GenTech Holdings Inc (CE) (GTEH) ニュース

Sad but true. OTC is the Wild West.

Just shows that a person can get away with just about anything in the OTC.

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.

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 “Nature Spoon LLC” from “Sara Zolfaghari”, 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 “American Metabolix, Inc.” from “Torque Lifestyle Brands, Inc.”
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.

They've sold Sinfit back in 2022 stating:

"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."

And they are currently being sued again by East Capital Investment Corp. for not paying up.

ECIC Lawsuit

In Canada, it seems. Although their product line is much more limited than it used to be. Try the contact link on their website to ask them what's going on with them as a public company. It would appear that they've maybe abandoned it in order to be private.

https://sinfitnutrition.com/pages/about-us

are they still in business these guys ?

LOL, yeah I noticed that. It's a shame they didn't do more with their brand. Low/zero calorie products are highly marketable, but there is no way I'm paying $11 for just 6 servings of pancake syrup. Granted, when you buy higher quantities, a discount is applied.

But it doesn't work very well. There are only two products available according to their "Shop" link. All the others are "Coming Soon".

But if you choose one of the two available products and proceed to checkout, there are a few other products that they show you that you might be interested in buying.

SINFIT website still works. Other than that, nothing has changed for good ol' $GTEH.

Of course, that's only good if the ticker starts trading again, whether with the current management or through a R/M. But if Finra delists it, then it's gone along with any value it had. Not that there's any great monetary loss in stock picked up at $.000001. I wonder how many nice paydays MMs have in these situations.

They have a severe advantage trading in the quintuple zero range.

its MMs buying up shares for almost free

It's only at the lowest retail price in can be at after dropping to a price only an MM can pick up discarded shares at.

😳… green?

LOVATT is hiding out in SAINT Augustine Florida also no product none anywhere cant sell cant buy and
the SEC just left him leave after he diluted about 12 million dollars worth of shares in about 18 months
SO who gonna revive this ??? certainly not DAVID LOVATT

It was merely 4M+, so not much volume. Just a couple bucks at these levels.

Retail can't buy at the 6th digit. Only MMs can pick up shares at that level, so why do you think there was a pick-up in volume?

Why the pick up in volume?

Unless someone takes over this ticker in a R/M, I don't see a lot of hope that this will do anything. It seems from all the evidence that Lovatt and Armenta have gone out of business.

I just did a search for their address and pulled this up.

https://images1.loopnet.com/d2/blXIWZqMpxWbHOnbBann6n7GmXxQ6ZQpi47WfBFH884/WheatrideBizCtr11427Wi70.pdf

SUITES AVAILABLE: 11427 — 6,450 SF

You could even call the brokers listed at the bottom of the page and ask what happened to their last tenant.

You are right in every respect (other than me not trading)… let’s see if something starts a spark

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?

Looking at the 5 year chart… GTEH last green peak was @.471 on 6/17/19… therefore, 6/17/24 could possibly be the catalyst for a turnaround in this stocks performance… let’s see

Which is what?

And why in a few days?

What are you referring to?

We are just a few days away of what I’ve been waiting for to unfold…

Fizzique was arguably the best chance $GTEH had recently to rise from the ashes. Oh well.

The only thing I see is that the reseller for Walmart's Fizzique brand is no longer showing up.

Just checking in. I'm guessing nothing has changed.

I don't know how appropriate the word "trading" is here. The last retail transaction was back in May of last year. At least, by Finra not delisting the ticker it allows those who want to dump their stock for tax loss purposes. It's too early for them to do that anyway. People can still hope Lovatt breaks silence and gets the company moving again. Assuming of course that there is still a public company here and product is being sold. These are questions shareholders shouldn't have.

Why the SEC allows a situation like this is beyond me.

Somehow this goofy stock is still trading.

I think it's a matter of what the SEC allows MMs to do for these crappy tickers to allow them to even keep trading. After all, if the ticker gets delisted by Finra, the shares they pick up at the 5th and 6th digit are worthless. And if people want to take the tax loss, the only buyer is an MM since no one is interested in buying at $.0001.

Do you actually see quotes at $.00001 or $.000001 anywhere?

Not that I have the background in finance to understand it, but I don’t understand how it’s legal for anyone to be quoting to 5 and 6 digits in public traded stocks when retail cannot participate in such trades directly.

That's actually been the norm for the past 11 months.

The SIXTH digit today…

Unreal

Odd that it traded at the fifth digit. Still can't find a retail buyer at $.0001, though.

And we'll not mention that to get it to $.00001 it took a 3 cent trade. 🙄

GREEN…

YEP YOUR RIGHT LOVATT AN CANNOUSE
as I say these company's seem to attract crooks as CEOs they get rid of one crook and another takes their place

Nah. Given Schwab's order size limit and associated fees for OTC transactions, I'd lose more money by liquidating rather than letting those shares rot indefinitely. They can rot forever as far as I'm concerned.

that was dumped for money he owed to other douche bag, Canouse,big scammers both.

call the broker and liquidate

I remember that post. It seemed strange at the time how that user came out of nowhere with such an immense amount of compiled information. It was good for me to read over that post once again. Thanks for providing the link.

DAVID LOVATT an his partner fat bastard owned a lot of common shares plus 7 million other shares ??? but paperwork at at canousses company say they were deleted and its a nutrition company like $GTEH and I believe Lovatt was involved in but I see lots of stuff has been deleted ????

No, he isn't. That along with another is in his past. It seems this guy was someone shareholders should have paid attention to. He only made 16 posts but they provided insight and possibly a reason why this ticker has gone silent.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=171719832&txt2find=pdpg

What is Lovatt's association with that company? Apparently, he isn't the CEO of that one.

I see that $PDPG Lovatts other old company is active ??? I checked couldn't find Lovatts name any where except cancellation of his shares I watching for this crook to pop up again soon

Schwab may make you wait until Finra makes it an "fka" ticker. That could take years if Lovatt abandons it.

I'm honestly not sure how that works. My $GTEH shares still remain in my Schwab account... I just checked and I can't sell them even if I wanted to. At this point, I've dug my heels in... those MFing shares can stay in my account for all of eternity as a solemn reminder to conduct better DD next time. Expensive lesson, but a lesson learned nonetheless.

Although, it may be a little early to do that, in case the stock does move up on a R/M event or some other news. You never know with these types of stocks.

Will your broker dump your shares out of your account? That's what all those $.000001 trades are.

This was pulled from the IRS website.

Question
I own stock that became worthless last year. Is this a bad debt? How do I report my loss?

Answer
If you own securities, including stocks, and they become totally worthless, you have a capital loss but not a deduction for bad debt. Worthless securities also include securities that you abandon. To abandon a security, you must permanently surrender and relinquish all rights in the security and receive no consideration in exchange for it.

Treat worthless securities as though they were capital assets sold or exchanged on the last day of the tax year.
You must determine the holding period to determine if the capital loss is short term (one year or less) or long term (more than one year).
Report worthless securities on Part I or Part II of Form 8949, and use the appropriate code (see the Instructions for Form 8949) for worthless security deduction in the applicable column of Form 8949.