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.
