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I did likewise. OS could run us to multiple dimes if merger works out nicely--will be sticking around here to find out!
$OCSM
What!? That would be AMAZING! Especially w SS of only 26mil.
$OCSM Long&Strong
Very Nice! Knew something must be cookin'
$OCSM
$GFTX Real Business. Real Management. Real products.
Not your average pink sheet!
$GFTX Long&Strong
This is Great News!
That's bullshit. Read latest PR:
Company Comments On Its Status With Convertible Noteholders
The Company has spent several weeks negotiating with a group of eight convertible noteholders to mitigate the situation in a manner that allows the company to ultimately pay off the convertible notes while alleviating the pressure on the common equity.
We are now in the final stages of working out a mutually suitable arrangement for a leak-out agreement which we feel will allow a more efficient market for the Company’s common stock as conversions occur. We expect to have all of the agreements finalized in the coming days.
The Company is also looking at the option of consolidating all of the convertible notes into one note which will allow only a single conversion to occur at any given time instead of several at the same time
We hope this describes our current state of operations clearly and we look forward to keeping our shareholders apprised as we progress with operations and with our convertible noteholders.
$$$GFTX
91mil BUYs vs. 44m in sales Volume--GFTX Accumulation!
The intraday short volume is for Market Makers. They are subject to a totally different set of margin requirements if you weren't aware.
They are who control the trading...eventually they will need to Buy to cover their short positions...and that's good for us :)
$GFTX Long&Strong
Company Comments On Its Status With Convertible Noteholders
The Company has spent several weeks negotiating with a group of eight convertible noteholders to mitigate the situation in a manner that allows the company to ultimately pay off the convertible notes while alleviating the pressure on the common equity.
We are now in the final stages of working out a mutually suitable arrangement for a leak-out agreement which we feel will allow a more efficient market for the Company’s common stock as conversions occur. We expect to have all of the agreements finalized in the coming days.
The Company is also looking at the option of consolidating all of the convertible notes into one note which will allow only a single conversion to occur at any given time instead of several at the same time
We hope this describes our current state of operations clearly and we look forward to keeping our shareholders apprised as we progress with operations and with our convertible noteholders.
^^^from today's PR
Short-Squeeze could be imminent: over 70% short volume in last two sessions
https://otcshortreport.com/company/GFTX
MMs will need to cover their short positions soon!
Probably the most thoughtful PR I've ever seen by any Pink Sheet CEO in all my years of trading the OTC. Well worth the read.
$GFTX Long&Strong
GFTX Management Update: Company Comments On Operations And Its Status With Convertible Noteholders
SOMERSET, NJ, April 22, 2020 (GLOBE NEWSWIRE) -- Global Fiber Technologies, Inc (OTC PINK: GFTX) subsequent to receiving many requests from shareholders for additional information about our protective masks wanted to make certain that our shareholders understand the process the company took in arriving at the decision to manufacture masks as well as the due diligence we have been involved in before making a move into the market for PPE.
Firstly, this is not a complete shift in our business plan at the Authentic Heroes subsidiary. It is what we feel will be an excellent augmentation of our mainstay business model at Authentic. We have just recently taken our first orders on the Brett Favre Series of Collectible Jerseys and are moving cautiously since non-essential supply chain issues exist for numerous companies due to the pandemic. Our RUN DMC and Warren Sapp editions will ultimately come to market as supply chain issues become less challenging.
The Company started the venue towards becoming a permanent manufacturer of PPE six weeks back and studied the market and undercurrents of the pandemic closely to see if we could compete and have longevity in this arena.
Rather than making a hasty decision to make protective masks without any knowledge of whether or not there is a long-range opportunity, we took deliberate time to do our research and due diligence before moving aggressively into the marketplace. We are now confident that we can help ameliorate the shortage of non-surgical protective masks in the healthcare and first responder markets while augmenting our current business model with this new product mix.
Understanding the pricing matrix for non-surgical protective masks was a key component since the market is very fragmented and lacking specifics as to cost/benefit analysis. Studying this allowed us to gain a solid knowledge base as to where we could make a difference and have demonstrable competitive advantages from both a functional and economic perspective.
As a result, we have created a SPECIFICATIONS sheet to be able to show potential customers the attributes of our products and the “value proposition” we bring to the table.
Subsequent to discussing manufacturing and delivery schedules with our current supply chain partners that have vast experience in manufacturing, logistics and design we are highly confident in our ability to compete effectively.
