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There is momentum, it is just that only the MMs create it, then only to generate their profits from the shorting side of the track. A Wall Street scheme set up to rip any gain from the hands of retail investors. Very lucrative, just not for SHs.
What really bites me is that it is trade corruption anyone can see yet it WILL NOT BE STOPPED by any regulators or, for that matter, US legislators. White collar theft at its best.
Can not disagree sax
I don't see it quite that way TN. I believe all the trade we see today is not as a result of any more dilution. I think GTCH is done with that right now. If it is all retail trade today in sales and anxious buyers willing to pay upwards of 7, then I think the bottom is in for this latest drop.
I speculate that next week we can anticipate another strong announcement. Won't take much, IMO, to bounce back above .001. Next week will do it.
The trade today, IMO, indicates strong demand without dilution to curtail the evident pressure to raise the pps. Encouraged to believe we may yet see a long green trend line developing as early as today. I am actually thinking of a strong week next week with the never-ending supply of informational PRs due to GTCH's contract involvement and follow-through on their patent pursuits. The sun is soon to shine on GTCH.
Max, the AI tech of GTCH is cutting edge. It would not surprise me that their learned experience with Avant! has not taught them a great deal more than what that tech provided. The concept of 'skins' is so broad and uninhibited. Strong brain within, long arms to stretch beyond limits.
I also do not think this dilutive cash will be wasted. I expect it has something to do with the medical device. Any PR along this line will also pop the pps. Collect and prosper.
Correct. Except the bid is 'seekers of dilution (new shares being offered at 5s). Further dilution comes when GTCH/ its broker decide to offer new shares at that price.
Not doing so does draw a line at 5s but if enough buyers show up at 6s, GTCH may be willing to sell at that price. No BIG wall at this time does seem to indicate that the dilution may be over. Yet, a stream of new retail investors willing to buy in at each asking price above 5s would show that it is not. Still, I do feel that another PR would be needed to continue the dilution above the bid price at 5.
Shouldn't we also infer that by notifying SEC of the need to delay the issue of a required report that TGHI intends to file? Why bother otherwise.
200M on the bid at 5s. We will soon know if there will be any more dilution. I am hopeful it is over. Rather think positively on what GTCH management intends to do with all that cash acquired in the sale of new shares.
OB, The O/S has gone UP. Those shares were SOLD. SOMEBODY is buying them. If not retail traders (lots of them), then who. Can you offer a learning experience for me???
Just curious, what substance do you have to feel their is ANY value in holding VXIT shares. Speculation is a thin grip. I think JK is far removed from VXIT. Letting it just rot on the vine. Didn't go the way he thought, now the SHs pay the price.
Tomorrow? Today.
I am just happy retail traders still want GTCH shares.
5s will be taken out today as well. Management is set to sell all the new shares as possible to acquire the cash and are willing to sell into 4s if need be. Not so shocking in Pinkyland. Adds more credibility for a R/S.
Does GTCH have a surprise in store? Will it bounce the pps above .001 again?
I am NOT willing to provide an opinion on that one...
I am kinda anxious to hear what the need for all the cash is for....my guess is that it is NOT just to have but rather to be used in a manner that applies to GTCH's operational plan. GTCH is not just selling off their technology, they want to do something with it as well!!!
Somebody is for sure. When it was in this range the last time, I did a bit of that buying too!
While I may express some reservations on the future of GTCH, you can damn well be certain that I see MUH MORE in having/retaining lots of shares (to the degree I can afford them). I think a LOT of small time retail traders see things as I do and welcome the chance to pile on a few more CHEAP shares. GTCH is a dream in the making? Willing to take a chance on it.
Looks to be so! What were we expecting this week???
This issue action on the part of management DOES demonstrate the low regard they have in providing a bit of equity to its SHs. Does not bode well in picturing a strong SH negotiating position for the future. A feather in Management's hat but not ours? Always have a little fear that the SHs interests are not so vested in ANY pinky ticker. Makes you cautious.
Wiping out all the gains in moving from 4s. The ride from all that has been done over the last month or so wiped out in two weeks of dilution. The drop does not appear to be stopping.
Yep. Dilution still occurring. yet it is nice to see they are trying to get 8s if possible. No run on the buyers at 7s, yet, thank goodness.
Ut oh! Retail buyers willing to bite the ask are nil. Dilution over the last two weeks demonstrates how ill advised that would be given the impression GTCH's pps can go even lower. Over 100M looking to buy on the cheap at 7. That, I am afraid, it where the trade will be going today. Even those buyers will likely be holding the bag as the MMs drive the pps even lower. It would have helped if GTCH had announced it had that patent approval in hand.
Wow! The company sure could sell a lot of new shares at 7s! They hit that, this week another downer.
New patent not confirmed?
Hmmm? Wisdom. Yet a bit of speculation: Are you saying your talk gave you assurance that a R/S was not in play?
