GBT Technologies Inc (GTCH)

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Information regarding loss of service for GOPH. This is for shareholders who want to keep track of what's going on with the company

https://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=12377582

On November 10, 2017 at approximately 6:15 pm (EST) Ugopherservices, a subsidiary of Gopher Protocol Inc. (the “Company”) experienced a suspension of operations on the terminals the Company acquired in its acquisition on September 1, 2017. Management of the Company believes this shutdown came as a result Paypal Holdings Inc. (“Paypal”) decision to suspend operations of TIO Networks (“TIO”) and appears to have affected all of TIO’s customers. TIO was acquired by Paypal in July 2017. Prior to the suspension, the Company received no notice that the suspension would be taking place. TIO’s corporate website has been replaced with a single page informing consumers of the suspension. The Company is currently evaluating with counsel the actions that should be taken against TIO Networks and Paypal.

Since the suspension on November 10, 2017, the Company’s executives have been working closely with its partners and customers to develop and implement a strategy that will restore operations on its terminals as quickly and securely as possible.

From PR on 12/5
https://www.otcmarkets.com/stock/GOPH/news/Gopher-Protocol-Files-Audited-Financials-Showing--66-Million-in-Sales-for-FYE-Ended-January-2017?id=177188&b=y

As reported in November 2017, Gopher experienced the loss the services of TIO Networks, a subsidiary of Paypal Holdings Inc. (“Paypal”), as reported on November 13, 2017 https://www.otcmarkets.com/edgar/GetFilingPdf?FilingID=12377582. This will impact the Gopher’s 4th quarter and possibly 1st quarter 2018 earnings. As a result of the disruption, Gopher has accelerated the rollout of its own network into the acquired 15,000+/- locations.