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Balance sheets do not show revenue. Many small biotech companies show no revenue, but are not deemed shells.
Still no revenue reported from all the subsidiaries they list.
Subsidiary Type State / Foreign Jurisdiction
TCBM Holdings, LLC LLC Delaware
HMNRTH, LLC LLC Delaware
911 Help Now, LLC LLC Delaware
Markets on Main, LLC LLC Florida
Tersus Power, Inc. C Corporation Delaware
Fox Trot Tango, LLC LLC Wyoming
10 Fold Services, LLC
What's their revenue for the last year?
And GTLL obviously fits into that category. What's interesting is that it was assigned shell status just now, after the announcement of the purchase of GOe3. A company that's been in business since 2011. This is from a 2015 article.
"Scottsdale, Ariz.-based GOe3 is building a network of EV charging stations on interstate highways."
"So far, GOe3 has built seven charging stations."
How many do they have now? What's their revenue for the last year? Shareholders need more information.
A shell corporation is a corporation without operations or significant assets. The last Q showed that the company is balance sheet insolvent with no revenue. It is a shell. Takes 15 seconds to see that in the financials.
Frankly, I don't know what criteria OTC Markets use for setting that warning. They have subsidiaries, although they don't earn revenue, and have recently purchased GOe3. If I were a shareholder, I'd be far more concerned about the share structure going forward, as their A/S is maxed out.
Oh? Do you mean to say that the latest filings showed the Company had no revenue or business operations?
Of course they said that...those are the facts.
.
"Shell Risk Badge Added", no biggie IMO. Only because they got current on their filings. Seen this before, not a surprise.
GOe3 Revolutionizes EV Charging Through Innovative Infrastructure and Digital Connectivity
Parsippany, NJ, Jan. 17, 2024 (GLOBE NEWSWIRE) -- GOe3, the Scottsdale-based electric vehicle (EV) infrastructure company, is at the forefront of revolutionizing the travel industry through an innovative EV charging solution that benefits both business and consumer while addressing the struggles of the nation’s current energy grid. The Company is expanding its horizons in 2024, starting with a merger with Global Technologies Ltd. (GTLL: OTC Pink) in the first quarter of the year and an upcoming expansion of production capabilities.
“We don’t have a problem generating the energy, we have a problem properly distributing it,” said Brian Brimacombe, GOe3 Chief Executive Officer. “We’re trying to change that through the use of solutions like bidirectional charging and technology designs that allow our charging stations to be virtually obsolete proof.”
The innovation in the GOe3 charging station is its design as a modular system that allows for the swapping of parts as technology advances while still maintaining UL and UCL certifications. The Company’s patent pending technology avoids the problems faced by other EV charging station manufacturers when needed upgrades make their systems obsolete.
GOe3 charging stations also allow for bidirectional charging, which allows a charged electric vehicle to send energy back into the grid for use by other devices while it is connected to a charging station.
A pioneer in EV charging stations, GOe3 has always focused on the future and the changing needs of the electric car landscape while designing and implementing charging stations. That forward-thinking approach has led to the development of a superior charging station, but Brimacombe’s vision also includes an interconnected world for travelers and businesses.
GOe3’s digital mobility business unit provides drivers with station locations, trip planning, coupons and more at their fingertips through a smartphone app, while giving businesses an advertising platform.
According to Brimacombe, a 255,000-square-foot manufacturing and production facility in Georgia is slated to be fully operational by year’s end. As the company continues to build nationwide momentum, a major contract with a leading tiny-homes manufacturer will further highlight the advantages of GOe3’s proprietary vehicle to grid charging environment.
To learn more about the infrastructure and digital mobility solutions offered by GOe3, visit goe3.com.
About GOe3:
GOe3, LLC (“GOe3”) began operations on February 12, 2000. GOe3 intends on building and operating a network of universal electric vehicle (“EV”) charging stations within 45-75 miles of selected interstate highways across the U.S. GOe3 believes its patent-pending charging station design will be a vital component to the electric vehicle charging station expansion.
About Global Technologies:
Global Technologies, Ltd. (OTC Pink: GTLL) is a publicly traded company with a strong focus on entering new markets including the acquisition and redevelopment of distressed properties. The company seeks to capitalize on underutilized or undervalued assets, creating opportunities for growth, and delivering exceptional value to shareholders.
