GTCH's quarterly filing (10-Q) for the first quarter of 2024 is due on May 15th. GTCH nowadays seems to claim "inability to file on time " for each required filing, so look for the filing toward the end of May. With all the annual 2023 stuff washed out of the report (that made the annual 10-K so hard to wade through regarding current status), we might actually learn a bit about what is going on. First, does GBT Tokenize, of which GTCH is a 50% owner, hold 13,000,000 shares of AVAI or not? If so, those shares are beyond the lock-up period and can be sold over time, though not quickly dumped. Sale proceeds could be used to pay down holder of super-uber-toxic IGOR Note, if GTCH gave a rat's @ss about shareholders (and its own continuing viability).
Second, does GTCH monitor whether the holder of the IGOR Note ever holds more than 5% of the common shares of the company (which would be a default by the holder of the IGOR Note, and an SEC violation unless the holdings were reported). Given how the note holder has abused the company and its retail shareholders---pulling down and dumping over 6,000,000,000,000 shares in 2023 alone--you would think this would be a concern of decent management. Don't want to get your hopes up--the 10-Q will be silent on this regard. This question is extremely "material" to me, as it goes to the heart of the issue of downwards manipulation of GTCH's share price, but it is probably considered immaterial to GTCH's management and auditors!
At this point, just be glad that GTCH's auditors aren't BF Borgers, the auditors for Trump Social. Check the news today.
