the SH's green pasture. We can only wait for the corner posts to be set. Manager's are to be given, no doubt, shares as part of their pay package as MAGIC moves forward in making a success out of GTCH patents, while Longs have already BOUGHT shares out of our pay package. A VERY decisive difference.
Just how much is management willing to share with those of us hanging on to their coattails???
Yesterday's trade for day-trading shorts was a dud. Shares borrowed assumed trade at 3s. Never happened. Borrowed replaced at same pricing... as I see it. Sold and repurchased at 2s.
Not making the same mistake today. Little trade. What ever trade occures will be retail enthusiasts. 2s are VERY CHEAP. Wish I could get some.
The trade today tells me a lot. Very comfortable with it. The wait will be worth it.
More on shorting. Take, for example, the trade volume of last Friday. "REALLY", only 6M out of 48M volume was real reatail trade (although REAL retail traders bought high and sold (in theory, unless MMs sell 'from the shelf' cheap shares bought earlier in the week from retail traders ditching shares) shares at lower prices due to fear of the share price dropping further. Blah, blah, blah!
I believe it, your choice to believe or not as well. The actual truth on how the market is manipulated via Wall Street types are purposedly kept secret. Their profit, primarily, depends on retail investors remaining ignorant.
Brey, today's action MIGHT just spell it out for SHs. A test to my theory that dilution is now over.
Keep in mind though that GTCH is still subject to the whims of both MM and shorting. The OTC still reflects the impact of created shares that result when a short has to cover a borrowed share. Both sell and buys - the sell after borrowing and again the buy created in buying a 'real' share to return the share it borrowed from the 'real' retail investor owning the share it borrowed in the first place.
Shorting is the corrupt side of trade. MMs promote shorting based on the desire to attain further profit. Therein is the corruption: MMs temporarily raises the ask, forcing those wishing to buy shares at the time to pay more for those shares. Then, upon seeing that shorts have satisfied their need to sell what shares they borrowed, the MMs then move to force the pps back down to a pps level that shorts are 'happy with' to buy shares to replace those borrowed initially. MMs and shorts both make money doing this. What an arrangement. NOW THAT IS A SCAM!!!
OB, I think we need to take a step back and watch for a bit. The numbers you have thrown out there could well be true but I do not think that is the case.
Increasing the A/S has to be public information. I have seen nothing to indicate that the A/S is increased. OTC still indicates 10B. The 8K brings up the issue of 10B (with voting rights) with rights of conversion at .0035. 10X + of what the pps is today. Magic cannot convert as yet, so does that mean the A/S will be [color=red][/color] increased to accommodate PRIOR TO the need or does the 8k violate the public notification PRIOR TO the commitment?
Also, SHs are well aware that the O/S has doubled over the last few months. Who got the $$ from selling those shares? GTCH? Then tell us what the additional cash is being used for. OR, was IGOR forced to sell their dilutive shares to eliminate their GTCH debt obligations? No news there COULD be good news for the elimination of any and all GTCH outstanding debt.
Could the 10B share (I series) mentioned in the 8k not be new A/S but a statement in effect stating that Magic now holds TOTAL control of GTCH. Consider that GTCH is "pledged" only to GBT Tokenize and now MAGIC has absolute (the majority of votes given that there are 'some' retail holders of GTCH shares) control of GTCH, the trading symbol, and the majority of voting rights to ensure it retains the right to dictate what the future of GTCH has.
Maybe the 10B shares mentioned in the 8k are 'in reserve' to assure that MAGIC retains control - never really considered to be "needed" but to offer a control security net? What if MAGIC already owns the controlling interest of GTCH shares RIGHT NOW!
THEN nothing would change other than on paper. If GTCH is truly debt free, the O/S would be stable, the current A/S would remain with little or no need to sell new shares from this point forward. Where would the pps stand then?
Let's just consider that the SHs are NOT in the know. I, for one, am NOT going to jump out of the high-rise window until I know more about what the real intent is for issuing the 8k.