Contact:
Global Technologies, Ltd
(973) 233-5151
info@globaltechnologiesltd.info
Media Contact GOe3:
Ania Kubicki
ANGLES Communications
Call/Text: 480-277-9245
ania@anglespr.com
https://www.globenewswire.com/newsroom/ti?nf=OTAxOTIxNyM2MDIxNjA2IzUwMDA3MDc2NQ==
https://ml.globenewswire.com/media/MWE0ODQyZWItZmI3NS00NjgwLTg3ZGQtMmMzYWFjNjZmMDJjLTUwMDA3MDc2NQ==/tiny/Global-Technologies-Ltd-.png
Source: Global Technologies, Ltd
© 2024 GlobeNewswire, Inc.
https://www.otcmarkets.com/stock/GTLL/news/story?e&id=2741769
Global Technologies, Ltd. Enters into Letter of Intent to Acquire EV Space Company, GOe3, LLC
Parsippany, NJ, Jan. 02, 2024 (GLOBE NEWSWIRE) -- Global Technologies, Ltd. (OTC Pink:GTLL), a company with operations in the acquisition and redevelopment of distressed properties, is pleased to announce that the Company will expand its operations by entering into the EV space through its execution of a non-binding Letter of Intent (“LOI”) to acquire GOe3, LLC (“GOe3”).
The LOI sets forth the proposed terms and conditions pursuant to which the Company and GOe3 intend to effect a business combination, as a result of which GOe3 will conduct business as a wholly-owned subsidiary of the Company (“Proposed Transaction”). The Company anticipates that the Proposed Transaction will be structured as a share-for-share exchange, with the Company’s shareholders retaining 30% and GOe3 receiving 70% of the combined Company. The Company will designate a new preferred stock to issue to the GOe3 members in exchange for the membership units. At Closing, Bruce Brimacombe will be named the Company’s President and appointed to the Company’s Board of Directors. Promptly following the closing, the Company will adopt a plan to apply for an uplist to a national exchange or the NASDAQ.
“This is an exciting and important time at the Company,” stated Fredrick Cutcher, Chief Executive Officer of Global Technologies. ”With an expected infusion of capital with the Proposed Transaction, Global Technologies should be well positioned to accelerate its new revenue opportunities in the EV space.”
The Proposed Transaction has been approved by the Board of Directors of the Company and the Managing Members of GOe3 and is expected to close in the first quarter of CY 2024. The Transaction will be considered a “reverse merger” because the members of GOe3 will own more than a majority of the outstanding common stock of the Company following completion of the Proposed Transaction.
About GOe3, LLC
GOe3, LLC (“GOe3”) began operations on February 12, 2000. GOe3 intends on building and operating a network of universal electric vehicle (“EV”) charging stations within 45-75 miles of selected interstate highways across the U.S. GOe3 believes its patent-pending charging station design will be a vital component to the electric vehicle charging station expansion.
The GoE3 Platform includes:
? GOe3’s Unique, Universal 50+ kW Combination Level 2/3 E³EV Charging Station
? GOe3 Integrated Solar Deployment
? GOe3 Travel Phone App and Integrated Business/Consumer Portals
Highlights:
? Multiple patents pending, including networking charging stations;
? Ability to charge any EV manufactured at the fastest possible rate (CHAdeMO, SAE quick charge when available, J1772, and Tesla supported);
? Proprietary advertising/coupon portal supports geo-targeted marketing for surrounding businesses, creating exponential revenue potential; and
? Phone App/Business Portal capitalizes on industry unique features to generate revenue e.g. hotel booking commissions, coupon revenue, business services revenue, user friendly data mining, sponsorships, and more.
Additional information about the GOe3 can be found at www.goe3.com.
About Global Technologies, Ltd.:
Global Technologies, Ltd. (OTC Pink: GTLL) is a publicly traded company with a strong focus on entering new markets including the acquisition and redevelopment of distressed properties. The company seeks to capitalize on underutilized or undervalued assets, creating opportunities for growth, and delivering exceptional value to shareholders.
