Replies to post #58338 on GenTech Holdings Inc (GTEH)

[SmellMyFinger]

I couldn't agree more. I've been invested in this company only since early 2021 and started to grow increasingly skeptical since following Lovatt's Twitter feed the past year. He still actively posts and retweets about political ideology but never provides updates about the company. I would even take a confirmation of ill intent from him over all of this silence and uncertainty.

[Cl5Pascal2671]

@Slojab, You're right that the past matters. Unfortunately, a lot of context will get lost in the mix as time goes on. Lovatt's GTEH is a great offender of posting fluff.

There was one thing that I didn't catch until much later. Hindsight I guess.

The last big push, or B.S. fluff, was using the Walmart Open call competition.
Walmart Open Call 2022


That Walmart tweet was in June 2022.

However, RJ Runowski, the V.P. that was brought on to bring GTEH to new heights, left a month earlier, in May 2022.
RJ Runowski's Linkedin

Two things to consider with the Walmart Open Call.
One, GTEH/Fizzique wouldn't be able to handle supply for Walmart. They couldn't even produce 2million cans like they've boasted by December 2021.
Two, Your V.P. left the company before a big "possible" deal? Yeah, you take another month, another chance if there ever was one.

With no further update about Walmart's Open Call, Lovatt dropped the ball and announced the inevitable Reverse Split.

In a tweet ending the year of 2021, he says:
NO REVERSE SUBMITTED OR PLANNED

When asked about this when he announced the Reverse split, he says:
You don't plan a reverse months in advance. I DID NOT PLAN TO REVERSE THE STOCK

But did he really not plan it? I mean, again, this was his second time attempting to do a 500:1 Reverse Split, as we were able to see it in 2020. Except, second R/S took about 6 times as long to announce cancellation than the first.500:1 R/S 2020

This Walmart Open call event was a smoke & mirror to set off a domino effect for Lovatt & Armenta. After June 2022, PDPG & TQLB were then both sold, Sinfit & American Metabolix were both flipped for cash, and most of the Supplement Group USA which served TQLB/GTEH, left the team.

In TQLB/PDPG Lovatt & Armenta held common shares, whereas in GTEH they own 0 common shares. Perhaps that was why they were able to unload TQLB/PDPG while being stuck with the only option to reverse split GTEH. To create more shares to sell to toxic lenders. The other way to make money was through paying themselves $50k/month through Supplement Group Europe but demand for GTEH's products are low. No products sold means no funneling of $50k/mo to themselves.

No matter what angle you look at any of the deals/tweets/filings made through Lovatt, it just ridiculous. One example of many ... selling American Metabolix from TQLB to GTEH for $1.3M only to have it sold for another 155k. Where did all that money and value gone? Shareholders never saw a cent of that.