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Global Tech Industries Group, Inc. remains under a Nevada court-appointed receivership established on September 18, 2024 in the White Rocks (BVI) Holdings Inc. matter, with Paul L. Strickland serving as Receiver. On July 17, 2026, the Receiver submitted a Comprehensive Status Report and consolidated investigation and administration report to the court.
The report consolidates the first through seventh interim reports and describes the origin of the receivership and GTII’s business, the Receiver’s investigation into the conduct of former officers, directors, and affiliated professionals, assets marshaled and related settlements and recoveries, the status of audits for the fiscal years ended December 31, 2023 and December 31, 2024 and the company’s return to SEC reporting compliance, claims against the estate, the court’s Freeze and Transfer Orders, Receiver fees and estate administration, and a plan to conclude the receivership on terms intended to preserve and enhance value for GTII’s public shareholders.
Global Tech Industries Group, Inc. reports that its court-appointed receiver has determined that, as of 5:00 p.m. EST on December 29, 2025, Gold Transaction International, Inc. (GTI Gold) is no longer a subsidiary of the company and that ownership of GTI Gold has been assigned to its manager, Todd Chisholm.
The filing notes that this divestiture does not release GTI Gold, its managers, former members, or agents from any potential claims or liability. The receiver states he is exercising authority granted by a prior court order, which permits him to undo certain transfers and contracts and to seek claw-backs, cancellations, freezes, or disgorgement of issuances, payments, and transfers to related parties where he deems it necessary and appropriate.
Global Tech Industries Group, Inc. (GTII) reported two court-related updates. The court-appointed receiver filed a Fifth Interim Report dated November 1, 2025, consistent with the company’s ongoing receivership in Nevada District Court.
The filing also notes a Notice of Entry of Clerk’s Entry of Default Against Astra Energy, Inc. in a case brought by GTII’s subsidiary, TTII Strategic Acquisitions and Equity Group, Inc. The dispute stems from a February 16, 2023 loan agreement under which TTII lent Astra $100,000 for a 12‑month term at 10% annual interest, with quarterly interest payments, a $500 per day late fee provision, and collateral via assignment of Patent No. US 2020/0164381 A1. The Receiver states an intent to pursue available legal actions to collect on the default judgment.
Global Tech Industries Group, Inc. reports a receivership-related development involving certain creditors. The company is under a court-appointed receivership in a Nevada case in which Paul L. Strickland serves as receiver. On September 22, 2025, the receiver and four alleged creditors—Bronx Family Eyecare, Nikolay Bitsenko, Michael Andreyev and Dr. Igor Kirzhner—filed a Stipulation and Order. This filing extends the established creditor claims bar date from September 15, 2025 to November 14, 2025, but only for these four alleged creditors. The parties have reached terms to settle these creditors’ claims and are working to document a written settlement agreement and related releases, which will be subject to court approval. A copy of the stipulation is included as an exhibit.