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I actually almost one-upped you by looking at the count and posting it as you did - until I realized it was JUNE 1st! I have to be careful of knowing what day it is at my age ... thought YOU may have the same problem!!
Glad it was sarcasm.
Come on buyers!! Take out those 5s. A gift staring you in the face!
??? 06/01/23???
Still waiting on the OTC O/S report, yet I am not concerned about it for two reasons: Right now SHs should be aware that there is about $70M in revenue that has yet to be accounted for due to waiting for official signing; While the O/S report is likely to be well over 5B shares and likely to ensure that another R/S is in GTCH's future, it depends on what the proration will be.
The expected R/S should NOT even come close to the 1/500 ratio previously released by the company. No need now. I think the need for selling new shares to attain operational cash is coming to the close. Even while the $70M eventual company gain through the 'sale' of Avanti and Appolo will be in shares, there is certainly a share of profit to be made through the revenue generated by the companies who bought the rights.
GTCH has turned the corner. A small R/S ratio would probably suffice in reaching a share price increase to qualify for an upgrade in trade platform. I do NOT see Nasdaq listing being their initial goal...besides there is still a strong possibility of a RM in the works. So, yes, I expect any R/S to be under 1/100.
Just an opinion, mind you, but I have an improved level of confidence that GTCH will be providing very encouraging news in the not too distant future. Moving much closer to a penny pps is not unimaginable.
Logical. Tomorrow?
From the looks of it, it may be one-helliva power hour.
The pace is picking up on the 4s. As you indicated, it is likely that we end a 5s. Selling off new shares at 4s still give GTCH free money. It appears that there are many buyers at that level getting in 'cheap' before the run?
I know free money from new shares is hard to pass up but they do need to stop. Demoralizing for longs. Big Pockets are sucking up all the shares that they can get at this level - no doubt, given the promise GTCH has presented, they see it as we do... a great chance to make some green if only ONE contract was let.
My guess is that tomorrow's O/S report ought to place us well into the 5B range. I guess it would be silly of me to think that anything positive could come out of all this dilution. Boy, if I couldn't get GTCH right, Pinkyland is no place for me - logic and rationale has no place here. Fundamentals are words of prey as smoke and mirrors prevent you from seeing the REAL picture?? And I thought buying my tickets here provided better odds of winning than Lotto tickets!!! Damn, I know so little...
I am definitely missing something here.
Appears to be. I am beginning to think that I have had it wrong. Instead of looking forward to PRs when they only drop the pps further, I think I should dread them.
I have thought in the past that the 10B A/S was to divert the thought of a hostile takeover. Now I see that it was simply showing off the wallet of the company intending to cash in on every new share.
Even the thought of them converting dilutive debt or accumulating cash for some manufacturing acquisition is hard to accept now given how freely the volume shoots up every time there is one of those seemingly wonderful patent result.
No wonder the CEO has not been awarded shares for his effort. Obvious that he only wants cash on the hoof! GTCH shares are like inflation except here, each day you purchase, the price goes down right after you buy. No rush in buying, wait another day and you can buy even more for your buck!
Can't help but feel hopeful when the volume picks up.
I have a different perception. Today's PR is just a public notification. Actual value of supplying this ability to other enterprises is yet to be determined. While I am certain GTCH is aware of the potential. putting that potential in motion is the hard part. They have to PROVE to potential customers that the device/mechanism actually will do as described.
GTCH is, I am sure, trying to prove it and/or convincing a prospective customer that its use will benefit them. As yet, IMO, nothing has been proven to offer the benefits to ANY potential customer.
Volcano, NOW is the time the signed consummation of contract deals to the tune of $70 million inferred to be in the works to be done deals!
the problem is that most whales loaded up when GTCH chose to unload up to 3B new shares! Now it will be up to having actual signed contracts that generate revenue to be broadly dispersed. THAT will take some extensive informational advertising. IMO, GTCH is doing little of that. GTCH is still off the radar for most investors.
What does it take to move this puppy?
