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Global Tech Industries Group, Inc. (GTII) has been subjected to a court-ordered share freeze affecting 178,247,965 shares, as announced in a recent SEC filing. The court’s decision came on Monday, June 9, 2025, following a motion by the appointed Receiver, Paul L. Strickland, to restrict the transfer of certain shares deemed illicit. This development is part of ongoing legal proceedings involving the company and its management. The company, currently valued at $51 million in market capitalization, has shown significant price volatility with a 25% return over the past week. According to InvestingPro data, GTII’s stock has surged over 1,000% in the past six months, trading at $0.15.
The court order, known as the Freeze Order, prohibits the sale, transfer, or any form of hypothecation of the affected shares until further notice. The order will remain in effect until either all shares are surrendered to the Receiver, the court releases the specific shares from the order, or the receivership concludes.
The shares in question are distributed among a number of shareholders, including individuals and entities, with the full list detailed in the SEC filing. The total number of shares frozen represents a significant portion of the company’s outstanding stock. InvestingPro analysis reveals the stock’s trading characteristics, with an average daily volume of 30,000 shares over the past three months. For deeper insights into GTII’s financial health and market performance, investors can access the comprehensive Pro Research Report, available exclusively to InvestingPro subscribers.
This action follows a Receivership Order issued on September 18, 2024, which placed the company under the control of the Receiver due to legal disputes. The Receiver’s Objection, filed on May 22, 2025, sought to address issues related to certain shareholders holding shares that were potentially acquired inappropriately.
The SEC filing, based on the 8-K report filed on June 10, 2025, provides the latest update on the company’s status and the ongoing legal challenges it faces. The attached Exhibit 99.1 in the filing includes the official court document detailing the Freeze Order.
Global Tech Industries Group, Inc., incorporated in Nevada and previously known as Tree Top Industries, Inc., GoHealth MD Inc., and Nugget Exploration Inc., is currently classified under the Services-Management Services industry.
Investors and stakeholders are advised to follow official court and SEC filings for further updates on the company’s legal situation and its impact on share trading and ownership. With GTII’s Financial Health Score rated as ’FAIR’ by InvestingPro, and its next earnings report expected on August 13, 2025, subscribers can access 10+ additional ProTips and detailed metrics to make more informed investment decisions.
In other recent news, Global Tech Industries Group, Inc. is navigating significant legal challenges as detailed in their recent SEC filings. On May 22, 2025, a court-appointed receiver filed an objection regarding the transfer and designation of certain company shares as illicit, with the filing made public on May 27, 2025. The receiver, Paul L. Strickland, appointed on September 18, 2024, seeks a court order to prevent the transfer of these shares and to establish procedures for designating them as illicit. Additionally, the receiver is looking for approval to enter into release agreements concerning these shares. The outcome of this objection is still pending a court decision. Furthermore, the company is addressing claims following the receivership by filing a motion to establish procedures for managing claims against it, including a proof of claim form and submission deadline. The court has not yet ruled on this motion, which is crucial for stakeholders and creditors, as it may influence the handling of claims and potential asset distribution. These developments are pivotal for shareholders and potential investors as they may impact the company’s stock and operations.
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