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Keep your eye on the winning horse. GTCH is it. What they have provided through PRs is a gold mine. ALL of their tech is being provided at the right time and potential consumers for their ware are aware of it AND want a piece of the action.
good grief, another one!
Vol, I am going to repeat myself but I do feel the DEAL will NOT go through until after the R/S is implemented. I think we are looking at the fall before things are set up in reality.
I will try transferring some funds to E-T in an attempt to get some of those 3s as well. While I predicted it, I was unable to prepare funding in time to take advantage of it.
Nothing wrong with that perspective. We WILL make some bucks here.
Correct. The DEAL is real AND will make a BIG difference.
So what. The R/S was in the works at the get-go. How many shares are in the O/S is not relevant at this stage. Management is just intent on obtaining as much 'free money' as possible before they implement the R/S.
Long SHs take the brunt of the affect doing so has on the pps.... as if they care.
I do try to subdue my anger with the guy due to what I think he inherited from the dirtbags that ran GTCH prior to him coming on board. Just think of new shares as toilet paper, being used right now by the new CEO to clean up that mess. Options are very limited for him....unfortunately for us SHs who committed to GTCH, it appears, much too early in the game.
While emotions have been running a bit high, it still is better to vent on a stock board than bottle up all that discontent.
Ah! I feel better.
Where were you when I needed you??? Nice to have a body or two that actually exist in the real world.
Obviously, you need to take another study course that may be applicable to the real world within the Pinkyland that GTCH exists.
Lessons Learned has been part of my evening meal after every day of trade since 1980.
Still, the only thing I can be sure of, my plate will be full for the rest of my life.
Correct. When management decides to dilute (especially when they have loads of buyers on the bid), the majority control is THEM....not retail buyers. Who is buying now is the BIG mystery to me.
All I wish (not really a wish) to be sure about right now is the R/S. One is coming for sure. 500 for 1 seems to be on the mark.
How long ago did management set that? A long time ago. THEY knew this deluge of dilution was forthcoming.
And here we were, long SHs thinking we were on the ground floor at the RICH building. Jokes on us.
Don't know what the hell you are doing and just lashing out like the rest of us dude. I am not your answer or excuse for what is happening with GTCH right now. You lose just like I do, but I don't blame board members. Only difference between us.
Ever see this kind of crap before? I sure have not. Dilution, yes. But NEVER have I seen the ease of which those dilutive shares have been bought up so rapidly!!
Why does every ticker I buy end up having more learning curve? Will I ever actually know what I need to function well enough to walk away with a profit?
Damn right. SHs are the pawns again in the real world where the kings and queens make all the $$$
duh! But you still haven't said who and why... So it is YOU that has the inside track with GTCH!!!! Would have been nice if you had shared that information with us. Sly devil.
I still do not have any idea who is buying and how the purpose in owning all these shares ensures that someone is going to make a profit in doing so.
They got it...
for sure. Most of what I post stems from emotion generated by whatever state of affairs I am in at THAT MOMENT... up or down.
I hope so vol, but recently, it seems, it doesn't matter how important the announcement is, somehow MMs have the means to flatten its effect.
I am beside myself wondering why GTCH's pps is not a helleva lot higher than it is currently. With so much good news being presented, here the SHs are with shares valued at far below what seems reasonable to me. It is NOT solely governed by the ungodly rise of the O/S either.
Lovin' it! The more I post, the more notorious I become. I am getting it. Anyone that expresses anything negative (realistic or not) get cornered into that 'web of disrepute' for having ill-gotten power to lessen the chance of another's prosperity from investing in Pinkyland. I am now an evil doer.
Someone, not me, posted that none of the 'deals' will go through UNTIL a GTCH R/S happens first.
I take it that you disagree?
OK. I am willing to say it again. I think the dilutive forces had subsided. Today's trade indicates what I think to be a reasonable pattern for retail traders either having shares and wanting more or newbies convinced that getting in GTCH at this stage is a good thing.
