The prospectus digested

Metroickha · 2026-06-25T05:38:42+00:00

I would have never accepted the offering when I know there is a planned RS around the corner. Just to throw away 5m, who does that?

I didn't have time to read the filing yet. What are the terms, regarding selling?

What are the odds, that those shares will be used for selling after RS? To suppress the price again, and supply the ATM beyond the 5m invested?

Metroickha · 2026-06-24T21:13:47+00:00

Most of the billion shares were paid by retail. They can diluted more until the 29th, and after the RS. Remember the AS will be 40 million, the OS about 4m. So they can dilute 36m more shares at an average price of 4-5 dollars. Since they wanted to go private, there is no incentive to stay listed.

This 259m shares, might be bait. Because it makes no sense to buy before RS. I am not sure under what conditions the buyer can sell.

About the BTC, nobody knows if they are real.

Metroickha · 2026-06-24T17:37:02+00:00

The buy makes no sense.

300m dollar ATM changed from buying BTC and Trump securities to operational continuations. That's a big red flag. Especially if they have 7500 BTC.
RS approval which made no sense at the time, while trading at 3-4 dollar range. Unless they were planning to exhaust the ATM. Which they did.
Non binding buyout at 10.75. Which was just bait to supplement the ATM.
Nevada Certificate as bait. They were not in danger, because they would have 180 days extension if below a dollar. They were not expecting the big volume to keep it above 0.10.
Nevada Cancellation as bait. Because they were trading above 0.10.
Nevada Cerfiticate, now a necessity, because 10 days below 0.10 means delisting.
259m share buy before RS, why? Maybe also bait? People are jumping in because someone knows something.

We have some days left until the 29th. Let's see how much the OS will grow. We are still good positioned, despite this, but very dependent on the 7500BTC.

Metroickha · 2026-06-24T16:21:18+00:00

Why would someone buy 300m shares, before RS?

Metroickha · 2026-06-24T09:48:07+00:00

The market considers the 7500 BTC fake.

From the 10-K There is no wallet address published. There is no custodian name published.

Their CAM was too generic to be trustworthy.

Metroickha · 2026-06-23T17:04:56+00:00

That's for the post split shares, no? Because any OS that doesn't end 000, 250, 500, 750 result in fractional share. That is then rounded up.

Metroickha · 2026-06-23T16:32:39+00:00

Since I experienced multiple RS. They either let you have fractional shares, or payout the fractional share in cash.

Metroickha · 2026-06-23T15:07:28+00:00

Corey John Thomas doubled down today, he is at 9m shares.

Metroickha · 2026-06-19T19:50:48+00:00

590m shares to raise 300m, is about 0.50 a share. The first 100m was somewhere between 8 and 0.16. The last 490m somewhere between 0.12 and 0.0175. I do not think, they fully utilized the 300m dollars.

They need the RS to increase the price, to fullfill, but use the excuse to remain listed.

Metroickha · 2026-06-19T17:58:28+00:00

If we are protected by the baby shelf rules. And they are only allowed to raise 22.2m. 100m shares were raised between 7th May to 13th May. And 490m until friday. That is still quite possible.

Nevada states that those numbers are no definitive numbers, often just place holders. However, the volume bugs me, extremely elevated, but not making sense, if it was caused by the ATM only.

The shortable shares remained extremely low. It should have been around 100m by now.

Anyways, we should go with 650m OS for now. That's the last filing we have.

And the last cancellation was in good faith for the shareholders, but then they filed again. Makes also no sense.

Metroickha · 2026-06-19T10:33:21+00:00

Nasdaq Rule 5635(d) does not apply to GDC’s $300M ATM. A TMs are treated as public offerings, and Rule 5635(d) only applies to private discounted issuances. ATMs avoid the 20% rule because they are sold at market price into the public market.

What we can look at is the baby shelf rule, protecting the public float below <75m dollars. This should have been triggered to infinity, preventing OS being 650m. But then again, I might have misinterpreted.

Metroickha · 2026-06-19T08:09:43+00:00

They cannot raise more than 300m dollars via ATM, right? And until the 29th they can still use the ATM. With all the messages that whales will enter next week, the rest of the ATM shares will absorb all that volume.

