GenTech Holdings Inc (GTEH)

[foxi]

Did some extra digging for yall:


https://backend.otcmarkets.com/otcapi/company/financial-report/287770/content

Page 2:

On May 10, 2021, the Company filed an increase in its Authorized Share Capital to 40,000,000,000.

Yikes! So as of April 30, 2021, the total shares outstanding is reported to be 13,995,992,699. That's just under 35% of that total amount authorized! There's so much more room for dilution, what's to keep that from happening every time price tries to move higher?


Pages 7-8:

(see chart below)
I grabbed a calculator and counted 3,370,000,000 shares issued between 2/2 and 2/17 of 2021. If all those were sold back into the market, there's your pump and dump. Three days after the dilution started, price went from .0025 to the high of .0189, and by 2/23 it had reached .0050 again.

From 3/3 to 3/30 I counted an additional 3,960,000,000 shares issued. Price was holding at support around .0050 in early March, did another mini pump to a high of .0073, then fell to .0020 during that date range. Cashing in on those higher levels?



Remember, there were 8,210,791,208 shares in total issued from October '20 to April '21 according to the filing.

If I did the math right, 7,330,000,000 or 89.2% of shares issued in that time span were issued during the bull run this year. I'd like to see evidence that these shares weren't simply sold into the market to line some pockets & power all these acquisitions, picking the pockets of the company's new investors. (To some extent, this behavior is healthy behavior for a growing business, but this level of dilution seems excessive, no?)

Buried elsewhere in that paper is the note that GTEH submitted paperwork for a 500:1 reverse split, but withdrew the application before it would have taken effect. With tens of billions of shares now authorized, that's what we'll be looking at if this company ever gets out of the trips!

That said - I could totally see this pumping on all the recent news of acquisitions. I would expect one of two things to happen if price were to soar:

1: If history repeats, we'd see another hardcore round of dilution happen.
2: If the acquisitions made the company profitable, the company could do the reverse splits and trade more securely, rewarding investors in the long term.

Either way I don't see this being a short term get-rich-quick play.

GLTA