Contact:
Global Technologies, Ltd
(973) 233-5151
info@globaltechnologiesltd.info
https://www.globenewswire.com/newsroom/ti?nf=OTAxMTI4MSM1OTk5ODI5IzUwMDA3MDc2NQ==
https://ml.globenewswire.com/media/MDRjMjViNGItZWU3Yi00NWQxLTk0ODAtZGY2ZDNlZjVkMDhiLTUwMDA3MDc2NQ==/tiny/Global-Technologies-Ltd-.png
Source: Global Technologies, Ltd
© 2024 GlobeNewswire, Inc.
https://www.otcmarkets.com/stock/GTLL/news/story?e&id=2729342
Thanks for the info :)
Yes! 4's are up! Didn't take long to double from 2's here!
Global Technologies, Ltd. Enters into Letter of Intent to Acquire EV Space Company, GOe3, LLC
Parsippany, NJ, Jan. 02, 2024 (GLOBE NEWSWIRE) -- Global Technologies, Ltd. (OTC Pink:GTLL), a company with operations in the acquisition and redevelopment of distressed properties, is pleased to announce that the Company will expand its operations by entering into the EV space through its execution of a non-binding Letter of Intent (“LOI”) to acquire GOe3, LLC (“GOe3”).
The LOI sets forth the proposed terms and conditions pursuant to which the Company and GOe3 intend to effect a business combination, as a result of which GOe3 will conduct business as a wholly-owned subsidiary of the Company (“Proposed Transaction”). The Company anticipates that the Proposed Transaction will be structured as a share-for-share exchange, with the Company’s shareholders retaining 30% and GOe3 receiving 70% of the combined Company. The Company will designate a new preferred stock to issue to the GOe3 members in exchange for the membership units. At Closing, Bruce Brimacombe will be named the Company’s President and appointed to the Company’s Board of Directors. Promptly following the closing, the Company will adopt a plan to apply for an uplist to a national exchange or the NASDAQ.
“This is an exciting and important time at the Company,” stated Fredrick Cutcher, Chief Executive Officer of Global Technologies. ”With an expected infusion of capital with the Proposed Transaction, Global Technologies should be well positioned to accelerate its new revenue opportunities in the EV space.”
The Proposed Transaction has been approved by the Board of Directors of the Company and the Managing Members of GOe3 and is expected to close in the first quarter of CY 2024. The Transaction will be considered a “reverse merger” because the members of GOe3 will own more than a majority of the outstanding common stock of the Company following completion of the Proposed Transaction.
About GOe3, LLC
GOe3, LLC (“GOe3”) began operations on February 12, 2000. GOe3 intends on building and operating a network of universal electric vehicle (“EV”) charging stations within 45-75 miles of selected interstate highways across the U.S. GOe3 believes its patent-pending charging station design will be a vital component to the electric vehicle charging station expansion.
The GoE3 Platform includes:
? GOe3’s Unique, Universal 50+ kW Combination Level 2/3 E³EV Charging Station
? GOe3 Integrated Solar Deployment
? GOe3 Travel Phone App and Integrated Business/Consumer Portals
Highlights:
? Multiple patents pending, including networking charging stations;
? Ability to charge any EV manufactured at the fastest possible rate (CHAdeMO, SAE quick charge when available, J1772, and Tesla supported);
? Proprietary advertising/coupon portal supports geo-targeted marketing for surrounding businesses, creating exponential revenue potential; and
? Phone App/Business Portal capitalizes on industry unique features to generate revenue e.g. hotel booking commissions, coupon revenue, business services revenue, user friendly data mining, sponsorships, and more.
Additional information about the GOe3 can be found at www.goe3.com.
About Global Technologies, Ltd.:
Global Technologies, Ltd. (OTC Pink: GTLL) is a publicly traded company with a strong focus on entering new markets including the acquisition and redevelopment of distressed properties. The company seeks to capitalize on underutilized or undervalued assets, creating opportunities for growth, and delivering exceptional value to shareholders.
