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Only thing positive is the number of authorized shares going up ... +40 Billlion shares for a total of 70 Billion shares.
It's in the latest filing when Lovatt dumbass change Fizzique Nutra Inc back to Gen Tech Holdings.
Fizzique showing no signs of growth. Instead, its website is down and its retailers remains "sold out." Sinfit & American Metabolix followed the same path before they were sold off. Except, in the case of Fizzique, the original patent owner is David Jenkins of Next Proteins Inc. If sold, Jenkins benefits not GTEH. I don't see any good financial outcome coming out of this.
Nearly the entire Supplement Grp team was let go in the past year.
Lovatt's been promising things since 2019 for GTEH.
I don't think time is working for shareholders. It did work for the pumps Lovatt's been putting out since inception of GTEH.
https://www.drinkfizzique.com/
Only one step left!
To finish setting up your new web address, go to your domain settings, click "Connect existing domain", and enter: www.drinkfizzique.com
There goes the Fizzique website. It isn't found on Amazon, either.
Wonder what kind of pump Lovatt has in store for his "end of Summer" sales pitch.
lol, this thing needs to die off completely already.
The State of Colorado listed under GTEH:
"Entity noncompliant and will become delinquent on: 06/30/2023"
About a week or so and it becomes deliquent.
Lovatt should face scrutiny from what he has posted, from 2019 on, about GTEH. There were many misleading statements and outright lies still up on social media, interviews, and "P.R." articles. It's unfortunate that many people here believed his hype.
From the getgo, Lovatt having his Green Light Development LLC. receiving 8k/mo, two years before he renamed PKGM into GTEH, should have been a huge red flag. Along with GTEH paying off PKGM's debt.
It doesn't mean anything at this point. The settlement in GPL's SEC case says GTEH only gets two dates of issuance returned. One on 12-16-20 for 120,000,000 and 1-12-21. However, 1-12-21 is either a typo or not showing on Earning reports. Regardless, it wouldn't make a difference considering GTEH recently lost their lawsuit against East Capital Investment Corp and is going to be delisted by the State of Colorado. Deliquent by end of June.
There is another Lawsuit with "Bevsource," as Lovatt claims. However, they signed a contract with Macrocap Labs not Bevsource. Lovatt could have been making up another misleading statement there. Don't know the result of that one though.
GTEH is over. VP, COO, and Sales Director already left the team, Sinfit & A.M. being sold, and Lovatt got rid of both TQLB & PDPG. All three were under Supplement Group USA, not to be confused with Supplement Group Europe, which was a different entity that had contracts with their public Tickers.
Assuming there is cash coming in from the above settlement (which wouldn't be much anyhow), GTEH has to pay themselves first through the Supplement Group Europe agreement (50k/month) along with Green Light Development LLC (8k/month).
To add, even after the report came in on GPL and Alexander Dillon in Fall of 2021, Lovatt continued to work with him between July 8, 2021 to April 6, 2022, amassing over 6 Billion Shares.
That would make the above settlement peanuts compared to what was given thereafter, knowing how detrimental those toxic shares would have decimated shareholders.
It's over. State of Colorado going to put them as deliquent on 6/30/23.
They also just lost a court case against East Capital Investments Corp.
State of Colorado: GTEH Deliquent 6/30/23
East Capital Investment Corp. Lawsuit
Not sure if one public stock going deliquent will have a broker close your account, as I had some OTC that gone to shit in the past. But then again, I don't have TD so who knows.
It just a coincidence though that a couple of user's had their account close one way or another at the same time GTEH has been listed as deliquent by the state of Colorado. And the court finally updated the result of the lawsuit vs East Capital Investments Corp., although the decision had already been made on April 28.
I believe it's over now.
Entity noncompliant and will become delinquent on: 06/30/2023
CLERK'S CERTIFICATE OF DEFAULT as to GenTech Holdings, Inc.(km)
Yes, unfortunately for the employees of Nxtbar, who received those restricted shares, got screwed royally. Definitely by Lovatt but perhaps also by Richard Lindeman, founder of Nxtbar.
Shareholders got screwed too because Nxtbar brought no value in return, and their $$ was given to Lindeman for Nxtbar. Nxtbar didn't do anything as it sat dormant until it got kicked off website after website other than its own. What was the point of that acquistion anyway? (Hypothethical question because it really didn't matter as Lovatt was deep into his share selling scheme by that point anyway.)
I just realized something while looking back for a lawsuit against the beverage manufacturing company that was signed for a $1m contract back in 2021.
