This email was sent to Canthelp and posted here on 6/6/23 who follow this company.
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Ripdog7570
Member Level
Re: None
Wednesday, April 26, 2023 7:23:33 PM
Post#
15859
of 18024
**Called our ceo today and had close to an hour conversation with him. The majority of our conversation was his strategy of where he wants to take the company.
- We want to build a larger IP portfolio.
- License, sell or place technology with a 3rd party to receive a license fee and other fees.
- Keep expanding the IP portfolio.
- Repeat the cycle.
Q: Are we currently attempting to raise capital through dilution or planning a reverse split anytime soon?
A: All actions GTCH makes will be filed with the SEC in an 8k for the general public to view. We file everything with the SEC, good or bad.
We do this for several reasons. however, once you file something with the SEC, it becomes an official registered government document. This is our way of saying to the government (SEC) and public, everything we are claiming in the document we are filing is true.
Q: Why did we go after the Korea patent?
A: To protect the 3D design, ceo couldn't go into any more on the subject.
Q: How would the TREN/ BNIX deals show on our balance sheet.
A: It would show as revenue after the holding period was over. For example.....Whatever price point the 26 mil TREN shares are trading at on the cutoff date is how the value will be determined. Same with BNIX shares if the deal is finalized. TREN revenue should show up on the Q3.
Q: Currently, how is the company doing on operating capital, and are you looking to raise money for expenses?
A: Right now, we are doing ok. But if the need arises, we have cleared up the majority of our debt, so we're in a good position in the event we need to apply for a business loan.
