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Global Tech Ind Group – GTII OTC
Massive short covering drove these shares from $1.00 to $4.50 in 5 days .
The shares have since consolidated and created a buying opportunity .
Traders should watch for a resurgence in price and volume and jump aboard this train for the ride. We would place a $7.50 target price on these shares as momentum powers these shares upward .
Global Tech Industries Group, Inc. Announces Update Regarding Tokenization and Dividend of Picasso Engraved Etching
New York, NY, May 04, 2021 (GLOBE NEWSWIRE) — Global Tech Industries Group, Inc. (OTCQB: GTII) (“GTII” or the “Company”), www.gtii-us.com , a Nevada corporation, announced today an update regarding its recently acquired Picasso engraved etching.
As previously announced, the original Picasso acquired by the Company to form part of its planned digital fine arts and collectibles platform is entitled ‘Quatre femmes nues et tete sculptee’ and was executed in 1934 on Montval laid paper and published by A. Vollard, Paris, in 1939 (the “Picasso Etching”).
The Company intends to tokenize the Picasso Etching and is evaluating the process for issuing to its shareholders pro-rata fractional interests in the tokenized Picasso Etching that would trade on a blockchain-based Alternative Trading System (”ATS”), which the Company plans to develop with Alt 5 Sigma once the ATS has completed the required regulatory filings. It is anticipated that fractional interests in the tokenized Picasso Etching would be held only in accounts with broker-dealers who subscribe to the Company’s ATS, which would initially include Wynston Hill Capital, LLC, a FINRA member broker-dealer.
David Reichman, GTII’s Chairman , stated, “With the Company attempting to deepen its relationship with Alt 5 Sigma to include an ATS and a FINRA member broker-dealer, it makes sense that we would seek to have our first digital fine arts piece exclusive to our ATS where trades of the tokenized fractional interests can be settled in a secure and timely manner,”.
About Global Tech Industries Group, Inc.: GTII is a publicly traded company incorporated in the state of Nevada, specializing in the pursuit of acquiring new and innovative technologies.
Please follow our company at: www.otcmarkets.com/stock/GTII
About Alt 5 Sigma Inc.: ALT 5 is a fintech company specializing in the development and deployment of digital assets trading and exchange platforms. Alt 5 was founded by financial industry specialists out of the necessity to provide the digital asset economy with security, accessibility, transparency, and compliance.
ALT 5 provides its clients the ability to buy, sell, and hold digital assets in a safe and secure environment deployed with the best practices of the financial industry. ALT 5’s products and services are available to Banks, Broker-Dealers, Funds, Family Offices, Professional Traders, Retail Traders, Digital Asset Exchanges, Digital Asset Brokers, Blockchain Developers, and Financial Information Providers.
ALT 5’s digital asset custodian services are secured by GardaWorld. GardaWorld is the world’s largest privately-owned business solutions and security services company, offering cash management services.
For more information, visit www.al t 5 s igma.com .
About Wynston Hill Capital LLC: Wynston Hill Capital is a full-service boutique investment bank that works with established companies across a diverse universe of industries. The company plans to add value to its individual clients by comprehending and focusing on the short and long-term financial and strategic goals of its clients.
For more information, visit www.wynstonhillcapital.com .
Safe Harbor Forward-Looking Statements
This press release may contain forward looking statements that are based on current expectations, forecasts, and assumptions that involve risks as well as uncertainties that could cause actual outcomes and results to differ materially from those anticipated or expected, including statements related to the amount and timing of expected revenues related to our financial performance, expected income, distributions, and future growth for upcoming quarterly and annual periods. These risks and uncertainties are further defined in filings and reports by the Company with the U.S. Securities and Exchange Commission (SEC). Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors detailed from time to time in our filings with the SEC. Among other matters, the Company may not be able to sustain growth or achieve profitability based upon many factors including but not limited to the risk that we will not be able to find and acquire businesses and assets that will enable us to become profitable. Reference is hereby made to cautionary statements set forth in the Company’s most recent SEC filings. We have incurred and will continue to incur significant expenses in our development stage, noting that there is no assurance that we will generate enough revenues to offset those costs in both the near and long term. New lines of business may expose us to additional legal and regulatory costs and unknown exposure(s), the impact of which cannot be predicted at this time.
