U.S. markets close in 4 hours 53 minutes

Global Fiber Technologies, Inc. (GFTX)

Other OTC - Other OTC Delayed Price. Currency in USD
Add to watchlist
0.0065-0.0004 (-5.80%)
As of 10:41AM EDT. Market open.
Full screen
Trade prices are not sourced from all markets
Gain actionable insight from technical analysis on financial instruments, to help optimize your trading strategies
Chart Events
Neutralpattern detected
Previous Close0.0069
Open0.0069
BidN/A x N/A
AskN/A x N/A
Day's Range0.0065 - 0.0069
52 Week Range0.0001 - 0.0171
Volume799,163
Avg. Volume14,339,995
Market Cap198,663
Beta (5Y Monthly)2.53
PE Ratio (TTM)N/A
EPS (TTM)-0.0540
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Fair Value
XX.XX
N/A
Research that delivers an independent perspective, consistent methodology and actionable insight
Related Research
View more
  • Authentic Heroes Building Block-Chain for Its Collectable Merchandise
    GlobeNewswire

    Authentic Heroes Building Block-Chain for Its Collectable Merchandise

    Global Fiber Subsidiary Sees Blockchain As A New Area Of OpportunitySomerset NJ, Feb. 16, 2021 (GLOBE NEWSWIRE) -- Somerset, NJ, February 16th, 2021. Global Fiber Technologies, Inc., (OTC PINK: GFTX) Updates shareholders on fortifying its credibility in the collectable clothing arena. Chris Giordano President and Chairman stated “Counterfeit and stolen goods are a significant problem of global commerce. According to the Economist, “estimates for the total value of fakes sold worldwide each year go as high as $1.8 trillion and the problem lies in the inability to truly track the real from the fake as well as the provenance or ownership history of a particular item. Typically, due to historical and legacy reasons, many industries still use paper to prove whether something is real or whether a particular person actually owns a particular asset. Paper can be easily altered as well as lost or stolen. If you purchase a piece of memorabilia it is easy for the corresponding certificate of authenticity to say one thing, but for the item to be something entirely different. Steiner Sports suing The New York Giants and Eli Manning is just an example of how the authentication process can run amuck. https://www.si.com/nfl/2018/05/15/eli-manning-settles-memorabilia-fraud-lawsuit “The Authentic Heroes business model is being built around having the only patented process to create Fanwear which contains the “authenticated fibers” from an original event worn garment and create a series of limited edition collectables from that very original. One of the things thing that separates us from every other manufacturer of fanwear is our ability to track the fibers from the original and provide our customers authentication features that range from a UPC Code embedded into the fibers, a UV pen light that allows the fan to see them, and a QR code that contains personal registration information. We are now going to further those standards of unmatched authenticity for our past and future customers. The incorporation of block chain technology will bring to our customers the 100% confidence in knowing that every time they purchase an item from Authentic Heroes it will be not only have the aforementioned security and provenance features, but the item will be registered in their own personal ownership portal to be known as “My Authentic Blockchain” It will be accessed by simply scanning the QR code sewn or embedded into each item we sell. Once a purchase is listed on our blockchain, the ownership becomes immutable, unless the actual owner verifies a change. With My Authentic Blockchain you can store your ownership credentials for both your physical and soon to be "virtual collectables" with the confidence of knowing your purchase and true ownership will never be compromised as a reslt of counterfeiting or the misapprpriation of true ownership. Henceforth, we have hired “Code Zeroes” a leading developer of blockchain technology to build out a state of the art system for us which can be easily expanded and utilized for more than registering Authentic Heroes items but also have the scalability and flexibility to handle virtual product offerings in the future. https://www.codezeros.com/ We will be starting the development of the Authentic Heroes blockchain this week and should have it completed within the next 4-6 weeks to coordinate with the sales and delivery of the merchandise in our relationship with YUNGBLUD and Bravado/Universal Music. True provenance and “Proof of Ownership” is tantamount to everything in the collectables business. It is our goal at Authentic Heroes to be the gold standard for the industry. Blockchain technology will not only further our product’s and our brand’s credibility but also allow us to expand our entrée into “virtual product” offerings in the near future. We welcome the opportunity to use our entrée into the world of blockchain to continue strengthening our message, positioning our products and creating a new world of opportunity for the company. In addition, we are nearing the end of our 2019 audit and expect to file our 2019 10-K in the next few weeks if not sooner. We are staying on the path of becoming “current” with our filing requirements and eventually relisting the common stock on as an OTCQB designated company. We look forward communicating our progress on both fronts with you in the not too distant future. CONTACT: Chris H Giordano President/Chairman chrisg@ecotek360.com 973-390-0072 Paul Serbiak CEO/Board Member pauls@ecotek360.com 908-230-9080

