GBT Technologies Inc (GTCH)

[OnceBurned]

Volcano: The reason pps hasn’t sustainably responded (apart from dilution) is that neither the TREN nor the Bannix/Evie SPAC deal has been completed yet.

TREN reported O/S on May 1st that makes clear the new 26,000,000 deal shares have not yet been issued to GBT Tokenize. The TREN press release makes clear that the 26M shares will be issued upon the deal’s “closing.” Obviously, the deal hasn’t closed yet.

The Bannix/Evie SPAC deal isn’t done yet either. It is in a due diligence period and subject to execution of final agreements. Might be further investor funding thresholds, too. There is no guarantee that the deal actually goes forward. Could be weeks or months from a deal closing that results in GBT Tokenize receiving its 42,000,000 SPAC shares.

If either deal actually closes, I would expect GTCH pps to register some response. Until either deal closes, however, I don’t expect GTCH’s pps to react. GTCH’s history suggests that pps will move when a deal is actually closed upon, not when press releases announcing a potential deal are issued.