Slojab
2 weeks ago
It may take a day or two for them to respond, if they're going to. Of course, they may ignore any emails that are asking about the company as opposed to their products. If they've gone private, they may be doing okay enough to still be operating. Unless they go bankrupt.
Of course, they could always decide to do a R/S and put out some news to generate enough interest to sell stock to raise cash.
Then, go quiet again.
Slojab
3 weeks ago
I can't see that the introduction of OTCID will have any impact on GTEH. Hell, they can't even manage to meet the requirements they have now which is why they're on the Expert Market to begin with.
Companies must meet the OTCID Rules requirements to be eligible for the OTCID Basic Market, including:
Subscribe to the OTCID - Disclosure & News Service (โDNSโ)
Provide current disclosure via DNS, the SECโs EDGAR system, or SEDAR (coming soon in 2025)
Complete an annual Management Certification or 12g3-2(b) Certification, as applicable
Maintain a Company Verified Profile on www.otcmarkets.com via OTCIQ
Provide share data through the Transfer Agent Verified Shares Program (Companies that act as their own transfer agent may submit share data directly to OTC Markets)
Cl5Pascal2671
4 months ago
Yeah, they kept the subsidiary but only sold the "brand." Same thing happened with American Metabolix, sold the "brand" (to a former Supplement Group employee) in July 2022 but still listed as one of their subsidiaries. They've also sold Storm Lifestyle to the same ex-employee over at NxGen.
When you go back to all the articles before acquistions, these brands were bringing in millions in revenues, and management dangled things like top retailers are after us, which mystery Fizzique flavor is coming next, we entered the Walmart contest, etc ... All positive news until it just vanished into thin air.
I felt that they played musical chairs within their own businesses and subsidiaries. When they've created Supplement Group Europe, they've sold all their shares in Supplement Group USA. But only S.G.USA had all of the subsidiaries underneath them while S.G. Europe got to play privately, in which S.G.USA paid $50k/mo to ... themselves and additionally into Green Light Development LLC.
Maybe S.G. USA held all the liabilities while they were able to get away with it at S.G.Europe. Before they've got rid of PDPG & TQLB, they held shares in both. Coincidentially, GTEH is the only one left standing, in which they dont hold shares in.
The whole, PDPG, TQLB & GTEH didn't make sense, either. TQLB sold American Metabolix to GTEH for one thing. Second thing, they also reported to S.G. Europe.
I don't know but if you look far back, it feels like GTEH was just paying off the last ticker, PKGM's debt.
The last thing I've could remember following was that the latest reverse split was canned by FINRA for something I can't remember. But it poses the question, how GTEH able to pull of the reverse split back in 2018?
I hope management gets held accountable. They mislead investors.
Slojab
4 months ago
Huh. There was such a lack of interest back then, that no one posted that the Q3 report had been submitted to OTC Markets. A lot of info was in that report. I don't understand that in one statement they claim they sold Sinfit at a point in time within the third quarter, and then list it as a subsidiary.
On August 29, 2022 Sinfit Nutrition, Inc. sold the brand SINFIT as it began to exit the functional food markets due to
unsustainable rises in the cost of freight and the continued, covid related, difficulties in consistently obtaining high
quality product has made this brand one of the more poor performing and low profit brands within the group.
Both companies continue to operate other, successful brands that are profitable, and a name change for each
company will occur at the end of 2022.
B. Please list any subsidiaries, parents, or affiliated companies.
SINFIT Nutrition, Inc. 100% owned and controlled subsidiary
American Metabolix, Inc. 100% owned and controlled subsidiary
Nature Spoon, LLC. 75% owned and controlled subsidiary
Then, there's this....
In July 2021, the Company acquired 75% of the equity of โNature Spoon LLCโ from โSara Zolfaghariโ, the sole member of the company,
through equity purchase agreement dated July 20, 2021 for $ 267,500 cash.
In September 2021, the Company acquired 100% of the equity of โAmerican Metabolix, Inc.โ from โTorque Lifestyle Brands, Inc.โ
through equity purchase agreement dated September 1, 2021 for $ 1,300,000
So, who knows now what is contained, if anything, within the ticker GTEH. Not that anyone cares given the current status as a dead company.
Slojab
9 months ago
Let's see now, since that date, they did a 1:70000 reverse split and they stopped reporting to OTC Markets and therefore were dropped to the Expert Market.
You can't find anywhere that Fizzique is sold so there's a question as to whether they're even still doing business. But you think that the sp as of a date 5 years ago "could possibly be the catalyst for a turnaround in this stocks performance"
db, with the utmost sincerity, I don't think you should be trading the OTC.
And not to be picky, but the sp was higher in early 2018 than it was in 6/17. So, I guess if nothing happens to the stock, you can always hope for a move 6 months from now, eh?