GBT Technologies Inc (GTCH)

[bucks2pennies]

Can and OB, could it be paperwork overload due to "a sale in progress"? Yes, I am concerned about SEC submissions being late consistently now due to the fact OB points out... when Management wants to sell and get the BEST price, reporting MUST be squeaky clean and SS has to as well. In both of those cases, neither apply to GTCH.

IMO, I think the management underestimated the time it would take to sell GTCH and its patent assets. Sluffed off a bit on doing the government's blasted paperwork because it would "soon" all be the buyer's problem. It has NOT been soon. In fact, my biggest concern is, as a result of there being no news on the sale results, that their patents are TOO CUTTING EDGE requiring too much $$ to bring into the production phase, too complex to oversee and requires any existing chip manufacture nightmares in retooling their operations OR simply that GTCH no longer IS cutting edge because other AI facilities have undercut GTCH's previous edge of being faster or more efficient in cutting manufacturing expense...thus creating more profit for a buying entity.

I prefer to think that a BIG buyer stepped forward back in December 2023 and it is ONLY legalese that is dragging the formal contract from being announced. In this case, the FIRM commitment from the buyer MAY have allowed them to gain access to GTCH's technology and they have had the last 6 months to implement necessary operational changes to move forward very quickly once the formal announcement is made (sooner than later, I hope).

Otherwise, GTCH SHs may be facing the Grim Reaper more likely than any of us would care to think.