Replies to post #9050 on GBT Technologies Inc (GTCH)

[rudyboy]

Why Broke?

[creakyhottie]

So 20 days before they are going to want to convert, their cohorts will pressure the stock price down so that when they convert, they can convert into more shares. Typical death spiral----although limited to a 20 day period and not forever. IMO

[creakyhottie]

Also, if paying 6% interest and giving conversion privileges, why a 17% discount on the face of note. So basically it's 23% interest (for the one year).