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WOW! 3s cleared. 250M cleared in minutes!
Nice! Great to see the company keeping shareholders updated.
I'm not a finance person, but they also mention the following, which hints at creating value for their shareholders.
"On a longer-term basis, we intend to raise the debt and/or equity to meet our ongoing operating expenses and merge with another entity with experienced management and opportunities for growth in return for shares of our common stock to create value for our shareholders. There can be no assurance that this series of events will be successfully completed."
You may be right interpreting the dilution part, but it could also mean that post-acquisition/merger, existing shareholders will own a smaller part of the merged entity. This is not necessarily a bad thing if the merged entity is more successful than the existing company. Again, I'm just giving you the flip side of the argument - it can be interpreted either way and I'm not an expert.
But yes I'm not sure if merging with a company with 170M deficit would make sense. Perhaps Vinco hasn't merged, but is in a partnership with GTLL to sell GTLL's products and leverage their Markets on Main platform. Either way, this should definitely increase GTLL's revenue stream.
Regarding one part-time employee, it should be noted that GTLL is a holding company. The wholly owned subsidiaries it operates are independently run operations with their own employees. And they did make $548K in revenue from HMNRTH in the last quarter. There is no part time employee in the world who could manage an operation of that scale!
In my opinion, DD still stands and all the interesting stuff with BBIG happened in Q4 2020. This filing is as of June 30th 2020. If today was June 30th, then yes, it would make sense for GTLL to be trading in the low 000s. But it is Dec 21st and plenty of things have happened with the company since then. Even though the majority of the information was known earlier, it may cause some people to sell but I'll gladly grab more 2s.
If you had read the previous Form 10 for fiscal year ending June 30 (which was filled in August), you would know that it had the exact same information as this 10K does. There is nothing new. And it should be noted that there was nothing expected from this 10K. This 10K only covers business operations until June 30th 2020. From all the evidence, it looks to me like the relationship with Vinco started in Q4 2020.
The reason this is positive is because the filling of the 10K tells us that the company is trying to become Current again. The 10Q and/or news is likely to follow at some point in the near future.
Also, the same Twitter source that informed us of the upcoming 10K had also received a message from the CEO that news will follow soon after 10K is filed.
Thank you! And yes, please go through the post everyone if you haven't already, a lot of questions should be answered on the connections with BBIG and OPTI.
Yes that was me
Grabbed more 3s as well and have a huge chunk bidding 2s now!
"Be Fearful When Others Are Greedy and Greedy When Others Are Fearful”
? Warren Buffett
Yup very solid day. Broke down a big chunk of that wall at 4s backed up by great bid support at 3s.
Nice! Let's break that wall!
Only 20 left now..
I did call BBIG last week. They promised to call back but I didn't get a call. But it's pretty clear from the presentation that they're running GTLL's subsidiaries. If GTLL still owns them, I'm sure they'll get a good chunk of revenue.
BBIG has been putting out PRs and updates on their new acquisitions quite frequently. I'm hoping Markets on Main is next on their list for an update.
Wow! Big buys - 40M shares slapped as soon as markets opened.
Yeah it's definitely the same Markets on Main. Same logo on their website and the presentation. Also, the person working with Markets on Main from Vinco's end is Brian McFadden - a former/current contractor for GTLL.
Yeah I saw the NTs, but they did mention they would file by the 5th/15th of of the upcoming month. Maybe they've filed and it's in process of being posted, or as you said they've given SEC some additional info which is an acceptable reason for the delayed filing.
I've contacted OTC Markets regarding their exact policies regarding why a company would continue to be listed as Pink current despite not having filed their 10-K.
Interesting. I did go through every single filing in the past 2 months for Vinco but did not find any mention of Global Technologies. I will do some more digging this weekend.
New video out today mentioning Markets on Main's worldwide reach and royalty streams!
Yes I think IR is waiting for things to be finalized in the background before talking about it. I know a few other people who have reached out to Vinco IR as well. They promise to call back but haven't heard anything yet. Looks like they're not yet authorized to talk about it.
If there was no connection between the two companies, they would've straight up answered on the spot denying the speculation.
Thanks. 3s should be solid. Hoping for CEO to address the rumours soon.
Just got off the phone with Vinco IR. I asked about their latest presentation and the connection to GLTT subsidiaries including Markets on Main. They will be calling me back shortly once they find the right person to answer my question.
Exactly. Guys stop selling to the bid at 0.0004. Wait for it, I'm sure it'll go higher once we stop bid whacking.
Interesting indeed! Volume should be massive in Power Hour and tomorrow.
Gaining attention. Hold tight guys!
https://twitter.com/NickPeist/status/1337111492907438089
Has potential for 0.001 at least if it gets attention of the big buyers. We are actually one of the few trips that is Pink Current and a legitimate company with products and numerous clues on what might be coming. So many other trips with STOP signs have run on fluff, SUT* and NUU* to name a few.
@FlexOniHub just tweeted. 5.6K+ followers.
$GTLL watch this One! https://t.co/inXFukZaT6 Fully Reporting and WHEN not IF the volume comes~ Look HOW Many Dispensaries have Opened in Florida!
— Flex (@FlexOniHub) December 10, 2020
all,imo@FlexOniHub
But all of these brands were still wholly owned subsidiaries of GTLL according to their latest PR on Sept 23rd 2020. I understand that BBIG did buy some assets in HMNRTH and 911 Help Now. But what about Markets on Main? This hasn't been mentioned in any of BBIG's filings.
I agree. Definitely something in the works. I've emailed the IR for both Global and Vinco, waiting to see if I her back.
#7 now! This thing is getting more eyes on it.
No problem! Found quite a few links between the two companies so thought I'd share. And yes, once the small profit takers exit, there is plenty of room to run. Barely any resistance points after 0.0005 if you look to the left on the chart.
400M + Volume 3 days in a row so far which is very good. Once it's noticed by the big guys I think we should do 1 Billion volume easily.
Yeah I thought so too. But I think we need more visibility. Once people start noticing and big volume comes in it should be on it's way up.
Yeah, I think a lot of people holding for years were selling at 3's and 4's to get out.
Nice accumulation at 3s, very few 2s hit.
Yup sure looks like it. Not many people selling at each tick.
5s up!
Great to hear, looking forward to the news.
Thanks. I'm also hearing from some folks that the CEO will make an announcement this week.