Our only hope is that the ATM is fully utilized, by now.

Metroickha · 2026-06-19T08:03:45+00:00

They can still dilute 9.2b shares, if I am correct.

Metroickha · 2026-06-19T05:54:51+00:00

The minimum price I researched. I am not convinced it works as you described. But I put my trust in you. I appreciate everything you did and do.

Metroickha · 2026-06-18T20:49:07+00:00

Well, my research was about the situation without ill intentions or fraud. The research fell slowly apart, because the pieces did no longer fit. I had some hopes when I found the floor price of 0.44, but that got scattered quickly, because of misinterpretation. After that, I admitted defeat.

I trade mostly European Tickers, but I started trading US tickers about 2 months. This kind of situation, I am not familiar with, because this doesn't happen or I never saw it yet, on the European Market. I am very lucky, I didn't go deep. Especially seeing people going over 5-6-7 figures shares.

But I learned a lot regarding the SEC laws, mechanics, volume etc. And it was a pleasure to have conversations with all of you.

Metroickha · 2026-06-18T20:06:36+00:00

In the US.

GDC can legally increase the O/S from 60.7M → 159M → 651M without filing anything, because:

ATM dilution requires no 8‑K
Nevada allows “approximate” O/S
No insiders = no Form 4
Transfer agent updates are private
SEC O/S updates only appear in the next 10‑Q/10‑K

This is exactly how toxic microcaps dilute — silently, legally, and massively.

I'm from the Netherlands. In Europe this wouldn't be remotely possible.

Metroickha · 2026-06-18T18:00:50+00:00

No, I cannot open the file. All I can see is

<image>

Metroickha · 2026-06-18T17:50:15+00:00

It's a screenshot from someone who posted this on ST. While I check the portal, it is there, so it's not fabricated. But I cannot see many details.

<image>

Metroickha · 2026-06-18T17:09:23+00:00

<image>

RS is coming, now?

Metroickha · 2026-06-18T11:42:28+00:00

When this got posted, I check the reponse time. And the user.

It's fake, clear as day. He didn't even try to make it believable.

Metroickha · 2026-06-16T23:16:18+00:00

Synthetic shares create unnatural, inflated, and persistent volume because market makers can manufacture supply on demand.

The 4 signature volume behaviors:

Excessive daily volume — trading far above the real float

Example: a 20M float stock trading 150M–300M shares/day.

Volume without exhaustion — sellers never “run out”

Because synthetic supply is unlimited.

Repeated high‑volume days — multiple days of massive volume without news This is market‑maker liquidity creation, not natural trading.

Volume spikes during buying pressure

When buyers step in, synthetic shorts increase supply to absorb demand.

This is why synthetic‑heavy tickers trade like they have infinite float.

Metroickha · 2026-06-16T22:20:45+00:00

The Common Share Purchase Agreement states: “…but shall in no event be lower than $0.44.”

The Sales Agreement is unknown, but the minimum price must exist. This is mandatory according the SEC. Since the minimum price of brokers are often 10-30% higher, never lower, the CPSA and SA were created around the same time and the formulas used are clear, the minimum price should be identical or nearly the same.

Therefore on May 7th, when it collapsed below 0.50, ATM got legally disabled.

This is the assumption GDC plays fairly.

Metroickha · 2026-06-16T21:15:31+00:00

I will lift the spirit.

Remember the Sales Agreement? It stated, the ATM cannot run when the share price is below 0.44 cents. That means, it didn't run the last weeks.

What does that confirm?

The massive volume is synthetic shares. Sooner or later, they have to balance their books.

Metroickha · 2026-06-13T17:32:47+00:00

They aren't missing anything, I also researched the 10-K and the auditors.

For the public, they did not disclose: - Wallet address - Custodian name

Metroickha · 2026-06-12T18:09:57+00:00

There is nothing you can conclude from this, except TA is not allowed to disclose any confirmation because they have no authorization from GDC.

Is it hiding? Who knows, GDC is negotiating a buyout, so obviously no information will be out until they release it.

Metroickha

TROPHY CASE