The Company is now prepared scientifically, logistically, and financially to fill the orders for our products when they come, with the confidence in knowing that we can supply them within the confines of a delivery schedule acceptable to potential customers.
The Company will be receiving its first samples shortly, which we will then send to the hospital care companies that have shown interest in working with us. This will move the company further down the path to procuring purchase orders.
Company Comments On Its Status With Convertible Noteholders
The Company has spent several weeks negotiating with a group of eight convertible noteholders to mitigate the situation in a manner that allows the company to ultimately pay off the convertible notes while alleviating the pressure on the common equity.
We are now in the final stages of working out a mutually suitable arrangement for a leak-out agreement which we feel will allow a more efficient market for the Company’s common stock as conversions occur. We expect to have all of the agreements finalized in the coming days.
The Company is also looking at the option of consolidating all of the convertible notes into one note which will allow only a single conversion to occur at any given time instead of several at the same time
We hope this describes our current state of operations clearly and we look forward to keeping our shareholders apprised as we progress with operations and with our convertible noteholders.
https://www.otcmarkets.com/stock/GFTX/news/story?e&id=1581794
We break .0007 then its on to 00s and beyond imho!!!
221mil BUYS vs. 121mil Sales Volume today for $GFTX--Lots of Volume, Lots of Buys!
GLTA
GFTX excited for rest of week! Great Day
Agreed. Like I said before, I seriously doubt he’s sold a share of anything in his portfolio much less GFTX shares...very busy man right now haha.
We will know for sure after next election, when filed updates financial disclosure form, about stock holdings. By then who knows where GFTX pps will be if they can deliver on new/expanded business model.
It’s a perfect fit for the company imho. GLTA!
206mil BUYS vs. 103mil Sales Volume. Great Day for $GFTX so far!
Number 4 on Breakout Boards!!! Lets see if we can get to #1 !
$$$GFTX
Nice to see you here gonzilee! Smart Money moving in!!
Management Discusses Note Conversions and Operations (Link)
Somerset, NJ, March 12, 2020 (GLOBE NEWSWIRE) -- Global Fiber Technologies, Inc (OTC PINK: GFTX) would like to address a handful of topics with this shareholder communication that will give some clarity to the current situation at your Company
1. Convertible Notes
The Company is working towards an arrangement with our convertible noteholders that will curtail the velocity of which their notes can be converted and to somewhat curb the dilutive effects of those conversions creating a more efficient and manageable marketplace for the common stock. We are very close to reaching an agreement in “principle” which will ameliorate the current situation and work beneficially for both us as the issuer and for the noteholders as well. We hope to have this turned into an agreement if “fact” shortly. Since 3rd quarter 2019 we have reduced the principal balance on the notes by approximately 40%
We will keep you apprised of our progress with this material item that is important to all.
2. Authentic Heroes, Inc.
The Authentic Heroes subsidiary is filled with promise and continues to garner extremely positive feedback from would be licensors and specialty brand name clients that we are in discussions with.
As planned the initial inventories of our Brett Favre Series of MXO “Made From The Original” Jerseys are scheduled to arrive by the end of March and will go on sale with a Social Media campaign to Brett’s FB audience of 1.5 MM followers the 1st week in April
Our agreement with CLC Group and Warren Sapp is scheduled to transfer one of his “Pro Bowl” jerseys to us in late April and we will then start the process of building out the Warren Sapp MXO series of jerseys. This event will be filmed and then distributed thru an aggressive social media campaign starting with Warren’s 500,000 twitter followers and increasing the foot print with a live event sponsored by Authentic Heroes and Thuzio https://www.thuzio.com/
Our agreement with Bravado/Universal Music ad RUN DMC is in the process of sourcing the live event shirts worn by the original group and should be identified shortly which will allow us to start the manufacturing of the MXO Tees and Hoodies.
3. EcoTek360, Inc.
EcoTek is advancing the development of its proprietary process of being able to take corporate uniforms or other cotton or cotton/polyester products destined for landfills or incinerators and turning them into re-purposed products such as Polo Shirts, T Shirts, Aprons, Placemats, Tablecloths and Totes.
This can be a very large opportunity for the company, and we are in development phase of creating samples for our continued discussions and advancements with large corporations in the uniform and hospitality industries.
4. FiberChain, Inc
FiberChain is approximately 50% completed and will continue its goal of having the only live and interactive platform for the buying and selling of textile and industrial fibers which shrinks transaction times from weeks to hours. We will advance the commercialization of FiberChain as capital allows us to.
