Replies to post #26863 on Global Tech Ltd (GTLL)

[Sheepdog]

After Wayne converts and the Reverse split, existing street shareholders will be pretty much wiped out....

....But Wayne will do great....as is always the case when Wayne negotiates with Wayne on behalf of the shareholders.

[Sheepdog]

Looks like Wayne will be a 25% owner of Tersus. Following the format of his last similar "deals", he keeps a portion for the "existing shareholders", then after 6 months reissues them to himself for "Back pay" due, leaving the existing shareholders with nothing but their one for 4,000 diluted shares that have dropped back down to pennies.

A fairly quick trip to 99% losses on top of losses already incurred.