  • Global Fiber Technologies, Inc. Updates Shareholders
    GlobeNewswire

    Global Fiber Technologies, Inc. Updates Shareholders

    Authentic Heroes Subsidiary To Launch YUNGBLUD Collectible Clothing LineSomerset, NJ, Feb. 02, 2021 (GLOBE NEWSWIRE) -- Global Fiber Technologies, Inc., Updates Shareholders 1st QTR Update Global Fiber Technologies, Inc., (OTC PINK: GFTX) updates its shareholders on the company’s financial filings, operations and its future plans. Beginning a new year for us comes with accomplishments that seemed unsurmountable just a year ago given the global situation a hand. 2021 we feel will be a year filled with hurdles that have been crossed and opportunities that will change the face of the Company. As it relates to the filing of our financials, we are at the end of the process of auditing our financials for 2019 and are confident that the 10-K for 2019 will be filed in the very near future. Subsequent to the filing of the 2019 10-K, we will begin the process of filing the 10-Q for first quarter 2020, and the balance of the quarterly reports due for 2020 moving us much closer to the goal of becoming “fully reporting” and up-listing to OTCQB and having the STOP sign removed from our “ticker”. The Company has discussed its approach with both the regulators and OTC MARKETS and we are confident that our approach is both achievable and acceptable. Ultimately, Global Fiber will become a fully reporting company in the not too distant future. As it relates to our operations, Authentic Heroes will be the tip of the spear for Global since it will have the ability to generate sales and profit in the very near future with licenses we already have. We are particularly excited about the prospects we have with YUNGBLUD the musical artist. YUNGBLUD recently had the # 1 ranked album in the UK while also having the “most engaged” audience on Instagram. This makes for a powerful combination when selling merchandise via e-commerce. YUNGBLUD’s management team has been working diligently with us on finishing the final designs for a line of “Special Edition” collectible clothing which will include Tees, Pullover Hoodies, YUNGBLUD’s famous “pink socks” and the “Underrated Youth” flag that he paraded on stage with and some of the merchandise will be signed by YUNGBLUD. In conjunction with each sale a portion of the proceeds will go to help fund the WAR CHILD charity https://www.warchild.org/ which is YUNGBLUD’s charity and we are proud to be involved in helping their cause To further augment our combined marketing efforts, Yungblud has made a video speaking about: The articles of clothing that he is giving to Authentic Heroes from his 2019 sold out tour, the War Child charity, and his relationship with Authentic Heroes. This video will soon be distributed to his millions of followers on YouTube, Instagram and Twitter, making them aware that there is something special coming. It is our opinion that this unique approach of addressing your fan base will drive significant traffic for the sale of these “one of a kind” collectables. 4. Run DMC: We are working with Bravado, the merchandising arm of Universal Music, to find “photo-matched” articles of clothing from prior concerts that we can create authenticated merchandise from. We expect to be updated shortly by Bravado so we can bring the Authentic Heroes experience and collectable merchandise to the massive fan base of RUN DMC. We truly feel the music industry will end up being our sweet spot, since it is devoid of a true brand. Our combination of patented technology and social media driven “target marketing” by an artist like YUNGBLUD to his “Super-fans” will allow us to create a resonating footprint in the industry which will set our merchandise apart from the conventional offerings sold throughout the industry. Brand is everything and we are excited by the possibilities of potentially becoming the “gold standard” of music merchandise. Whether someone is a member of GEN Z, GEN Y, GEN X or Baby Boomers everyone wants to own a piece of history. Authentic Heroes through its patented technology and unique manufacturing process makes it possible for everyone to own the history of their favorite icon at an affordable price. Welcome to FANWEAR 2.0 B. ECOTEK 360 ECOTEK 360 is working diligently towards reaching the critical point where it can fully commercialize its proprietary technologies for the rejuvenation of corporate uniforms, products for hospital and healthcare industry, as well as products for the hospitality markets. Our pilot line has produced excellent results to date and we are now getting closer to the point of being able to create game changing products that can help ameliorate the need for dumping or incinerating end of life textile waste. Our sample fibers have been examined by a potential manufacturing partner, which has brought us to a point where ECOTEK 360 is now exploring the potential for a joint venture with them overseas as well as here in the United States. The nature of the relationship is one where we bring our core technologies and trade secrets as part of a brand new joint venture to create products for the retail market. We have also run fiber for a hospital system on our pilot line and gotten back excellent results. We are expecting to move further down the path with creating samples that could lead to substantial commercial sales. We hope this sheds light on our current state of affairs as well as our goals for the future. We welcome any questions from our shareholders and look forward to keeping you informed as information and results become available Safe Harbor Act Forward-Looking Statements: This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of Global Fiber Technologies, Inc., its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements including those relating to the Company's financing being adequate for the Company to place its products in retail stores, execute its acquisition strategy, and to launch its growth and expansion plans, among others, are not guarantees of future performance and involve risks and uncertainties, many of which are beyond Global Fiber Technologies, Inc.'s ability to control, and actual results may differ materially from those projected in the forward-looking statements as a result of various factors. No information in this press release should be construed in any way whatsoever as an indication of Global Fiber Technologies Inc.'s future revenues, financial performance or stock price. More information about the potential factors that could affect the business and financial results is and will be included in Global Fiber Technologies, Inc., filings with the Securities and Exchange Commission at www.sec.gov. CONTACT: Chris H Giordano chrisg@ecotek360.com 1-732-695-4389 EXT 502 Paul Serbiak pauls@ecotek360.com 1-732-695-4389 EXT 501

