GBT Technologies Inc (GTCH)

[MrMyers]

During the past 12 months, GBT Technologies has increased shares outstanding from $1.5B (Mar. 2023) to $15.8B. That is an increase greater than 1,000%, representing a share price drop in value of 90% (keeping the value of the company fixed). Meanwhile, the share price has dropped from $.0005 to $.0001 representing an 80% drop. So, we're ahead! Just joking.

This blows me away. Khatib owns 500MM shares. Rittman owns a minuscule number. Who has been buying 10B shares of GTCH over the past 12 months? According to FINTEL, there are no institutional owners. The sad thing is that those 10B shares are only worth $1MM at the current share price of $.0001.