GTII Receivership Estate obtains AURI convertible notes, converts shares, flags disclosure failure

GLOBAL TECH INDUSTRIES GROUP, INC.

GTII Receivership Estate acquired two AURI convertible notes (principal $100,000 and $25,000) from MSC Capital Advisors LLC in settlement of a $100,000 promissory note.
Receiver converted 841,242,529 AURI shares at $0.00005 per share, exhausting AURI's authorized but unissued shares, with remaining debt of $103,515.96.
Receiver notified OTC Markets that AURI failed to disclose the outstanding convertible notes in its annual report and management certification.
AURI issued a false press release on April 15, 2026 stating it had no convertible notes outstanding, contradicting the $103,515.96 balance held by the Receivership Estate.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

GLOBAL TECH INDUSTRIES GROUP, INC. entered into Note Assignment Agreement with MSC Capital Advisors LLC valued at $125,000.00 (effective 2026-04-07).

Action: entry
Counterparty: MSC Capital Advisors LLC
Value: $125,000.00
Effective: 2026-04-07

Exact text from the filing

On April 7, 2026, the GTII Receivership Estate (the “Receivership Estate”), acting through Paul Strickland, Court-Appointed Receiver (“Receiver”) of Global Tech Industries Group, Inc. (the “Company”), entered into a Note Assignment Agreement (the “Assignment Agreement”) with MSC Capital Advisors LLC (“MSC”), pursuant to which MSC assigned to the Receivership Estate all of MSC’s right, title, and interest in two Convertible Promissory Notes issued by AURI, Inc.

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Source: SEC EDGAR

accession 0001493152-26-017979

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