Global Entertainment Holdings Inc (GBHL)

[2times2]

Merger with 25M revenue company and close to no debt:
Global Entertainment Holdings Completes Share Exchange Merger with Mesa Garage Doors
GLOBENEWSWIRE 10:36 PM ET 2/9/2023

LOS ANGELES, Feb. 09, 2023 (GLOBE NEWSWIRE) -- Global Entertainment Holdings, Inc.(GBHL) (the "Company" or "Global"), an independent global entertainment content production and OTT streaming distribution company, today announced the completion of a share exchange transaction with DCE Construction, Inc., d/b/a Mesa Garage Doors (“Mesa”), a Southern California-based leader in home improvement solutions focused on selling, servicing and installing garage and entry doors as well as custom gates. This transaction follows an initial transaction which closed on January 9, 2023 where the founders of Mesa purchased a controlling interest in the Company through the acquisition of the substantial majority of Global’s Series C Convertible Preferred Stock.

The transaction was effected through a Share Exchange and Reorganization Agreement. Both Mesa and Global are currently undergoing a two year audit by PCOAB registered audit firms that is expected to be complete in the next two months. The completion of the audits will position the Company to become a fully reporting company with the Securities and Exchange Commission (“SEC”). The Company has minimal debt together with gross revenues of over $21.5 million in 2022.

Mesa is led by Dwight Esnard and Michael Layman. Mr. Esnard started the company over 30 years ago and Mr. Layman joined the company more than 20 years ago. Concurrently with the closing of the transaction, Messrs. Esnard and Layman were appointed as the Chief Executive Officer and President of the Company and will serve on the Company’s Board of Directors along with a third, independent director. The existing officers and directors of Global resigned at the closing and they have been appointed to similar positions with the Company’s subsidiary, Global Universal Film Group Inc. The Company plans to divest and “spin-out” all of its entertainment operations and subsidiaries, and will be providing updates soon on the future of the entertainment division of the Company.

Dwight Esnard, the Chief Executive Officer of the Company and founder of Mesa commented, “Going public is the beginning of an exciting new chapter for Mesa to continue our trajectory for growth with an increased focus in Los Angeles, San Diego, Ventura, and Riverside Counties, as well as through expanding our product and service offerings to other areas of home and property improvement. We plan to roll out an aggressive growth strategy in the near future to expand our reach to new locations as well as acquiring strategically aligned companies to expand our market share. This transaction, which makes Mesa a publicly-traded company, is integral to achieving those strategic goals.”
The Company plans on filing various corporate actions with FINRA to ensure the Company’s name and ticker symbol are aligned with Mesa’s business in addition to satisfying the uplisting requirements for a major US stock exchange. The Company plans on filing a registration statement to become a reporting company with SEC upon the audits being completed.

About Mesa Garage Doors, Inc.
Founded over 30 years ago, Mesa Garage Doors, Inc, (www.mesagaragedoors.com) (“MESA”) is the clear Southern California leader in the otherwise highly fragmented business of sales, installation, and service for garage doors. Over these 30 years, Mesa has serviced well over a half million customers utilizing its own staff of installers, technicians, and repair employees. With a strong reputation and extensive customer base, Mesa has leveraged its financial strength, scalability, operations & service call center and professional management to arguably become the single largest garage door specialty company in the United States. While Mesa’s current corporate name certainly implies garage doors, the Company has expanded over the years to include other related installations and services for entry doors, custom wood gates, and garage door openers and is planning additional expansion over the coming months.

[Power of Emouna]

GBHL looking good! Are they acquiring a company? $GBHL

[ty3]

RS ? How did that come into play ? Lol thought they were just buying company? Hopefully better then the last one ???

[White Lightning]

I doubt if it will go that low. If they buy a decent company with good revenue this will go up very fast. Just a little over a billion outstanding shares right now. That’s pretty impressive for a penny stock. I think the bottom is almost in.

On watch for now

[TRUSTUNITS1000000]

Hard to tell buy or not or wait for maybe 0.0001 speculating

[TRUSTUNITS1000000]

Wonder how many shares they will issue and then maybe a r s

[ty3]

OK, got it! Agreed!!

[ty3]

No Idea what that is, can you please educate me?

[White Lightning]

Okay. PCOAB registered audit firm. This looks really good here. So if everything comes back good from the audit firm then there buying a company.

This is great news!!!

Will see what happens here

[White Lightning]

So there buying PCOAB registered audit firms?

[ty3]

See post 26005. They have a consumer brands company in mind. I might be reading incorrectly?

[White Lightning]

GBHL they haven’t found a company to buy yet. If they’re smart they will fine a great company with good income already. Then they can get GBHL stock up to a dollar. Then they don’t need to dilute so many shares to pay for the company.

That would be the best way for the company.

Have this one on my watch list.

[ty3]

Hope they buy a better company this time lol. Last one sure is a POS !

[White Lightning]

I was in GBHL about 2 years ago. Thinking about getting back into it. Looks like it might run again soon!!

[TRUSTUNITS1000000]

0.0001 thinking

[TRUSTUNITS1000000]

Interesting company n terms of where headed, recent news

[TRUSTUNITS1000000]

Could this be the bottom

[Barauch]

Article on GBHL. Only a portion of the new authorized shares will be used to acquire the consumer products company.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=170978308

[ty3]

If my math is correct 15000000000 times .0009 = $15.5 million. They could buy a good company with that much ?

[ty3]

Good bye low float and fast mover !!

