GBT Technologies Inc (PK) (GTCH) News

Gotta be something to Visionware, at least or why haven’t parties simply walked away? The rest of the patents ? wishful thinking?🤷🏽‍♂️you maybe right

C&P... I figure that too. The GTCH doldrum is lasting a lot longer than I would have ever thought. Not there yet, but it is hard not to have the thought that GTCH is dead enter my mind. Beginning to think that the chip design and hoopla looked good on paper (sufficient to get a patent) but implementation was a pie in the sky! So damn easy to dream, its the daytime nightmares that get ya!!!

Financials are due Monday. Last year, they filed for an extension on March 29th.. this year nothing. Should be a simple copy & paste from last year’s, right?

When the shorts get out of here you will see the ask be a whole lot lower.

ZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZ LOL!

Only IF GTCH haven’t been pushed off the podium when the dust settles . I also think the finalized deal will look totally different from the original 8k or won’t it be settled already? Again, because of our lack of info from management, all we are left with are guesses, suppositions and maybes🤷🏽‍♂️

VisionWave is a proof of concept project, which if successfully commercialized, will establish GBT Tech’s credentials as a viable and sustainable technology company.
At that point, then perhaps, its entire patent portfolio can transition to commercial prospects.

My other concern is that our fates are in the hands of GTCH management whom, although seem brilliant in tech development, have yet to prove the same savvy in running a publicly traded company. Hopefully their silence means they are ultra focused in hammering out the best deal for the company and as such, for us lowly SH👌.

Yep, the old trickle down screw effect😂. Us to the bottom are usually the ones most likely to get shafted.

NSMH, YES there is value in all of Patents. The game right now is to determine what share of that value is to be distributed to ALL interrelated parties which have a legal title, in some manner, shape or form, to the value of these patents.

While there can be NO $$ value assigned to these patents at this time since revenue generation is an unknown, a % of share value can be determined via the legal means obtained by ALL interrelated parties being processed right now (only a tad of it shared via SEC submissions).

If I can be presumptive, the FINAL legal result should be forthcoming this year sometime. Yet, be advised the ONLY interrelated party NOT being represented in this legal wrangle are those of us who are retail traders and only have shares of GTCH!

While, for sure some SHs are individuals represented by legal counsel in the above wrangle, most retail types like me are the ONLY ONES that can be screwed in all of this!!!

Stockguy ,, here is the total break down from GBT 10k ,,, The post deal will be VISIONWAVE holdings == 20.47% of VisionWave Holdings post-closing read as follows . All the deals on the books listed below.............................................................................................................................................................................VISION WAVE TECH is the target and Bannix holdings a wholly owned sub of BANNIX ,,BANNIX HOLDINGS will aquire VISIONWAVE TECH and form VISIONWAVE HOLDINGS ,, very confusing as follows from GBT TECH 10Q 11/14/24
PART 1 Effective as of March 20, 2024, Tokeniz, entered into a Patent Purchase Agreement with VisionWave Technologies Inc. (“VisionWave” or “VW”) pursuant to which VisionWave agreed to acquire from Tokenize the entire right, title, and interest of certain patents and patent applications providing an intellectual property basis for a machine learning driven technology that controls radio wave transmissions, analyzes their reflections data, and constructs 2D/3D images of stationary and in motion objects (“VisionWave PPA”). The Purchase Price for the asset is $30,000,000 (the “Purchase Price”), which VisionWave will pay with shares of common stock, $0.0001 par value per share (the “Common Stock”). The Parties agree that the final Purchase Price may be adjusted and will be governed by a valuation report issued by a professional third party (“Valuation”). If the final Purchase Price per Valuation is less than $30,000,000, Tokenize has the option to cancel this Agreement. In accordance therewith, VisionWave agreed to issue and deliver to Tokenize, 1,000 shares of Common Stock (the “Shares”) representing 50% of VisionWave’s issued and outstanding shares of Common Stock, where the remainder of the 50% of VisionWave’s issued and outstanding shares of Common Stock are owned by a corporation controlled by Anat Attia. On June 4, 2024 Tokenize were issued additional 222 shares of VW for consideration of ten million Avant Technologies Inc. (“AVAI”) shares. On August 17, 2024 Tokenize, the Company. and Magic entered into agreements effective March 26, 2024 which assign the shares issued by the Company to Tokenize, 500 to GBT and 500 to Magic. Post this transaction the Company holds 500 shares and Tokenize hold 222 shares of VW. As of September 30, 2024, the Company holds 26.53% of VW’s issued and outstanding shares.
PART 2
On March 26, 2024, Bannix Acquisition Corp., a Delaware corporation (“Bannix”), entered into a Business Combination Agreement (the “Original Agreement”), by and among Bannix, VisionWave Technologies, Inc., a Nevada corporation (“Target”) and the shareholders of Target

