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Have you even bothered to read this new lawsuit from Jeev Trika, this CEO borrowed $15,000.00 on Sept 22, had to pay back in 30 days or in default, first of all why is he borrowing money if the company has $491,000 in cash per their unaudited financials, you think he's telling the truth? Still being sued by Douglas Schiller for $28,000 on his loan, why not just pay with the $491,000 in cash, because HE doesn't have $491,000 in cash because the guy to say in a polite way, is being dishonest. How much more proof do you need?
You've been in this so long, you've become delusional. Multiple lawsuits against the guy, owes hundreds of thousands of dollars in personal loans to many, many people, some of these loans the interest on them is borderline criminal, sign of desperation, supposedly the company has $491,000 in cash, come on, wake up, this is a complete and utter farse. Even Nanoman borrowed your CEO $211,067.17, you think he does all these posts to help others, not hardly, has an enormous vested interest in this debacle.
If you do your homework, you can see that E-Ventures was given shares on the following dates: 4/01/21 - 200,000,000 common shares 12/01/21 - 150,000,000 common shares 2/18/22 - 231,000,000 common shares 2/18/22 - 2,500,000 Preferred shares. Thats a tremendous amount of shares, in addition, is now suing for shares he said is owed, that's on top of the new lawsuit from Stuart Kratky and many other personal loans that will be due in 2023. He only has so many shares left and if he has to pay E-Ventures that will max them all out.
Yes, it was 3,416,661,000
Why would a company raise the O/S when they are supposedly doing millions of dollars in business and millions of dollars in profits, because IMO he's not telling the truth, he rarely tells the truth, one of the most untrustworthy CEO's in the business.
He's still tweeting as usual
With all due respect, the numbers were posted before the close, nobody had posted them here, thats all.
He's not demain
People went to another platform
Do you honestly believe they are selling much, from what I remember they were listed in Home Depot and that never took off. The thing I don't understand is his claims of large orders are always out of the country, don't you think that seems unusual? This pattern has gone on for years and years, he really needs to post audited financials for people to believe him.
Not looking too good Cobster
That lawsuit is just another long list of ridiculous claims made by this CEO, IMO this will never see the light of day.
Anyone know why this is getting all this action, don't see anything on twitter or news wires.
Tried to tell people for ions and they just wouldn't listen
Perhaps they could share who their customers are and where they are getting their allocation of paint to sell to their customers. When companies like Sherwin Williams are having difficulty getting product but Industrial Nanotech can get product when they have had no allocation in the past, I'm not buying it. The supply chain difficulties are real and I don't believe they have product to sell their customers let alone that their customers are real.
I don't believe it either and totally agree.
Absolutely right, the shorts are all over this
Not hardly, its all about the MM's, announcements don't do squat, have to watch when the MM's allow runs.
GTSM is backing off if you want a run then looks like buy time IMO
He has no friends
I feel bad for you CIE, been through something similar myself, at this point best to hold on and see what happens. This one MM GTSM has been keeping this down, if he ever bails it could make a run but right now in the OTC its been tough to make money anywhere.
GTSM has also been on both sides for around 6 weeks, can't run til these two market makers bail, then it will most likely go.
I think the chart tells the tale, just sayin!
He's already diluted millions and millions of shares here
Why don't you just follow XU's stocks and see the dilution on every single of them, has absolutely ZERO to do with what is going on in the market right now, ZERO. Its called sucking the money out of everyone of his plays.
Sure hope so
The OTC has been getting decimated, very few movers
I agree with you but he does have IRS commitments as well as $500,000 in personal loans to pay back as well
Another 55 Million shares added to the Outstanding Shares, that's 70 Million in the last week, in addition to the 231 million shares that was used for a dividend, starting to approach the Authorized Share Limit
It was a brief one day movement, will go right back down whereas AAPL and MSFT will eventually go back up, LOL
this is pretty bad, may hit .0005
Until we see audited financials this doesn't mean anything, his history suggests this may be not true whatsoever.
Another 15 million added to the Outstanding Shares since last Wednesday
If it hasn't been paid then its an issue, if you have $221,000.00 in the bank then you pay it off immediately and you certainly aren't buying back any shares if you owe the IRS, these are the red marks that are deeply concerning. The VERY first thing you do if you have the money is pay the government.
I'm guessing these have been addressed
I just know for a fact that Alka left for a better opportunity, thats all you need to know, warned you about this before.
The bottom line here is GTSM has been here for 8 weeks slowly taking the stock down along with many other tickers on the OTC, we can have all the banter we want back and forth but until he's gone and the MM's lay off the OTC, this and others appears to be a slow steady decline downward.
Its been added to the restricted on the otc market page
Since 4/25/22 the Restricted share count has gone from 1,378,396,810 down to 1,195,611,096 shares, that's over 182,000,000 shares now Unrestricted. When you pay people with shares eventually they'll sell them as the CEO mentioned yesterday in his call, that is the problem with this , if the share price remains stagnant people will eventually start selling, or if they need money that the CEO mentioned in his call for whatever reason they will sell their shares.
With all due respect, this is the pattern for this CEO, that's why people are questioning him, without true results its all talk, stock buybacks, dividends and audited financials are what it is needed, the dividend may happen but I highly doubt if a stock buyback or audited financials will ever happen.