$GTLL EXECUTIVE SUMMARY (Facts and DD as of 9/27/20):
1) GTLL IS CURRENT (Company Fully Reporting with Securities and Exchange Commission) as of September 21, 2020
Dormant OTC companies don’t get current and file financial statements with SEC for no REASON!! (see below link for PR)
2) GTLL will have a 25% stake in Global Clean Solutions as of March 2021 through a CPN. $EDNT – Nasdaq ALSO has a 50% stake in Global Clean Solutions.
DO YOUR MATH!!!
When Edison Nation holds 50% of Global Solutions LLC, Global Technology Holdings Ltd holds 25% and Edison Nation is currently trading @ $1.79
3) GTLL just released a HUGE PR: Global Technologies, Ltd Expands Revenue Stream Through Acquisition and Vendor Approval
25% stake in Global Clean Solutions talked about above is the acquisition piece…AND THE OTHER HUGE NEWS FROM THE PR:
Vendor Approval from QVC or HSN!!!!!!! They will start fulfilling as a third party logistics provider immediately (see below excerpt from PR):
“In addition, the Company’s wholly owned subsidiary, Markets on Main, LLC (“MOM”), was recently approved as a product and dropship vendor for one of the largest live home shopping networks in the country.”
$GTLL HAS A LOT MORE TO COME - Dormant OTC companies don’t get current and file financial statements with SEC for no REASON!! DD INFO: GTLL Recent Filings Current Report Filing (8-k) (9/04/2020) https://ih.advfn.com/stock-market/USOTC/global-technologies-pk-GTLL/stock-news/83205159/current-report-filing-8-k Form 10 (6/20/20) http://archive.fast-edgar.com//20200608/A32ZM62CZC2RAZP2222F2ZY2LPMAZZ226L22/ GTLL Security Details SHARE STRUCTURE Market Cap 2,435,859 09/21/2020 Authorized Shares 14,991,000,000 09/21/2020 Outstanding Shares 12,179,293,609 09/21/2020 Restricted 3,920,108,863 09/21/2020 Unrestricted 8,259,184,746 09/21/2020 Held at DTC 6,482,640,122 09/21/2020 Float (not current) 854,013,248 01/21/2011 Par Value 0.0001 Market Value calculated only for respective security GTLL Background Global Technologies, Ltd is a publicly quoted company (symbol “GTLL”) that was incorporated under the laws of the State of Delaware on January 20, 1999 under the name of NEW IFT Corporation. On August 13, 1999, the Company filed an Amended and Restated Certificate of Incorporation with the State of Delaware to change the name of the corporation to Global Technologies, Ltd. Our principal executive offices are located at 501 1st Ave N., Suite 901, St. Petersburg, FL 33701 and our telephone number is (727) 482-1505. Our website address is www.globaltechnologiesltd.info. The information contained on, or that can be accessed through, our website is not a part of this Registration Statement. We have included our website address in this Registration Statement solely as an inactive textual reference.
Prior Operational History
From inception until March 2011, Global Technologies was a technology portfolio company that acquired nascent technology and related innovations, inventions and IP assets to enhance their growth and development. The Company built revenues and asset value through a model of continuous growth, income from or sale of its portfolio holdings, and technology licensing or distribution agreements.
The Company invested primarily in innovative and promising clean/renewable energy or bio-tech technologies that had reached the stage in the critical Technology Development & Demonstration phase of the Innovative Cycle, which includes Prototype, Demonstration and Market Analysis.
In March 2011, the Company abandoned its operations. Mr. Jimmy Wayne Anderson, our sole officer and director, was appointed a director of the Company in December 2017 and an officer in January 2018.
Global Technologies, Ltd (“Global”) is a holding corporation, which through its subsidiaries, has operations engaged in the online sales of CBD and hemp related products, the acquisition of intellectual property in the safety and security space and as a portal for entrepreneurs to provide immediate access to live shopping, e-commerce, product placement in brick and mortar retail outlets and logistics.
On November 30, 2019, the Company entered into a Purchase and Sale Agreement (the “Agreement”) for the purchase of TCBM Holdings, LLC (“TCBM”). Under the terms of the Agreement, the Company issued a Convertible Promissory Note (the “Note”) in the amount of $2,000,000 to Jetco Holdings, LLC for the purchase of all issued and outstanding membership units of TCBM and its subsidiaries, HMNRTH, LLC and 911 Help Now, LLC.
On March 11, 2020, the Company, through its two wholly owned subsidiaries, HMNRTH, LLC (the “Seller”) and TCBM Holdings, LLC (the “Owner”) (together Seller and Owner the “Selling Parties”) entered into an Asset Purchase Agreement (the “Agreement”) with Edison Nation, Inc. and its wholly owned subsidiary, Scalematix, LLC (together the “Buyer”), for the sale of certain assets in the health and wellness industry and related consumer products industry.
Our wholly owned subsidiaries:
About TCBM Holdings, LLC
TCBM Holdings, LLC (“TCBM”) was formed as a Delaware limited liability company on August 10, 2017. TCBM is a holding corporation, which operated through its two wholly owned subsidiaries, HMNRTH, LLC and 911 Help Now, LLC.
About HMNRTH, LLC
HMNRTH, LLC (“HMN”) was formed as a Delaware limited liability company on July 30, 2019. HMNRTH operates as an online store selling a variety of hemp and CBD related products. The Company’s business model is to bridge the gap between the lifestyle and knowledge components within the cannabis industry. The Company’s goal is to educate every consumer while cultivating an experience by providing quality products, branded cutting-edge content, and diversified product lines for any purpose. Most importantly, we want our clients to discover their inner HMN, redefine their inner HMN and Empower their inner HMN. In September 2019, the Company entered into a Quality Agreement with Nutralife Biosciences for the development and production of its CBD line of products. The Company’s product line includes hemp derived, full spectrum cannabidiol tinctures and creams in varying sizes. The Company’s ecommerce website can be found at www.hmnrth.com.
About Markets on Main, LLC
Markets on Main, LLC (“MOM”) was formed as a Florida limited liability company on April 2, 2020. MOM is A full service, sales and distribution, third-party logistics provider and portal to multi-channel sales opportunities. MOM’s focus is on bringing small businesses and entrepreneurs to large opportunities and distribution. MOM will provide the following services to its clients: inventory management, brand management, fulfillment and drop-ship capabilities, retail distribution and customer service. MOM’s website can be found at www.marketsonmain.com.