Global Tech Industries Group, Inc. continuing count of shareholder requests for digital dividend; anomalies found

Rhea-AI Summary

Global Tech Industries Group (OTCQB: GTII) announced the continuation of its count for shareholder requests concerning Shibu Inu tokens dividends. These requests have been received since May 9, 2022, but irregularities between shareholder reports and brokerage records have arisen. To ensure all shareholders receive their digital dividend, the Company plans to mail request forms to those who have not responded. This effort highlights GTII's commitment to shareholder engagement and transparency.

Positive

• The company is actively addressing shareholder requests related to the Shibu Inu tokens dividend.
• Plans for physical mailing of request forms demonstrate a commitment to ensuring all shareholders can receive dividends.

Negative

• Irregularities in shareholder reports and brokerage records may raise concerns about transparency and accuracy.

New York, NY, June 01, 2022 (GLOBE NEWSWIRE) -- Global Tech Industries Group, Inc. (OTCQB: GTII) (“GTII” or the “Company”), www.gtii-us.com, a Nevada corporation, announced today that it is continuing its count of shareholder requests for the Shibu Inu tokens dividend previously announced, which have been coming into the Company’s transfer agent, Liberty Stock Transfer, Inc. (“Liberty”) since May 9, 2022. Although Liberty has not completed the count, several questions have been raised about anomalies it has found between what shareholders of record have reported and what is actually being held in brokerage accounts, or recorded on the NOBO list, and at DTCC. In an abundance of caution, the Company is planning a physical mailing of the request form to its shareholders who have not responded, to assure that as many shareholders as possible receive their digital dividend.

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. Visit GTII here https://gtii-us.com/.

Please follow our Company at: www.otcmarkets.com/stock/GTII or at https://gtii-us.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.
511 Sixth Avenue, Suite 800
New York, NY 10011
Info@gtii-us.com

FAQ

What is the status of the Shibu Inu tokens dividend for GTII?

Global Tech Industries Group is continuing to count shareholder requests for the Shibu Inu tokens dividend and plans to mail request forms to shareholders who have not responded.

When did GTII start receiving requests for the Shibu Inu tokens dividend?

The Company began receiving requests for the Shibu Inu tokens dividend on May 9, 2022.

What irregularities have been reported regarding the GTII dividend?

Irregularities have been found between what shareholders have reported and what is recorded in brokerage accounts and on the NOBO list.

How is GTII ensuring all shareholders receive their dividends?

GTII plans to mail request forms to shareholders who have not yet responded to ensure they can receive their digital dividends.