On September 6, 2024, Bannix entered into a Merger Agreement and Plan of Reorganization (the “Merger Agreement”), by and among Bannix, VisionWave Holdings, Inc., a Delaware corporation and a direct, wholly owned subsidiary of Bannix (“VisionWave Holdings”), BNIX Merger Sub, Inc., a Delaware corporation and a direct, wholly owned subsidiary of VisionWave Holdings (“Parent Merger Sub”), BNIX VW Merger Sub, Inc., a Nevada corporation and direct, wholly owned subsidiary of VisionWave, and Target. The Merger Agreement and the transactions contemplated thereby were approved by the boards of directors of each of Bannix, VisionWave Holdings, Parent Merger Sub, Company Merger Sub, and Target.
The Mergers
Pursuant to and in accordance with the terms set forth in the Merger Agreement, (a) Parent Merger Sub will merge with and into Bannix, with Bannix continuing as the surviving entity (the “Parent Merger”), as a result of which, (i) Bannix will become a wholly owned subsidiary of VisionWave Holdings, and (ii) each issued and outstanding security of Bannix immediately prior to the effective time of the Parent Merger (the “Parent Merger Effective Time”) (other than shares of Bannix Common Stock that have been redeemed or are owned by Bannix or any of its direct or indirect subsidiaries as treasury shares and any Dissenting Parent Shares) shall no longer be outstanding and shall automatically be cancelled in exchange for the issuance to the holder thereof of a substantially equivalent security of VisionWave Holdings (other than the Parent Rights, which shall be automatically converted into shares of VisionWave Holdings), and, (b) immediately following the consummation of the Parent Merger but on the same day, Company Merger Sub will merge with and into Target, with Target continuing as the surviving entity (the “Company Merger” and, together with the Parent Merger, the “Mergers”), as a result of which, (i) Target will become a wholly owned subsidiary of VisionWave Holdings, and (ii) each issued and outstanding security of Target immediately prior to the effective time of the Company Merger (the “Company Merger Effective Time”) (other than any Cancelled Shares or Dissenting Shares) shall no longer be outstanding and shall automatically be cancelled in exchange for the issuance to the holder thereof of a substantially equivalent security of VisionWave Holdings. The Mergers and the other transactions contemplated by the Merger Agreement are hereinafter referred to as the “Business Combination.”

Subject to a six month extension the termination date by which the Company must consummate a business combination from September 14, 2024, the date that is 36 months from the closing date of the Company’s initial public offering of units, to March 14, 2025, the Business Combination is expected to close in the first quarter of 2025, subject to customary closing conditions, including the satisfaction of the minimum available cash condition, the receipt of certain governmental approvals and the required approval by the stockholders of Bannix and Target.
Consideration
Pursuant to and in accordance with the terms set forth in the Merger Agreement, at the Parent Merger Effective Time, (a) each share of Bannix common stock, par value $0.001 per share (“Bannix Common Stock”) outstanding immediately prior to the Parent Merger Effective Time that has not been redeemed, is not owned by Bannix or any of its direct or indirect subsidiaries as treasury shares and is not a Dissenting Parent Share will automatically convert into one share of common stock, par value $0.001, of VisionWave Holdings (each, a share of “VisionWave Holdings Common Stock”), (b) each Bannix Warrant shall automatically convert into one warrant to purchase shares of VisionWave Holdings Common Stock (each, a “VisionWave Holdings Warrant”) on substantially the same terms and conditions; and (c) each Bannix Right will be automatically converted into the number of shares of VisionWave Holdings Common Stock that would have been received by the holder of such Bannix Right if it had been converted upon the consummation of a business combination in accordance with Bannix’s organizational documents.
In accordance with the terms and subject to the conditions of the Merger Agreement, at the Company Merger Effective Time, (a) each share of issued and outstanding Target common stock, par value $0.01 (“Target Common Stock”), shall be cancelled and converted into 4,041 shares of VisionWave Holdings Common Stock.
Subject of closing the transaction, the Company and Tokenize holdings will exchange their holdings in VW for about 2,917,708 new shares of VisionWave Holdings, represent about 20.47% of VisionWave Holdings post-closing.
THE TREN (AVAI) DEAL
Investment Avant – Trend Innovation Holdings, Inc- AVAI