Summation
With three potentially substantial opportunities in front of us we will be looking to maximize shareholder value by:
a. Completing an agreement shortly that curtails the current dilution pattern of the prior convertible note contracts.
b. Seeking “equity finance” packages for each individual subsidiary company. It is our expectation to monetize each asset held by the Company over the next twelve to eighteen months by directly financing each subsidiary in private transactions and creating separate public markets for each company. Global will be acting as the “management company” for each company with Global Fiber Technologies maintaining the controlling interest in each subsidiary company.
In our opinion in this is the most effective way to get optimal value for each company and minimize the dilutive effects of each company’s own financing needs by not using Global’s common stock to finance each subsidiary company.
c. Launching our sales phase in Authentic Heroes in a few weeks with the launch of the Brett Favre MXO “Replay” Series
Henceforth, we are mindful of the current situation but excited about the future and look forward to keeping you apprised during this challenging and transitional phase of the company.
Sincerely,
Chris H Giordano
Chairman/President
Global Fiber Technologies, Inc
Source: Global Fiber Technologies, Inc.
$GFTX on a Roll!
Authentic Heroes To Supply Personal Protective Equipment To Front Line Service Providers
Authentic Heroes Gears Up To Address Shortage In Protective Masks
https://www.otcmarkets.com/stock/GFTX/news/story?e&id=1579476
$$$GFTX
News News News!!!
$GFTX next stop, 00s!
Very interesting. I assumed it was something promotional related from back in the day. Well if he's owned the shares for that long we can definitely bet he still owns them to this day.
$GFTX Long&Strong
$IPRC 0.0030 w/ only 52mil outstanding, TA Verified. On an upward trajectory with volume.
You think Trump, during all this coronavirus craziness, is calling up his broker JP Morgan and placing orders?? Lmao besides, $15g's to a man that's a billionaire is like $20 to guys like us. I doubt he cares that much to sell at a peak, he's too busy making the country great again.
He probably was gifted the shares way back when for promotional reasons and has forgotten about it since. Just speculating, I'd be interested to see if someone could find out how he got into possession of GFTX shares.
And we'll know after this election (when he files new financial disclosure form) if still owns shares. But like I said, I doubt he cares that much about a pink sheet right now haha.
It really shouldn't haha has nothing to do with company's fundamentals, it's just a fun fact.
I'm long here bc I think the company is undervalued. They are current status, doing real business, with an interesting product mix that has solid potential. Will need to wait out this coronavirus period, but afterwards I expect things to pick up considerably for the company.
They only file financial disclosures after each election it appears. This is from 2018 mid-term elections. Therefore, it's up-to-date. And if you think he's calling his broker JP Morgan and telling them to sell shares you're whacked outta your mind haha. Very busy man.
And hey up to $15,000 worth of GFTX stock at today's market cap could potentially be anywhere from 1% to as much as 10% of the company's stock. Obviously, GFTX doesn't pay a dividend so clearly there's no income received.
Who knows, but it's got the company's name on his financial disclosure. Just thought investors might find this fact interesting like I did.
Getting more Volume today $IPRC
$GFTX Fun-Fact: President Trump owns shares in it.
Here is President Trump's most recent financial disclosure form:
http://pfds.opensecrets.org/N00023864_2018.pdf
Go to pg. 34, and look at last line:
This disclosure form is from May 2018, and the company changed names 5-2019 from ECO TEK 360 to it's current name.
Don't know how much this helps the fundamentals of the company haha but thought you all might find this interesting. Pretty cool to know we own shares in the same company as the POTUS--not many pink sheet investors can say that!
Fun-Fact about this stock: President Trump owns shares in it.
Here is President Trump's financial disclosure form:
http://pfds.opensecrets.org/N00023864_2018.pdf
Go to pg. 34, and look at last line:
This disclosure form is from May 2018, and the company changed names 5-2019 from ECO TEK 360 to it's current name.
Thought you all might find this interesting--pretty cool to know we own shares in the same company as the president haha.
3months ago we saw a High of .018 that was not too long ago...
$$$GFTX
Almost all Buys today so far $GFTX
More Volume today already. Momentum could be teetering out or ready to move higher. Time will tell!
$IPRC
BSGC .0011
Must be haha can’t wait to see why
$GFTX Bids rolling in
$GFTX #15 on Breakout Boards!
$IPRC .0034 ((52m OS// 500m AS)) Up & running on nice volume!
440k in BUYS vs. 50k in Sell Volume. Doesn't take a genius to know what's going on here!
$IPRC