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OK. You win. I did not see it. I hope I can sleep tonight.
Think of it this way: sell at 9, replace at .0008. That is a 12.5% gain per transaction. Sell enough and replace lower, can lead to some big gains for those doing so. The black market, sort of speak. Replace even lower...pockets filled with cash even faster. Shorts and MMs are lovin' it. Retail traders just live with it.
I still hold the view that this travesty of retail trade demonstrated today is a result of shorting. Still a LOT of gain from weeks past that the MMs can suck out and make available to shorts.
I feel assured that most retail traders who own shares are NOT the ones selling here. Shorts are selling 'borrowed' shares and when/if MMs can drive the pps down to a level where shorts make some easy money (as well as MMs), they will buy those shares to replace the ones 'borrowed'. The easy rip-off of retail investors' gains previously held. We lose on paper. Shorts gain real time cash.
It is hell going long.
There certainly is a case for GTCH dumping if we watch L2. Fraud on the other hand is unnecessary.
MANY pinkies dump new shares into the O/S when management determines there is a necessity to do so. Nothing new there. A/S provides an avenue for quick "operational" cash.
Nothing new there. Retail investors hate it...nothing new there.
There is NO indication of fraud.
Your trust may actually have to be adjusted in regard to what the OTC provides as TGHI's public notification - not an individual reporting what was seen...and then not. Unfortunately, I did not make it up.
What incentive do I have in doing so? Nonsensical. Besides werbe, why would you trust an opinion provided by another poster. Opinions should not be trustworthy. They DO provide another individual's perspective on a subject matter. Acceptance is YOUR responsibility.
Besides, I do not believe it was two days, more than likely removed the same day I saw it.
Then again, I could be imagining it. Better to not trust ANY old farts.
Absurd trading.
yes, it was dated as received on 04/27/23. I am certain it was done in error and pulled very quickly. Nothing to even think about. What we see now IS THE CASE.
MD, I would like to think that is the case. Ideally, it is thought that the more retail traders buying in will create a shortage of available shares due to more and more traders hanging strongly to those shares. Ideally - in line with the concept of supply and demand.
However, shorting shoots that premise in the foot. Naked shorting allows those so inclined to borrow shares (unbeknownst to the actual owner of those shares), sell them and then buy back cheaper shares to replace those borrowed shares over a specified period.
In Pinkyland, it is easy to see that upwards of two-thirds of the daily trading volume is due to shorting. Nonexistent shares are bought and sold unrelated to the ticker's actual O/S.
Soooooo - what I am saying is that the MMs CAN keep GTCH from EVER reaching a penny and holding it. This 'ability' has NOTHING to do with a ticker's true value. Go figure!! Trade is so corrupted.
I take little time going 'back' and ensuring my statements are correct in every sense. Memory does not always serve me well. I try not to mislead but I do get a bit confused at times. My 'trying to help' does not always serve its desired end for clarity.
Sorry Zim, the 'deal' is May 2nd per previously approved patent/technology to be approved.
Gets a bit confusing when GTCH has SO MANY patents approved or in for patent approval/with additional updates to those requests. Best to keep track of project code, i.e. Apolo, Avant..etc.
Yes. Check out previous posts as well.
Different patent.
I agree!!
I am biased though, would like to see it USA based. However, I am inclined to believe that it will be S. Korea based. Who and how soon is big question.
The chip tech is GTCH's crown jewel. I do hope that ANY deal rewards those of us loyal retail investors with some substantial green. Usually these 'deals' lean towards the management being vastly rewarded and the 'little guy' not so much.
This is another high tech issue that will fly over most retail investors' heads. The idea is that a wise retail investor is not one of them.
Overall, WORD is getting around. Many may not know the impact GTCH will have on the chip industry but they are beginning to understand that the window to acquire shares under a penny is slowly closing.
I do expect volume of trade to remain strong. However, MMs via shorting will continue in beint a problem in establishing a higher pps base. Any lull in trade creates an opportunity by shorting to dig deeper into any earlier gains/attempts to hold a previous established base.
It is VERY unrealistic to expect GTCH's pps to remain at these levels. Goes to show you just how strong MMs are in thwarting 'real' supply and demand pressures. I really do not know how to break their grip on Pinkyland tickers other than Congressional legislation/SEC oversight being stronger. One of those things WE KNOW is going on but are defenseless in overcoming its impact on our own retail trade initiatives. THEIVES IN PLAIN SIGHT.
Not the company's fault droopy! GTCH in a bowl of playdough with the hands of the big boys making it mush rather than a fine sculpture!
Quite a mouthful! Recognized early on that the chip industry would be where BIG is expected. Now, the question is just how big AND who would be the major players. Surprises abound! GTCH one of those?
Convinced now that there is no hope. He was well aware of the WS SYSTEM and yet, he fell prey to them as well. No matter how good you think you are, there are ALWAYS more out there so willing to prove you wrong....or at least make sure your dream of $$ belong to them, not you.
Ha Ha, jokes on me. Red face. I actually did see the 'new' 10k posted. Read it. Now GONE. Sounded/looked too much like a cut and paste from 2022. Nothing new at all other than to refer to a couple of events in 1st gtr 23.
It must have been recended/pulled VERY QUICKLY!!