On April 3, 2023, GBT Tokenize Corp., a subsidiary that is owned 50% by the Company (GBT TECH) entered into an Asset Purchase Agreement (“APA”) with Trend Innovation Holdings, Inc. (“TREN”), in which the Company consented, pursuant to which Tokenize sold certain assets relating to proprietary system and method named Avant-Ai, which is a text-generation, deep learning self-training model (the “System”).

In consideration of acquiring the System, TREN is required to issue to the Seller 26,000,000 common shares of TREN (the “Shares”). The Shares will be restricted per Rule 144 as promulgated under the Securities Act of 1933, as amended (the “1933 Act”) and Seller agreed to a lock-up period of nine (9) months following closing (the “Lock Up Term”). In the event that TREN is unable to up-list to Nasdaq either through a business combination or otherwise prior to the expiration of the Lock Up Term, the Seller may request within three (3) business days of the expiration of the Lock-Up Term, that all transactions contemplated by the APA be unwound.

In addition, TREN, Seller and GBT entered into a license agreement regarding the System, granting the Seller and/or GBT a perpetual, irrevocable, non-exclusive, non-transferable license for using the System to be used in its own development, as in-house tool, where Seller or GBT may not sublicense its rights hereunder to any customer or client.
On July 18, 2023 TREN changed its name into: Avant Technologies, Inc and its ticker symbol on OTC Markets was changed into AVAI.

On June 4, 2024 Tokenize entered into Security and Exchange Agreement together with Subscription Agreement with VisionWave Technologies Inc. (“VW”), where Tokenize invested 10,000,000 of the Shares for 222 of VW, reducing the holding in the Shares to 16,000,000.

On July 1, 2024, the Company, GBT Tokenize Corp., together with Igor 1 Corp (the “Note Holder”), entered into an agreement to amend the terms of a previously issued convertible note. The amendment includes the following changes:
1. Reduction of Outstanding Balance: The outstanding balance of the note as of June 30, 2024, was $7,818,411.03, with a reported balance of $5,320,420. The balance was reduced by $3,000,000 through the transfer of 10,000,000 restricted shares of AVAI, resulting in a new balance of $4,818,411.03.
2. Fixed Conversion Price: The conversion feature of the note was amended to establish a fixed conversion price of $0.00001 per share. This conversion price will remain unaffected by any future corporate actions, including reverse splits, dividends, or other similar actions.
3. Conversion Limits: The note includes a maximum share issuance of 481,841,103,000 shares under the fixed conversion price and maintains a 4.99% beneficial ownership blocker.
This transaction reducing the holding in the AVAI Shares to 6,000,000.
As of September 30, 2024 and December 31, 2023, the marketable security including the investment via VW had a FV of $6,000 and $6,000, respectively......

Madness, it’s been what? 2 1/2 years since this BNIX deal was struck and we’re even more in the dark now. Question is why hasn’t someone walked away from the deal? Best guess is that the tech is legit and potential is huge but I think we’re stuck in a battle of greed between parties. Someone usually gets screwed in these situations, hopefully we’re not the ones.

Thank you. This addressed my previous question

So GBT owns 26.5% of Vision Wave? That’s good right? Yesterday you were thinking it was 21%? The intriguing part was where it mentioned 10 mil shares of AVAI. Right there that would be $5 mil in stock at current value. You would think that could at least move us to .0002 on book value but WTH do I know.

