[$PennyMover]

https://x.com/GlobalTechGTLL/status/1861032041392845116

[Sheepdog]

They "sold" a lot of preferred shares. "Sold" as in giveaways. The value of those shares had been shown as a liability. When those preferred shares were issued, that liability went away thus having the effect of increasing shareholder equity.

Showing that shareholders giving away equity actually increases equity. But only in the pinkies.

[$PennyMover]

Not sure how they came up with the figures but the company posted and I shared it.

[Slojab]

Any idea where that figure comes from and how it's derived?

Revenue from the quarter was $669,431, with a net income of $256,549. While positive, it's not as impressive as the shareholder equity figure shows.

Also, quarter to quarter is more representative of where things stand at present and going forward, than comparing to a year ago. They didn't even have operating businesses a year ago.

[Sheepdog]

Which of course is bullshit because most of the "gain" was from selling stock and not operations.

[$PennyMover]

https://x.com/GlobalTechGTLL/status/1856401643937640894

[Slojab]

Global Technologies, Ltd. Announces Its Financial Results for the Quarter Ended September 30, 2024 with Major Financial Highlights and Accomplishments

Revenue and Shareholder Equity Continue to Increase

Parsippany, NJ, Nov. 12, 2024 (GLOBE NEWSWIRE) -- Global Technologies, Ltd. (OTC: GTLL), a Delaware corporation, today announced its financial results for the quarter ended September 30, 2024.

Financial Highlights:

-Shareholder Equity increase of $4,842,205 at September 30, 2024 from September 30, 2023;

-Revenue increase of $669,431 for the quarter ended September 30, 2024 versus September, 30, 2023, or 100.00%;

-Gross Profit increase of $477,542 for the quarter ended September 30, 2024 versus September 30, 2023, or 100.00%;

-Net income of $256,549 for the quarter ended September 30, 2024 versus $1,224,822 for the quarter ended September 30, 2023. The decrease in net income for the quarter ended September 30, 2024 is largely due to a gain in derivative liability recognized during the quarter ended September 30, 2023 that was not recognized during the quarter ended September 30, 2024.

Financial Commentary:

- Shareholder Equity: At September 30, 2024, shareholder equity increased to $1,789,020, an increase of $256,549 from June 30, 2024 and $4,842,205 from September 30, 2023. The increase in shareholder equity for the quarter ended September 30, 2024 is largely attributable to the Company’s increase in revenue;

- Revenue Generation: For the quarter ended September 30, 2024, Global Technologies reported revenues of $669,431, an increase of $669,431 as compared to the quarter ended September 30, 2023. The Company’s increase in revenue was largely attributable to 10 Fold Services with GOe3 contributing with its initial sales;

- Gross Profit: The Company achieved a gross profit of $477,542 for the quarter ended September 30, 2024 an increase of $477,542 as compared to the quarter ended September 30, 2023. The Company anticipates that its gross profit will continue to improve as it enters into new Sales Agreements;

- Net Income: The Company achieved net income of $256,549 for the quarter ended September 30, 2024, compared to net income of $1,224,822 for the quarter ended September 30, 2023. The decrease in net income for the quarter ended September 30, 2024 is largely due to a gain in derivative liability recognized during the quarter ended September 30, 2023 that was not recognized during the quarter ended September 30, 2024.

Accomplishments Since Quarter End:

-Formed PrimeCare Supply, LLC, a Wyoming limited liability company, to enter into new Sales Agreements with additional pharmaceutical suppliers;

-Company continues to pay down on its dilutive convertible debt and notes payable;

-Continued development of the Company’s Customer Relationship Management Sales Platform software instrumental in the increase in customers and revenue;

-GOe3 continues to align itself with the General Services Administration in an effort to becoming a multiple awards schedule holder in order that they may be awarded contracts through the latest Clean Energy Infrastructure bill, grants, and tax credits.

Management Commentary:

"Our continued growth demonstrates our team’s ability to consistently drive improvement through the use of our technology," said Fredrick Cutcher, CEO of Global Technologies Ltd. "We are glad to see the maturation of GOe3 with its initial sales and expect to see further expansion of revenues from them over the next year.”

Future Outlook:

Global Technologies remains committed to expanding its market presence in the health and wellness and EV sectors. The Company anticipates continued operational improvements and an increase in its revenue as it further develops its subsidiaries' capabilities and explores new strategic opportunities.

The Company will continue to invest in top talent at the executive level and in selective technology to drive organic growth.

The Company’s Quarterly Report for the quarter ended September 30, 2024 can be found on the Securities and Exchange Commission’s website at www.sec.gov and on the Company’s website at www.globaltechnologiesltd.info.

[$PennyMover]

https://x.com/GlobalTechGTLL/status/1856347535268266268

[$PennyMover]

https://x.com/GlobalTechGTLL/status/1856318672416976961

[Sheepdog]

This is another pinky scam built around common shareholder ignorance. Common shares are nearly worthless based on the conversion structures in play. And that is only if this is ever a real company. If it is not, then the common shares are totally worthless.

So buy away.

[Mooseisloose1]

Near future? No, probably not

The shell was removed too. 

Definitely looks better than it did when they were trying to merge with Tersus.

