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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.
Yes! For no other reason than to see that some trader still is buying a big chunk of shares at .0001 without any public news to support it. As you, I think that we have not heard the last from TGHI.
I am very relieved that my premonition that the 3s might be taken out was nixed. Seeing that and believing that we are just a day or two away from seeing some very positive GTCH PR provides me with encouragement that SHs ARE going to benefit from GTCH's GLORIOUS potential!
Yes, I am sick of being repetitive as well.. I really would like to see the events unfold the way they have been to MAKE me repeat myself. Damn sick of it!
Vol, I happen to be as optimistic as you are in regards to GTCH's potential future. Yet I cannot help but look at the enormous expansion of the O/S over the last two months as a threat to my optimism.
Sure looks like a game being played here. I have also learned over many years of experience being in Pinkyland that, while I have been allowed to play in the game, the rules of play are set by the umps.
These power brokers, the umps, are known for being on the "take" very easily. I feel like the ones we have officiating our GTCH games ARE NOT THE EXCEPTION!!
Damn, after all that the longs here have endured, is there a posibility we are being led to the empty benches once again?
$150k of free money if the CEO wants to sell off new shares to get it. I think it is going to happen. My confusion is WHO is buying these shares and what is their purpose IF GTCH intends to R/S anyway....and HISTORY has shown for Pinkies that split are unable to support the new split-priced pps after it happens!!!
one-half BILLION!!!
dump dee dump, dump. Got the ill feeling MMs setting up to dump the 3s. What is going on? The speed degree of dump here at GTCH is something I have never seen before. Seen plenty of dumps but most often, those languished with few on the hook putting in bids even at lower levels. Here, tons are there to buy up any shares being offered at lower pps. A "step-down" is in place at GTCH. No comprende'
The wait is grueling..
I still think you are overestimating the pps with the $40M deal. Hard pressed to hold even at $.01 pps. 5B O/S is a killer. Maybe adding the TREN deal would keep it above a penny.
Many years await GTCH in becoming a profitable enterprise from actual revenue/operational costs become positive. An RM or buyout would ultimately be more profitable for SHs and much sooner...of course, there is ALWAYS the FOMO affect that surmounts expectations - however never being to hold any lofty pps that might be attained...
BNIX's name will change eventually.
That is on a 100 shares
BNIX is public
Still diluting. Taking out the 4s again. Apparent that there is more to come as soon as any good announcement provided.
Nice summary. Good to take notes!
I think I saw the 'real deal'. Why would it be revised now? Another 'revision' expected. Trade volume much too high to NOT expect the unrestricted O/S to be over 5B!
revised since early this morning?? What the heck? It was over 5B earlier this morning! Anyone else see that?
Again, I acknowledge that I expect a reverse split now that the O/S has been raised to the current levels. Yet, I contend that the ratio of the split will be very low. Unwise to take it to the extreme. GTCH MUST retain a significant amount of shares in order that the MMs have sufficient float to actively trade on a daily basis.
With the number of active patents and many more 'in the works', GTCH has a very dynamic future in regards to its operations. There is a REAL potential that revenues could expand to 100s of millions$$. Active trading allows the pps to have a strong foundation for actively trading its shares.
500M shares with a strong/tight float would do the trick. So, I do not expect that, IF a R/S is implemented by management, it will around the 1/10 ratio.
My opinions mean diddly. Only a guess. Only provided to other IH posters that I am willing to 'make a commitment' and that I really think long-term as I provide my comments.
As expected, severe dilution is evident in the OTC O/S report. Having NO NEWS on why GTCH chose to enlarge the O/S so dramatically, I can only be concerned. Dilution for Pinkies and then implementing a R/S to reduce it and begin all over again is often the kiss of death.
With GTCH, I continue to have confidence that their business plan is such that this episode of attaining 'free' operational cash by selling new shares over the last couple of months means something more than just filling the pockets of management by raising 'salaries'. I truly do believe the increase in the O/S was done to eliminate dilutive dept, improve cash incentive for a manufacturing/service structure acquisition or both.
I also hope that their need to issue new shares is over!
Now, it is only the wait to ascertain the need for such a large increase in the O/S. For me, I believe that explanation will create a much greater ability to diffuse the negative impact of the O/S increase with a much greater reason to not only erase my concerns but dramatically raise the value of the pps.
It really is hard for me to walk away from L2 and IH these days. Yet, today I know it is best I do. I expect little life from GTCH actions for the remainder of the week. I have so much work to catch up on...see you next week!