Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Tweaking Google so they can buy them out?
Yep. No returning from there. Just ANOTHER loss to write off.
Impressive. Too bad GTCH had not built it.
Any of our longs getting any of these last cheap shares at 2s?
I have no $$ to do likewise, I am so unfortunate.
These buys at 2s today are either retail buying or MMs bailing out the remaining short borrowing replacement. No new shares. Stay tuned.
"Not a ground shaking news" that any investor has heard yet!! I said the 8k was critical (it is). I did not say that the 8k would be the catalyst for the PPS to run. THAT WILL TAKE PRS AND A LITTLE BIT OF ADVERTISING ON TOP!!!
None today...thus the trade lag. Tomorow??? Some speculators are getting some VERY cheap shares today. Won't last for long is my guess. Get them while you can.
Mind printing it out here?
We do need a PR to get this rolling! When it comes....????
This Agreement shall inure to the benefit of, and shall be binding upon, the Parties and their respective successors and permitted assigns. MAGIC advise GBT and GBT TOKENIZE that it intend to incorporate a wholly owned subsidiary - an entity within the USA and assign all its rights to this designated corporation.
Over a year ago and in plain sight! Agreement, IMO, is very well written without 'nebulous' fine print. Straight out: WHEREAS, the Company booked the issuance of the GBT shares and the Additional GBT Shares at $15,400,000 and impaired it, as per US GAAP, provided that in any event this investment would be eliminated per consolidation[color=red][/color].
As a Pinkie investor, I would be looking for the 'set up' GTCH now presents. Everything seems to be in sync for a big movement. This is what I would look for. Now to see if it pans out. To tomorrow everyone.
OMG! The 8k was it!! Now we will see what WallStreet thinks of it starting tomorrow.
The missing link is Magic. Just who are they (in Spain??) and what are their intentions moving forward. They have the operational cash (obviously), GTCH has the trading shares.
Starting tomorrow, we will now see what the real retail market thinks of them. No more dilution, no R/S and all of it in a hidden gem!!
I am sure not a lawyer but it does seem like Magic sure manages GTCH outright, all 10B A/S! Magic manages the distribution of those A/S. Around 5B of those have been converted via the O/S with owners of those shares on record (no doubt, Magic Corp is a big holder of them).
From now on, any cash generated through the sale of any more new GTCH shares funnels to MAGIC for GBT Tokenize operational purposes while in effect reducing the amount GTCH has pledged to Magic for their 50% share of GBT Tokenize. Basically, GTCH has provided Magic with a $35M pledge (10B A/S at $.0035 each) with ONLY HALF of the A/S remaining to be issued!!!
Magic is paying for the operation of GBT Tokenize in TOTAL! The CASH account is on Magic's books, NOT GTCH's. Now, moving forward, Magic is to be 'reimbursed by GTCH' via the sale of what new shares remain for $30M within the next 3 years.
In summary, Magic management is pretty certain that the .0035 price quoted for is going to be a LOT higher than GTCH shares are currently selling for on the pink trade market! Along that line of thinking, dilution via new shares are to be stopped until the pps at least attains the trade price of .0035!!!
This is my story and I am sticking to it!!!!
Agreed. About all I could find as well. Your statement of: "They are now involved in the ownership and operations of GBT Tokenize alongside GBT Technologies." may be understating it. The 8k seems to transfer the majority of the 'voting rights' in directing BOTH GTCH AND GBT Tokenize to MAGIC.... to me, that means the operational decisions are now made out of the office of MAGIC.
In effect, MAGIC could easily complete a full RM with the 'absorption' of GTCH in its entirety though GTCH "buying/acquiring ownership" of MAGIC.... with MAGIC management having the majority of voting rights (controlling interest) AND having the entire MAGIC enterprise {what ever that is} trading on an international stock trading platform.
The mechanics are there to do so...
I also expect MUCH MORE chatter regarding GTCH come Monday. A LOT of peeps have simply written off GTCH as unworthy of paying attention to over the weekend. Just watch....
While I am totally ignorant of the 'behind closed doors' going ons, I remain a solid optimist. Everyone taking the time to read through the new 8k should make a point to try and understand the significance of the 1000 of the Series I Preferred Stock. Easy to understand is the conversion rate of .0035. It is a 'far cry' of the current GTCH pps.