Contact:
Global Technologies, Ltd
(973) 233-5151
info@globaltechnologiesltd.info
https://www.globenewswire.com/newsroom/ti?nf=OTAxMTI4MSM1OTk5ODI5IzUwMDA3MDc2NQ==
https://ml.globenewswire.com/media/MDRjMjViNGItZWU3Yi00NWQxLTk0ODAtZGY2ZDNlZjVkMDhiLTUwMDA3MDc2NQ==/tiny/Global-Technologies-Ltd-.png
Source: Global Technologies, Ltd
© 2024 GlobeNewswire, Inc.
https://www.otcmarkets.com/stock/GTLL/news/story?e&id=2729342
Became Pink current 2 days ago.
Something must be up bc it just hit the 52 week high earlier today. Anyone know anything they want to share?
Point taken. When I said talking like a fifth grader, I should have said 4th grader.
"Straw man argument" was the precise and correct term.....and naturally, it induced yet another straw man argument in rebuttal.
.
I just saw 5 Million 0003s get bought! It COULD happen; it's happened before!
Strictly speaking, the "intelligent" response would have been, "your point is moot."
Now, MOST people, who attempt to shut-someone-up by saying their point is moot, are misusing the term.
A moot point in a debate doesn't mean that it should be discounted as unfounded but rather, that it IS a valid point but arguing it in this particular case is a waste of time.
moot point:
2 - An issue regarded as potentially debatable, but no longer practically applicable. Although the idea may still be worth debating and exploring academically, and such discussion may be useful for addressing similar issues in the future, the idea has been rendered irrelevant for the present issue.
Penny stocks are almost always "scams" as you call them. I doubt anyone is "investing" here. Warren Buffet says we should investigate a company and then put our money in it and LEAVE IT THERE! I don't see anyone admitting to investing in these silly startups.
I guess he means that taking-profit hurts investors and the company. And that IT is what's wrong with the stock market. And yet it's done by even the best traders.
I don't think now is a time for funnymentals, it's OTC Gold Rush 2024! Just like 2021!!! Everything's gonna run again!!! Buy all trips plays with volume and a PR or Tweet!
With 14+ billion shares out how is this not in the trips.
I have made bank on his other plays in the past.
I will have to pass for now due to O/S.
I smell a future R/S here.
It's just a strawman argument. I said this is a scam. The "intelligent" response was that couldn't be true because that would mean all stocks are scams.
But when you have nothing else to go with.......you start to sound like a 5 year old.
This is just another Jimmy Wayne Anderson scam. How's that real estate business doing? Typical Anderson, withholding the 10Q that would answer this until he can institute a new scam angle to divert attention away from his last scan angle. He has been doing this for decades and is very polished at it by now.
Then all stocks are scams, even the Big Board?
And Casino's also scams?
How about working for a greedy company? Are they scamming the employee's?
Marriage is a known scam imo! Lol!
it is already known that participating in scams takes money from victims
Thank you. But it is already known that participating in scams takes money from victims. That is why scams are called....wait for it.....SCAMS.
I did the same thing
Holy crap. What an amazing story!!!
I bought 2's Dec 2020, then sold .0338 Feb 2021 and netted over $125K! Let's do it again!
Nice....
Fly baby Fly!!
I have seen it happen before :)
What a hero. Lots of them in GTLL it appears. And the best thing? No losers in this Anderson scam, right?
So how is that real estate deal coming?
Everyone likes a story with a happy ending:
I made a “lotto” play in March 2014
I drop $100 on .0001 long-shots and forget about it. Ya never know!
GTLL sat there @ .0001 for, seems like, forever.
On Dec 9, 2020 it went to .0005
On Dec 28 2020 it went to .0008
On Jan 5th 2021 it went to .0010
On Jan 14th it went to .0014
On Jan 15th it gapped-up to .0020 and reached .0029
On Jan 19th it hit a HOD of .0045
On Jan 21st it went to .0071
On Jan 22nd it hit .0076
On Jan 25th HOD was .0083
On Jan 26th it hit copper…HOD .0102
My $100 “lotto” play is worth $10,000. Do I sell? Nope!
On Feb 5th HOD was .0159
On Feb 8th it gaps-up to .0185 and reaches HOD of .0301
On Feb 9th it reaches .0363…how long can this go on?
Wherever it goes; it'll go without me...
I begin my EXIT strategy…for once my timing is near perfect...it begins to retrace
I’m out, with a couple sells in the 2s, realizing $30,000 real money for a $142 bet!
I got 10X as many SAD endings but who-wants-to-hear-that? GLTA!