Global Tech Ltd (GTLL)

[strippa]

GTLL DD Pack – Dec 8th 2020

**Please use this link to view the easy to read PDF version with images**

https://drive.google.com/file/d/1_ggj67Lfe4UDwZanmX3ktdHQ9txuePkE/view


I’ve been looking at this stock for a while and recent events seem to point to something brewing. Again, it’s all speculation, but from the looks of it there appears to be something going on in the background.

Keep reading, it gets interesting.


1) Company info:
Website: https://globaltechnologiesltd.info/
Twitter: https://twitter.com/GlobalTechGTLL

Company is Pink Current with verified profile and Transfer agent.

OS is quite hefty but many of the shares are restricted/preferred shares. Float (held at DTC) updated yesterday was 7B.


2) Subsidiaries:

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.

911 Help Now, LLC

911 Help Now, LLC (“911”) was formed as a Delaware limited liability company on February 2, 2018. 911 was a holding company of intellectual property in the safety and security space.

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.

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.

Company sold part of it’s CBD business to Edison Nation in March 2020.

All above information can be found here: https://globaltechnologiesltd.info/about.html


3) Expansion of Revenue through Acquisitor/vendor approval

On September 3, 2020, the Company entered into a Commitment to be Bound by the Amended Operating Agreement to Effect Transfer of Membership Interest in order to facilitate the transfer of 25 Membership Units (the “Units”) issued by Global Clean Solutions, LLC (“Global”) and held in the name of Graphene Holdings, LLC (“Graphene”) to the Company. In exchange for the transfer of the Units to the Company, the Company issued to Graphene a Convertible Promissory Note (the “Note”) in the amount of $250,000. The Note has a term of 6 months, is due on March 3, 2021 and accrues interest at 3% per annum. Upon Closing, the Company holds a twenty-five percent interest in Global.

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. The approval will allow MOM to begin facilitating the fulfillment of packaging and shipping of certain products sold on live airings and through third party websites.

https://www.otcmarkets.com/stock/GTLL/news/story?e&id=1698412


4) Edison Nation/Vinco Ventures merger (NASDAQ: BBIG)

Edison merged with Vinco Ventures (NASDAQ: BBIG) in November 2020.

https://www.globenewswire.com/news-release/2020/11/12/2125494/0/en/Edison-Nation-Inc-announces-the-closing-of-a-Merger-Agreement-with-Vinco-Ventures-Inc.html
Vinco Ventures website: https://investors.vincoventures.com/

Prior to merger, Edison had also acquired a stake in Global Clean solutions.

BETHLEHEM, Pa., May 26, 2020 (GLOBE NEWSWIRE) -- Edison Nation, Inc., a multifaceted ecosystem that fosters innovation and drives IP, media and consumer products, is pleased to inform shareholders that it has acquired a fifty percent interest in Global Clean Solutions, LLC.
Under the terms of the Agreement, the Company acquired a fifty percent interest in Global Clean Solutions, LLC (“Global”), a Nevada limited liability company, through the exchange of 300,000 shares of common stock for 50 membership units. Simultaneously, the Company entered into a series of transactions, whereby it would guarantee a $2.5 million line of credit to be used for the procurement of raw materials, finished goods, and related medical supplies.

https://www.globenewswire.com/news-release/2020/05/26/2038560/0/en/Edison-Nation-Acquires-Fifty-Percent-Interest-in-Global-Clean-Solutions-LLC.html


5) Vinco latest investor presentation (Nov 2020)

Here is where is starts getting interesting. In the latest company presentation, Vinco lists all of GTLL’s subsidiaries as under the Vinco umbrella of brands/tools:

One of the distribution channels is Amazon! We’ll come to this later.
Is this a buyout/merger? Look at the slide below. One of the main goals of Vinco is to acquire as many brands/companies as possible:

Projected revenue in 2021. $13 Million + projected revenue from brands that are (were?) wholly owned subsidiaries of GTLL. Note that this does not include the Market of Main brand as that is presumably a very recent development.

Vinco Investor Presentation: https://d1io3yog0oux5.cloudfront.net/_dd925caf398101b3547cbe82057e1118/vincoventures/db/295/2295/pdf/Vinco_short_deck-OPT_r3.pdf


6) Brian McFadden

Brian McFadden was hired as a consultant on a 1 year term by GTLL on Jan 2,2020.

https://www.otcmarkets.com/filing/html?id=14346952&guid=H0TqUF8sfHG4z3h – search for McFadden in this document to find it.

Brian McFadden is also the Chief Strategy Officer for Vinco.

https://investors.vincoventures.com/management-team

He was hired after Vinco merged with Edison in Nov 2020. One of his main roles is targeting acquisitions for long term growth.

https://investors.vincoventures.com/all-sec-filings/content/0001493152-20-021107/0001493152-20-021107.pdf


7) Markets on Main deal with OPTI

Let’s go back to Markets on Main.

There are already mentions of Vinco (previously as Edison) having bought part of the Cannabis business of GTLL (HMNRTH). But there is no mention whatsoever in ANY of the sec filings of either company that mentions Markets on Main.

Yet, it mysteriously appears on the Nov 2020 Q3 call/presentation.

Digging further, we see a recent Vinco PR with OPTEC International (good ol’ OPTI). It mentions that Markets on Main, one of Vinco’s growth platforms, has secured a deal to distribute OPTI’s iWand and air sterilizer.

Does that mean Markets on Main was bought by Vinco? Or is Markets of Main still under GTLL and Vinco is helping run it? Either way, this is great news.


8) Markets of Main partners

https://www.marketsonmain.com/partners

According to their website and as mentioned in GTLL’s latest PR, Markets on Main was recently approved as a vendor for one of the largest live home shopping networks in the country. Since it mentions ‘network’ and not online, we assume this is probably HSN (Home Shopping Network).

But on Vinco’s latest presentation, we saw Amazon as a partner! Looks like this is new news that has not been formally announced yet.


9) Vinco move to Florida

We know that GTLL is based in Florida.

If you listen to the Vinco Q3 investor call, guess where they moved during 3Q 2020? Florida!

At minute 18:05 of the investor call, they mentioned they moved their warehouse to FL.

https://www.webcaster4.com/Webcast/Page/2479/39007


10) Delayed filings by GTLL

This could be related to a potential upcoming announcement. GTLL filed a notification of late filing with the SEC on 11/16 for the Q3 period (ending Sept 2020). They talked about delays in completing financial statements and ‘other disclosures’. They also noted that they would file the report no later than the 5th calendar day following the date. Since this filing is from Nov 16th 2020, the next ‘fifth’ is Dec 5 2020. Which tells us that it is coming any day now. Even if it doesn’t, it definitely tells us that something is in the works. For the OTC to still have them listed as Pink Current without filing necessary financial reports, tells me that they have a valid reason for the delay.

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

https://www.otcmarkets.com/filing/html?id=14506942&guid=I3TqUqr3iOOx03h

I am an amateur trader and by no means an expert. I’m an engineer by trade and not adept at completely understanding financial jargon and statements. Feel free to correct me if you think I’ve misunderstood any of the documents/statements given by either of the companies.
All of the above is strictly my opinion and not investment/financial advice. I found all of the above info my doing my own due diligence and found it to be very interesting and worthy of a share.

Shout out to https://twitter.com/small_time_tina - found a ton of useful information here when researching this stock.

Full disclosure - I loaded up 30 minutes before close today at 0.0003 when I noticed the 3s were being eaten up.

Let's make some $$$$