Global Tech Industries Group ($GTII) describes itself as “a publicly traded Company incorporated in the state of Nevada, specialising in the pursuit of acquiring new and innovative technologies”. In reality it’s a borderline fraudulent, pump and dump shitco with no revenues, no operations and negative book value, yet somehow trades at a $270m market cap. Followers of the meme stock world would note that it has traded at a stupid market cap for a while, and hasn’t collapsed to the extent of many other smaller meme stocks like BBIG and ALPP. However I believe there to be significant short term catalysts through share issuances and inside selling that make this the optimal time to open a short position. I’m going to be covering some of the background of the stock more for entertainment value than laying out a short case as the worthlessness of the company should be apparent with one look at the financials.
Short GTII: Hot Air
Short GTII: Hot Air
Short GTII: Hot Air
Global Tech Industries Group ($GTII) describes itself as “a publicly traded Company incorporated in the state of Nevada, specialising in the pursuit of acquiring new and innovative technologies”. In reality it’s a borderline fraudulent, pump and dump shitco with no revenues, no operations and negative book value, yet somehow trades at a $270m market cap. Followers of the meme stock world would note that it has traded at a stupid market cap for a while, and hasn’t collapsed to the extent of many other smaller meme stocks like BBIG and ALPP. However I believe there to be significant short term catalysts through share issuances and inside selling that make this the optimal time to open a short position. I’m going to be covering some of the background of the stock more for entertainment value than laying out a short case as the worthlessness of the company should be apparent with one look at the financials.