Words such as “estimate,” “project,” “predict,” “will,” “would,” “should,” “could,” “may,” “might,” “anticipate,” “plan,” “intend,” “believe,” “expect,” “aim,” “goal,” “target,” “objective,” “likely” or similar expressions that convey the prospective nature of events or outcomes generally indicate forward-looking statements. You should not place undue reliance on these forward-looking statements, which speak only as of this press release. Unless legally required, we undertake no obligation to update, modify or withdraw any forward-looking statements, because of new information, future events or otherwise.
GLOBAL TECH INDUSTRIES GROUP, INC. EXECUTES NON-BINDING LETTER OF INTENT TO EXPAND PARTNERSHIP WITH ALT 5 SIGMA TO LAUNCH A REGISTERED ALTERNATIVE TRADING SYSTEM (“ATS”)
New York, NY, May 03, 2021 (GLOBE NEWSWIRE) — Global Tech Industries Group, Inc. (OTCQB: GTII) (“GTII” or the “Company”), www.gtii-us.com , a Nevada corporation, is pleased to announce that it is furthering its endeavors with ALT 5 Sigma Inc., to launch a Registered Alternative Trading System (“ATS”).
According to the Company, GTII plans to acquire a controlling interest in Alt 5’s Beyond Markets project, which includes the ALT 5 licensed trading platform, order management, order matching and complete suite of front-to-back-office applications and FIX protocol API. The Company also intends to acquire a membership interest in Wynston Hill Capital LLC, a New York based FINRA Member Broker Dealer, as well as an equity stake in Wynston Hill Ventures Inc.
David Reichman, Chairman of GTII, stated, “The registration of Beyond Markets as an ATS could enable the Company to launch a blockchain-powered securities trading platform, similar to Overstock’s T-Zero. The accelerated evolution of financial markets globally and our focus on deploying blockchain-powered solutions to solve trading, clearing and settlement issues in trading securities may contribute to sustainable value creation for all of our stakeholders.”
A bout Global Tech Industries Group, Inc.: GTII, a publicly traded Company incorporated in the state of Nevada, specializing in the pursuit of acquiring new and innovative technologies.
Please follow our Company at: www.otcmarkets.com/stock/GTII
About Alt 5 Sigma Inc.: ALT 5 is a fintech company specializing in the development and deployment of digital assets trading and exchange platforms. Alt 5 was founded by financial industry specialists out of the necessity to provide the digital asset economy with security, accessibility, transparency, and compliance.
ALT 5 provides its clients the ability to buy, sell, and hold digital assets in a safe and secure environment deployed with the best practices of the financial industry. ALT 5’s products and services are available to Banks, Broker-Dealers, Funds, Family Offices, Professional Traders, Retail Traders, Digital Asset Exchanges, Digital Asset Brokers, Blockchain Developers, and Financial Information Providers.
ALT 5’s digital asset custodian services are secured by GardaWorld. GardaWorld is the world’s largest privately-owned business solutions and security services company, offering cash management services.
For more information, visit www.al t 5 s igma.com .
About Wynston Hill Capital LLC : Wynston Hill Capital is a full-service boutique investment bank that works with established companies across a diverse universe of industries. The company plans to add value to its individual clients by comprehending and focusing on the short and long-term financial and strategic goals of its clients.
For more information, visit www.wynstonhillcapital.com .
About Wynston Hill Ventures Inc.: Wynston Hill Ventures is a global advisory firm which specializes in the financing of emerging growth companies. Wynston Hill Ventures’ advisory and consulting services assist companies throughout their development from seed to IPO. The Company works closely with FINRA registered investment banks, including but not limited to Wynston Hill Capital LLC, to fulfill offering placements and underwriting.
For more information, visit https://wynstonhillventures.com .
GLOBAL TECH INDUSTRIES GROUP, INC. Announces Update Regarding Warrant Distribution
New York, April 01, 2021 (GLOBE NEWSWIRE) — ( GTII : OTCQB) Global Tech Industries Group, Inc. (“ GTII ” or “The Company”), www.gtii-us.com announced today an update regarding its previously announced warrant distribution (the “Warrant Distribution”). Since its last announcement regarding the Warrant Distribution, the Company has received several inquiries from shareholders, questioning the manner in which the Warrants will be distributed to the shareholders, so it is making this release in an attempt to respond to those inquiries.
