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Alias Born | 11/10/2008 |
Sunday, July 23, 2023 4:51:02 PM
From now on, any cash generated through the sale of any more new GTCH shares funnels to MAGIC for GBT Tokenize operational purposes while in effect reducing the amount GTCH has pledged to Magic for their 50% share of GBT Tokenize. Basically, GTCH has provided Magic with a $35M pledge (10B A/S at $.0035 each) with ONLY HALF of the A/S remaining to be issued!!!
Magic is paying for the operation of GBT Tokenize in TOTAL! The CASH account is on Magic's books, NOT GTCH's. Now, moving forward, Magic is to be 'reimbursed by GTCH' via the sale of what new shares remain for $30M within the next 3 years.
In summary, Magic management is pretty certain that the .0035 price quoted for is going to be a LOT higher than GTCH shares are currently selling for on the pink trade market! Along that line of thinking, dilution via new shares are to be stopped until the pps at least attains the trade price of .0035!!!
This is my story and I am sticking to it!!!!
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