Personally, I find that doubtful given the huge rise in selling off new GTCH shares. A 4B+ O/S is not considered a strong bargaining tool...unless you factor in the possibility that the need to shrink the O/S is intended to be accomplished through the agreed upon swap ratio of shares should a RM occur???
What about the TREN deal. GTCH pretty much got the same value influx.
Yes. I see two approaches requiring a R/S actually. QB and share value swap with any intended RM/buyout. In this case, GTCH would be the 'seller', not the 'buyer'. GTCH retains control but benefits with higher trade platform (along with all the other advantages a strong RM/buyout would bring).
How good for its current SHs is another matter. When it comes to management decisions, it is their gain that matters, not necessarily the SHs. Unless management has huge gobs of GTCH shares, our position is far from being guaranteed of a good boost in OUR value.
That post is a 'once burned' but learned retail trader. Happen to be in the same boat.
GTCH is a long-term play for me - over a year to capitalize on a lower tax burden if and when I choose to sell shares.
GTCH 'seems' to be falling nicely into that plan. I still believe SHs have some real potential here to do well. Even "crazy well".
I dislike the doldrums, so I do watch for PRs to kick up some dust, but like you, I am aware that strong positive earnings on a rising trend line is the only way long-term holders make out.
I also do not think luck has anything to do with it. A retail trader like you and I MUST do some DD to even open the door on prospects. Once I choose to open that door, I step in with high expectations and a hell of a lot of speculation as well. I like to buy my shares cheap and lots of them.
Leverage and timing is my game now once I choose a stock to move forward on. It has only been the last few years of a long losing career that things seem to be working better. Confidence in what I know has been a big factor. Knowledge gained the hard way. Using that knowledge to my benefit has NOT been easy. Gaining confidence in application has a long way to go. GTCH is going to help me, I am SURE!
???? Since when does it make sense to raise an already extreme A/S (10B)??? This has got to be back door maneuvering of some type. TREN and Bannix are real deals.
Something is known behind closed doors that SHs are oblivious to? GTCH is NOT a share selling scam!
and...? Left us hanging. Opinion on intent? Not necessarily missed but certainly not understood.
Some very solid thinking there OB. Good perspective with an outlook of success. Sticking with the original timeline management hinted?
My guess is that the higher the pps prior to the R/S, the smaller the ratio. That is why I speculated a 10:1. A LOT more news to look forward to which will help the pps move closer to the penny mark prior to a formal announcement of a R/S or at what ratio.
The actual R/S should coincide with a ticker movement out of Pinkyland! Nasdaq is out of the question unless a reverse merger (R/M) in the mix. Not so out of the question if TREN, as an example, completed it...that is their goal as I understand it (currently at 1.45 pps).
Being unreasonable doesn't build a strong followship...
This is the time to be a little wary of GTCH intent. While the current talk says there will NOT be another R/S, these trade actions to increase the O/S significantly over the last couple of weeks may say something else. Huge new share issues often depict a sign of a future R/S.
I am now inclined to think this is a possibility. Not high but 1/10 is expected from my point of view.
Damn. GTCH still issuing new shares.
Max, good to note as well that the influx of a substantial amount of new shares did NOT dramatically affect the pps. A GOOD omen.
Time for cash need not dependent on pps.
Trend PRs are beginning to highlight GTCH's creation of Avant! AI. Today's start for TREN is at 1.50 per share. Money in the coffers for GTCH as well.
Well... the dramatic increase of the O/S most certainly fell into the laps of shorts. In this case, naked shorting benefited from GTCH's management to choose this time to flood the market with new shares. Retail investors' optimism in GTCH's future provided the avenue to 'borrowed shares' to be sold at higher prices while the new shares added to GTCH's O/S provide fertile ground for an easy means to buyback 'real' shares to replace those borrowed shares with substantial discount.
Retail traders are NOT on first base for sure right now. Although I am still confident that our hits will comes later in the game.
Seems bad? NOT if the need was for CASH for acquisitions or production capacity/materials.
Additive value has the effect of nullifying the impact of dilution on the pps. GTCH does NOT want to remain as a R&D company. There is just too much $$ to be made from its own technology and the security that its patents provide.
GTCH not only wants to produce patents, it wants to produce PRODUCTS FOR SALE! It intends to be a manufacturing company as well.
An opinion as a means of looking at the leap in the O/S. A positive look. There is of course, a negative side called dilution without merit. Time will determine what the purpose of such a dramatic increase in the O/S was for: VALUE or POCKETS.
Yes. I am not a chartist. Yet, I do like numbers. Those that you present regarding trade volume and $$ are VERY descriptive of a trend line that MEANS SOMETHING and points to a STRONG indication that TIME is short before action presents itself!
MAY will cover it! Not long at all.
Not really Werbe. At my age, I REALLY cannot be sure. I actually do have doubt. When in doubt, best to run.