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I want to read it. Where is that fine print located? Copy and paste??? OR is it how that 'fine print' is interpreted? I hate reading between the lines. I like things spelled out for me. Screw the fine print...
YOU need to EXPLAIN. So BIG of you to claim knowledge you obviously don't have the desire to share.
Yeah, OK. I will believe it when I see you explain how ignorant I am.
Hmmmm!!?? Quite an increase in Derivatives. Option to buy.... what????
Cash on hand...zip. So, who sold off all the 'new' shares required by note conversions? That debt, it appears only went down $500k.
Why the need for delay. Nothing noteworthy.
Diluted share obligation/value: went from 4B to 26B. Just how much of this will be in the O/S and how soon?
Little to see, a lot to think about. At least the 10-Q filed.
Anyone possessing the illusion that GTCH Management is looking out for its SHs?
This is all the positive thinking I can provide: could this surge in volume represent the naked shorts their last hurrah? Does Wall Street know a bit more than Longs here and preparing for a pps rise because of some great news in the pipeline? I know, it is a damn weak positive statement, but it is all I can muster.
Doubtful we will see many more 3s being bought up. The chumps have quit biting!
Likely that some of these 2s are new shares being offered by GTCH just for the pittance they are selling for just to get the free cash the A/S affords them before they R/S the hell out of this ticker!
I think any retail buyer is being taken for a ride here. 1s are NOT off the table. Immorality flourishes in Pinkyland.
Nice to see that some of the 3s taken out but it appears that enough retail interest was available at the ask that naked shorts got them to buy borrowed shares at 3s and are now replacing those borrowed shares at 2s. Longs have witnessed this MM routine previously, just another similar event from my perspective without having and new public information.
Have any idea what caused this surge in volume? Looks like just another MM scheme to assist naked shorts in recovering some gain and cheap replacement of borrowed shares.
Thanks for the lead-in NBT. Confirmation of previous PR. No impact on trade today.
However, can't but help feeling that pps movement COULD be in store IF evident pipeline news is released before GTCH implements the R/S.
I cannot believe a movement through .001 is not possible before the R/S IF only GTCH could release ANY news beyond the BNIX/AVAI non-cash ONLY preferred shares purchases.
GTCH has so much going on beyond those announcements. Take for example, the device they have touted as potentially manufacturable in the near future...the blood pressure device. That device goes beyond temp and heart-rate devices.
Could the cash taken in from all these new shares being sold over the last few months being used to set up a manufacturing facility? My understanding is that GTCH-Tokenize want's to retain this capability in house.
Or, were the sale of these new shares the result of GTCH-Tokenize being able to clean their accounts of all dilutive debt? That being the case, alone, the retail market would/should reflect a positive trend upward in providing a solid/cleared financial base.
I am of the belief that there are many events such as those mentioned above that could boost public knowledge of GTCH's profitable future. I just want those circumstances announced before the anticipated R/S occurs.
Being that there are NO set rules that govern the duration of an outstanding naked short position (other than a broker's demand should the ticker shorted go "boom"), the trade today indicates, to me that is, naked shorts are covering their borrowed shares at 2s. Nice of the MMs to cover them...unless new shares (more dilution) is.
Anyway, it does look like we might see the GTCH pps rise throughout the week if naked shorting disappears. That would be nice.
A thought to ponder: Let's just say BNIX, when the EVIE deal is consummated, a RM will occur AND it is expected, the symbol BNIX will be changed to EVIE. Taking into consideration that the purchase price was in fact $850M. No cash exchanged hands, rather the 'owner' of EVIE gets paid, as well, in convertible preferred shares.
Both GTCH and EVIE's owner has has agreed to shares that DO NOT EXIST IN THE O/S RIGHT NOW. BNIX pps right now is at $10.60.
The value of the EVIE purchase right now would amount to about 80M common shares of BNIX. GTCH's patent(s) would be valued at 4M shares of BNIX. BNIX currently has an O/S of 5.46M shares, or a current market cap value of nearly 55M. No A/S is listed.
I think there are some magic numbers flying around. Can't imagine that current BNIX pps holding up much longer...thus the $30M GTCH rider.
Until 2s are not readily available, movement is stymied. Naked shorts took a chance yesterday and borrowed at 2, were able to sell at 2 BUT were NOT covered with 1s. Risk is increasing for shorting. MMs able to hold back further rise with 2s off the shelf but naked shorting should drop off substantially, especially if outstanding borrowed shares are not even available for return at 2s (fee loss only). 3s dominating today's trade would put a bit of a squeeze on outstanding naked shorts.
Could happen if MMs refuse to risk shelf supplies at 2s if retail traders are leaning towards accepting a high ask price.
You and a 1000 more new retail traders would make GTCH's day. Value/gain factor is real but so few willing to lay their money down this early out. A lot more info needed before the potential shows itself.
Only you and a few others lucky enough to buy shares of GTCH so cheaply???
Well.... do you think it will have ANY impact on the GTCH trade today?
I doubt it. The BNIX PR yesterday for yet another extension still keeps the lid on today's announcement.
They should have waited until the BNIX and EVIE deal was signed. The fact that it hasn't still hangs heavy on fear that it will not. Then, what would BNIX do with its new purchase.
BNIX only has 5.5 million O/S. No announced A/S and yet, GTCH, supposedly, is limited to only 5% of the supposed BNIX/EVIE deal (cheap for a key ingredient?). Just how many preferred shares does $42.5M provide GTCH. Convertible to common shares?
Such unknowns kill any chance that this PR will have an effect on the pps today.
Pathetic
Wonder what is going on? Welcome to the BIG club. In effect, the impact of the 8K submitted after hours last Friday was negated by the release of the BNIX PR notice of extension. What good is BNIX shares if the EVIE deal doesn't take place? This is not just happenstance.
There is a very obvious attempt to continue to keep GTCH shares down. I would not even be surprised that more new shares were 'sold' at 2s and even 1s. The O/S will continue to rise.
The R/S is what is in play here BEFORE the main events in this circus. I no longer expect the ratio to be under 500. At 2s, most Longs are in the red. Longs provided share purchase cash to GTCH which they have no intent to 'repay' without a significant discount. I believe that past operational costs are NOT to be passed on to "friends of the GTCH family". Longs to bear through the use of yet another R/S.
Longs are not intended to be in the play (pay) offs without imbedded loss. Remember, retail investors pay hard cash for their shares. Friendly conversion notes for immediate cash (or 'obligation' dues) are meant to 'ensure' gain when such notes are converted/shares sold TO RETAIL INVESTORS.
The upcoming R/S (count on it being sooner than later) will tie retail investor's value in the red column. Our imbedded losses must be recovered in future gains FIRST before we will actually see green. Count on some of it. BUT it will NOT be humongous. Only management and friends are allowed to make it big if GTCH does in fact succeed.
Hey! Who am I kidding? Green is green, right?
MMs will sell all the 2s you want.
Damn, NOTHING it is. No fun in that....been going on for a year.
WTH! How can you extend an 8K? Or, did this PR just nix the 8K? OR, or the person issuing the PR is left without a clue?
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.