Global Tech Industries Group, INC
Market Movers (8-K)
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Global Tech Industries Group, Inc. has filed a comprehensive status report detailing the company's status, investigation findings, asset marshaling, and a going-forward plan for concluding receivership.
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Global Tech Industries Group, Inc. has filed its Receiver's Seventh Interim Report detailing ongoing investigations into misappropriated funds, accounting status, and auditor resignation.
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GTII Receivership Estate has acquired two convertible promissory notes from AURI, Inc., triggering conversion into a significant portion of AURI's authorized shares and raising disclosure concerns.
Worse than expected
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Global Tech Industries Group, Inc. reports the immediate resignation of its independent auditor, Barton CPA PLLC, amid ongoing court-ordered receivership.
Delay expected
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Global Tech Industries Group, Inc. announced court approval of a settlement with former President Kathy Griffin and a default judgment against Astra Energy, Inc., both under its ongoing receivership.
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Global Tech Industries Group, Inc. has divested its Gold Transaction International, Inc. subsidiary as directed by its court-appointed Receiver.
Worse than expected
Annual Reports (10-K)
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Global Tech Industries Group (GTII) reported a substantial net loss of $97.9 million for 2023, primarily due to a significant increase in stock-based compensation and an impairment of a gold license.
Delay expected
Capital raise
Worse than expected
Insider Trading (Form 4)
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Afshin Luke Rahbari, COO of Global Tech Industries Group, acquires 8 million shares of common stock as part of his employment agreement.
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Frank Benintendo, a Director and Secretary of Global Tech Industries Group, canceled 3,323,565 shares of the company's common stock on June 11, 2024, according to a recent SEC filing.
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David Reichman, CEO of Global Tech Industries Group, cancels 21,288,187 shares of the company's common stock.
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Director Don Harold Gilbert cancels 3,416,114 shares of Global Tech Industries Group, Inc. common stock.
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Kathy Griffin, President of Global Tech Industries Group, cancels 8,432,848 shares of common stock pursuant to a Stock Cancellation Agreement.
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Donald Harold Gilbert, a director at Global Tech Industries Group, sold 7,666 shares of common stock at $0.1505 per share on May 15, 2024, under a pre-arranged 10b5-1 trading plan.