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Expect a dull day today.
Will Longs have anything to cheer about this week?
Well, Longs have to start at .0002 this coming week. Not unexpected. All we can do is wait for the next PR and hope to see it affect the pps rather than yet another chance for expanding the new share dump.
From my perspective, the 'dump' is not all new shares. Most of what shows up as trade volume is a result of MMs encouraging the shorting play again. Remember, shorting results in a 'double count' on volume. Volume reflects the sale of shares "borrowed" and again by the requirement that the shorts replace the borrowed shares in buying cheaper' shares once the MMs force the pps down so that the shorts can buy up cheaper shares.
I remain hopeful that Friday will once again put the pps at 3 going into a strong next week!
Next week....!
For me, it was a matter of recall - NOT doing research as you did. Still an opinion, not to be confused with fact. My error I assume, not willing to check it out. Can't imagine that the ask remained stable over 3 months! I do recall some buys! Did seem to recall that there was nearly a B 1s available at some point!!!
Hey werbe, plenty of time yet. This week thus far, seems to be growing interest. Even the amount of ask has drastically been reduced. The fact that even 2s showing up on L2 tends to give me some hope.
For real? We going to stay at 3 today. Wake me up, I am dreaming...
It does me no good to express doubt after I have signed on to owning GTCH shares. Don't think I do not have them. As certain bashers posting to GTCH's IH site have repeatedly expressed, GTCH has history. BNIX has the CEO that was once GTCH's very own. Current trade patterns are reflective of what has happened throughout the history of GTCH. Maybe GTCH doesn't even perform R&D because it may not have current staff capable of doing it - that current PRs regarding the advancement of previously submitted patent reguests gained ONLY through buying up (via extreme dilutive arrangements) those existing patents/efforts generated years ago, with actually NO actions being taken since to improve, refine or even generate new conceptual patents.
I believe none of it!!!
As far as I care to, I think of 'summer' to begin July 1st. After the 4th, I think of the market as being in its 'summer lull'....generally in reflection, I do not look for any new tickers to follow. Yet for those I currently own, N/A. I still expect important action to be taken during the summer, as I do regarding GTCH. Go figure.
GTCH has many factors that are in play right now that are not inhibited by what day ot the year it is. Summer will be lively for GTCH. PRs provided, just not as frequent. Patent status updates. Further contract negotiations furthered or newly initiated. New partnerships. Potential acquisitions. Operational advances.
Yes, SHs have a lot to look forward to. GTCH operations on the move. Preparations continue to meet planned objectives. Stay tuned!
Personally, I think SHs are being deceived. There is much more O/S than listed. While short volume can distort everyday trade totals, new shares rather than borrowed shares have been released at astounding levels. 500M in June does not cut it!
Obviously, my mind does not allow me to trust.
Hi beer,
While I do admit that dilution is a big factor when developing an appreciation for a ticker, it is not primary. Even a consistent history of dilution and R/S does not raise red flags with me unless it is flagrant use of the cash it provides without operational improvement.
Patents ARE operational improvement. GTCH has submitted and has many approved. Research and development is expensive IF the staff they pay to create these patents are worth a hill of beans! Especially over a long term period such as GTCH's.
I think my difficulty here is not the dilution but rather why it was necessary to 'dump to high heavens'! The 'what for purpose' has not been divulged. Many longs like myself believe the results stem from the elimination of dilutive notes. If even for that purpose, it would be beneficial to GTCH to have a clean slate moving forward in implementing their patents to generate revenue in the near future.
For me, I just want answers to the "why" rather than to concern myself with the level of dilution. I think it is a given that GTCH is about to implement one. What really is the difference if the O/S is 8B rather than 4B???
I think when answers are provided to the why questions, longs may yet provide a sigh of relief.
Nope. Didn't know.
Not that I believe it, but the BNIX PR this morning makes no mention of a GTCH association thus leaving open the possibility that the GTCH AI enhancement tech package was rejected by current management of BNIX. Thus another reason why the GTCH pps went down.
