GBT Technologies Inc (GTCH)

[Louinjaxxx]

This is a great company if you can handle their current financials of $9.1 million sales, $8.6 million cost of goods sold, $500K gross Profit, $7.8 million Operating costs, and $3 million "other" expenses....Add to that 22 million outstanding and exercisable warrants, and in the Company's agreement to acquire 50% of the equity of Spare CS Inc., the Company agreed to provide Spare with all needed operating costs and will fund $100,000 every three months until Spare has positive cash flow. The Company provided the initial $100,000 on January 16, 2018. D’Ontra Hughes, CEO of Spare, will continue as CEO for 24 months at a salary of $10,000 per month and all current management will remain in place for 12 months. In addition, the Company will issue Spare 1,500,000 shares of common stock and a common stock purchase warrant to acquire 1,000,000 shares of common stock at an exercise price of $3.00 per share for a period of three years. The Company also agreed to place 1,500,000 shares of common stock in escrow as a limited form of price protection for six months.

It sort of makes me wonder how the company is going to finance the Guardian series of products, or will this be just another cash black hole?