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That's why I think the reverse split will be reinstated at some point if they don't do something big soon to pay off the notes. As I stated in a previous post, Those dumps were for $1 million in notes and there are another $6 mil sitting out there. We need to physically see them sell something of significance to pay off those notes and clear the debt. They otherwise saw the writing on the wall, the notes will get diluted and eventually they will inadvertently see what they already saw. Bloat the O/S and do another reverse split to clear the debt on the shareholders rather than themselves. AIMVHO. $GTCH. Not what anybody wants to here but how I see it.
Okay. Here is where I know nothing about the short shit report, (been one of those all my life), that has been spewed over the never ending dilution debate. Never studied the ins and outs. Just keep hearing about fake shares. If they are so fake, please tell me why Diagonal lending, Stanley Hills & Igor Corp are not listed as more than 5% beneficial holders of Company stock. To me that is dilution not fake selling. That is 9 billion shares alone sold into the market with just those companies not mentioning any others. If fake shares exist, and deals are truly impending, good time to merge, change ticker and force an audit for accountability. That never happened with another ticker I have with the same fake shares show.
Since 12/14 9.3 billion shares traded
8/18 to 12/14 4 billion
5/23 to 8/18 4.5 billion
(4/20 to 5/23) 4.2 billion
One thing the good man upstairs blessed me with aside from above average intelligence, is an excellent math aptitude. 22 billion shares traded in the last year with upwards of 12 billion being diluted into the market does not constitute a whole lot of wiggle room when you throw in normal daily retail trading volume, for ghost shares.
That's my story and I'm stickin to it there Porch monster, I mean good hearted monkey. With that said, I don't understand what you gentlemen see on a daily basis, just my totally logical math computations. In any event, I still believe they better comp up with some transparency fast or we will see a reinstated reverse split (JMHO), because 9 billion shares was for 1 million dollars in notes and there is almost 7 million more where that came from. GLTA. "Show us the money" GTCH$
I agree big demands quiet, but not doing the 10-K on time for the SEC now when they are cracking down on these types
is not a symbol of anything big. Regardless of whether they answer or not, I just sent them and e-mail.
"You appear to be using the right Network Title of Artificial Intelligence, Because Natural Intelligence is immensely lacking."
Don't read into the comic relief here, it does add to the monotony, besides, he was looking into the mirror when he said that. We all have a reason to be here, and whatever it is, we are all entitled to our opinions, suggestions, and we obviously have to tolerate a little bit of the craziness that comes with it. Kudos to you for staying the course as long as it is what you can afford to lose. GLTA.
Always like comments like this, It is and has always been risk reward down here, it either dries up and everyones loses or kaboom. The nature of the beast. Do you believe the Pr's have substance or are they just more plays on words for these gentlemen to take from the retail little guy to line their pockets. It is truly a 50/50 scenario until it isn't any longer. Just like the bobo who thinks a reverse split that is temporarily not needed, can't be thrust right back into the light to crush everyone. LOL.
Transparency would be so much more effective at this point but it is mostly never given. GLTA as we wait for factual direction.
If GTCH is not releasing new shares? If they are not releasing new shares, How are the outstanding going up? They didn't for a moment and now they are in the most recent posting or did I miss something.
It appears as that is the way this thing is going. Hope I am wrong, but seems too convenient to lose a deal, make a deal to keep feeding more shares into the market to eventually do what they have done in the past. Step on the shareholders with another reverse split and kill someone else's dreams for their own benefit. Sames words as the last deal. GLTA but the methods are getting just that, more counterfeit. JMVHO. I have a ranch in Texas I will sell you kind of deals.
OTCMARKETS 8-K
Item 1.02 Termination of Material Definitive Agreement.