You are correct.
refer to my post today.
did file sax.
This you can believe...GTCH along with Retail Traders are being hammered!
Manipulation gone too far. Naked shorting backed by MMs. No longer Capitalism where supply and demand dictates success or failure.
https://seekingalpha.com/instablog/2406831-shortracker/651241-naked-short-selling-is-killing-otc-companies
Now I notice I can no longer get on OTC Short Report!!!
Manipulation gone too far. Naked shorting backed by MMs
https://seekingalpha.com/instablog/2406831-shortracker/651241-naked-short-selling-is-killing-otc-companies
Now I notice I can no longer get on OTC Short Report!!!
How do you define flipper? I believe very few ‘flippers’ are retail. Those retail SH are keeping and adding shares. Most ‘flippers’ are naked shorts.
Strong shorting will continue until ticker out of Pinkiland. Be a while until GTCH there unless RM/Buyout???
Anybody familiar with EVIE to describe how the BNIX buy of Apollo was intermixed with BNIX's buyout of EVIE? Now EVIE, a private company, will be in charge of a $500 million publically traded company - which GTCH will also have nearly 5M shares in. How did all that come about? Where is the connection with EVIE/BNIX?
Shorting killed the pps at the end of the day, but watch how the retail buyers react today. There were over 100m real retail shares sold yesterday. MANY peeps came on board for the very first time yesterday. Not only that but longs holding shares prior to yesterday were NOT short term holders.
The newbies may have been in and out short term but a lot of longs know what they have in owning GTCH shares. They are NOT weak hands (at least, I am not) that intend to make 100% gain. No way. A 1000% gain does not look out of the question right now before the year's end. No way many of us longs are going to cough up shares until THAT MUCH GAIN is realized. I doubt I will even sell any then!
Longs are in for a LONG ride uphill! We are far from the peak right now.
Ah... a bit high don't you think? Let's get to a penny first.
Who in the hell is paying attention here!!!
??????!!!!! They just sold Apollo!!! Another $46M
Check out the new 8k
Buyout, RM, etc... all on the table. GTCH is in the hot seat and has a chance to see a remarkable turnabout of fortunes.
My concern is - will it be a boon for its investors as well. All in the terms of the deal. IF GTCH management chooses to trade out cheap for the glory of future returns (favoring management), then SHs will get the short end of the stick.
In the not-too-distant future, GTCH shares COULD be worth a buck$ for example. A gold mine for SHs holding a significant amount of shares right now. Yet, management could 'sell out' for pennies on that dollar right now. OR they could bargain tough knowing what their current and future patents are worth in the real world. $.50 a share RIGHT NOW! OR they could seek to go it alone, buyout their OWN manufacturing means and push forward to that $1 strike price on their own.
While new acquisitions would initially dilute the share value, the real result would only be a gradual increase in share value over time rather than the big bang.
I am always in favor of the 'little guy' who eventually kicks sand in the face of the beach bully. Yet, in today's world of economy, being bought out by a bigger more powerful competitor would jump start the process.
My concern, expressed earlier, is that GTCH management will go to bat for us as well.
Things will be happening fast now...
Ah, those of us with GTCH shares will be able to weather the storm with a firm backing of green! GTCH shares will be our version of Bitcoin!
The middle class in America is having the ground removed from under our feet. Each day sliding closer to a lower rung on the totem pole.
It appears that if you try to not only survive but prosper by being honest, you have your work cut out for you. Better keep that close eye over your shoulder...and struggle for all it's worth when you will be inevitably attacked by the unscrupulous. By the way, expect more of them to arrive every day.
A STICKY day?
NOT messed up, but rather "corrupt".... and only some of the retail traders get it or otherwise just don't give a shit.
Let's just say that there were plenty of 'real' GTCH shares available dirt cheap for all of the naked shorts to buy back their borrowed shares for a lot less than they sold those borrowed shares for throughout the day. Just lucky I guess...
Tomorrow's OTC short report will show a hell of a lot (the majority of trade activity) of borrowed shares were sold AND a hell of a lot of short buy contracts were filled with buy-backs having remarkable margins between sell and replace pricing.
Yeah, it must be that those shorting have superior intellect over retail traders in KNOWING how many retail buyers will rush to cover their short needs by selling real shares at the end of the day. How skillful those shorts are... OR ... do they have someone on the inside 'ensuring' the market reacts in the desired direction by the end of the day? Pick one. You know I already did.
Those who know, do...those who think they do, don't...have a chance.
Peeps??? How about dirtbags sitting in chairs on Wall Street?
Yeah, the MMs would love you to think that...
They prefer the jilted investor point elsewhere....
Again, like clockwork, MMs covered the short's asses. Again, naked shorting made most of the profit windfall today while GTCH management and dedicated long SHs could do nothing but watch. All with SEC's blessing. Easy money for those setting the rules. A lot of new retail investors get to carry the bag once again...fooled again that the MMs couldn't do it THIS TIME! A hard lesson learned if you don't know it by now.
MMs make it look so easy for short to suck the gain seen earlier today right out the pockets of unsuspecting retail investors. Remember, only retail investors ever get to hold the bag.
See how MMs work! Bid exists at 13, yet buys are at 11.