Of course, buyers of those depressed value shares saw inevitable gain in doing so.
Notice that after the news, BNIX did not trade.... more to this story than we know
Horrible day on paper!!
I never say no. IF the pps stays at this deplorable level as shown today, I can not argue with you. I just do not see it that way is all. Reality has yet to show its face. I have no choice but to wait for it. I am committed to GTCH as a long.
If you have the means and the desire to do the research of their PAST dilutive steps and the history of their R/Ss, I am not a historian, then you need to show that such dilutive steps in the past occurred just as it has shown its face this year. That is, did the dilutive steps occur in such a way that compares to the very short period of time taken to do so this time.
I am suggesting that will not be the case. This short period of massive new issue and SALE of those shares this time makes me think that SOME OTHER REASON IS IN PLAY HERE. The cash derived by the company issuing new shares is NOT going into company/management pockets. The cash from sales at these levels IS NOT BEING USED BY THE COMPANY TO PAY BILL IN ORDER TO KEEP THE LIGHTS ON.
I believe you will find that WAS the case in diluting years past. This time is for OTHER PURPOSES. I have no factual basis for my opinion other than what has been provided via PRs this year. I believe measures are being taken to redirect the interests of the company and its SHs. BIG events ARE going to take place during the remaining months of this year. I retain the belief that I am NOT going to lose money at this point. Probably not make what my greedy mind can ponder, but current longs are NOT going to lose money from investing in GTCH over the past year.
With 8B O/S, GTCH's PPS should be .002. That is what I expect to see during this summer. Don't ask how I derived that figure...
Are we going to know WHAT'S UP? next week? Certainly not tomorrow.
It will be the retail traders that raise the pps, insiders will make all the REAL $$$.
It seems to me that the implementation of the expected R/S is very close OR some other arrangement to reduce the O/S and have the resulting new post PPS reflect the REAL share value that will continue to rise as GTCH's technology impacts global business.
Allowing?? How is that. Must be a power I have no recollection of.
Even if the O/S taps out the A/S at 10B, its PPS has inherent value FAR above .0002!!!
LOIs are not binding.
Still, it would be nice if someone 'in the know' would in fact let us ignorant SHs know as well. I am of the impression that all this dilution is GOOD for the shareholders. Too much, too fast and plenty of mystery.
I am game. Let me posture a bit...
The run-on shares today do directly tie into the BNIX deal. There is more to this deal than what is stated in the 8-k. Mention of GTCH previously by these two companies and nothing in the 8k DOES NOT mean their interest in GTCH is no longer apparent. I think it is the complete opposite.
BNIX may have a far greater share of GTCH's future now. I am suggesting, emphasizing todays volume the day after confirmation by the BNIX 8k, that the buyers of GTCH shares at recent pricing is noneother than the joint company formed as a result of the 8k....
Could the FIRST action of the new company be the action of the outright acquisition of GTCH???
Gee! I guess dilution is not over. It is the "buying" of those shares that confound me. NOT the fact that GTCH chooses to dilute.
Good effort on your part. Sad to here you did not get any filled when 2s were sold...likely MMs sucking those up.
Hope you have a share amount anyway. Your personal pps is more than likely much lower than mine. Been buying in close to a year now....lowering my own personal pps as GTCH's pps fell over that year.
I am in agreement with you per 'significant move up'. I probably have my personal expectation much lower than yours throughout the summer. Breaking .001 would make me happy!
May profit be likely for us all by year's end.
Expecting to be in the 4s today!
Ah, got your interest Shev....
All good. Just a waiting game now. IMO, what we are seeing in trade is actual retail buys and not from new shares. I think the dilutive phase is over. Probably some new issue yet but far less than we have seen - slow, new shares trying to be sold at higher pps than 3s. 3s right now are a retail buyer's dream given how longs perceive GTCH's future.