As previously disclosed, on June 23, 2023, Bannix Acquisition Corp. (“Bannix”), EVIE Autonomous Group Ltd. (“EVIE Group”) and the shareholder of the EVIE Group (“EVIE Group Shareholder”), entered into a Business Combination Agreement (the “Business Combination Agreement”), which provided for the acquisition by Bannix of all of the issued and outstanding share capital of EVIE Group from the EVIE Group Shareholder in exchange for the issuance of 85,000,000 shares of common stock of Bannix, $0.01 par value per share, pursuant to which EVIE Group will become a direct wholly owned subsidiary of Bannix.
Section 7.1(b) of the Business Combination Agreement provides that Bannix may terminate the Business Combination Agreement and abandon the acquisition of EVIE Group by Bannix in the event EVIE Group or the EVIE Group Shareholder has failed to perform any condition or agreement on the part of EVIE Group or EVIE Group Shareholder set forth in the Business Combination Agreement. Specifically, Section 5.21 of the Business Combination Agreement requires that if requested in writing by Bannix, EVIE Group shall loan, or procure a loan to Bannix such additional sums as Bannix may reasonably require.
On March 11, 2024, Bannix sent EVIE Group and the EVIE Group Shareholder a notice providing that the Business Combination Agreement has been terminated as a result of the failure of EVIE Group and the EVIE Group Shareholder to loan or procure a loan to Bannix as required pursuant to Section 5.21 of the Business Combination Agreement. An initial notice was sent by Bannix to EVIE Group and the EVIE Group Shareholder on January 12, 2024, and on February 22, 2024, which was subsequently withdrawn to resolve the failure of EVIE Group and the EVIE Group Shareholder to loan or procure a loan to Bannix.
The Company is not obligated to pay any penalties pursuant to the terms of the Business Combination Agreement as a result of the termination. The Sponsor Letter Agreement entered between Bannix, Instant Fame LLC and EVIE Group dated August 7, 2023 and the Transaction Support Agreement between Bannix and the EVIE Group Shareholder dated August 7, 2023 automatically terminated as a result of the termination of the Business Combination Agreement
And to think, you said you didn't want to watch people lose their money. You just lost another day of your existence,lol.
buy The fear at the lowest possible purchase price, which is where we are at. Rock Bottom
Agreed, but that's not the only thought, Also the thought that iffin you believe in the patents and their intrinsic value, buying more 1's is another thought that should be on ones mind if you can get them.
Wasn't just a post, It was in an interview early last year. Not savvy, but I have been mentioning it and will look for it myself as well. That is why I am here. His words and I don't believe it was weighing heavily on the consummation of a deal we have seen as smokescreens. Anybody's guess at this point. More garbage to come and more buying opportunities perhaps.
No harm at all, wish I could help but wasn't there either. Seemingly the rumor is bid continues to build on 1 pushing toward
3 on the ask. They really should be more transparent with updates but suspense is always preceding every magical turn, good
or bad.
Appreciate the Intel quest but good luck with the response. They should obviously be more forthcoming with updates of any nature.
We wait.
I believe he meant the numbers attached to 1 & 2.
No offense but I second and third that emotion.
Besides, I know your on the good side because your profile pic looks just like my brother.
WE are good. All I was implying is that you said all of the dilution is coming from counterfeit shares and that is not true. Post #501
[/iOnly ones here causing dilution is the money makers with their counterfeit shares in the ask, lol go check the OTC short report boy, if you want to see the truth on who's shorting this stock lmao.
The company more than doubled the outstanding shares which is dilution. GLTU and we keep fighting the good fight amidst all the ridiculous corruption.
I have been down the naked shorting dilution road so I definitely know.
I get it and thanks for your concerns, which are the concerns of everyone, but I thought they could remedy that at some point by changing the ticker and having the count audited. Not savvy but just heard it somewhere. Yes believe me I know all about naked shares from good old db**. Have always appreciated your posts by the way.
