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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.
Anything in the pipeline for this week?
Jub, I would only agree with that IF I thought the dilution was for no other reason than fill the pockets of management. NOT. This dilution, it seems to me, is purposeful...primarily to clear dilutive debt and/or gather cash for some operational reason to enhance revenue generation.
Both of those alternatives to your perspective is beneficial to the company. While initial impact of dilution has a negative impact on the pps (because SHs do not know the purpose of the dilution) will be turned around upon knowledge of the purpose.
Even though I have posted previously of my belief that a R/S is inevitable, I know it is not a fact. Many other alternatives are available to management to improve the SS other than the R/S tool.
While I often condition myself for failure, I cannot but have positive vibes for GTCH and its SHs.
No poster should feel inhibited from ANY suggested possibility. The sky is the limit. SHs know so little of the inner workings. Best to create some mindset to prepare for the positive developments over the next 6 months.
I have the same opinion but with a bit of a twist.
I think there is a strong possibility that debt holders were 'forced' to clear their debt obligations with GTCH. Something may be 'UP' in that a merger/RM may be in the works that requires GTCH's dilutive debt to be cleared from the books. Note holders most often do actually receive a benefit in selling off conversion shares rather than receive a cash buyout.
Either way, GTCH wins. Their debt is off the books and they are 'clear' to pursue other ventures with a clean slate...
The statement above is just a 'twist' scenario. Not aware of anything other than my own observations and the 'imaginative mindset' necessary to dream it up.
I just have to mention this. I have been advised over the years that when a 5-digit number shows up on L2, I is an MM action. I remain astounded how many of these actions show up, especially with GTCH and over the last month or so. Just too many of those transactions not to make me nervous. Why so many and what the hell is going on that would require such a need for the MMs to do so.
Anybody willing to express an idea on WHY?
Anyone thinking like me - that GTCH does not have to have the split ratio as high at 500. That to 100 or less would do to get them out of Pinkyland? If GTCH really does have the right stuff, revenues would attain and sustain a Nasdaq ranking in a couple of years? Why would there be a need to do a severe R/S right now?
Come on MMs, just do it. Get it over with.
Taking out the 2s seem likely...although the trade right now is steering away from doing so.
Don't paint me wrong Max. I would love to see this dilution end. Other than buying a few shares at 3s today, I am done buying. But I also have to say, while I talk dilution, I am keeping an eye on the L2 for the purpose of watching what I think is ACTUAL retail trading today. I is beginning to appear to me that 'something is up', in that the trade indicates knowledge of an imminent release of good news. Trading is healthy in the UP direction. Is there a chance that FOMO is rearing its head?
Whoever is buying up 3s, god love 'em!
A lot of 'somebodies' are willing to buy shares at 2s. They are on the hook...easily fed with new shares.
I just do not trust management enough not to take out the bid at that level. They obviously were willing to sell into yesterday. Why not today? It appears to me at least that they are intent to use up ALL of the A/S.
Max??? 700 MILLION shares on the bid at 2s
$140,000 free money for 700M new shares being sold at 2s is not chicken feed.
Oh crap! Severe dilution ahead as they take out the 2s! What is the O/S up to now, 7B? This was planned all along. The 1/500 will be exercised. Then....who will own all those post shares? CEO owns 0. What board member will rule? Or are we looking at an RM with every 500 shares of GTCH you own will be converted to 1 share of company XYZ?
I would be interested in why you said this: the dwindling SP is suspicious to me...
I am too but may be for another reason: How can so much dilution hit the market yet be so easily sold (accumulated) so fast as well? I am unwilling to accept that these shares are going into retail investors' hands.
Actions over the last month or so provide sufficient observation to show why I do not put much emphasis on DD. Most information to date has been highly indicative of much promise for GTCH but the company's historical and current actions in the use of dilution and R/Ss leave an unpleasant impression.
DD gets me in, seeing what actions are taken and the impact they have since I have come on board...determine how long I stay. Not so easy to decide when there is a mixed bag. Contract possibilities and frequent patent updates provide hope while the dilution does not.
The dilution is clearly defined. Get as much free cash as the company can...we are going to complete another R/S all over again. Yet the PROMISE of their technology presents in generating substantial revenue is undeniable.
So now, what should I do? I stay, suck it up. Lower my estimation of gain... and wait some more. Not fun at all.
The ever-expanding learning curve in Pinkyland. Constant dilution with buying to support it...
I cannot argue that point Vol, in fact I would prefer to think you are correct. I cannot imagine that what longs see in GTCH's potential to be in error. ANYONE holding shares have got to be thinking 'GREEN', only a matter of WHEN we see it.
A thought worth pondering though is that current SHs, I believe, will lose a lot of leverage due to the eventual R/S, so I also feel the urge to 'lower my expectations' a bit on just how much our early support will factor into how much profit we can make. GTCH management, I am sure, is more inclined to protect the interests of insiders rather than the interests of retail investors.