If you look at this photo Lovatt posted, it reveals 975 Bennett Dr, Longwood, FL 32750, which is Microcap Labs Inc.
No big deal, whatever, right?
However, Lovatt gets caught in a lie, saying he was in a lawsuit with Bevsource, not MicroLab, a few months after that contract was signed.
Excuses started pouring in. From cost of freight to only producing 50k/month of Fizzique. Not quite the 2m-4m by December 2021, with "many" retailers lining up.
The silliest lies he had though was claiming he was at a 7-Eleven that held Fizzique and sending pallets to the Middle East.
These misleading tweets, many of which were outright lies, have reprecussions. The difference between his past and present plays are Twitter Receipts documenting all of this.
@Slojab, You're right that the past matters. Unfortunately, a lot of context will get lost in the mix as time goes on. Lovatt's GTEH is a great offender of posting fluff.
There was one thing that I didn't catch until much later. Hindsight I guess.
The last big push, or B.S. fluff, was using the Walmart Open call competition.
Walmart Open Call 2022
That Walmart tweet was in June 2022.
However, RJ Runowski, the V.P. that was brought on to bring GTEH to new heights, left a month earlier, in May 2022.
RJ Runowski's Linkedin
Two things to consider with the Walmart Open Call.
One, GTEH/Fizzique wouldn't be able to handle supply for Walmart. They couldn't even produce 2million cans like they've boasted by December 2021.
Two, Your V.P. left the company before a big "possible" deal? Yeah, you take another month, another chance if there ever was one.
With no further update about Walmart's Open Call, Lovatt dropped the ball and announced the inevitable Reverse Split.
In a tweet ending the year of 2021, he says:
NO REVERSE SUBMITTED OR PLANNED
When asked about this when he announced the Reverse split, he says:
You don't plan a reverse months in advance. I DID NOT PLAN TO REVERSE THE STOCK
But did he really not plan it? I mean, again, this was his second time attempting to do a 500:1 Reverse Split, as we were able to see it in 2020. Except, second R/S took about 6 times as long to announce cancellation than the first.500:1 R/S 2020
This Walmart Open call event was a smoke & mirror to set off a domino effect for Lovatt & Armenta. After June 2022, PDPG & TQLB were then both sold, Sinfit & American Metabolix were both flipped for cash, and most of the Supplement Group USA which served TQLB/GTEH, left the team.
In TQLB/PDPG Lovatt & Armenta held common shares, whereas in GTEH they own 0 common shares. Perhaps that was why they were able to unload TQLB/PDPG while being stuck with the only option to reverse split GTEH. To create more shares to sell to toxic lenders. The other way to make money was through paying themselves $50k/month through Supplement Group Europe but demand for GTEH's products are low. No products sold means no funneling of $50k/mo to themselves.
No matter what angle you look at any of the deals/tweets/filings made through Lovatt, it just ridiculous. One example of many ... selling American Metabolix from TQLB to GTEH for $1.3M only to have it sold for another 155k. Where did all that money and value gone? Shareholders never saw a cent of that.
@SmellMyFinger While I just made this account this week, I've been following GTEH since 2020. Didn't care much to post on here but seeing some of the things posted lately, I thought I'll put in my two cent.
About a month before the big run up to .0189 stock high in 2021, Armenta and Lovatt sold all their common shares and created Supplement Group Europe, which would control everything in GTEH, with 1 preferred share.
The way they would get compensated was through an agreement between their two owned entity, GTEH & Supplement Group Europe, for a tune of $50k/month.
GTEH/SGEurope Agreement
They also had an agreement with TQLB and Supplement Group Europe. Yeah, they had multiple owned public company under their private entity. How convenient, especially when you can sell one subsidary (American Metabolix) from one public company to your other, for cash. *Shareholder's cash* Then flip it for more cash, at the end of its cycle and pocket that.
TQLB/SGEurope Agreement
So how else do you create value for yourself, as an owner, if you have 0 common shares? Sell diluted shares while selling out assets. A few months after Supplement Group Europe came about, the A/S was raised to 40Billion. Remember, in 2019/2020, they made shareholders believe that they were not going to dilute any further. In fact, they were going to heavily reduce it. Anti-Dilution Initiative
There's also Donnell Suarez, who is an attorney. Pretty much does background work. However, Lovatt's Green Light Development overlaps it but it still receives $8k/month since 2017, when GTEH was still PKGM. Essentially, Lovatt pays himself through different private channels. Suarez received 2,753,000,000 shares. Was that a reasonable fee for an attorney? That represented 9% of the entire float. What did Suarez really do for GTEH for that amount?
