There appears to be lots of debt conversions selling and unfortunately there appears to be more to come given what the GTVH detailed in their X post on May 6.
The positive spin here is that this significant debt conversions selling is not infinite and it is being done at the lowest price possible. It's better having this selling here and get it out of the way now as opposed to having the GTVH's stock run to decent prices and then collapse out of nowhere with another batch of crazy selling.
"Rip off the Band-Aid" now and get this selling out of the way in order to have cleaner market going up.
"Listed below is the breakdown of what the additional 8 billion shares will be going to:
•3 billion shares for the closure of one lawsuit
•2 billion shares for legal fees incurred
•2 billion shares for legacy debt
•1 billion shares for the potential closure of the other remaining lawsuit
Also, to reiterate a comment we made yesterday, there will be no new notes, and we are working with our current note holder to resolve these issues and retire the note by December 2026."
IMO.
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