Apr. 24 at 12:35 PM
$AIXI
2) 2. GTII (Global Tech Industries) - 2022-2023
While an OTC stock,
$GTII is the textbook case for the CUSIP Change strategy.
• The Situation: The company issued a "restricted dividend" which effectively forced a change in the way shares were tracked/cleared.
• The Result: This created a massive problem for "naked" shorts or anyone with FTDs because they couldn't reconcile the "old" shares with the "new" requirements. The stock ran from
$0.40 to nearly
$9.00 as shorts scrambled to clear their positions before the technical deadline.
• The Similarity: It highlights how changing the "identity" of the share (CUSIP/Ratio) while FTDs are high (like
$AIXI on Day 14) can trigger a forced cover.