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Re: Truenorth2016 post# 15255

Saturday, 04/22/2023 8:04:49 PM

Saturday, April 22, 2023 8:04:49 PM

Post# of 22034
$GTCH So I'm sure all of us been trading the OTC a long time are all too familier with the need to raise money when your working to generate revenue. Its clear to me from filings they are in need of lots of cash.

FORM 10-K For the fiscal year ended: December 31, 2022
Our cash was $106,639 and $155,106 at December 31, 2022 and 2021, respectively.
Sales for both the years ended December 31, 2022 and 2021 were $1,152,555 and $0. The Consulting income from related party for both the years ended December 31, 2022 and 2021 was $45,000 and $180,000. Sales are derived from providing IT consulting services to a related party and sales from amazon and Ebay.

Niether of these current deals announced in PRs recently provide cash and the shares GTCH receive are restricted for 6 months from the close of BNIX deal and 9 months from the closeTREN deal if that one closes. IMO they won't see cash from sales of securities for those deals if completed until 2024. So I just think continued dilution is to be expected here? Big +Plus side> I have never seen an IP Portfolio this valuable on any OTC Stock I have traded since 2014!! Why NASDAQ stocks have a strong Interest here and that is a huge ++PLUS:)
GBT Intellectual Property Status Chart: Page 14/20 here:
https://www.otcmarkets.com/filing/html?id=16558666&guid=_jm-kn4B4DI0h3h

Uncharted Territory to say the least but I'm still Bullish on the Future:)



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