OB, I think we need to take a step back and watch for a bit. The numbers you have thrown out there could well be true but I do not think that is the case.
Increasing the A/S has to be public information. I have seen nothing to indicate that the A/S is increased. OTC still indicates 10B. The 8K brings up the issue of 10B (with voting rights) with rights of conversion at .0035. 10X + of what the pps is today. Magic cannot convert as yet, so does that mean the A/S will be [color=red][/color] increased to accommodate PRIOR TO the need or does the 8k violate the public notification PRIOR TO the commitment?
Also, SHs are well aware that the O/S has doubled over the last few months. Who got the $$ from selling those shares? GTCH? Then tell us what the additional cash is being used for. OR, was IGOR forced to sell their dilutive shares to eliminate their GTCH debt obligations? No news there COULD be good news for the elimination of any and all GTCH outstanding debt.
Could the 10B share (I series) mentioned in the 8k not be new A/S but a statement in effect stating that Magic now holds TOTAL control of GTCH. Consider that GTCH is "pledged" only to GBT Tokenize and now MAGIC has absolute (the majority of votes given that there are 'some' retail holders of GTCH shares) control of GTCH, the trading symbol, and the majority of voting rights to ensure it retains the right to dictate what the future of GTCH has.
Maybe the 10B shares mentioned in the 8k are 'in reserve' to assure that MAGIC retains control - never really considered to be "needed" but to offer a control security net? What if MAGIC already owns the controlling interest of GTCH shares RIGHT NOW!
THEN nothing would change other than on paper. If GTCH is truly debt free, the O/S would be stable, the current A/S would remain with little or no need to sell new shares from this point forward. Where would the pps stand then?
Let's just consider that the SHs are NOT in the know. I, for one, am NOT going to jump out of the high-rise window until I know more about what the real intent is for issuing the 8k.
By the way, the company of GTCH did NOT give away the rights to the valuable patents. GTCH issuing the 8k assures that their 50% share of the patent rights remains under the umbrella of GTCH SHs (a small portion is us retail SHs). By doing so, it may have just created an avenue for 100% rights to those patents to be consummated under ONE company called MAGIC. 10B, 16B or 30B...all united under one ticker.
Retaining our rights to share in the prosperous future that "new" company has the makings of is all I want....as long as I some green out of it.
Any clarity this coming week?????
