other_material
confidence high
sentiment negative
materiality 0.85
Court freezes 178M+ GTII shares held by 84 shareholders; transfer prohibited
GLOBAL TECH INDUSTRIES GROUP, INC.
- On June 9, 2025, Nevada District Court granted Receiver's Objection, freezing 178,247,965 shares of GTII common stock.
- Freeze prohibits sale, assignment, or transfer until shares surrendered to Receiver or receivership dissolved.
- Receiver Paul L. Strickland was appointed September 18, 2024; freeze stems from alleged illicit share designations.
- Shareholders include David Reichman (44.7M shares), Kathy M Griffin (13.4M), and Nathalie Ghidalia (11.6M).
- Freeze Order attached as Exhibit 99.1; motion hearing continued to June 18, 2025.
item 8.01item 9.01