By the way, the company of GTCH did NOT give away the rights to the valuable patents. GTCH issuing the 8k assures that their 50% share of the patent rights remains under the umbrella of GTCH SHs (a small portion is us retail SHs). By doing so, it may have just created an avenue for 100% rights to those patents to be consummated under ONE company called MAGIC. 10B, 16B or 30B...all united under one ticker.
Retaining our rights to share in the prosperous future that "new" company has the makings of is all I want....as long as I some green out of it.
Any clarity this coming week?????
It is likely that SHs will not receive any news until next week, at the earliest. Sure is a drag and frustrating. Where are we heading?
IMO, when there is an actual PR, THIS TIME it will affect the pps in an appropriate way - unlike being used to sell new shares. The dilution phase is over.
Just waiting for the other shoe to drop
It is fun to speculate in mind as well as in money. Pondering does make waiting less painful.
Focus now on MAGIC and a strong belief they are a private concern that desires to have their shares traded on a main public trading platform. All we know at this point is they are associated with two tickers that could hold a quick bypass into that public market place: GTCH and AVAI. GTCH has 6B O/S and AVAI has 60M O/S. GTCH is on the Pink trade platform. AVAI is on the QB. GTCH trades at .0003 (on its way to .01). AVAI trades at 1.50. MAGIC has controlling interest in GTCH. GTCH has contract interest in AVAI. Check out the AVAI PR today.
In the realm of the public stock trading market... are we seeing a track develop: GTCH --> AVAI --> MAGIC??? Is there a mix in place to convert GTCH shares to AVAI shares (proper conversion rate 1/150) and AVAI renamed to MAGIC? MAGIC would be well on its way to NASDAQ???
I feel better just typing that thought out!
I expect that if the news is right, the 150M on the ask will be gone in a flash. GTCH is due a 1B trade day....
When MAGIC decides to inform its SHs about the events moving forward, there will be a string of them! BIG ONES!!
as anxious as I am, I understand that it will take time to present the facts. We must wait longer so that MAGIC can do it appropriately.
BIG BANG theory in effect! I just hope they include the SHs when the affects are felt.
Check out the AVAI PR
Soon to be on the Buzz Cloud too!
Solid response. Yes, GTCH has given the proper SH notification and they could implement any time they wish.
But like you said, I do not see the need to do so. The remainder of the A/S seems secure now that MAGIC has complete control over it at .0035. The current 6B O/S, with a presumed float level much lower, can be managed without hindrance to GTCH's pps if the right cards are played. I think MAGIC intends to provide that. "R/S" is no longer forefront in my mind.
Now my mind wonders "just how long is MAGIC willing to wait to attain what I think they really want: Listing on a major trade platform.
Sure, a R/S would get them closer to the higher pps required to gain access but so does the "pakage" they have to drive drive the PPS up via the right PRs. A $ .02 to $2.00 PPS may seem lofty but really attainable when large sum contracts for their technology go public.
Right now though, .0035 seems really wonderful to me. Let's get their first!
It is not worth listening to Joe! NOTHING is set. A lot is to be learned before that...
There is REALLY a lot that has happened that we know, the 8k. What it means and where MAGIC intends to take us IS UNKOWN and knowledge of THAT will shoot the GTCH pps "to the moon"!!
Let me ask. Do you think the dilution and float will remain stable? What is your thoughts on not implementing any R/S either. BIG companies require a BIG supply of shares to trade as they make a name for themselves. The remainder of the A/S is locked up until the pps gets way past .0035 to make it feasible for MAGIC to feel it is getting its money's worth for financially backing GBT Tokenize.
GBT Tokenize IS GTCH. It could also be MAGIC. The source material we have available even suggest an "IPO" scenario.... What does that mean? What impact would that have on existing shares of GTCH? What is really going on behind those closed doors???
GTCH to 'MAGIC' has a flair for a ticker symbol in the NASDAQ or NYSE... Kiss Pinkyland goodbye!
I am confident enough to say that it will come this week. The need for clarity is obvious.