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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.
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.