Replies to post #17127 on GBT Technologies Inc (GTCH)

[gail]

just going on what they said, but ok.

[canthelpit]

GBT TECHNOLOGIES GTCH read to the bottom 3rd extension
WEST HOLLYWOOD, May 12, 2023 (GLOBE NEWSWIRE via COMTEX) -- WEST HOLLYWOOD, Calif., May 12, 2023 (GLOBE NEWSWIRE) -- Bannix Acquisition Corp. ("Bannix") announced today that its board of directors (the "Board") has decided to extend the date by which Bannix must consummate an initial business combination (the "Deadline Date") from May 14, 2023 for an additional month, to June 14, 2023.

As previously disclosed, at a special meeting of its stockholders held on March 8, 2023, Bannix' stockholders voted in favor of a proposal to amend Bannix's Amended and Restated Certificate of Incorporation (as amended, the "Amended Charter") to provide Bannix with the right to extend the Deadline Date up to 12 times for an additional one month each time (the "Extension"), from May 14, 2023 to up to June 14, 2024. On March 9, 2023, Bannix filed the Amended Charter with the Secretary of State of the State of Delaware.

Also as previously announced, if an Extension is implemented, the sponsor of Bannix, Instant Fame LLC (the "Sponsor"), or its designees will deposit into the trust account, as a loan, the lesser of (x) $75,000 and (y) $0.07 for each share that is not redeemed in connection with the special meeting.

On May 12, 2023, the Board, at the request of the Sponsor, decided to implement a third Extension and to extend the Deadline Date for an additional month to June 14, 2023.
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Further, on May 3rd and 4th, 2023, Bannix began its due diligence on EVIE Autonomous Automotive Ltd. (https://evieautonomous.com/) ("EVIE") as required by the timeline set in the binding Letter of Intent. Bannix' team, headed by CEO and co-Chairman Douglas Davis, met with the EVIE team headed by founder and CEO Steven Lake, in EVIE's headquarters in Stoke-on-Trent, UK, for a two-day session starting the due diligence process.

[Truenorth2016]

On March 14, 2023, there was a Prior Business Deal / Extension Going On Before The EVIE ?BNIX/GTCH deal hit the wires April 16, 2023. This is the extension they are talking about......and it has nothing to do with the info you are sharing.....this is something totally different that requires an extension to June 14th, not the EVIE/BNIX/ GTCH deal....
https://ih.advfn.com/stock-market/NASDAQ/bannix-acquisition-BNIX/stock-news/90497349/bannix-acquisition-corp-announces-monthly-extensi

[bucks2pennies]

Pretty obvious. Timelines are set as a planning device - a milestone to adhere to. Understand also that, IMO, talk/meetings on the subject occurred prior to ANY public announcement. Timelines are NOT set in concrete.

I am at ease to consider what is in store for GTCH. Time to accomplish is just another PITA I have to deal with.