Had the reverse split went through, Lovatt was proposing a 500:1 Reverse Split. That would have left the Outstanding share at 61 Million but the Authorized share at 12 Billion. Think about that. Lovatt was saying the A/S would be "in line" with the O/S. laughs
Kyle Brammer (Sales Director) left Dec. 2022
Josh Pittman, (COO) left Jan. 2023
RJ Runowski (VP) left Summer 2022
Yet, Lovatt continued to try to pump this albeit lesser and lesser as he finally announced the R/S was cancelled in February 2023. But this is not the first time the 500:1 R/S was cancelled. The same thing happened in 2020:
2020 500:1 R/S Cancellation
Except, the first time around, it took two months to get announced. The timing of the second 500:1 R/S is suspect. A few weeks before Lovatt's annoucement of the cancellation, Armenta brings back JACS Nutrition, from (Deliquent) to (Good Standing.)
JACS Nutrition Filing
Colorado State: JACS Nutrition
That's 13 years ago. Why now? They already gave up TQLB & PDPG, Sinfit & American Metabolix, all at the cost of shareholders. Is JACS Nutrition the next thing? Lovatt also has some ownership in ARMC, but that came as part of a package when he took over TQLB, formerly known as Commodore International. But who really knows, with the amount of tickers he went through in the past.
Then there's the whole rule 144 thing.
Rule 144 /Basile Law Firm
This has a connection to the current lawsuit (East Capital Investments Corp. v. GenTech Holdings, Inc.). You can see, Basile Law Firm pulled their representation out. ECIC v. GTEH
The Link above, about rule 144 from SPCC (Small Public Company Coalition), mentions both Basile Law Firm and Lovatt (GTEH).
The letter in question about Lovatt and Rule 144 is linked below:
SEC/Rule144 Lovatt
You can see it was written and dated on November 30, 2021. However, many unrestricted/free-trading occured soon after, dropping the share price to where it is now.
It's not really about the products, how good or bad it is. It's the toxic shares being sold while funneling money out to private owned companys, all owned by themselves. Possibly leaving Supplement Group USA to take all the liabilities?
And Fizzique, even if it was great, wasn't going to last long anyway. Its patent will expire in 2025. And Next Proteins Inc. (David Jenkins) owns it, not GTEH.
Hopefully that gave you an even better insight.
Sun Kissed CEO, Mr. Carl Grant, stated today that, "We have worked with Green Light to help us meet our liabilities over the past two years, and they have been a fantastic partner. In the current economic climate, we need to be as lean as possible and we have used this to agree to a complete forgiveness of debt. We are extremely satisfied with our tough negotiating stance which sees Green Light with no equity or debt position whatsoever in Sun Kissed and we part ways at this point completely.
https://www.newsfilecorp.com/release/54169/Sun-Kissed-Industries-Cleans-Balance-Sheet-with-242595-of-Debt-Forgiveness
Green Light (Owned by Lovatt) Who then took out two SBA loans during the Pandemic.
SBA loans:
https://www.federalpay.org/paycheck-protection-program/green-light-developments-llc-saint-johns-fl
There could have been a post about Carl Grant being Lovatt's bartender/buddy back in the U.K. around that time. Apparently both came over to the states and began their scheme.
I haven't gone too far back but there's certainly a connection.
Lovatt brought over Leonard K. Armenta from SDKI. Armenta took with him to GTEH, his ownership of Sinfit Inc. A few months later, GTEH acquired Hakuna Supply from SDKI.
However, GTEH reversed the acquisition. Not only did Lovatt reverse the move but he used his private company, Green Light Development LLC. to take care of all debts owned by SDKI.
Who was SDKI's CEO? Carl Grant.
Lovatt & Armenta went on to sell all shares in GTEH and opened another entity, Supplement Group Europe. This isn't the same as Supplement Group USA, which all the subsidiaries are under. Possibly S.G. USA taking all the liabilities while S.G. Europe reaps all the benefits?Anyway, along with this move, they've created two more public tickers, PDPG & TQLB.
And who was the recipient of lending them Millions and Millions of free-trading, unrestricted shares in all three tickers? Carl Grant.
There is no coincidence here. But the question is, how far back does this actually go?
Is the East Capital Investment Corp. lawsuit related to those cases though?
What lawsuit are you talking about?
Is it this one? This one is still ongoing.
East Capital Investments Corp. v. GenTech Holdings, Inc.
https://www.pacermonitor.com/public/case/42846138/East_Capital_Investments_Corp_v_GenTech_Holdings,_Inc