The problem that I illustrated almost a year ago is that they could put off the consummation of this deal monthly for a year with no recourse. I was blasted on one of these boards, not sure if it was this one or not. So I went away knowing it would continue. The meeting on the 8th will renew this theory for another 6 months, and even though it doesn't have to, I am pretty sure it will. (hope I am wrong for all our sakes, but if not We are also willing to let them get it right so we can bring some people out into the lime light for our beliefs becoming reality. Until then, this will move sideways and down until meat is thrown on the plate. Have always stayed steadfast to an interview this gentleman had stating 2023 would be a year of accumulating as many patents as possible and then selling them in 2024. Maybe, just maybe, It became bigger than he ever imagined causing him to know to get there he had to dilute but also realized he wouldn't need that reverse split because something much bigger has been stumbled upon which he hints at and now he doesn't want to sell it to just anybody or too soon. JIMVHO. In any event, the word epic has been thrown around and that it would truly be.
I get it, but adding 8 billion shares to the outstanding in a small period of time regardless of what its for is the epitome of dilution and my perception is that you said it was not, just a minor technicality I guess. no worries. We are on the same side.
Just my opinion as I am Not the one in the know on how things work. With that in mind, It states that $GTCH has 3 days prior to the expiration date of being uplisted to unwind the transaction. I haven't seen anywhere where it has been stated that GTCH has taken action or closed meaning it is still a thing? Maybe someone can shed some light on this. Obviously there has been no uplifting.
That's why it is a risk reward option. Only spend what your willing to lose like the lottery. As for you, with allegedly no skin in the game, there is no reason to be here wasting even more of your existence, unless of COURSE, you have skin in the game. LMAO. Thanks for saving me from the death spiral, LMAOA only IMVHO.
GO $GTCH>
Uh, really. The outstanding goes from 8 to 15 billion and you say their counterfeit. Counterfeit may very well
be happening but their counterfeit because they don't show up. These are actual dillution shares. LOL
That's what I love most about these boards, the ones who say they could care less about stocks of such nature
but take a lot of time posting anyway. you just wasted another minute of your existence and so on, and so on.
Go $GTCH. Rock bottom.
The Company certainly is'nt helping by maxing out the shares and preparing for a new
reverse split. How will they save everyone?
Helps if you know what ticker the conversation was about before you interject?
$GTCH. GEE, we all would be happy, especially, if it wasn't because of a 1-100 reverse split which would
have netted you $0.00. LOL.
Loving this analogy. I too am traveling the very path that this message is implying. We wait and watch
how this story unfolds. GLTA
Still here and adding. I am "Living on a Prayer" and still dreaming on the CEO's statement early this year
that they would add as many patents as they could by the end of the year and then sell them. Something
may or may not have changed in that philosophy, but according to the proposed selling that has been
dangled lately and what could be later, seems to fall exactly into the original plan stated. I just have an
uncanny good feeling about this one, regardless of what the past indicates. GLTA. $GTCH.
Yes. It is a lottery ticket. I will continue to hold it as well. It is lonely but at some point we will here more voices
They are getting paid with a boatload of shares of the very company that will be benefiting from the sale. If it happens, do you not think for one minute the shareholders of gtch benefit from holding a motherload of shares worth a ton of money that will add to the market cap of gtch because they hold those shares from the company they sold the rights too. You think that stock won't appreciate. The other company does all the work.
CEO did say in a PR many months ago, got to find it, That the goal was to get as many patents by the end of the year
as possible and then sell them. To me, there is indication that he was being very transparent with those statements
in light of all recent events. If true, totally interesting to see how this all develops regardless of the R/S scare. GLTA $GTCH
Finally, Reality sets in. This deal can get done by March of 2024 would be the proper analogy. Not worried. My lotto ticket here is for the concept of CEO stating a while back, getting as many patents as possible by the end of the year and then selling. Each week we receive a PR about the progress of these patents which correlates directly with that thought. A reverse split at that point won't even matter in the grand scheme of what could occur. JIMVHO lottery ticket. GLTA.