Given to what I understand of the patent's GTCH has put forth, I naturally see them as VERY meaningful. Their potential for generating substantial revenue is obvious IF what their purpose is for requesting the patent in the first place can be implemented as stated!
This next week's trade may in fact create gain as a result of what the 8k stipulates. Stability. MAGIC appears to offer the bankroll for pushing these patents to fruition. If understood correctly, to me, there should be a remarkable rise in trade volume. Retail traders coming to grips with the patent potential GTCH offers now. A .0035 pps does not seem much to break!
One other point I would like to add is the suggestion that the patent GTCH was willing to offer to BNIX may have been nixed by MAGIC for the sole reason that they see much more worth in keeping it within GBT Tokenize.
Has anyone taken the time to do research on Magic Internacional Argentina FC, S.L.? My initial Google gave me NOTHING. How big are they? Private? Have a ticker on some trading platform or is "GTCH" soon to become their trade symbol???
To me, the 8k came out of the blue... unprepared for lack of any information. Understood MAGIC tied to Tokenize but I simply (minded) ignored their part of it, thinking GTCH was where the action was. Now I am at a loss to ponder the effect on Long's shares...
I think what the 8k says is critical to all of us. Greater explanation coming this next week I hope. For now, I am inclined to suggest that what we are seeing is an RM in progress. MAGIC of Argentina appears to be running the GTCH show.
GBT Tokenize is the ONLY thing GTCH (half ownership) has going for it AND it appears that MAGIC is providing the funding to keep the lights on...GTCH's half ownership is its shares, no money. Now, from what I can glean from the 8k, GTCH has issued MAGIC (through its half ownership of GBT Tokenize) an additional 10B shares (via 1000 Is). GTCH IS GBT Tokenize! If all that GTCH has to offer and it only has an 'authorized A/S' of 10B... either we can expect the A/S to be expanded to 20B (Which MAGIC owns 10.166B of them OR GTCH is now MAGIC????
Something to chew on before Monday gets here.
IMO, I believe this weeks trade indicates that short trade is nil and that the day's trade buy rate is attributable to retail investors. Why to I write this? Because I believe the dilution is finally over. Just waiting for the other shoe to drop.
The Trend deal seems to be in effect. Just a matter of providing the legal details for public consumption. Also, AVAI use of GTCH's technology appears to offer tremendous revenue streams and thus, their pps should rise as knowledge of that revenue is realized. A win-win situation for AVAI and GTCH.
Does not surprise me ITH. When announced, I did question that GTCH tech seemed redundant. The benefit of doing so did seem quite costly for such redundancy. That does NOT mean that there is not another company out there that would welcome what GTCH has to offer. Next batter up?
It has been a while since GTCH has issued news intended for the SHs instead of ensuring sales of new issue to enlarge the O/S. I wonder if one is in the making? Wouldn't it be nice to see the pps react appropriately to some good news.
IF GTCH does in fact issue a PR, my reservation of impact rests on its use of such PRs to unload more new shares.... 99% of my interest is knowing that GTCH/Dilutive Lenders are done increasing the O/S anymore. It would be nice to have some thrill return on expectations.
I do not know how BIG it might be but I do expect some announcement that the Avanti/TREN contract agreement is official and that AVAI have been transferred to the books of GTCH. REAL money, money!!
OK. I will stick my neck out again....looks like the buy interest this end of day MIGHT be reflective of the possibility that tomorrow GTCH will do a PR regarding what TREN/AVAI did today. The GTCH/TREN contract has been consummated 'officially'.
Joe! I was trying not to respond! YOU are one of those who have not connected the dots! Read back a couple of months for GTCH news. GTCH has indicated sales of its Patent rights via share swap to BOTH of the companies mentioned.
All should take comfort in knowing that the VXIT CEO has "tremendous" experience through works with the likes of WallStreet cronies. Longs know that his experience will look like the 'normal' collapse of a pinkie but behind the scenes he has united his efforts to release the biggest explosion Pinkyland has ever experienced....only it will take 3 years...ah, 4 years, 5???
He has put all Longs' good money working for them. Just wait, and wait and wait...
Retail investors have yet to connect the dots to AVAI and BNIX.
How about MSSV renamed GSCG
So....TREN is now AVAI. That contract purchase MUST have gone through. $Millions$ of their shares has entered GTCH's hands. Revenue!! Millions of $. AVAI share price is moving up!!
So....why is there only 8.5 million share movement in GTCH and little rise in its pps???
