Global Tech Industries Group Inc (OTCMKTS:GTII) Stock Recovers After Recent Fall

Last Friday Global Tech Industries Group Inc (OTCMKTS:GTII) was in the news cycle after it announced that it had commenced the process of issuing shares of its common stock to those shareholders who had held shares in the company as on April 15, 2023.

Trading Data

On Friday, GTII stock gained 3.95% to $1.5800 with more than 717.60K shares, compared to volume of 1.09 million shares. The stock moved within a range of $1.4500 – 1.5800 after opening trade at $1.5400.

Global Tech Industries Group, Inc. to reward GTII shareholders with one common stock dividend for every 10 shares held.

Anyone who held shares in the company or with its transfer agent Liberty Stock Transfer Inc or with any brokerage would be entitled to one share of restricted common stock in Global Tech Industries for each block of ten shares held. The shares would be issued to shareholders by Liberty Stock Transfer and the shares are going to be added automatically.

The shares would also be issued to DTC and the company advised shareholders who held shares in brokerages to contact the brokerages so as to ensure that the shares were added to their personal accounts. The Chief Executive Officer and Chairman of Global Tech Industries David Reichmann spoke about the move as well.

He noted that the company had been working on ways to discover a simple and direct way of rewarding is shareholders for quite a while. He added that the company was committed to letting the shareholders know how much the company valued them.