Hope your right, but i beg to differ. It extends the ability to sign that definitive agreement as well IMVHO which I have been saying all along. but we will see within 2 days so GLTA.
And I will continue to say, This deal can be repeatedly extended until March of 2024, It is not done, there is a process. Should question the eagerness of starting due dilligence on 5/12.23 when the letter of intent was over a month previous and the interaction about a business combination started sometime last year. Don't like to be a negative nanny, but stating it is happening by 6/14 is just not rational considering there has already been 3 extensions. Meanwhile GTCH is definitely diluting to do that reverse split they choose not to cancel in light of all the good things they are spewing. At least they have all basis covered. Just a lottery ticket for that once in a lifetime, but that's what it is at this moment. Invest on that basis IMVHO. GLTA.
Hope I am wrong and they complete the deal, but I believe that extension comes Monday to Wednesday next week.
being told I am wrong, but I am ok with that if I am, but looked to me that there is an agreement within an agreement.
from Bannix,
On May 12, 2023, the Board, at the request of the Sponsor, determined to implement a third Extension and to extend the Deadline Date for an additional month to June 14, 2023. The $75,000 for the third Extension were provided by EVIE Autonomous Ltd., which was previously funded to the Company on April 19, 2023./i]
That extension was done on May 12th for them to consummate any merger, acquisition, etc. So does this
September 2021 agreement coincide with the current deal. The deal deadline for both does coorelate and if so that is only the third of 12 possible extensions. If so, that was done on the 12th and we are not at the 12th yet to see another extension. I do not know how it all works but just throwing it out there.
Considering what we have seen in the last several months in relationship to the corruption clamp down
including what we have seen within the SEC travesties, I would really not want to be on the wrong side
of being a naked shorter in the now and upcoming future. 42 cases dismissed in one shot!!!!
BBBBBBBBBBBOOOOOOOOOOOOOMMMMMMMMMMMM!!!!!!!!!!!!!!!!!
All of my years of practicing booms just may pay off after all. GLTA. $$DBMM
With that being said, they have already extended it how many times? LOL.
Not against it happening, but reality is a crazy thing.
For what its worth I also saw the CEO months ago in some disclosure state that the goal was to get as many patents this year as possible and then sell. Thats why I am here, for the massive potential, but there is also a pending reverse split option that really sucks if he intends to use it.
My words to the company was to cancel that pending split if you want full FOMO. We wait obviously.
No offense, but it can be extended til next year or pleasetell me I am wrong. I have been known to not know what I am talking about just like others, JIMHO.
4/14/23 8-k from Bannix
As previously disclosed, at a special meeting of the stockholders (the “Special Meeting”) of Bannix Acquisition Corp. (“Bannix”) held on March 8, 2023, Bannix’s stockholders voted in favor of a proposal to amend Bannix’s Amended and Restated Certificate of Incorporation (as amended, the “Amended Charter”) to extend the date (the “Extension”) by which the Company must (1) complete a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization or similar business combination involving the Company and one or more businesses (an “initial business combination”), (2) cease its operations except for the purpose of winding up if it fails to complete such initial business combination, and (3) redeem 100% of the Company’s common stock (“common stock”) included as part of the units sold in the Company’s initial public offering that was consummated on September 14, 2021 (the “IPO”), from March 14, 2023, and to allow the Company, without another stockholder vote, to further extend the date to consummate a business combination on a monthly basis up to twelve (12) times by an additional one (1) month each time after March 14, 2023 or later extended deadline date, by resolution of the Company’s board of directors (the “Board”), if requested by Instant Fame, LLC, a Nevada limited liability company (“Sponsor”), upon five days’ advance notice prior to the applicable deadline date, until March 14, 2024, or a total of up to twelve (12) months after March 14, 2023 (such date as extended, the “Deadline Date”), unless the closing of a business combination shall have occurred prior thereto./i]