Global Tech Industries Group Inc (GTII)

[retiredtech]

Only thing going for this stock/company was the low float. Now that is gone with all the DILUTION. This company will not last long as they HAVE NOTHING unique to offer industry, AND, those Warrants ARE WORTHLESS. Knew it all along.

With the suspension of the Company's oil operation, and the legal ruling that the oil properties were no longer the property of GTII, the Company has sought other potential business opportunities. Subsequent to December 31, 2020 , the Company has acquired two companies with operating activities which will assist to support its administrative expenses and to enable the Company to earn profits and achieve positive cash flow. The operations of our acquisitions are in the purchasing and selling of precious metal, specifically purchasing gold internationally and selling from our facilities in Dubai . Our other acquisition is in the family eye care industry, which includes exams and production of eye wear.

This plan is totally dependent on the Chairman, David Reichman's continued support, as well as our ability to raise capital. Execution of the business plan is subject to this constraint as well as the finding of sufficient funding.

Our net loss increased by $1,349,651 to $2,778,486 in 2020 from $1,428,835 in 2019, due to the 2019 debt relief gains and increased stock-based compensation in 2020.