[BadaBingPebble]

Does any of that give hope to shareholders for anything meaningful in the very near future?

[Mooseisloose1]

Wayne's just a share holder now.
Their last note hit 2 weeks ago.
They showed 1 mill in revenue from the Phrama ventures on last fins

And GOE3 still has potential with Bruce taking over. 

[invest007]

I was hoping for better returns in 2024, but that has not happened lol. All the best.

[tapioca]

Why not, look at that support at 0002. I don’t watch this one too closely and am not concerned really with what drives a pinky up. Could care less. Speculation, rumors, are what usually drive stinky pinkies.

[Slojab]

Why should there be volume?

[tapioca]

3’s are thin, where’s the volume

[Slojab]

I am, thanks. Hope you're doing well in other investments besides GTLL. 🙂

[invest007]

Thanks for the update sir! I hope you are doing well :)

[Slojab]

Annual report is out.

https://www.otcmarkets.com/filing/html?id=17854042&guid=6mL-kWUl8lVaJth

[Sheepdog]

The reported Short Volume amount does nothing to delineate it's source. It could vary well be due to "dilution or retail selling off". Or any number of other things. It merely reports which leg of a 2 leg trade is executed first. If the buy side is the first, it is long and if the sell side is first it is labeled short. All, or almost all, of both such short or long trades are cleared in microseconds with the flip side of the trade.

[Slojab]

Yep. just MMs doing their jobs to create an orderly market.

Now, it's up to Cutcher to create market demand.

"Over the past 12 months, we have taken steps to increase shareholder equity through an expansion of our operations and subsequent increase in revenue, decrease in debt and other measures," said Fredrick Cutcher, Chief Executive Officer of Global Technologies, Ltd. "We are extremely excited to keep pushing forward to our goal of an uplist to the NASDAQ or a National Exchange."

[Ryan_chris]

I’m not implying a short squeeze. I simply stated that volume was not dilution or retail selling off. It was short volume

[Slojab]

Freedom-2-Thrive, LLC and Eagle Log Cabins, LLC

You can look them up at the Washington State SOS website. You don't need to log in to do a corporate search.

https://ccfs.sos.wa.gov/?_gl=1*4obdrt*_ga*MzgwNDIzNzAuMTcyNDI1MjA1Mw..*_ga_7B08VE04WV*MTcyNDI1MjA1My4xLjEuMTcyNDI1MjExNi4wLjAuMA..#/Home

[$PennyMover]

I don't doubt there's something short out there, interest or volume.

I'm just waiting for him to kick this thing and gear and get it going

[Slojab]

I doubt a short squeeze is happening, as well.

I guess Ryan thinks so, though, so you never know, huh?

[BadaBingPebble]

I've conceded to not adding for quite some time now. Just been riding the wave and hoping for something positive to exit at the very least even, or with a small profit. Been in now for over 3 years. I've never shorted a stock. I do not even have a margin account, so that's not happening.

[Slojab]

Better buy all you can before the short squeeze!

[BadaBingPebble]

https://x.com/LiquidityNews/status/1826045823227981910

[Sheepdog]

So it is a meaningless number and not worth mentioning. Yet you keep mentioning it. Why?

[Slojab]

Thomas Feller

https://freedom2thrivetinyhouse.com/

[Slojab]

Trying to imply there'll be a short squeeze in the ticker id what's disingenuous.

But if people are too lazy to learn the truth rather than listen to some anonymous poster (yes, that includes both of us) they do so at their peril.

So have fun touting Finra's daily numbers. I'm not wasting my time with it.

Oh, and while people research how a MM makes a market in theses trip zero tickers, research how much it costs to do so. It's expensive and also comes with the risk that it might get pumped to where covering is necessary. That's any investors worse nightmare.

[Slojab]

I know what you said. I in return mentioned short interest to correct the implication you'rte making. I'm allowed to do that, you see. Short "volume" is relatively meaningless data no matter how you post about it. Learn how MMs make a market in these low-priced OTC stocks and then you won't be misleading anyone in thinking there'll be a short squeeze coming.

FYI, OTC Markets doesn't always bother to update the short interest numbers if they don't change. When they do, they will.

[Ryan_chris]

Yeah baba. I wouldn’t believe this slojab guy further than I could throw it. Referencing short interest numbers from 5 months ago is pretty disingenuous.

[Ryan_chris]

Can you read? I said short VOLUME not short interest.

295M shares were sold short 8/20.

PS. That short interest number you reference is from March 15 2024. FINRA doesn’t even update short interest for these OTC stocks as they should but go on telling me I don’t know what I’m looking at

[Ryan_chris]

Short volume is the number of shares sold SHORT in any given period. In this instance, we’re talking the short volume from 8/20 which was 295M shares sold short.

[Slojab]

Hey, Bada, do yourself a favor and don't automatically believe anyone on these boards when you can research a topic for yourself so you know the truth of something.

There's Finra's daily short numbers and then there's short interest. They're interrelated but you need to know how MMs make a market in a stock.

If you already know how it works, never mind. But others reading this board may take my advice if they don't.

[Slojab]

Wrong.

Short Interest 3,039 shares.

Most people know the difference between short volume and short interest. Become one of those people.