Global Tech Industries Group (GTII): A Deep Dive into the Squeeze Potential

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    Global Tech Industries Group (GTII) is a company that has piqued the interest of investors looking to squeeze the potential of its stock. Investors in the company eagerly await news of a possible catalyst that could trigger the squeeze as an SEC ruling looms, the acquisition of 1-800 Lawyer nears, and the prospect of a dividend approaches, coupled with an ongoing lawsuit and a dual listing on Upstream, these critical developments may conspire to create a perfect storm that could force short sellers to scramble to cover their positions, potentially triggering a dramatic surge in the stock's value.

    Let's get clear on what a squeeze really means before we proceed. A squeeze arises when traders who have shorted a stock, i.e., borrowed shares of a company's stock and sold them with the intention of repurchasing them at a lower price, are compelled to buy back those shares to offset their position, pushing the stock price upward. This may happen when there is a considerable short interest in a stock, and traders who have shorted the stock are feeling the heat to offset their position.

    As of March 23, 2023, the official short interest in GTII is pegged at 38.2 million shares, constituting around 22% of the company's float. This indicates a notable potential for a short squeeze should the stock price soar. Nevertheless, it's important to note that insiders estimate the number of shares sold short to be somewhere North of 300,000,000, which is significant and worth keeping a close eye on.

GTII Stock

   GTII, or Global Tech Industries Group, is a company that invests in emerging technologies and disruptive businesses with the goal of transforming entire industries. The company's portfolio includes investments in fintech, healthtech, e-commerce, and other sectors that are driving innovation and progress. GTII provides these businesses with resources, funding, and expertise to help them succeed and transform the industries they operate in.

    GTII's investment portfolio includes companies operating in various sectors such as cryptocurrency mining, renewable energy, and financial technology. For instance, the company has made strategic investments in a cryptocurrency mining operation located in Quebec, Canada, and a renewable energy project situated in California. Additionally, GTII has invested in companies that are focused on financial technology, such as a blockchain-based peer-to-peer lending platform.

Pending Judgment from the SEC

    The National Securities Clearing Corporation (NSCC) backtesting target is a measure of risk that determines whether a member's trading strategy poses a threat to the NSCC's clearing fund. The clearing fund is a reserve of funds that the NSCC uses to cover losses resulting from a member's default. The NSCC backtesting target aims to ensure that a member's trading strategy does not present an excessive risk to the clearing fund. In the event that a member's trading strategy exceeds the NSCC backtesting target, the member may be required to scale back their trading activity or provide additional collateral to cover the potential risk. The backtesting process serves to protect the NSCC's clearing fund from the risk of a member's default.

    In September 2022, the NSCC informed Alpine Securities Corporation that it had observed deficiencies in their trading activity causing Alpine to fall below the backtesting target. The NSCC attributed these deficiencies to Alpine's "net short portfolios, with the top driver being a concentrated short position in GTII." Consequently, Alpine filed a motion to stay the Backtesting Charge of $2,154,101.32 that the NSCC intended to assess on Alpine effective November 1, 2022.

    Alpine argues that a failure to grant the stay will result in irreparable harm because it lacks the necessary capital to pay the Backtesting Charge, in addition to other charges to which it is subject. However, NSCC responds by stating that Alpine's CEO had earlier told an NSCC official that financing the charge would not be an issue for Alpine. Nonetheless, Alpine subsequently determined that it lacked the required capital.

    According to Alpine, if it is unable to meet the Backtesting Charge, the NSCC will impose it against Alpine's current deposit and deprive Alpine of the ability to pay amounts necessary to clear trades for its customers. Furthermore, Alpine claims that if it cannot process trades for its customers, it will go out of business.

    On February 2nd, 2023, a significant development occurred in the Alpine Securities case as Jonathan D Bletzacker withdrew as the defense's council. Bletzacker's withdrawal is equally puzzling, and there are more questions than answers about the reasons behind it. Though no reason was given, lawyers can withdraw based on the fact their client refuses to be truthful, refuses to follow the attorney's advice, demands to pursue an unethical course of action, demands unrealistic results, desires to mislead the Court, refuses to cooperate with their counsel as well as countless other reasons.