  • Global Fiber Technologies, Inc., Issues Management Update
    GlobeNewswire

    Global Fiber Technologies, Inc., Issues Management Update

    Management Looks To 2021 As Its Breakthrough Year.Princeton, NJ, Nov. 16, 2020 (GLOBE NEWSWIRE) -- Global Fiber Technologies, Inc., (OTC PINK: GFTX) updates its shareholders on the company’s operations and its future plans.       1.    Fully Reporting StatusWe have been getting several inquiries addressing the concern of Global Fiber becoming a fully reporting company again. Global has always been a fully reporting company up until the pandemic hit and at that time we needed to make a decision as to whether or not to put the money into a few valuable licenses or a very expensive audit.We chose the former and we feel Global is much better off since it is now positioned to generate significant revenue for 2021We are also pleased to let you know that we are in the process of tabulating our recent financials for 2019 and will be taking a very measured but achievable approach in becoming “current” in our filings with the Securities and Exchange Commission.   The Company is currently in the process of compiling the financial statements for the entire 2019 filing period which should be done in the coming weeks. Once completed they will then be sent to our auditor for subsequent review, certification, and then Global Fiber will proceed with the filing of the 2019 10-K.Subsequent to the filing of the 2019 10-K, we will begin the process of filing the 10-Q for first quarter 2020, and the balance of the quarterly reports due for 2020.During this time, we would expect to come to a mutually acceptable arrangement with our convertible noteholders on favorable terms.When all of the 10-Qs are filed for the three reporting periods for 2020, the company will turn its efforts to completing the audit and filing of the 10-K for 2020 and any of the 10-Qs that may be due for the 2021.Once completed we will then be current in our reporting requirements and then we will proceed to have the STOP designation removed at OTC MARKETS. The Company has discussed its approach with both the regulators and OTC MARKETS and we are confident that our approach is both achievable and acceptable. Ultimately, Global Fiber is looking to become a fully reporting company in the not too distant future.2. Subsidiary OperationsAuthentic HeroesTo date, Authentic Heroes has secured 4 licenses with Brett Favre, Warren Sapp, Run DMC, and Yungblud.Each license has a different nuance so sales efforts are guided by these distinctions.      1.    Yungblud: We expect to start our push into the world of music merchandise soon, which will be triggered by our relationship with Bravado/Universal Music and Yungblud.                           We just received via DHL the concert tour wear from Yungblud’s 2019 sold out “Underrated Youth” Tour.                            We now will begin the process of creating a special series of Yungblud collectables for his millions of fans and expect to start pre-sales as soon as we have our samples approved by the Yungblud team in early first quarter 2021. Our expectations to create potentially substantial sales has never been higher. The Yungblud team is extremely committed to making this series of highly unique merchandise a resounding success.                           To augment our combined marketing efforts, Yungblud has made a video speaking about: The articles of clothing that he is giving to Authentic Heroes from his 2019 sold out tour, the War Child charity, and his relationship with Authentic Heroes.                             The video will soon be distributed to his millions of followers on YouTube, Instagram and Twitter, making them aware that there is something special coming. It is our opinion that this unique approach of addressing your fan base will drive significant traffic for the sale of these “one of a kind” collectables.                     2.    Brett Favre: One of the most important parts of our value proposition is the credibility factor. The ability to create a one of a kind jersey, while also getting the approval of the player, speaks volumes.                           In the case of Brett Favre, we will be delivering 51 jerseys in early December. The significance of the first 50 is that they will be signed by Brett Favre and used for marketing and building relationships with sports bloggers, influencers, charitable giveaways, and contests.                           