Golden Triangle Ventures, Inc. (GTVH) Small Cap Report

Globe Small Cap Research, LLC – Golden Triangle Ventures Inc. (OTC Pink:GTVH) – May 2021 12 May 2021 – Golden Triangle Ventures Inc. Report Source: Golden Triangle Ventures Inc. During the three months ended March 31, 2021, the Company issued both common and preferred shares for total proceeds of ~$0.9 million. As of March 31, 2021, the Company had 48.8 million common shares issued and outstanding as well as 5.1 million preferred shares. With the shares recently closing at around $0.19, the total market value of the Company is about ~$10.7 million. To prevent significant changes to share structure, GTVH has executed drip-out agreements with restricted, preferred shareholders who convert back to common. The Company does not have any warrants, options and toxic notes outstanding. The company has never done a reverse split since the current CEO Steffan took over. While there is limited dilution risk from these events, however, we do expect dilution from new equity offerings to fund its operations. As per its latest 10-q filing, the Company had a working capital deficit and no formal ongoing operations. It also stated that the management hopes to fund future operations through equity financing arrangements.