Global Tech Ltd (GTLL)

[Slojab]

The majority of R/Ms I've been witness to on the OTC never have the outgoing CEO retain ownership. I can't see the reasoning behind this for Rosen. Especially, when there are plenty of other tickers he could have chosen to take his company public.

[Sheepdog]

Looks like Wayne will be a 25% owner of Tersus. Following the format of his last similar "deals", he keeps a portion for the "existing shareholders", then after 6 months reissues them to himself for "Back pay" due, leaving the existing shareholders with nothing but their one for 4,000 diluted shares that have dropped back down to pennies.

A fairly quick trip to 99% losses on top of losses already incurred.

[Slojab]

None has been given. The only mention of it from management was in the pr.

https://investorshub.advfn.com/boards/read_msg.aspx?message_id=168162173

[Catmandoo]

What's date for R/S.. Anderson did multiple R/S's on all his other scams too.

[tapioca]

The dumping here will be crazy after
the r/s.

[Slojab]

More accurately ....

https://www.otcmarkets.com/stock/GTLL/security

[okwife]

GTLL O/S 14BILLION?

[Sheepdog]

Tersus is starting out as every scam starts out.....with only claims of a great idea and a website....

But that in itself does not mean Tersus is a scam. We can not even express an opinion about that until we can at least see financials and ownership info.

But we do know GTLL is just a scam.

[learninfast]

Is Tersus a scam as well?

[Catmandoo]

Wayne and his Tersus Power BS..just like his other scam UNGS..

[Catmandoo]

Holy Shitzo,landslide in progress,Wayne doing it again.

[Adedier]

Dog water. Delusional souls on Twitter trying to justify this reverse split

[Sheepdog]

I am wondering why Tersus is giving 25% of the new company to Wayne?...Doesn't make sense.

[Slojab]

To be fair, Rosen is only doing what any CEO would do in order to benefit Tersus shareholders. He has no allegiance to anyone playing GTLL.

Anderson failed and bailed. It shouldn't have come as a surprise since his past was brought to the board

Now whether Tersus is a viable startup remains to be seen.

[blym]

Not sure how anyone can have faith in Tersus here. They are culpable in “effing” the longs. Wonder if that is why the CEO is essentially a ghost. Starting off on the wrong foot. I am going to make sure that ANYONE interested in buying this stock going forward knows the history (all facts from tweets, PRs and filings) and how they screwed GTLL shareholders. Facebook, Instagram, LinkedIn, Discord, ihub, yahoo finance, Reddit, stockchasers, and so on. My new F-ing full time job. JWA and Tersus cannot be trusted.

[Slojab]

It had a nice run over 2 cents where people could have made money if they were nimble during the 2 and 1/2 month run. Before that, it was dead money.

But that run is recognized as being wholly unjustified, of course.

(Wow. Been here over 11 years warning people)

[tapioca]

Well you guys have been warning people for
quite some time here. I own under a million
shares so no big loss for me, and will
probably end up being a write off next year.

[blym]

What a POS company

[just4fun2]

The DUMPING IS STRONG with this one ..,,

[Slojab]

One problem that a $40 ticker poses, from a psychological viewpoint at least, is getting OTC players interested in the stock. It's hard to imagine a ticker at $.40 rising at a rate as fast as what a ticker trading at say $.0004 could.

But there's the prospect that GTLL will be at $.0004 soon enough, I guess.

[tapioca]

Oh right, no zero in front of 4, lol

[just4fun2]

Well I was wrong , and I apologize to all ! This is not how I thought this would go ! Jimmy SCREWED HIS INVESTORS OVER so very disappointing!!

[Slojab]

I'll have to correct you, tap.

At $.001, a 1:4000 R/S brings the sp up to $4.

[tapioca]

Correct me if I'm wrong but even a 4,000:1 R/S
from it's current price, would only take it to .04
or less if it keeps dropping further into trips here.
It'll be back to sub penny in a matter of days.

[tapioca]

Down the toilet it goes.

[Sheepdog]

Yup....an effective increase in the authorized of 3,333%......or 13,333% if the RS is 1 for 4,000.

Holy moly...can anybody spell dilution?

[Slojab]

Yes. They'll get wiped out as Tersus dilutes the stock after the R/S and issues tons of shares to company officers and insiders.

If on the low side they do the R/S at 1:1000 that will reduce the A/S to 13,286,280 while the A/S is only brought down to 500M, which is just a comparable 1:30 reduction.

[blym]

As I said:

“The only way will be a crazy reverse split, like 1000 to 1, which will decimate bagholders like me”.

It’s even worse than I predicted.

[Sheepdog]

Confirmed today.

[Sheepdog]

After Wayne converts and the Reverse split, existing street shareholders will be pretty much wiped out....

....But Wayne will do great....as is always the case when Wayne negotiates with Wayne on behalf of the shareholders.

