GBT Technologies Inc (GTCH)

[bucks2pennies]

OK, OB, bear with me.

When toxic loans are converted to share equity, where do the shares come from? I have it set in my mind that the shares are new issue... toxic lenders get shares at an agreed upon rate when activated. In effect GTCH increases the float by providing new shares sufficient to pay off the remaining debt to those toxic lenders who will put in an ask bid to sell (intent in getting more money from selling the shares than they would realize if GTCH paid them cash? Of course!).

Are the toxic lenders provided with the required amount of new shares called for by the original agreement via some electronic transfer in advance (at the current pps when acquired or some predetermined pricing below the current pps)? In effect, the lender already bought the right to acquire x number of shares WITH the loan they provided GTCH. Instead of cash, the toxic lender now wants shares to the amount of the remaining debt GTCH owes them....to sell freely like any retail investor.

So, the impression I get from your post is that THESE shares being sold might be toxic lender shares - not directly through GTCH selling new shares.

Instead of cash, GTCH has gotten rid of its toxic debt via issuing new shares.

Kind of cleaning out the garbage to improve the possibility of an RM?