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No. No indication that, if any, it would cause dilution to the tune of 2B+ shares!
OK, OB, bear with me.
When toxic loans are converted to share equity, where do the shares come from? I have it set in my mind that the shares are new issue... toxic lenders get shares at an agreed upon rate when activated. In effect GTCH increases the float by providing new shares sufficient to pay off the remaining debt to those toxic lenders who will put in an ask bid to sell (intent in getting more money from selling the shares than they would realize if GTCH paid them cash? Of course!).
Are the toxic lenders provided with the required amount of new shares called for by the original agreement via some electronic transfer in advance (at the current pps when acquired or some predetermined pricing below the current pps)? In effect, the lender already bought the right to acquire x number of shares WITH the loan they provided GTCH. Instead of cash, the toxic lender now wants shares to the amount of the remaining debt GTCH owes them....to sell freely like any retail investor.
So, the impression I get from your post is that THESE shares being sold might be toxic lender shares - not directly through GTCH selling new shares.
Instead of cash, GTCH has gotten rid of its toxic debt via issuing new shares.
Kind of cleaning out the garbage to improve the possibility of an RM?
That is why you are average, Joe.
If GTCH decides that 4s are an acceptable price (given that it is free money), they could sell nearly a Billion new shares today!!!
Well, probably not but such trade appears to be possible, a lot of changing hands going on. Somebody is raking in the cash. It is NOT SHs. If there is any doubt I have not the foggiest idea what is going on, let me clarify: DUH!
A 400M trade day on NOTHING... behind the scenes actions taking place at a wild pace. Who is on first? This flurry of trade is NOT retail trading. This is power jockey trading. Money is being made as SHs scratch their head and wonder what the hell is going on?
SHs may not want to blame GTCH for what is happening here. But I am willing to say they are active in our demise today. Management is very much a part - I hesitate to speculate what our O/S is right now. GTCH management wants to be rich, they don't care if SHs share in that desire.
You and I are in agreement LD on what we see happening at GTCH right now. Same subject, different ways in trying to explain it.
For the retail investors, they can only hope to get 'lucky', a far cry from being educated on how to succeed in the market. I learn what I think I need to know to be successful and then the rules change (rather the loopholes).
Constant twists and turns. WS keeps ahead of to head us off! They need us, a very valuable resource. When we get angry, new methods are invented to diffuse the wick. Divide and conquer. It works. Bastards.
GTCH SHs are so ignorant of the inner workings of Wall Street mechanisms in place to suck the very blood out of their investments.
Really! Can anyone of you clearly understand and explain what is going on here?
Today seems to be a dilution bonanza for GTCH, raking in the cash at ANY price....with buyers galore!!
Unbelievable what longs are going through with GTCH shares today. Slaughtered.
You should also notice that NOTHING is a result of some negative GTCH news. Their status same as we started this trade week. Strictly a result of actions outside the news arena. For sure is is NOT the entire working of naked shorting (although certainly in play). GTCH is definitely issuing new shares and increasing the O/S... without a word as to WHY.
A LOT of retail investors stacking the bid realizing that their possibility of acquiring some very dirt-cheap GTCH shares is very good.
What they do not know is how their purchase dilutes the pps as well - Are they really CERTAIN that the PPS cannot go DOWN futher?? Those buying in at 6s sure got a surprise.
LD, have you discovered how MMs can borrow held retail traders shares? I am very interested in knowing that. What little time I spent on 'googling' for the answer yielded no results.
Besides, "free" is not taxable. Company's that participate in the MM shyster program have to provide documentation for the purpose of paying taxes as well. When an MM does a transaction for 'free', you can be sure they are making a profit doing so.... and wouldn't you think they pay taxes on that profit??? Being a cynic, probably not.
