Toxic Funders

[nodummy]

GTEH registered up to 2,000,000,000 shares for sale through a 1-A registration statement back in October 2019, which was supposed to raise up to $10,000,000.

https://www.otcmarkets.com/filing/html?id=13638486&guid=TdGeUeox_006-3h

GPL Ventures LLC (Alexander Dillon) bought a $h!t ton of shares through the offering, at a discount to the market price, and since they were registered, he immediately sold them into the market.

Basically, GTEH raised cash by having Dillon dilute stock into the market for them.

GTEH just completed a new offering for up to 7,129,400,000 shares (raising up to $3,564,700) through another 1-A that was made effective on October 1, 2020, which will extend the dilution cycle for many more months to come.

https://www.otcmarkets.com/filing/html?id=14399463&guid=TdGeUeox_006-3h

The result of all this is that retail shareholders get crushed so that David Lovatt can raise capital and toxic funders like Dillon can pocket a nice commission for being the diluter in the process.


The scariest part of it all is that when you look at the GTEH balance sheet it really makes you wonder where all the money is going.

It sure isn't being reflected in the business operations. GTEH has low sales and very little cash on hand. Where is all the money going that they are raising through their regulation A offerings? What are shareholders getting out of it besides billions of shares dumped on their heads?


Even without the toxic reg-A offerings, GTEH was an extremely toxic mess with over $1,000,000 in toxic debt on the balance sheet.

I don't know why anybody would want to touch that one with a 1,000,000 foot pole.

It's got no bid/future reverse split written all over it.