I hope this isn’t all shell games and VW and AVAI don’t go the way of Bannix with trading.

Is the idea here that GBT’s Avant AI Machine Learning, that they sold way back, the tech that Vision Wave is using?

On March 6 AVAI was 23 cents. Now it’s at 49 cents 19 days later. Maybe that means something here? We’ll see.

What happens to GBT? Would we be getting Vision Wave stock? I don’t understand a thing of what’s going on :)

Yes. VERY confusing (intentionally?). Is "Magic" interchangeable with "Tokenize" or "Anat Attia"??? AVAI thrown in there to boot! WHAT THE HELL was original take and still is. Obviously GBT (same as 'the company' and 'GTCH'???), Tokenize, Attia, VW and now AVAI are ALL intermingled with the powers to be....

No wonder SEC/OTC and the marketplace in general is having a hell of a time understanding "who is on first?". GTCH and parties definitely do not have their act together sufficiently to provide ANY factual clarity.

GTCH VISION WAVE TECH is the target and Bannix holdings a wholly owned sub of BANNIX ,,BANNIX HOLDINGS will aquire VISIONWAVE TECH and form VISIONWAVE HOLDINGS ,, very confusing as follows from GBT TECH 10Q 11/14/24
PART 1 Effective as of March 20, 2024, Tokeniz, entered into a Patent Purchase Agreement with VisionWave Technologies Inc. (“VisionWave” or “VW”) pursuant to which VisionWave agreed to acquire from Tokenize the entire right, title, and interest of certain patents and patent applications providing an intellectual property basis for a machine learning driven technology that controls radio wave transmissions, analyzes their reflections data, and constructs 2D/3D images of stationary and in motion objects (“VisionWave PPA”). The Purchase Price for the asset is $30,000,000 (the “Purchase Price”), which VisionWave will pay with shares of common stock, $0.0001 par value per share (the “Common Stock”). The Parties agree that the final Purchase Price may be adjusted and will be governed by a valuation report issued by a professional third party (“Valuation”). If the final Purchase Price per Valuation is less than $30,000,000, Tokenize has the option to cancel this Agreement. In accordance therewith, VisionWave agreed to issue and deliver to Tokenize, 1,000 shares of Common Stock (the “Shares”) representing 50% of VisionWave’s issued and outstanding shares of Common Stock, where the remainder of the 50% of VisionWave’s issued and outstanding shares of Common Stock are owned by a corporation controlled by Anat Attia. On June 4, 2024 Tokenize were issued additional 222 shares of VW for consideration of ten million Avant Technologies Inc. (“AVAI”) shares. On August 17, 2024 Tokenize, the Company. and Magic entered into agreements effective March 26, 2024 which assign the shares issued by the Company to Tokenize, 500 to GBT and 500 to Magic. Post this transaction the Company holds 500 shares and Tokenize hold 222 shares of VW. As of September 30, 2024, the Company holds 26.53% of VW’s issued and outstanding shares.

GBT Tokenize owns 50% of VisionWave.
GBT Tokenize Corp. struck a deal to sell key machine learning patents for radio wave-based imaging technologies to VisionWave Technologies Inc. for $30 million, payable in common stock.

GBT Tokenize Corp (a Nevada corporation based in San Diego, CA) is a Joint Venture between GBT Technologies Inc (50% partner-based in Santa Monica, CA) and Tokenize-It, S.A. (50% partner - owned by a Costa Rica Trust represented by Pablo Gonzalez).

GBT Technologies holds a partial ownership stake in VisionWave and is actively involved in developing and commercializing the imaging technology.

I wouldn’t be completely shocked. The Stock Titan article that talks about Vision Wave getting a niche in the defense industry with AI driven technology gives me hope. Maybe they can be like the WarDog guys initially- just getting the crumbs. That’s a good start.

PORCH Hope you are right ,,, not making predictions here. GLTA

Maybe I'm wrong but I feel we should have a real good year here, JMO.

GTCH I beleive in a previous post I found about 21% I will try to find the breakdown that i put up later GLTA

ZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZZ LOL.

