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It's a very strange site on Facebook. Remember the post saying they were going to have a webinar, but they didn't give a link, date or time of this webinar? Nothing ever happened. Now they just post about various technologies from the past. Maybe they're just fishing, hoping some company takes the bait and inquires about one of the patents. It's hard to know exactly what they're thinking.
No question about it. Then your smartphone WON'T correct a word that makes no sense and it stays up there. It's probably best to just shut off your autocorrect, even though it can save you some time by just tapping on the word it anticipates you typing.
Another post on Facebook this one about qTerm....
qTerm, our innovative health device, offers real-time monitoring of temperature, heartbeat, oxygen levels, and more.
Revolutionize your health management with GBT
Had you or anyone else heard of Guardian Patch? I don't recall ever hearing that product name. They just posted about it on Facebook half an hour ago...
Guardian Patch is the ultimate solution for asset management and inventory control. Our GPS-less tracking system is cost-effective and highly efficient. Secure your assets...
I'm not surprised at that news. We figured there might be another extension. Who knows if it ever really happens, and what will become of Bannix, Vision Wave, and GBT? It's all gambling.
Wow had a sense like most on here.
Ugghhh...you all are really tempting me to add like 8 mil shares. I too think this could emerge with the share structure and the sectors they're in. We're starting to see more volume in the OTC in general.
That would be the hope. Did they say they were down to 55K remaining in debt?
Yup - just another false alarm.
We may have spoken too soon? It's early and the volume will probably die down but interesting that it's over 100 million here an hour in. Unfortunately it looks like we're at 1/2 bid/ask.
That's always the scary possibility. Like you say - OS RS, and AS stays the same. The vicious cycle on many OTCs.
Unless they really have an ace in the hole with these patents, that seems unlikely? Financially can they pull that off over time?
Very strange - I guess the vague tweet got people excited, including me.
You think? 100 mil still isn't a crazy amount. I was wondering when 45 mil was traded like 15 minutes in but it cooled off. You don't think it could just be a few retailers?
Bannix has definitely been a strange one! Even when it was trading, it was minimal. If there were a big share conversion to get us to NASDAQ maybe that would be the ticket? Is that all this 1-1,041 talk or whatever it is?
Uh oh...wow. Is this just retail speculation? As I mentioned before there's been some buzz on Stocktwits too. People are sensing this "business combination" taking place. But what will it mean if Bannix/VisionWave aren't up to snuff? Tough to say where we go from here but glad to see it trading nicely, even if we're just speculating.
Another vague post on Facebook an hour ago. We need something concrete!
You may be right. Just saw Hawk's post of the new 8K from Bannix. You have to wonder what's going on. Gonna read that over the weekend.
Could be true, but geez, did someone hit the 3s for nearly 26 million shares right at 3:59 and change? That's interesting isn't it?
Haha yeah no kidding, very true. I don't think 19th Times The Charm is a very well known saying. Here's hoping, but they'll probably get another 18-month extension. :)
I do see that now. Sheesh....what does it even mean? Combination with who? Instant Fame, LLC? What does it mean to be the "sponsor"?
This is the first time I can remember a hit like that at .00015, and there was another 4 mil hit at that price earlier. Still not big, but it's a start. I'm hoping the bids can ultimately move up.
Good morning Bucks,
Are you watching what's going on over at the Stocktwits board? There is a person over there insisting this will reverse merge over into Bannix on the NASDAQ. I don't think that's an RM. I think an RM is when a private company is trying to cut through the red tape, and merges into a shell (preferably debt free) so that they can publicly trade. Both Bannix and GBT are already public, so I don't know what he's saying....
Another person refutes his point and says that "GBT sold a patent to another company who is going public through a SPAC company called Bannix and in return GTCH gets $42 million in shares of the new company. That will be a nice asset on GTCH's balance sheet and should help market cap and share price."
I assume the new company that would go public is VisionWave Tech? Maybe that's what he's getting at here? VisionWave is still private? We know he can't be talking about Avant because they too are public (with a struggling stock price).
Hmmmm...are they applying for an uplist to OTCQB?
If so, that might indicate that they have PCAOB audited financials, a requirement for that uplist. They'd also need that minimum price requirement of 1 cent.
Can this get to around .0005, then do a 1:50 RS to give them breathing space to be on OTCQB at 2.5 cents?