" good for gbt,,,". No doubt. Just be mindful of the significant chance that IT WILL NOT BE FOR LONGS. His statement must NOT be interpreted as mutual.
As you indicated, I agree that there is a LOT going on behind closed doors. Not only do Longs have to wait for such activities/actions to be publicly known, we must also factor in what management may favor as being 'in their best interest'.
With GTCH's mindset of implementing R/Ss, there is no doubt in my mind that management has given far less importance to the wellbeing of its shareholders. Do not be surprised of how small your share will be once the lid is taken off of planned objectives.
Of course, with what I feel is GTCH's potential, I am expecting gain on my personal investment. Yet I am not so naive to believe that Long's gain with holding GTCH shares will be HUMONGUS. Not!
Those in the know and having the power to determine company objectives will reward themselves for the doing all the managerial work necessary to pull off the rise to profitability. Rightfully so. But what level of gain they will allow SHs to possess is not expected to be overwhelming given their historical position regarding shareholders.
My excitement here is tempered.
BNIX's extension to Aug14th nixes any chance of a GTCH move in July.
While these delays are expected, what isn't fully explained is that GTCH's patent SW is NOT so easily transferred from paper (patent submission and approval) to a real world application. This is the first 'real world' test for ONE of those fabulous patents GTCH has to offer. Do they "really work" to accommodate the business's operational plan and expectations?
Not surprised. I expect the full 12 extensions to be forthcoming.
Lots of time for GTCH to implement its R/S before any substantial revenue is realized.
I am NOT suggesting that what GTCH offers as it's patents capabilities are false. Rather, I am suggesting that Longs realize how LONG it is before revenue is generated in contrast to publicized contracts, acquisitions or partnerships. PUT UP OR SHUT UP REALITIES STILL LIE AHEAD OF US.
It is common knowledge that large companies WATCH up and coming small companies that boast having great potential. They wait for such companies to run the gamut of trial and tribulations to include the struggle of not only proving their mettle but being able to continue sourcing its operational initiatives through, often times, massive dilutive efforts deemed necessary to obtain cash to stay afloat.
THEN, and only then, does the BIG BOY (BB) determine that buying out that business is plausible for attaining assets that fit well into the BB's operational objectives.
I think GTCH offers such BBs ample reason to attempt such an acquisition in their case.
JP, anyone's guess. I don't think so. More to come. But longs have been 'had', if they think there will be a pps surge anytime soon. Closed door activities galore! Could go anywhere if longs have not been misled by the potential of GTCH's patents.
Remember that the CEO does not have shares. He/management will work out any deals to maximize their value before shareholder value.
I expect green but seeing my investment increase 10-fold is a preposterous dream. Still 1x or 2x by end of year is expected.
It appears that this is going to be a long, dry summer!
Boring as hell isn't it? Two things stand in the way of ANY pps movement: High O/S and a definitive contract providing a substantial revenue stream (or lump payment) to GTCH. Right now, any new investor is looking at GTCH and saying "NO"....GTCH continues its historic trend to complete an R/S and then dilute into the post pps. Nothing new. Same-o, same-o. GTCH has to provide 'facts' that disprove that perception.
Awesome?? Appears to be procedural only. Nothing dramatic as I see it. No impact on pps.
'more like'. Well, this is more like a buy-back AND an acquisition. A RM!
IF GTCH has operational patents that do as they say (I don't doubt it when the Patent Office provides that patent), then GTCH becomes a target of 'A BIG BOY'. IF one would occur, GTCH would agree to a share swap as a means of being 'acquired' by that BIG BOY. Say, 1 of its shares for every 100, 200...etc. Current GTCH SHs would now own shares of that BIG BOY's shares at the agreed upon price the BIG BOY desired to pay for GTCH outright in accordance with the number of GTCH shares investors now hold.
In reserve, I have no idea what our management has its sights set on. Would they even consider such a proposal? Maybe they intend to disperse their patent assests among many as is hinted with TREN and BNIX. What the hell do I know.
After the R/S? Just playing.... Like you, I am positive but realize waiting is not easy.
You sound mor confident than I am. I would think so, before summer ends, but I regret going on record for saying so....
I have said before that I believe the R/S will occur before ANYTHING happens as far as operations goes. It appears that the mention of patent contracts earlier was only for building expectations to sell off more new shares.
Hush my mouth!!!