Brett will keep the 4th jersey in the series, which is the number he wore on the field. Next, he will make a video of himself putting on the Authentic jersey while speaking about the significance of the original jersey he gave Authentic. He will discuss the jerseys that we created from his original game worn jersey, the Greater Good Fund charity, and how Authentic Heroes ties it all together.                           Brett will disseminate that video to his 1.5 MM followers on Facebook which will be followed up by a social media marketing effort launched by Authentic Heroes as well.                     3.    Warren Sapp: In December, Warren Sapp will be giving Authentic Heroes his Pro Bowl Jersey from the 1999 season when he was defensive player of the year. Authentic Heroes will then proceed to make a limited series of jerseys. We have already finished the artwork for that jersey through a commissioned artist and are waiting approvals from Warren’s management, which we should have shortly.                           Warren, like Brett Favre and Yungblud, will be making a video speaking about the 1999 season, the War Child charity and how Authentic Heroes ties players, fans, and charitable contributions together for the greater good of all the parties. Warren will post that video to his 1.1MM followers on Twitter and will also be followed up by a social media marketing effort by Authentic Heroes                     4.    Run DMC: We are working with Bravado, the merchandising arm of Universal Music, to find “photo-matched” articles of clothing from prior concerts that we can create authenticated merchandise from. We expect to be updated shortly by Bravado so we can bring the Authentic Heroes experience and collectable merchandise to the massive fan base of RUN DMC.              Lastly the Company is also in the process of negotiating several other major licenses in the areas of social media influencers, sports, and music.  We will continue to develop a portfolio of significant commercial opportunities that will add significantly to shareholder value now and into the future.      B.    ECOTEK 360ECOTEK 360 is working diligently towards reaching the critical point where it can fully commercialize its proprietary technologies for the rejuvenation of corporate uniforms, products for hospital and healthcare industry, as well as products for the hospitality markets.Our pilot line has produced excellent results to date and we are now getting closer to the point of being able to create game changing products that can help ameliorate the need for dumping or incinerating end of life textile waste.Our sample fibers have been examined by a potential manufacturing partner, which has brought us to a point where ECOTEK 360 is now actively exploring the potential for a joint venture with them overseas as well as here in the United States. The nature of the relationship is one where we bring our core technologies and trade secrets as part of a brand new joint venture and manufacturing facility to create products for the retail market.We are in the earlier part of these negotiations but we feel that there is a very strong interest on the part of the potential joint venture partner and we are very confident in our ability to deliver the type of fiber that can truly augment their current business model and the typical business model of the 100’s of companies in the textile recycling business.In the last few days we have also run fiber for a hospital system on our pilot line and got back excellent results. We expect to move the needle on this potential relationship over the coming months as we create final end user products for them. We feel confident in the potential for orders of our rejuvenated products to follow.      C.    Maximizing Shareholder ValueWe realize that shareholder value is tantamount to everyone. To date, we feel that the most recent market for our common equity does not at all reflect the potential that both Authentic Heroes and ECOTEK 360 have. We have made significant progress and major breakthroughs in both subsidiaries and unfortunately the value proposition for each is mired and buried under the Global Fiber Technologies umbrella.Global Fiber Technologies, the parent to both companies, is exploring several options to optimize the value of Global Fiber’s common stock price.Once fully reporting, and as the stop sign is lifted, we will hopefully see a marked improvement of