No, LD. 'naked' shorting is NOT the workings of the MMs other than promoting it. I do not believe they can 'borrow' shares, in fact, I am certain that they can just "magically" generate shares for purposes of filling their stock, provided those shares are then accounted for in some matter - an intended mystery! But MM actions alone do not make the market...
Sure, MMs make fees/profit buying and selling shares, they do not work for nothing. But 'transaction fees' from retail/other traders are very much a part of broker trading as well...they would have a "fit" if MMs did all buying and selling for their gains only... There are limits to MM's manipulation monopoly.
There has to be a gimmick with naked shorting. Somehow, they are not paying 30%+ short capital gain tax... I am probably losing out on a great tax break by not shorting myself!!! Got to look into it.
Going to be a tough day to watch...
Everybody should keep that in mind.
Unfortunately, that could change today. No news, MMs force the pps down...easy target are those that commit to a bid.
Somewhat correct TN but, if I were now a newbie, I would not have considered the board postings THAT negative. There is a Big-time delay factor at work here with GTCH. So many positive outlooks. Hard to describe the entire lot of postings as "negative".
If I may, I would advise NOT putting much hope in that deadline being met.
Can, no doubt I realize it could have been worse. My pps still higher than yours. GTCH remains promising to me. My irritation is that they still continue to dilute. I understand that in Pinkyland, dilution is close to inevitable. Yet, not knowing WHY there is a need for it via their cash load, remains somewhat irritating.
JUST diluting to gain access to cash without a planned use is despicable. An enormous O/S does the company no good in the long run. Unfortunately, prospects for a R/S loom over the SH's heads. Not comforting when it kills whatever advantage you have with not only leverage but also raising the concern that GTCH can retain the revised 'bigger' pps but to also determine what the potential is that they can increase the pps from that point.
Moderators: help me; Ripdog7570; Mr Walnuts ;Count Crypto ;INV4 ;Anita Dump
Above posting block, click 'more', Click 'show board intro'.
I may have a bit of logic and rationality, but I sure do have more than my share of cynicism!! Keeps me in this dirty rotten game.
Going to be hard to do because MMs have a gold mine here. LOTS of shares to play with AND lots of retail traders/others wanting to buy in as cheap as possible. A load up at each buy is extremely easy. Easy to manipulate. Buy off the bid (lower the pps) or buy off the ask (raise the pps) is a cakewalk for MMs either way.
Why would MMs want to seal off this gold mine by allowing a significant surge?? Remember it is no longer supply and demand any more, it is who has the power to manipulate. Guess who.
Sure, revenues still mean something, but expect the impact to 'shoot to the moon' with a equal and opposite downer to suck green out of retail traders and allow shorting to capture most of it.
Trend line is not very steep for GTCH, if ever...until they manage to get out of the OTC market...by implementing a R/S, maintaining the higher pps long enough to apply to the Nasdaq? Do a RM? Anyway, I am sure GTCH management dreams of the opportunity. They do not like this MM crap either-unless it helps them sell off new shares. Long's cut will NEVER be what we think it will be! Count on it being far lower when you decide to sell...
.00175 per share.
Oh, I have a few even higher. Back in September 22.
Yeah Max. Such info can be considered 'dated'. What I want to see, keep suggesting that the management let us know what they intend to do with the cash they get by diluting, is to identify someone new to put on that list.
Use of the cash may be linked to any 'new' listee. New contractual arrangements forthcoming if you get my drift.
I am focusing on the medical device right now. I do believe that GTCH, as a company, intends to manufacture and sell these devices. A change for GTCH from primarily an R&D corporation to a manufacturing corporation.
IMO, good news is pretty much responsible for the opportunity for management to dilute into it, but naked shorting can happen 'any time' there is inherent gain/higher value in the pps. When such is the case, MMs can still make money when retail traders are 'waiting'. That's when the mechanics of the trade kick in...while waiting, especially with gain on the books, retail traders are antsy. They like having the green in the pocket too.