That's an interesting analogy. Certainly possible - but it's not a direct analogy IMO. Sounds like they did a 1:50,000 share split, and the AS is still 100 billion - 50 billion more than here. Also, the restricted share percentage is way lower than it is here. Here it's about 80 percent or slightly higher, there maybe 55 percent? Also what is FrankSpeech network? Do they have the potential revenue of San Global Dining? It's hard to know. I get what you're saying, but it's just speculation. It is interesting that they did RS their own restricted shares. That could certainly happen here, and almost certainly will at some point - but when? What if it's not until there's a decent run after the annual report? It sounds like Incapta did it at basically .0001?
Finally, it looks like FrankSpeech is going up a bit today. You never know for certain how an RS will play out. We'll see.
Yup exactly - even on a 1:1000 split, you'd still have 36 mil shares which wouldn't be bad. If the split was for good reason and it actually caused upward movement, they could profit nicely. Who knows? It's all just speculation at this point.
Yeah very tough to tell what would happen here. As has been pointed out, the OS and AS are big because of the 36 billion plus restricted shares. The argument is that they wouldn't reverse split their own restricted shares, but who knows? Maybe they would - they have a ton of them, and they'd still have a lot even with a big RS. I'm still holding on to see what the annual report says.
Thanks for that Bri very helpful. I didn't realize they'd only be able to sell at the bid. Plus, this is only a fraction of what they have, so unless there's follow-up like this the rest of the week, my scenario is unlikely.
I'm at a .0006 average so yup, I'm in the same boat. I think it may have even been you that was saying you were kicking yourself for not selling when it got into the double 0s and buying back. I certainly could have done that too. These plays are wildly unpredictable.
Do you get suspicious when there's massive volume very early, and then it comes to a halt?
That always makes me start wondering what's going on. Do we know when the restricted shares can be sold? What if the company started slowly unloading them into the float? Is that possible? You put out a PR and sell on a bump? I'm thinking their strike price may have been .0001 or even in the quad? I don't know how long they have to hold them. Maybe a certain percentage has vested? Just playing Devil's Advocate for a moment.
That would be big. A tweet is one thing - having the actual numbers is another. That could really get this moving. I think there are still a lot of questions surrounding why these guys need so many dang restricted shares.
I just see the tweet on X that was posted by Rainer here. I guess that's what is driving this - sounds like they have virtually no debt left and are saying they have good revenue. The proof will be in the pudding. I have a couple of questions - where is their latest quarterly report, and last year they submitted their annual report in October - should we expect that this year? Those might tell us a lot.
This is shocking volume. I don't ever remember anything like this (possibly in any OTC, much less this one) in 5 minutes. I'm behind but I'm already seeing 770 million. Are you kidding me?
Wow....ok I was wondering why this shocking volume. 650 million in like 2 minutes? WTH??
Belle Aire is pretty cute. I’m old but just saying it like it is. Ambush Karaoke haha…interesting idea
Agreed. It can also go to no bid and then just fade away, but I like buying trip 1s and just sitting on them for awhile to see what happens. If it can get to trip 2 bid, you've doubled your investment. At that point you can think about selling half and riding free shares.
Everything's a gamble in OTC world, and heck, many on the big exchanges are too. You just never know. Look at stocks like Virgin Galactic or Beyond Meat that cratered. For all we know, Netflix could be a terrible investment 10 years from now if you buy today. Who knows? Maybe it pulls a Blockbuster. It's all gambling, which is why I'm more a believer in the 401K with diversity, and just buying small lots of these fliers.
That makes sense. Total number of shareholders as of June 30 was 126, not a big number. You could have another 50 or so shareholders like me holding 5-10 mil shares each, with another 50 shareholders holding significantly more than that to reach the 12.8 bil total.
I really hope you’re right. They’re in the right sector. We just need a few hits on these patents.
If we truly find evidence of a share buyback reflected at OTC markets and/or elsewhere, and it's of that size? We really could have a monster run.
Fingers crossed....thinking very hard of doubling or tripling my minuscule position of 5 mil shares. I'll never be a big player, but a run into the mid 00s would be huge for the small fries like me. I know you and some others are holding 9 figures.
Are they saying the OS could be reduced to around 6.5 billiion or thereabouts?
How about the AS?
You've got me very curious on the other one....
Always a good approach. Keep some skin in the game. Were you able to sell a lot of those at 2?