$GTLL- The Company is pleased to announce that it has initiated legal proceedings against 4 shareholders to have 3,491,000,000 shares returned to the Company and retired. If successful, the updated S/O will be 8,688,293,609.
allenc Member Level Friday, 01/15/21 11:15:01 AM Re: allenc post# 20730 0 Post # of 25895 $GTLL- DD package for investors / potential investors of GTLL:
Timeline of significant events prior to becoming current with filings
1) 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.
2) 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.
3) Change in business model / Plan in 2017: 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. Our business plan is to operate through our wholly owned subsidiaries for the foreseeable future, while seeking potential acquisition, joint venture and merger candidates.
4) 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.
5) 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. The Company’s ecommerce website can be found at www.hmnrth.com.
6) [[color=green]b]Feb 27 2020 $GTLL- The Company is pleased to announce that it has initiated legal proceedings against 4 shareholders to have 3,491,000,000 shares returned to the Company and retired. If successful, the updated S/O will be 8,688,293,609.[/color]
7) Markets on Main, LLC[color=blue][/color] (“MOM”) was formed as a Florida limited liability company on April 2, 2020. MOM is the operational subsidiary for the Company’s sales and distribution business. MOM’s focus is on bringing small businesses and entrepreneurs to large opportunities and distribution. MOM provides a range of services including full e-commerce management, Amazon shopping distribution and retail placement. In addition, the Company provides third-party fulfillment and logistics capabilities with online access to reporting and revenue. MOM’s website can be found at www.marketsonmain.com.
8) June 8 2020 company files Form 10-12G ( Registration of Securities ) the first step to getting company Pink current with filings.
9) Sept 4 2020, The company enters into an agreement with Global Clean Solutions which will allow GTLL the rights to 25% of Global Clean Solutions sale of PPE products. 8K
10) On November 5, 2020, the Company, through its wholly owned subsidiary, Markets on Main, LLC[color=blue][/color] (“Licensor”), entered into a Platform License Agreement (the “License Agreement”) with Honey Badger Media, LLC (the “Licensee”), a wholly owned subsidiary of Vinco Ventures, Inc. Under the terms of the License Agreement, the Company granted the Licensee a perpetual, non-exclusive license to operate the Platform, fulfillment opportunities and its related technologies. In consideration for the License, the Licensee shall pay to the Licensor a fee equal to twenty percent (20%) of the Net Profits generated from Licensee’s clients through the Platform. [color=blue][/color] Press release
11) DEC 21 2020, 10K is filed and company regained Pink current status, but when delinquent due to the late filing of 10Q for period ending 9/30/20
12) Jan 11 2021, 10Q for period ending 9/30/2020 expected any day which will bring GTLL Pink current status with required SEC filings
GTLL paid $17,500 to have the 10K audited, I am speculating that was at least the cost to have the Form 10-12G filed and it seems, although not required, the 10Q is being audited as well. My WAG is the company has paid at least $35K for audit filings to get Pink current status. That is a huge indicator of great things to come here IMO.
My biggest takes from the research I have done with GTLL:
1) CEO has taken this dormant company to what will be Pink current status very soon to position the company for much success in the future.
2) The 20% and 25% revenue generated from net profits with Honey Badger Media LLC and Global Clean Solutions LLC will surprise many folks when Q1 fins are posted.
3) GTLL will be a prime merger / acquisition candidate moving forward, JMO