I am getting ready for some serious contract negotiations. GTCH has got to invest in some major advertising campaigns. They 'appear' to offer tremendous value to business acumen. Behind closed door negotiations matter but publicity does as well. GTCH needs to become a business household name!!
Is it just me having a wild imagination and so little technical IP background that I see this new release to have MAJOR impact with unlimited potential to have numerous broad based Info Sys contractual/royalties?
Why do I think SO BIG when I read GTCH notifications of Patent success???
While a bit impatient, I am confident that GTCH is going to come through for is SHs. Soon, on the positive side, is always better but many if not most longs are settled into the wait. GTCH simply has been held back due to its revenue stream(s) being unconfirmed until contractual agreements are consummated, and results are identifiable.
GTCH management has expressed that many of those results will occur much later in the year. SHs, as expected, want them much earlier. Wishing and reality are most often in conflict. Reality, over time, eats any wish that gets in its way...while only patience keeps the dream alive.
Well? What can we expect tomorrow? Any hint of rumor?
I do expect SOMETHING this week.
Too many 5s available to move forward.
Cleaning dilutive debt off the books? Word is out, hurry friends, making shares available, get them while they last? Could those options be over now?
There will be no significant improvement of GTCH's pps until we get another PR.
IF, that is an expression of doubt, the last month's cycle of issuing new share dilution is over, some pps appreciation of the pps is expected. I am of the opinion that last week's strong volume trade was comprised of less naked shorting and a lot more retail buying. This belief supports my belief that retail trades right now have every intent to "hang on" to whatever shares of GTCH they can get. In theory, strong hands (inclined to hold) lower the float no matter what the O/S level is at.
Lower float = Greater the impact on raising the pps.
Hey werd, one thing we tend to ignore is the depth of the patents that GTCH has moved forward and received.
These are "BIG" impactful patents. Any ONE of them could warrant setting up a manufacturing enterprise capable of prospering on revenues generated by supplying the general public consumers and private sector demands with products/service/efficiencies that fulfill actual needs NOT provided currently.
GTCH's R&D efforts and their technology command entertains the belief that their reach will be broad-scoped and provides numerous avenues for deriving substantial attention from both a product demand but also cutting-edge production efficiencies.
Personally, I cannot grasp the full extent of their potential revenue generating capacity.
Depending on the REAL revenue generation GTCH's future may hold, SHs may find that even with 5B O/S, the pps could easily attain a penny AND beyond!
Heavy volume for an off day. In the know setting up?
Gut feeling. Yes, sometimes I depend on it. DD is better, no doubt, but when indecision raises its head, only that gut feeling can bring the decision to a close.
The decision I make today is not dramatic, but it is NOT to be based on facts. Clearly, fact is most often hard to come by. Yet I feel I must project some positive thinking. I am most certainly have been short of it lately. The more PRs GTCH issues, it seems, the further their pps drops.
Constant dilution and plenty of new shares dumped into the O/S recently could hardly be considered positive... unless you can see it a turning point. DONE. Moving Forward!
So, my gut is telling me today that NEXT WEEK is going to be a hummer! Not by a step or two but a rush to the top (not yet known for its potential). As Memorial Day presents, let the vacation ring! The vacation in this case is that GTCH is about to remove the stress of fear and doubts for its future. Time to relax. Have a beer or a glass of wine. Sit back. Enjoy the long weekend. This year the cost of any vacation planned by its long shareholders will come from the wallet of GTCH. Look forward to the beginning of a long vacation, it begins next week.
I have the same opinion as you, next week will be a turning point. Dilution is over and even a hint of something positive SHOULD move the pps marker UP!
1 for 50?
Home,
that is what makes us different. Opinions. Have to accept what we think until additional information is available to think otherwise.
B2p
Short positions is a lot different than naked shorting. It is naked shorting that is far more dominant and has a ruthless bend to it.
While I am determined to bash the MMs and their support of naked shorting, I do notice a change.
While I do not see the otc short report as 'accurate', it is the best available to get a good snapshot of shorting as it would affect trade volume on a given day.