I am more inclined to see any new PRs contribute to a rising pps...not overwhelmed by new issue.
I also think that GTCH does want to retain that new AI sensor as a product they will have total control over - IF it works as designed, what a boon for not only the medical professionals but also home use. I think GTCH management is looking for the means of production and sale of these devices wholly through internal acquisitions.
I am inclined to believe that GTCH wants to retain its independence as a ongoing enterprise. It will, I believe, continue to make arrangements with other entities that want their wares to either provide royalty revenue or, as TREN and BNIX, tie in with a 'user' through attaining shares rather than outright cash.
A lot going on behind closed doors Shev, my opinions above on provide a 'few' guesses that might occur in the near future within GTCH. I am hopeful that GTCH has finally reached its turning point where devoted and loyal SHs will begin to profit from what GTCH has to offer as well.
Thinking what I am thinking?
Words do not kill, only actions do. Yet is is rather obvious isn't it that GTCH will have to do something about their enormous O/S? Just how high of a pps will a 7B O/S support even if they start showing a positive balance sheet?
An RM or buyout will swap shares of current GTCH SHs via a ratio - much like a R/S in reducing the number of shares but then YOU WILL HAVE SHARES OF A DIFFERENT COMPANY rather than post R/S GTCH shares.
I favor an RM/buyout myself....it will catch everyone by surprise. Bigger company can protect the interests of the managers/techs that spent years developing the S/W or creating mechanical designs. Patents are good but must be enforced most often by lawsuits (or the assured threat of one). What better defense than a company with deep pockets and a LOT of clout????
Not really a PR but rather an advertisement to promote their Magic suite of SW.
The PR release today is, again, significant as a means of 'broadcasting' the capability of GTCH's Magic 2 suite of AI enhancement of creating/manufacturing microchips. Technically way over my head yet descriptive enough to understand what GTCH's tech can offer and accrue substantial revenue streams IF in fact the detail they provided is accurate and proven to do what they say.
Advertisement of wares is equally important as providing/creating the tech - if companies don't know about its existence and capabilities, what good is having it if you can't sell it? Advertising is critical as well. I would expect the trade volume today to reflect this knowledge AND create a positive rise of the pps.
Real world experience has indicated otherwise. If GTCH and its dilutive lenders continue to flood the O/S with new shares, SHs will in fact see a downturn to the pps as previously noted when other obviously positive PRs substantiated the reverse of what would normally be expected.
Again today? I hope not. I would like to see, instead, that dilution has been tabled and the trade volume created by this new PR will result in the turnaround LONGS desire. I think I can reasonably express that ALL longs understand what the inherent value GTCH possesses yet its pps reflects only a downturn due to excessive dilution.
Come on GTCH! Can't we at least see .001 show its head again??? Even those 'shorts' that bought up all those 3s generated by dilution would jump for joy! Those lucky suckers!!!???
Every day the screw gets tighter. Dilution still apparent. The 2s threat still exists. How long will the diluters wait for their money? Getting the bad feeling that 2s seem more tempting to them.
Postings dropped dramatically. Don't lose hope!
I expect some news this week. If so, will have to watch to see if such positive news moves the pps positive too. IF so, dilution over. IF not, well, postings will reflect misgivings...when there should not be any. GTCH has the right stuff. I assume management WILL let long time SHs share in their wealth. Have the patience it requires.
The spark we need is to have the dilution stop. ANY PR after that will provide the fuel to start moving GTCH's pps forward. If the dilutive stage is not over, ANY PR will only be used to sell more new shares.
Looks as if we have to wait until next week....
SHs can only hope that the trade action this week indicates that Management's dilutive efforts are over. Or are we just waiting for another good PR? I remain hopeful that any future beneficial PRs will have the desired effect of raising a VERY undervalued PPS! Summer 2023 may be just one of those summers that granddad or grandma will reflect on to his/her wealthy grandchildren.