As a reminder, the general terms of the Warrant Distribution provide that the Company’s shareholders of record as of the close of trading on April 1, 2021, the record date for the Warrant Distribution, will receive 0.10 of a Warrant for each share of the Company’s common stock held as of the record date. Fractional Warrants will not be issued. Instead, if any fractional Warrant would otherwise be required to be issued, the relevant Warrant holder will receive a number of Warrants that shall be rounded up (if the number is .5 or above) or down (if the number is less than .5) to the nearest whole number. The current payment date for the Warrant Distribution is April 8, 2021. Each full Warrant will represent the right to purchase one share of common stock for cash at an exercise price of $2.75 per share. The Warrants may be exercised on any business day prior to 5:00 p.m., New York City time, on April 8, 2023.
As the Warrants are not DTC eligible, they will be processed by the Company’s transfer agent as follows:
Inquiries from shareholders or Participants regarding the Warrant Distribution can be directed as follows:If you hold your common stock shares in “Street Name” through banks, brokers or other Depository Trust Company (“DTC”) participants (“Participants”), the transfer agent will allocate Warrants to each Participant based upon their DTC position in the Company’s common stock as of the record date, which Warrants shall be issued via book-entry in the name of each Participant for the benefit of their respective beneficial holders. It shall be the responsibility of each Participant to ensure that each of their beneficial owners are properly allocated the appropriate number of Warrants from each Participants’ Warrant allocation from the transfer agent.
If you are a registered shareholder of the Company and hold your common stock shares, as of the record date, in certificate or book-entry form through the transfer agent you need not do anything to receive your Warrants, as the transfer agent will automatically issue your Warrants directly to your transfer agent account via book-entry.
If you hold your common stock shares in “Street Name” and your Warrants have been allocated to your account by your broker, you nevertheless maintain the right to move your Warrants, at any time, to direct registration with the Company by making such request directly to your broker. Upon making such request, the transfer agent will remove your Warrants from your broker’s “Street Name” Warrant allocation, and you will be issued a book-entry account statement from the transfer agent reflecting your Warrant position registered directly with the Company.
Safe Harbor Forward-Looking Statements :
This press release may contain forward looking statements that are based on current expectations, forecasts, and assumptions that involve risks as well as uncertainties that could cause actual outcomes and results to differ materially from those anticipated or expected, including statements related to the amount and timing of expected revenues related to our financial performance, expected income, distributions, and future growth for upcoming quarterly and annual periods. These risks and uncertainties are further defined in filings and reports by the Company with the U.S. Securities and Exchange Commission (SEC). Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to a number of factors detailed from time to time in our filings with the SEC. Among other matters, the Company may not be able to sustain growth or achieve profitability based upon many factors including but not limited to the risk that we will not be able to find and acquire businesses and assets that will enable us to become profitable. Reference is hereby made to cautionary statements set forth in the Company’s most recent SEC filings. We have incurred and will continue to incur significant expenses in our development stage, noting that there is no assurance that we will generate enough revenues to offset those costs in both the near and long term. New lines of business may expose us to additional legal and regulatory costs and unknown exposure(s), the impact of which cannot be predicted at this time.
Neither PSN nor its owners, members, officers, directors, partners, consultants, nor anyone involved in the publication of this website, is a registered investment adviser or broker-dealer or associated person with a registered investment adviser or broker-dealer and none of the foregoing make any recommendation that the purchase or sale of securities of any company profiled in the PSN website is suitable or advisable for any person or that an investment or transaction in such securities will be profitable. The information contained in the PSN website is not intended to be, and shall not constitute, an offer to sell nor the solicitation of any offer to buy any security. The information presented in the PSN website is provided for informational purposes only and is not to be treated as advice or a recommendation to make any specific investment. Please consult with an independent investment adviser and qualified investment professional before making an investment decision. Writer owned 5000 shares shares. of this stock . Writer has been promised $500 bu a shareholder