[2times2]

Global Entertainment Holdings Announces New Developments In Growth Strategy
LOS ANGELES, CA, January 18, 2023 -- Global Entertainment Holdings, Inc. (OTC: GBHL) (the
"Company" or "Global"), an independent global entertainment content production and OTT streaming
distribution company has announced that the Company together with certain of its shareholders have
completed a Securities Purchase Agreement (the “Transaction”) relating to the sale of a majority of the
Company’s Series C Preferred Shares, which results in a change in the voting control of Global.
This Transaction will enable the Company to begin the process of acquiring, in a cashless exchange of
stock, a successful California-based company engaged in the manufacture, sale and installation of home
improvement products. As previously disclosed in its OTC Market filings, the Company has been pursuing
acquisitions for a Consumer Brands division that exhibit excellent potential for organic growth.
Additionally, the Company has authorized an increase in the Company’s authorized common stock to
approximately 15.95 billion to be used as a “currency” to fuel its acquisition strategy, a portion of which
such restricted shares will be used to facilitate the acquisition of the aforementioned California-based
company. Both the targeted operating company and Global have retained PCOAB registered audit firms to
conduct audits of both respective companies in anticipation of Global returning to SEC reporting status.
Gary Rasmussen, CEO of the Company commented, "The acquisition of this consumer products company
through the issuance of our common stock fulfills our previously announced plan to purchase a well
established and profitable business as a means of both diversifying our operations, as well as providing a
strategic advancement of our overall groth strategy to develop long-term value for our shareholders. Further
details regarding this transaction will be announced on a timely basis as they occur

[Tom turtles]

Just another headfake...back to .001 mother fuc

[subtlerise]

the good thing is GBHL o/s in otc land is considered on the lower side of things compared to others out there that have 20 billion-30 bill etc so the risk is lower here and the last time an rs was done was in 2007 with a mild 10/1

Back 15-20 years ago the r/s was way more common but the ceo's learned that too many would scare off investor/traders later so they started going to higher o/s ...a/s and peeps just got used to it still making money even on those high ones.
Part of the risk game in the otc.
in 2009 I bought a stock that shortly after did a huge r/s and 1 share left sat in my account for years but then in 2019 decided to check it out again and discovered the share structure hadn't changed in a long time and was low.So just based on that slowly accumulated.....a rumor of a merger and then the reality of that happened and presto.....made more money on 1 stock than the previous 10 years.
So ......big risk......big reward......but imo.....most traders have the same experience you've had.....taken some blows and had some wins.
If someone would have nagged u on risk of an r/s u likely would have ignored that cause you were "feeling" great at the time.
the most valuable lessons come from your own experience

[Tom turtles]

Pennyland ...meaning $2.00 and Under...is just like throwing your money out the window ...unless your able to short every stock. Sometimes it costs an outrageous amount to short 1 share of a penny stock.

[Tom turtles]

Ran past a penny in the past year twice....I bought millions months ago ....and here I wait....FOREVER ! Why is it when I'm in a stock...it never, ever happens ????? WHY ???? I'll just buy a stocks day before a surprise RS and lose 40% in a fuckin day. I think the fuckin reserve split should be outlawed. You got a certain number of shares over an expended period of time...if you can't turn a profit in that amount of time....go fuck yourself.

[subtlerise]

GBHL....lookin like some group loaded up this morning

[Power of Emouna]

GBHL setting up for big run! $GBHL

[PENNY DIPZ]

WOW LOOK AT THAT BID!!!! DONT BE CHEAP HERE FOLKS, SLAP THAT ASK!!!!!!!! $$$$$$$GBHL$$$$$$$$$

[Tom turtles]

Let her rip

[OnTrack444]

26M bid just popped up at .0012! Party ready to get started?!? $$$ GBHL $$$

[OnTrack444]

This is your loading zone folks! This one is a proven runner time after time just have to give it time! $$$ GBHL $$$

[OnTrack444]

Yup! Now is when you want to load 25M! We have been here before and turned massive gains! GLTA $$$

[Tom turtles]

Been waiting....YAWN

[subtlerise]

GBHL Market Cap Market Cap...1,242,515.....10/24/2022
Authorized Shares....1,950,000,000.....10/03/2022
Outstanding Shares....1,242,515,152...... 10/03/2022
Restricted...199,912,044...... 10/03/2022
Unrestricted...1,042,603,108 ......10/03/2022

[OnTrack444]

Yes, kinda nice! I think we will see some loading here over this week… this one is always a good ticker for a spike and it’s long overdue!

[Tom turtles]

We have movement.

[TRUSTUNITS1000000]

Had many small runs over the years

[TRUSTUNITS1000000]

Weird company

[TRUSTUNITS1000000]

Not many shares outstanding

[TRUSTUNITS1000000]

Last financials clean

[Tom turtles]

Where is that 3rd spike to a penny. Never ,ever happens when I'm holding this POS...

[m_m007]

Still in the teens, man this cannot get out of these levels

[€LL-$G7$]

GBHL finally posted something..?
Might be time again uh

[Golden Cross]

Looking up

[Golden Cross]

GBHL Liking that volume

[ty3]

Hummm

[2times2]

Global Ent Holdings tweet: Our June 30, 2022 report with OTC Markets was just filed: and can be viewed here: https://www.otcmarkets.com/stock/GBHL/disclosure
Our recent acquisition is disclosed in Subsequent Events (end of report). News to follow. @GBHL

also look at this: [img]http://pbs.twimg.com/media/FaOISpbWAAAD5BY?format=jpg&name=small
[/img]

[OnTrack444]

Interesting….. buying is 3:1 today and volume has spiked big time! 16M in the 1st 2 1/2 hours…. $$$ loading $$$

[ty3]

Anyone here have Twitter and could ask these ghosts whats in the works?

[OnTrack444]

Someone is really working this to keep it down…. They are loading it IMO! 20-200k sells at .0014 range. They are selling to themselves IMO! Trying to creat frustration for others to dump! GLTA because when this one blasts off it really goes! $$$