Thats when the MMs do their 'best' work. Put a little fear in that comfort or tempt naked shorting to borrow shares. MMs lower the pps with their own dilution (shelf stock). Flood the 'buy'. Shorting takes up (sells to) those buys with the borrowed shares, to begin with, switching that lower buy to 'ask'. Now, retail traders with some gain start to get nervous when they see the next tick down on the buy loaded with buyers at THAT price. Out of fear of even lower pricing, the retail trader begins to sell into the buy too...
Are you feeling those hands in your pockets yet?
Naked shorting, not 'flipping'.
Will this be a 500M trade day?
Dilution is "free money". Only what the buyers pay to obtain dilutive shares is subject to any "charge".
Remember those that bought in above .001? Boy, they paid a helleva fee thus far for doing so...as I sure did buying above that at the start AND continue to pay as I bought even more as the share price slid and my desire to 'lower my personal pps'.
CRAP on a platter, it is.
As I see it.
Decisions made at the management level are predetermined. Any comment by even the CEO after, in this case mass dilution, will be guarded at the least. More than likely, flat out BS at the most.
Unless a SH is in the company fold, expect NOTHING other than placating from management. They will feed you with what they think you want to hear, but definitely not the truth...or they would be liable for providing the caller with advanced notice...insider trading information. At least the SEC would like you to think it is a punishable crime which prevents such activity (HA!).
No, I do not call management.
Just out of curiosity, how does the trade platform work when "a lot of selling with no one buying"??? Seems absurd to me, yet I constantly see posters refer to it happening. Are they inferring that MMs pick up all the shares "sold" and recorded on L2 (which somehow does not count as a buy) and only offer them to "buyers" LATER for a MM profit when 'something' stirs the market for those shares higher?
Yes, I know there is a delay between selling and buying as a result of having the MM structure in place to 'stimulate' the market but for hours??? Days??? Only selling today???? Why I call that thought absurd.
Now a R/S is likely. I would feel more comfortable knowing what the need for cash is for. Now is a good time to let SHs know.
Longs on the hot seat, getting uncomfortable...seeing share value go down the tubes. Die-hard longs here now took a long time in accumulating shares to bring their personal pps down, now somebody is stepping in to grab up gobs of shares a lot cheaper with their pps lower than where my types of longs are now.
Recent gains wiped away in a flurry of high-volume days over a period of a month...with tons of "good news" no less.
5s are next
You have got to know this is not retail trading. New shares, yes. Who is buying, ???
It would be nice if the pps rose to 8s again. I most certainly would want to leave those 6s behind. Does GTCH have news in store to launch the pps over .001 again. GTCH share are sooooo over manipulated. Can it ever return to the supply and demand standard?
Peter, I am not counting on it. Actual agreements passing through legal hands are prone to take longer than expected.
Is there ANY potential for SH optimism for the remainder of this week? I think not.
If GTCH, IMO, continues to sell new shares into optimism or MM encourages more naked shorting, the pps could continue to have trade volume generate pressure to the downside. There remains a firm desire by many retail investors to capture more shares IF the purchase price seems cheap enough (I sure do attempt to buy a few more shares to lower my personal pps). Pricing remains tempting and, thus far, does NOT stir up thoughts of FOMO! Inexpensive shares, give what speculators envision the potential of GTCH, are easy to come by.
AGENDA. A key word to understand as a retail investor. Nothing is uninhibited. Somebody somewhere has an agenda that will stand in the way of your own. Nothing is fair about it. A good element to attach to your own agenda is the ability to overcome, in some manner shape or form, such hinderances... realizing that some we have to live with regardless.
GTCH IH postings, trading endeavors, and personal expectations will never go unchallenged if it even appears to interfere with anyone else's agenda.
A joke? Wait until the MMs gobble up all the bids at 6s. Won't be a bit funny.
Good grief. I think L2 is setting up to take out the 6 bid as well. Damn. Get this dilution shit over with!!!