And GTCH owns fifty percent of VW right?

when completed, BNIX shares converted to VW shares.

GTCH BUCKS ,,, I think it will be listed higher than AVAI ,,just a guess ,, then chopped in half within 2 weeks ,, unless they have something ready for market it will drop even further not to mention the current share holders of BANNIX that have not bailed yet who will upon completion of the deal before there sgltas disappear ,,, again just opinions .GLTA

When VW is listed, it will NOT be selling above $1. Same level as AVAI?

joking!

.0001

At what price lol.

BNIX

But they have no stock to buy?

Thanks for post your DD.  Every encouraging article!

Website: https://www.visionwave.tech/

VisionWave Technologies
1061 1/2 N Spaulding Ave.
West Hollywood, CA 90046

New Player in the Future of Defense Stocks as Global Spending Increases
(Investorideas.com Newswire) March 6, 2025

https://www.investorideas.com/news/2025/defense/03061VisionWave-Technologies.asp

Some Highlights include:
In US markets, there is a new emerging defense technology company looking to go public.. (NASDAQ: BNIX) recently filed an amended S-4 registration statement, with details of its target, VisionWave Technologies, Inc., coming into sharper focus. The filing outlines VisionWave's business model, proprietary technology and commercialization strategy, providing insight into a company poised to revolutionize defense and security through AI-powered autonomous systems, radar technology, and advanced sensing solutions.

VisionWave Technologies is an emerging defense technology company specializing in AI-driven solutions for military, homeland security and industrial applications. The company's strategy is three-pronged:
• Technology Licensing - VisionWave intends to license its proprietary AI and sensor technology to defense contractors and government agencies, enabling integration into existing military and security systems.
• Direct Product Sales - The Company will manufacture and sell unmanned vehicles, remote weapon stations, and advanced radar systems directly to military, law enforcement, and industrial clients.
• Strategic Partnerships - VisionWave is actively pursuing alliances and joint ventures with industry leaders to co-develop customized solutions based on its proprietary technology.

Go find us a basher 😂

Side note, we are so invisible here there’s not even a resident basher😂. I guess we don’t need anyone telling us we’re delusional in still believing in this absent team. We know.

BNIX suffers the same ailment as GTCH. Too many fingers in the pie and no leader among management to hammer out results. Competition is VERY strong. Weak leadership with absence of spine to standup to current lenders/dilutive financing brings everything to a halt. Every interest but SHs have lawyered up - the result, GTCH and partners just stand in the rain watching the business world pass by. Too bad, I really do think the patents have merit,

GTCH Any thoughts or input from anyone on what happens to the ''VWAV'' visionwave holding/ bannix deal now that BANNIX delisted from NASDAQ and down graded to otc ??? GLTA

GTCH While silence is not a new thing here it does get old ,, MANSOUR back to posting in linkedin but not even a peep about buisness at all . I hear the 'NDA' thrown out there but in reality it is a possibility .Also would love to have a follow up from LOOP[HOLELAWYER of any pending LITIGATION from the possible 7 infringments Thannks in advance . GLTA

Go throw a rock through the CEO's window and wake him up please.

Question: Isn’t financials due end of March? At least to prove they’re breathing.

Too much greed in this company.

With the extended radio silence from the team it’s impossible to know. Possible. NDAs could also be a reason. Lack of capital ,another. Or those other biggest chip companies may feel obligated to keep shareholders happy and informed of all the progress/ breakthroughs being made.. a sound move to keep share price from plummeting .GTCH has never put information or SH at the forefront.

The buzz about 'new chips' are not GTCH's. Why not? Is GTCH's patented chip design 'old tech' before its time? Tech moves fast, a killer for those companies that are too slow in development. GTCH now one of them?

They need till June consummate a deal. Match deadlines gonna come and go. 

Aren't they scheduled to report around March 24th?

Shares should go up, JMO.

What happens to GBT Tech share price after after Bannix files a S-4 notifying the Sec of its merger with VisionWave?
And within 4-6 weeks?

Im sure it’ll move up one day. Just hope it’s not 10 years from now 😂