Global Fiber’s common share price. There will be significant opportunities coming to both Authentic and ECOTEK and they need to be financed at some point in the not too distant future.The Company is looking to keep dilution to GFTX shareholders to a minimum while attaining the financing necessary to monetize the upcoming opportunities. The value of GFTX shares will weigh heavily in our decision on how to finance those opportunities.Given the fact that sometimes share price does not respond to performance, creating the need for alternative financing is something we need to consider.We are currently exploring the option of taking both the ECOTEK 360 and Authentic Heroes subsidiaries public through the advent of a REG A+ offering or other options if they become available.Both of these valuable subsidiaries are currently sequestered under Global’s holding company umbrella and devoid of any value whatsoever.Separating them from the parent organization could yield multiple benefits by monetizing the “value producing assets” in both Authentic and ECOTEK 360 1. In the event we take one or both subsidiaries public in 2021, there will be a separate trading market for each subsidiary on OTCQB or possibly OTCQX depending on the size of the offering.   2. Global Fiber will still maintain the “controlling interest” in both companies, allowing Global Fiber to consolidate the financial performance of each subsidiary on its own balance sheet and profit and loss statements   3. If one or both of the subsidiaries were to be public companies, the value of Global’s investments in both subsidiaries would be recorded not at the “lower of cost or market” as they are currently, but potentially at “fair market” value creating a substantial increase in “shareholder equity”   4. Coupled with the potential increase in shareholder value we would also be avoiding the inherent dilution that could go along by trying to capitalize both Authentic and ECOTEK 360 by selling equity in an undervalued GFTX.There are several smart and potentially deliverable options on the table and we will keep deductively exploring which option works best for Global Fiber shareholdersWe already have a relationship with an investment banking firm to start to exploring the option of maximizing shareholder value thru creating separate public markets for the Global Fiber subsidiaries and will continue down that path as we move into 2021.There is a lot of workload in front of us and we want to let our shareholders know that the management and Board of Directors is fully committed to making Global Fiber Technologies, Inc., a game changing company in its areas of endeavor.We continue to work very long hours and continue to invest out own monies where needed. We do not take salaries or loans and are “all in” on making 2021 and beyond great years for Global and its shareholders.We hope this sheds light on where we are where we are headed and we look forward to communicating our progress to you in the not too distant future. Safe Harbor Act  Forward-Looking Statements: This release contains statements that constitute forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of Global Fiber Technologies, Inc., its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy. The words "may," "would," "will," "expect," "estimate," "can," "believe," "potential" and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements including those relating to the Company's financing being adequate for the Company to place its products in retail stores, execute its acquisition strategy, and to launch its growth and expansion plans, among others, are not guarantees of future performance and involve risks and uncertainties, many of which are beyond Global Fiber Technologies, Inc.'s ability to control, and actual results may differ materially from those projected in the forward-looking statements as a result of various factors. No information in this press release should be construed in any way whatsoever as an indication of Global Fiber Technologies Inc.'s future revenues, financial performance or stock price. More information about the potential factors that could affect the business and financial results is and will be included in Global Fiber Technologies, Inc., filings with the Securities and Exchange Commission at www.sec.gov.  CONTACT: Chris H Giordano chrisg@globalfibertechnologies.com 1-732-695-4389 EXT 502 Paul Serbiak pauls@globalfibertechnologies.com 1-732-695-4389 EXT 501