I sure hope dilution has ended.
Absolutely!! Where my confusion lies is NOT with revenue value but rather with how things will shape up for SHs in accounting for the recent dilution.
Have to think positive: just think, after all this dilution and GTCH decides to implement that notice of one share for five hundred, if you have 500 shares right now, you will have one share worth $.25!!- that is, if SHs are "lucky" enough that the current pps moves up to .0005 before the R/S is transacted.
When you least expect... Now, what is up with GTCH! No trade at all!
Just stating the obvious, yet every day it seems these days that the trade does what you least expect ... look how many times a good PR is released and the pps goes down, for example. Now no trade today after yesterday's large volume episode. What games are being played here?
Boomer, you are in the ballpark. Most retail traders do not sufficiently understand, IMO, that there is significant leeway in ANY contract negotiations. A deal is NOT consummated until ALL parties sign off on the agreement. In other words, words in print outside of that actual agreement ARE SUBJECT TO CHANGE.
Another point to be made is that, for me, GTCH is NOT a part of the Bannix merger, they ARE to be included in the CONTRACT negotiations. What this board is discussing is not really the merger for GTCH but rather what part they play in providing some very critical technical operational software purchase that MUST be included if the merger parties intend to consummate the actual merger between those two companies...not to include GTCH.
I am anxious to see if others reading this post agree!
Come on TN, I am a squatter on this prized land. I may talk a lot, but talk is cheap...or I would not be here. Your inference suggests I might have some ulterior motive or agenda...
I SURE DO.... to unload my dissatisfaction for the day. Unload all the damn anger I have with longs situation with GTCH. What I say is plain to see, so I can easily form an opinion of the days action rather quickly.
I am pissed to see how easy the system is to glean every last cent I have out of my pockets. Sharing my distain at the EOD is my only relief.
Sorry folks, don't be surprised to see all the 3 bids bought out. This whole situation is strange and beginning to raise a stink in my mind. REAL long SHs are being squeezed in a play that is hell bent against us.
It appears that loyalty to long SHs for hanging tough during GTCH's struggle will not mean a damn thing. There will be gobs of $$ to be made at GTCH but longs with even VAST holdings will suck wind when the power shares are passed around - we won't be able to afford them.
Luck didn't seem to apply here, DD has shown us the light very early - now there is a movement to punch our lights out. Gain, sure! Bottom floor to the top type of profit? NOPE! The control is elsewhere. No IPO here.
Yes, but statements over a month ago. Since then, all hell has broken out in regard to the O/S.
"we have cleared up the majority of our debt, so we're in a good position in the event we need to apply for a business loan" seems so illogical given what has developed over the past month or so.
So, if GTCH is intent to obtain a business loan because debt is clear ... why the deluge of new shares dumped in the O/S after that discussion? Besides, who is buying all these new shares? I just cannot see retail investors sucking up all these shares.
My insight is clear as mud!
I do try and stay abreast of what I feel are trade indicators. It is not about being negative or positive, just a matter of how I see it at that time....just like now. Digesting the trade action most recently, I was convinced at first that dilution was the only means of removing dilutive debt. Issue the shares and then let the lender sell at will to recover the debt and/or make a profit.
Then, as it continued, I began to think that there was a need for operational cash for the purpose of a possible (manufacturing) acquisition.
Either of those actions could be considered a positive factor if results improve the bottom line of operations. Considering the magnitude of patent approvals, contract negotiations and the diversity of application of their 'products' could potentially result in substantial revenue generation. At that time, the pps was considered to be primed for an uphill trend line.
As the dilution continued though, talk of an R/S raised its dirty head. While not necessarily a bad thing either,if the post pricing could be retained and even advanced - although SH leverage would be dramatically reduced in regard to trading volume and speed potential of further pps rises. This is coupled with the thought that the use or need for the dilution is no longer as clear cut. Dilution became 'daily' and still does not appear to be ending - a long way to go to 10B?