Surprisingly, the last two large volume days had a vast improvement in naked shorting. Usually, shorting accounts for over 50% of the volume during the day. Those last two days showed that normal trade was well over any affect of shorting. That means to me, my interpretation, is that buys were far greater than the sell/replace effect shorting would normally have on the volume.
To me, that says there is more emphasis on retaining shares via consolidation or newbie transactions adding to the already large number of shares held in the strong hands of longs.
I think today's volume will support that theory even more.
More and more traders are grasping the need to realize the significant potential GTCH has.
I am just a step behind you
Dah! It seemed to be pretty obvious to us both I am sure. Is it a combination of clearing off debt and gathering up some cash? I would think so. However I am also of the belief that issuing that notification of a potential 500/1 R/S was now intended to be implemented rather than possible.
GTCH management, IMO, under the new CEO knew about the enormous dilutive debt prior to taking on the job and knew, likewise, the implementation of an additional R/S was necessary because of just what we have been going through for over a week now - cleaning house of dilutive debt AND attaining additional operational cash.
Well enough if, after the R/S, the existing PPS can/will be supported via revenue streams. Sure, the stack of shares is diminished but their value is retained - right?
Ideally, that may be the CEO's intent. The likelihood, as in the past, may be fanciful. Is selling new shares in GTCH's blood?
This may be my final post for a while. I have noticed recently that my posts that I think are reflective of logic and rationality on the reasons why GTCH trade is happening this way or what tomorrow might bring have been preposterously wrong. Embarrassing.
Time is now to shut my mouth and watch in horror as the REAL workings of the Pinky Trade Platform take over my investment.
3 more hours of this shit! Man, I hate feeling ignorant.
Retail investors are NOT buying in at .00045, MMs are buying. They KNOW they will be well fed on up into 5s again. Back and forth all day. Creaming the trade.
I too just want to know who is buying to make the MMs their creaming profit? This action is NOT retail. What the hell is going on.
Who does retail investors have going to bat for them? Can't believe the positive PRs do nothing but are provided to entice even more retail investors to throw more good money after bad... On paper, the future fundamentals for GTCH look so wonderful! Bamboozled?
Could the inevitable R/S be as much as 1 share for 500??? God forbid.
I have always felt that I could find a 'trust worthy' ticker here in Pinkyland. The land where the 'American Dream' of starting up your own business COULD happen. When private funding is unavailable, move to Pinkyland to start your dream. Dreams come true...on occasion.
What really blows my mind is that even when you find that successful venture, there is so many outsider hands in the till that by the time success is realized for the entrepreneur, the initial retail investing SHs buying in on the first floor get stomped on when the elevator goes up to load the BIG BOYS!
To look at this trade on L2 right now, it appears that this 'attack' is yet another attempt by the MMs to provide green to naked shorting once again.
New shares with another dilutive factor of naked shorting provides an insurmountable hurtle for longs to succeed here in our attempt to profit as well. Very hard to watch corruption at work AND do so well.
Damn
It is very demoralizing to see the ask explode at 5s. It does appear that the CEO is hell bent on flooding the market with new shares. GTCH certainly used that avenue for cash countless times prior to his tenure as CEO. While I hoped that he would not follow in the steps of those past, he most certainly appears to be doing so. Free money (selling new shares) is hard to pass up when there are so many buyers out there seeking shares.
I can only wonder why retail investors are supporting this behavior - I must admit, I am one. Yet my own actions do NOT let me come to grips on why so many others are doing it as well. Many are buying loads of GTCH shares as they are being PRODUCED. An A/S of 10B offer a lot of production. "ENDLESS" supply does seem to be appropriate.
PRs have depicted GTCH as having a very fertile ground to grow. But understand that dilution acts as 'Round-up' in killing the pps. Buyers at this point in not understanding the reason for the reason(s) for such high volume days can only wonder when even fertile ground can be salted to the point nothing will grow. The good soil creamed off to the gardens of others while our lot sheds not one leaf of green.
It appears for now, I am but a fool in a game that I can not win.
Retail buyers should take those shares off the MM's hands at 5s. A steal and we know it.
Can the MMs choose NOT to sell at 5s even if they have a stack of buyers willing to pay that much?
I was one.