Replies to post #23844 on GBT Technologies Inc (GTCH)

[marylandstockguy]

It is pretty strange that the 10-k was filed on March 31 and we’re not seeing any movement. Where do we currently stand with debt/notes? Maybe the net 20 mil just isn’t enough to offset a lot of potential dilution of the stock and/or concerns of an RS? I don’t know, but it’s very tempting to me to nibble a bit more at 1s with this news. What was the reason for the net income though? Is there a shell game going on with VisionWave? Are they performing some accounting magic? How do we know this isn’t an Enron move to project profitability?

Another possibility is the market just doesn’t trust OTCs right now?

[NoScaredMoneyHere]

I posted the same when it came out. We are invisible here and management seems to be content with that.🤷🏽‍♂️
NoScaredMoneyHere
03/31/25 6:19 PM
Post #23,782
‘Net income for the year ended December 31, 2024 was $20,675,445 compared to the net loss of $17,771,626 for the same period in 2023 due to the factors described above.’.. Again, any other company would have already released a pr pointing out this positive change, not these guys.. asleep at the wheel here. These guys are looking out for us? Geez.

[marylandstockguy]

From what I read in this article they didn’t have any revenues in 2024 and the net income came from reducing debt…

https://qz.com/gbt-technologies-inc-gtch-reports-earnings-1851773815