[just4fun2]

News

https://newsfilter.io/articles/8-k-form---current-report-items-101-201-302-and-901---global-technologies-ltd-0000932021-filer-b1f2d6cf82a088e0e826991956f504c7

[Slojab]

As previously announced on November 17, 2021, Global Technologies, Ltd (the “Company”) entered into a Letter of Intent to acquire Tersus Power, Inc. (“Tersus Power”). On March 9, 2022, the Company entered into a Share Exchange Agreement (the “Exchange Agreement”) with Tersus Power and the Tersus Shareholders. Under the terms of the Exchange Agreement, at Closing the Company shall deliver to the Tersus Shareholders a to-be-determined pro-rata number of shares of the Company’s Class A Common Stock for each one (1) share of Tersus common stock held by the Tersus Shareholder (the “Exchange Ratio”). Such shares of the Company’s Class A Common Stock shall collectively (i) be referred to as the “Exchange Shares”, and (ii) constitute 75% of the issued and outstanding shares of stock, of all classes, of the Company immediately following the Closing. Conditions precedent to the Closing shall require the Company to complete the following corporate actions: (i) the Company will have completed a merger with and into its wholly owned subsidiary sufficient to change its name to “Tersus Power, Inc.”, a Delaware corporation, with an authorized capital of 500 million shares of common stock (of one class), and 10 million shares of preferred stock (none of which will be authorized as a particular series), (ii) the Company will have completed, and FINRA will have recognized and effectuated, a reverse split of its common stock in a range between 1-for-1,000 and 1-for-4,000, at a level that is acceptable to the Parties, (iii) all of the holders of the Company’s Series K Preferred Stock and Series L Preferred Stock will have converted their preferred shares into Class A Common Stock of the Company, and (iv) certain nominees by the Tersus Shareholders shall be appointed to the Company’s Board of Directors.

https://www.otcmarkets.com/filing/html?id=15649236&guid=zWHwkHFvU45-V3h

[just4fun2]

Nope ! I seen the same thing on there too and check out level 2 , and thought I would share it here too in case others don’t have Twitter here , it’s coming pretty much all BUYS so far !!!!….

[blym]

Think I just saw this posted on Twitter. You?

[just4fun2]

Looks like the loading is almost done !! The Ask is thinning right out !! Should start seeing a move North very soon!!

[Catmandoo]

Funny,now every stock comes down for big loaders,only in Pinkyland.

[blym]

Probably an insider as part of “Operation Dilution”.

[just4fun2]

This has been pulled down for someone to load over 26mill at 0.0011 this is going to Run hard !! Imo

[36Knuckle]

Outstanding Shares Updated:
?? 12,186,280,599 (2022-02-15)
?? 13,286,280,599 (2022-03-07)
Difference: +9.0% (+1.1B)

Restricted Shares Updated:
?? 254,108,863 (2022-02-15)
?? 1,354,108,863 (2022-03-07)
Difference: +432.9% (+1.1B)

[Sheepdog]

It can take many years for Wayne to complete his 3 month scams. And by complete, I mean the amount of time most of his followers realize it was a scam....but by then they are hooked on his next 3 month scam for years.

It's the nature of scams by good scammers.

[Catmandoo]

Four months now,No Tersus hydrogen even mentioned,another one by Anderson like his Ungs halted.

[Sheepdog]

The MOM dividend, as they are calling it, is likely near-worthless.

That's good for GTLL.....because if it was worth anything, the divesting would reduce the value of GTLL after any "spin-off".

But then, as well as MOM, GTLL itself has no value.

[blym]

This is all made up bullshit IMO do your own DD etc. The MOM dividend, as they are calling it, is likely near-worthless. Think about this, they have exclusive rights to ship that baby wrap. Fewer than 5000 have been sold, allegedly. Let’s say they sell 50,000 more, which will never happen. MOM gets paid maybe a buck fifty to ship each one. In that scenario it would yield 75K total profit. Meanwhile, JWA charges mileage to drive each individual package to the post office, because that’s the shipping, and that money is gone in a flash. Now on to GTLL. They essentially have some drawings and concepts, and a pad for lease in Pittsburgh, where they can put a prototype. This is going to the NASDAQ? Give me a break. The only way will be a crazy reverse split, like 1000 to 1, which will decimate bagholders like me.

[Sheepdog]

And just how is this POS going NASDAQ at .0014? Are they saying, wherever you read this, that there is also going to be a reverse split in GTLL?

Or is it all just made up Bullshit?

[just4fun2]

Where are you hearing this info? Source please

[Jotilla]

News is coming out on MOM spin-off and dividend plus merger all at once. Ex dividend date to be March 15. Little change on float. Going nasdaq after merger. Mom stays otc. Load up this is going to the moon…

[blym]

This was several days ago. My bags are packed. I’m on the boat. Why are we still at the dock?

[CJ Investor]

$GTLL Load the boat she about to leave the Harbor!!!!

[blym]

.0001. Probably 1000 shares for every
Million held. Unfortunately it will be a freaking joke.

[blym]

Yeah, but this tummy ticker thing is gold. The company sells on Shopify. LOMFingL