Puts the concept of 'acquisition' and 'eliminating dilutive debt' to question. It also raises the question of how can so many dilutive shares be bought up so easily when a R/S is staring you in the face, no matter how low of a price you paid.
I obviously do not get it.
I think that is correct.
When sarcasm has to be explained, it has failed to be...
The longs are screwed here. The CEO was/is willing to dump enormous amounts of new shares into the O/S, MMs covet the lucrative naked shorting and insiders are icing their own cake behind closed doors.
Yes, as a retail investor, I want to make money. But, being retired, I need to have something to enjoy during the time I have left. I want to have something of value to do. I want to have fun!
Unfortunately, I do not golf. I picked trading Pinkies as one of the activities to entertain me instead. It used to be fun. The last three years it has not been. The "rules" have changed drastically....and the changes have not been for the 'little guy'. There is no real need for logic and rationality for doing what we do now. Pinkyland has become a real casino now. My pockets are just too easily cleaned. Today's trade of GTCH shares has convinced me that I need to look for a new activity fast...while I still have money to support it.
Something cheap. Focused now on painting pictures. Surely, I have just as much a chance of having my paintings sell for big bucks - as I do now having my shares of GTCH doing so. If people like us buy shares of GTCH on past highs only to see those dollars go out the window, there will be 'investors' willing to by my paintings for big bucks only to see that value go out the window as well? At least they would have something physical to hold!!!
The 'good old days' would offer up a good surge right now. Let it rip! Not any more. MMs have the means to thwart any rise with tons of 'borrowed shares'. SHs have no means to determine if what they are buying at the time are borrowed shares or the real deal. Borrowed shares offer the MMs an unfair advantage of curtailing a rise in the pps by 'dumping' borrowed shares that create their own temporary dilution...sufficient enough to put the fear in active traders in 'keeping' any actual green from a transaction. Sales are induced to sell, realizing less gain BUT at least some!! What we see today is MM doing their finest work.
Red-faced. Whew! While I was creating my last post after checking for any public releases, unbeknownst to me, thank goodness, a PR was released!
Not that it will matter, it seems from past trade reaction, it is likely that the L2 reaction will be a disappointment anyway.
Still, it does give me hope again that 3s will NOT be taken out!
There is little to hope for today. No news and yesterday's trade actions led me to believe MMs have a stack of new shares to sell off. Still an indication that dilution has yet stopped. NOT taking out the bid at 3s by EOD gave me hope that dilution might have ended.
Sadly, without any PR encouragement today, 3s may be under attack early. SHs are in a very bad position right now. Business operational ignorance AND a definite decline in value for their investment.
While it may be easy to 'blame the CEO' of any Pinky operational ticker, you might want to consider understanding that any 'Operational Business Training' the CEO may have required prior to entering the business world provides the 'base knowledge' of A/S and O/S relationship in attaining not only share value but also in providing their ONLY source of operational cash!
Using it wisely (by the CEO) may in fact "require" dilution AND a hard-core view of NOT caring about the well-being of their SHs value. There may be a very realistic viewpoint in understanding why GTCH's CEO DOES NOT HAVE GTCH SHARES!
These are the types of comments I pay attention to. Keep them coming!
I still own a significant number of shares outside of my E-Trade account. Held on to those because selling them at the current price is meaningless. So I still pay attention to the goings on - although they have not amounted to much as far as encouraging.
Travesty. Longs have taken a beating on this one.
Is there still life? I do think so, but dreams of any recovery of my original investment is nonexistent. Many years ahead for ANYTHING to pull VXIT out of its doldrums.
Keep in mind that TGHI has a link/arrangement with GTCH. GTCH has a whole world of potential with the potential to announce a great deal at any moment. TGHI's right to utilize some of what GTCH has to offer can't be a bad thing.