Street Calls of the Week
Global Tech Industries Group, Inc. (OTC:GTII), a micro-cap company with a market capitalization of $30.63 million and currently trading at $0.01 per share, announced that the deadline for four specific creditor claims has been extended until November 14, 2025. The extension applies only to Bronx Family Eyecare, Nikolay Bitsenko, Michael Andreyev, and Dr. Igor Kirzhner, who are identified as alleged creditors in ongoing court proceedings. InvestingPro data shows the stock has experienced significant volatility, with a dramatic 718% year-to-date return despite a 44% decline over the past six months.
According to a press release statement based on a filing with the Securities and Exchange Commission, the extension was agreed upon by the company’s court-appointed receiver, Paul L. Strickland, and the four alleged creditors. The parties have reached terms to settle the claims and are in the process of finalizing a written settlement agreement and releases. Any settlement will be subject to approval by the District Court of Clark County, Nevada.
This development follows an earlier court order in September 2024 appointing a receiver for Global Tech Industries Group, as part of the case White Rocks (BVI) Holdings Inc., et al., v. Reichman, et al., Case No.: A-24-896359-B. The company’s previous creditor claims bar date was September 15, 2025. The new stipulation extends only to the four named creditors, leaving the original bar date unchanged for all others.
The stipulation and order were filed Sunday and are included as an exhibit in the company’s latest 8-K filing. Global Tech Industries Group’s common stock is traded on the OTC market under the symbol GTII.
All information in this article is based on the company’s statement in a recent SEC filing.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.