GBT Technologies Inc (GTCH)

[OnceBurned]

MrMyers: Once a small company starts using toxic convertible debt, it is a race against time. I still hold out hope for GTCH—because it has a real product to commercialize. But a lot of time has passed and the toxic debt holder is squeezing very hard. GTCH isn’t selling shares on its own account. It appears not to have received a penny from the 8 Billion plus shares issued in 2023; all those shares went to holders of convertible debt entered into years ago. 2024 is probably the make or break year for GTCH. I’m holding my position. If GTCH could get some cash and pay off its toxic debt, we poor retail holders might catch a break. Big “if,” of course.