Tech. Penny Stocks to Watch: GTCH, TPTW, GTLL, HMBL

Tech. stocks have had a fairly rough time in recent times. However, historically the sector has managed to create enormous wealth for investors over the past decades. Many tech penny stocks are regarded as investments for those with significant risk tolerance.

During the pandemic there had been a deluge of cheap money into these stocks and that had led to higher stock prices. Things have settled down somewhat and it could be possible for investors to start getting into stocks with more realistic valuations. Here is a look at four tech penny stocks that could be worth tracking

GBT Technologies Inc (OTC:GTCH) – It is a development stage company that is involved in artificial intelligence (AI), the Internet of Things (IoT), and Enabled mobile technology platforms that are meant for boosting IC performance. It has managed to build a team with considerable technical expertise and is focused on creating an intellectual property portfolio consisting of many patents.

Once its products are commercialized GBT aims to create a suite of products that would include AI, blockchain, smart microchips, encryption, mobile security applications, and database management protocols with non-GPS tracking and supporting cloud software.

On June 13 GBT Technologies provided an update about the intellectual properties portfolio of its electronic design automation (EDA) software suite. The software suite is internally named Magic2. The software suite is aimed at helping engineers with some of the arduous tasks during the design phase work of integrated circuits. The company announced at the time that it had got the patent approval for the Epsilon tool. That meant that four out of the eight tools in the suite had got patent approval. Magic2 is a suite of eight integrated software applications, each of which covers a particular process in the IC design cycle. The tools complement each other and would help in reducing development costs and also accelerate the IC design development cycle.

The Chief Executive Officer of GBT Technologies, Mansour Khatib spoke about the latest development. He stated that Magic2 could help in saving ‘1000s and 1000s hours’ of engineering time and speed up the microchip design process considerably. Additionally, it would also help in the creation of cheaper, faster, greener, and more reliable microchips.

Previously on May 31, the company announced that its continuation patent applications for mobile database sharing were going to be awarded. The patent, related to the company’s database management product, would protect a robustly secured communication protocol and a methodology for producing a higher level of processing database objects through its networks. The technology is aimed at bringing about improvement in the weaknesses present in known systems as well as in database management.

The methods and systems of the invention by GBT Technologies are based on the company’s proprietary integrated circuit technology and mobile/server software application which can split database objects into segments and share those among mobile devices. The segments are sent to mobile devices through private and secured channels. The non-provisional patent had been originally granted to the company on December 1, 2020.

TPT Global Tech Inc (OTC:TPTW) – The technology company is involved in providing telecom and multimedia-related products and services. It offers products and services for wireless broadband internet services, smart city development, government contracting and VuMe (which includes social media, TV streaming, and VOD). TPT Global Tech manages its operations through its subsidiaries, in which it holds majority interests. Some of those subsidiaries are TPT Strategic Inc, TPT SpeedConnect and Blue Collar Productions Inc. On April 6 the company announced that TPT SpeedConnect had agreed to a merger with Asberry 22 Holdings Inc, a formerly shell Pink Sheet publicly listed company. TPT SpeedConnect is a leading high-speed internet and communication services provider. As per the terms of the agreement, TPT Global Tech would hold majority control over TPT SpeedConnect with ownership of around 85% and 100% of the Series A Preferred stock.

A few days earlier TPT Global Tech had announced that its subsidiary TPT Strategic Inc had won a major contract through its Information Security and Training LLC division. It was one of the five entities which had been awarded a five-year Indefinite-Delivery, Indefinite-Quantity (IDIQ) Multiple Award Task Order Contract (MATOC) worth $250 million. The contract is for Design-Build-Construction Services for the Department of Interior and Forest Service.

3 Global Technologies Ltd (OTC:GTLL) – It is a holding company that is currently in the middle of a diversification program from its legacy holdings in the live shopping and e-commerce industries. Global Technologies Ltd is looking to make a move into the property value creation and real estate development spaces. The company’s strategy to move into the real estate sector is through the acquisition of distressed properties. On June 21 Global Technologies announced that it had signed an agreement regarding the acquisition of a real estate development company. The target company boasts of a portfolio that consists of an industrial facility spanning 250000 square feet. The facility is located on a 25-acre property in the state of Georgia.

On May 24, the company announced that it had appointed a new Chief Executive Officer and Chairman of its Board of Directors in the form of Fredrick Cutcher. The appointment had gone into effect on May 17, 2023. The company noted that Cutcher had been consistent in his demonstration of exceptional leadership abilities throughout his career to go along with a keen strategic mind. The press release went on to add that Cutcher also had a deep understanding of the financial industry at large and the ability to figure out emerging opportunities.

HUMBL Inc (OTC:HMBL) – It is a Web3 platform operator which offers a wide range of products, including HUMBL Authentics, HUMBL Wallet, HUMBL Social, HUMBL Tickets, HUMBL Search Engine, and HUMBL Marketplace. Additionally, HUMBL also operates an HBS commercial services division for its government and private sector clients. On June 15 the company announced that it had achieved a major milestone in its quest to reduce its debt.

Starting with the spinout of Tickeri, HUMBL had been successful in retiring more than $19000000 in debt since January 1, 2023. The reduction in debt had been one of the major strategic objectives of HUMBL in 2023.  The company had accomplished debt reduction through the successful negotiations of debts. It had done so through the issuance of HUMBL shares and in many cases, the shares had been issued at higher prices than the prevalent market price.

In keeping with the rising popularity of chatbots, the company launched its own AI ChatbotHeyBLUE! on June 14. The Chatbot would allow HUMBL social users to interact with artificial intelligence on a daily basis. The Chatbot also performs a variety of tasks like document generation, question answering, text summarization, text generation, and language translation among others.