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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.
Yeah. That wall could be gone WHEN trade volume goes over 200M. Could be MM games creating their own dilution with naked shorting. Shorts could be burned here IF more and more retail investors are willing to pay more per share. Could be starting a bit of FOMO here.
Huge walls at 5s. More dilution? Should have kicked into 6s easily.
??? site is blocked! More explanation?
It is time to get excited Vol.
Care to elaborate?
Jublin, it is a matter of determining if a SH THINKS this CEO can handle the job of improving the baseline of GTCH. I happen to think he can AND WILL! Therefore, it is no matter the dark clouds that exist over GTCH right now, I have to determine if it is the best time to buy.
Can the pps still go down more as a result of those clouds? Sure, but I am more comfortable thinking NO. So I am entering a buying stage.
GTCH sold the rights of Avanti to TREN. GTCH received TREN shares for those rights. A significant number of shares. Look at it this way: GTCH has a portfolio of shares. Those shares go up in value, the value of GTCH goes up. GTCH SHs win.
TREN's video provides a glimpse into where TREN, if successful, will improve its revenue stream substantially.
Yes, OB, the 10Q is a hell-hole.
It is filled with prior commitments by GTCH PRIOR to the current CEO's tenure. Such headaches as described require time to resolve the debt/difficulties incurred over years of dilution and R/Ss prior to having the current CEO in place.
I am sure there is a tremendous amount of negotiation and legal wranglings going on as I type. I am also convinced that recent dilution may be the result of some of the resolve, while much is still left for sure.
All I am saying is that the content of the Q, while dismal, does not adequately describe the CURRENT status of GTCH's operations. Much has transitioned from the date of Q-coverage. GTCH has improved its lot, IMO. The corner has been turned. The current CEO IS improving the operational status of GTCH. The bottom line will improve a great deal by the next Q! Hang tough - although I am also preparing for another R/S, which seems necessary to propel GTCH out of this forsaken Pinkyland!
The TREN media PR issued today is a recommended watch. What goes with TREN, goes for GTCH.
IMO, dilution is over. The MMs could have easily dipped into the 4s to cover any new shares that would be available. I don't think it mattered to those that were selling off their new shares (still uncertain about why and who).
It is trite to say, 'tomorrow is another day', still I am confident ANY day now, GTCH is going to provide some clarification. Overdue for my way of thinking.
I am anxious for the tide to turn here. I still think it is possible no matter what the O/S stands at. Much is to be known on what has occurred behind closed doors.
maybe better said: Rules are to be broken.
It all comes down to enforcing such rules and how they might be interpreted. Every rule has loopholes IF there is a desire to bend the rule if desired.. for gain of course.
Published rules are to placate the public, nothing more. Enforcing those rules or taking to task those that break them is a whole different issue.
After last week's action and no news today, I suspect most waiting on the sidelines. I expect little retail trade, especially if the drive to dilute is over.
The walls at 5 and 6 can be easily broken at the first hint of news. Be assured there is a LOT of news GTCH can offer at any time.
The GTCH lid is about to pop. Let the Gennie make our wishes come true.
Yes, always. Can't yet though, $$ not cleared! Bad for me, I am ready to buy more.
Very funny???!!!...E-T is listing the bid and ask for GTCH shares right now as .0003 and .0003.
I think many here have settled on the idea that the recent apparent dilution over the past trade week was that a (number of?) toxic lenders decided last week was a good time to cash in on GTCH shares obtained though activating their loan/share provisions and selling off big time. If true, could E-T quote reflect that is will continue this week?
When the bell rings today, we will know for sure. In a void when knowledge is non-existent, I tend to get very nervous.
Yes, 777, we all recognize the potential GTCH has but, for some reason, every PR thus far that they threw against the wall has not stuck!! The reality, with all the good news thus far, their pps has receded to past lows.
Hey Vol, quick question. I do not recall seeing a 'deflationary' clause in that preliminary agreement. That is, does GTCH retain its 7% cut if the companies involved immediately decide to flood the market with new shares?
So true OB, can't seem to be able to hang my hat on either of those. I do know I do have to have my hat in the ring in order to win. So, folding really is not in the cards, it is now just the order I wish to lay them down.
I do look for some clarity this week. It does seem to be the time for an explanation by GTCH management, at least, on what was turning the market on in regard to a past week of high trade volume.
Very good post OB. Still a lot of grey area to work through but I too think that the odds are better with GTCH than most, if not all, pinkies to choose from. I do believe that SHs are in for some needed good surprises that will override the dismal showing over the last month or so.
I shuffled some funds that I may be able to use (buy) if GTCH's pps struggles this week as well. IMO, these cheap shares being offered up are a godsend for anyone having the backbone to put their money where their DD has led them...
gave me a headache. What a mess. Clear as mud.