    The motion to stay was initially denied by the SEC, but it was later extended for 30 days. The final ruling from the SEC, expected on March 29, 2023, could significantly impact the squeeze potential of GTII's stock, making it a critical factor to watch

Impending Acquisition of 1-800 Lawyer

    Global Tech Industries' acquisition of 1-800 Lawyer is a refreshing sign of competition and innovation in the legal industry. For too long, the legal system has been dominated by a small group of powerful and established players, stifling any real progress or improvement. This merger, however, could disrupt this stagnant status quo and bring about new, more accessible legal services for consumers. Global Tech Industries' technological prowess combined with 1-800 Lawyer's legal expertise could lead to groundbreaking solutions for longstanding legal issues, benefiting everyone involved, this acquisition has the potential to bring about real change and progress in the legal industry and 1-800-LAWYER is a well-established legal services provider that has been serving clients across the United States for more than three decades.

    Global Tech Industries' acquisition of 1-800 Lawyer is a savvy business move that could have significant income potential. With the legal industry being one of the last major industries to undergo technological disruption, there is an enormous market for innovative solutions that can bring greater efficiency and cost savings to legal services. This acquisition has the potential to create a formidable force in the legal industry and capture a substantial share of this lucrative market. It's hard to deny the financial potential of this strategic business move.

    Overall, the impending acquisition of 1-800-LAWYER could have a significant impact on the legal and financial industries. By bringing together two well-established companies with complementary expertise, the merger has the potential to create a powerful new player in the market. As both companies move forward with this exciting new development, it will be interesting to see how they leverage their respective strengths to create value for their customers and shareholders.

Upcoming Dividend

    When a company issues a dividend, it creates a potential nightmare scenario for investors holding naked short shares. These shares, which are sold without actually being borrowed or owned by the seller, are often used to manipulate stock prices and defraud investors. When a dividend is issued, it requires the delivery of the actual shares, which can expose naked short sellers and cause a spike in the stock price as they scramble to cover their positions.     

    In a move that may pique the interest of investors, GTII has declared a stock dividend that entitles shareholders to receive one additional share for every 10 shares of the company they own. If a shareholder owns the stock by March 31, 2023 - the designated record date - they will be eligible to claim the dividend.

   If an investor is caught holding illegal short shares of GTII when the company issues the dividend, they're in for a world of hurt. Not only will they have to fork over the dividend to the real owner of the shares, but they could also face legal action, potentially resulting in severe penalties and financial damages. The investor's brokerage firm could also take action to recover the dividend, which could mean the loss of assets and funds from the investor's account.

Ongoing Lawsuit

    GTII and Wes Christian have filed a lawsuit against multiple entities, including Canaccord Genuity LLC, Credit Suisse Securities (USA) LLC, Instinet LLC, Lime Trading Corporation, and GTS, LLC, alleging illegal naked short selling that manipulated the price of GTII's stock. The complaint, filed in the United States District Court in the Southern District of New York, alleges that spoofing was used to place fake orders to buy or sell shares, tricking other investors into buying or selling at a certain price, resulting in a significant number of shares being sold at artificially depressed prices. This illegal behavior could potentially create a situation where there is a shortage of shares available for purchase, causing the price to rise sharply and leading to a squeeze. David Reichman, CEO of the Company, stated, "This action is another step in GTII's efforts to protect the Company and its shareholders from continued market manipulation."

Dual Listing on Upstream

    GTII recently made headlines by announcing its plans to list on Upstream, a blockchain-based stock exchange. This move has the potential to increase the visibility and demand for GTII's stock, thereby contributing to the potential for a short squeeze.

    Dual listings, such as this, can offer a number of advantages for a company, including greater access to investors and improved liquidity. Moreover, listing on a blockchain-based exchange can enhance transparency and oversight, making it more difficult for short-sellers to engage in manipulative practices such as naked short selling.

    The blockchain's transparent nature can also make it easier for investors to identify situations where short positions exceed available shares. In such cases, short sellers may be forced to cover their positions quickly, further exacerbating the squeeze. Overall, GTII's dual listing and dividend issuance on a blockchain-based exchange have the potential to significantly impact the stock's squeeze potential.