Global Technologies Ltd (PK) (GTLL) News

Just checked in here
A mouse is stirring!
Merry Christmas everyone!

GLTA

No problem. All he has to do is make this a $60B company in 2025 to be eligible for a Nasdaq listing.....which would make it about the 160th largest company in the US by market cap .... just above the likes of Target, Kinder-Morgan, Hilton Worldwide and GM.

LMAO....some companies are not just scams, they have to scream that they are scams.

ty. Nasdaq listing???

Shareholder Update From the Desk of H. Wyatt Flippen, CEO and Board Member

Parsippany, NJ, Dec. 19, 2024 (GLOBE NEWSWIRE) -- Global Technologies, Ltd (OTC: GTLL), a multi-operational company driving innovation and sustainable growth across the technology and service sectors.

Dear Valued Shareholders,

I am honored to address you today as the newly appointed CEO and a member of the Board of Directors of Global Technologies, LTD. This marks a pivotal moment for our company, and I am committed to leading Global into a new era of growth, innovation, and financial success.

Reflecting on 2024

This past year has been transformative for Global. Our team has worked tirelessly to execute our vision, resulting in a series of positive reports and press releases that have showcased the Company’s significant progress across our business sectors. These achievements have set the foundation for even greater success in the coming year.

Current Financial Position

I am pleased to report that Global has achieved consistent monthly revenue growth coupled with improving profitability. These financial gains highlight the strength of our diversified business model and the value our subsidiaries bring to the table. As we close out 2024, our financial stability places us in a strong position to capitalize on opportunities in 2025.

Looking Ahead to 2025

In the coming weeks, we will unveil our comprehensive 2025 Strategic Plan. This plan will include detailed financial forecasts and a step-by-step roadmap for one of our most ambitious goals: uplisting Global to NASDAQ. While this will be a challenging task, I have full confidence in the determination and expertise of our team to achieve this milestone. We anticipate completing the uplisting process within 2025, positioning Global for even greater visibility and investor confidence.

Subsidiary Updates and Growth Drivers

10 Fold Services

Our flagship subsidiary, 10 Fold, a strategic consulting and procurement agency specializing in go-to-market planning and execution for companies in the health and wellness industries, is on track to sustain its impressive growth trajectory. We expect this momentum to accelerate in 2025, fueled by expanding market opportunities and ongoing operational improvements.

GOe3

Our EV charging subsidiary, GOe3, is preparing to launch its groundbreaking back-end software platform in Q2 2025. This platform leverages artificial intelligence to enhance our ability to capture recurring revenue, adding significant value to our operations. GOe3 is also advancing its real estate development initiative, incorporating its microgrid and home charging solutions as anchors for several innovative tiny home communities. We expect revenue from charging stations and tax credits to accelerate in Q2 2025, marking GOe3’s first substantial revenue contributions. This additional operating capital will fuel our continued expansion and development.

The Path Forward

2025 promises to be a landmark year for Global. With anticipated growth in sales, gross margin, and profitability, combined with expansion into new and emerging markets. Global Technologies, LTD. and its subsidiaries 10 Fold and Goe3 are poised for remarkable success in 2025 and beyond. Our management team remains steadfast in its mission to engineer our business holdings for sustained profitability and shareholder value.

Thank you for your continued support and trust as we embark on this exciting journey together. I look forward to providing more updates as we execute our strategy and achieve new milestones.

Sincerely,
H. Wyatt Flippen
CEO and Board Member
Global Technologies, LTD

About Global Technologies, Ltd:

Global Technologies, Ltd is a multi-operational company that is driving innovation and sustainable growth across the technology and service sectors. With a strategic focus on the health and wellness and electric vehicle industries through its subsidiaries, the company leverages cutting-edge technology and innovative business models to revolutionize these sectors. Global Technologies is dedicated to enhancing connectivity, efficiency, and environmental stewardship, thereby delivering substantial value to its customers, partners, and shareholders. Its mission is rooted in empowering businesses and communities with scalable solutions that not only meet current demands but also anticipate future needs, ensuring a sustainable and thriving future for all stakeholders.

Forward Looking Statements:

Statements made in this press release that express the Company or management's intentions, plans, beliefs, expectations or predictions of future events, are forward-looking statements. The words "believe," "expect," "intend," "estimate," "anticipate," "will" and similar expressions are intended to further identify such forward-looking statements, although not all forward-looking statements contain these identifying words. Those statements are based on many assumptions and are subject to many known and unknown risks, uncertainties and other factors that could cause the Company's actual activities, results or performance to differ materially from those anticipated or projected in such forward-looking statements. The Company cannot guarantee future financial results; levels of activity, performance or achievements and investors should not place undue reliance on the Company's forward-looking statements. No information contained in this press release should be construed as any indication whatsoever of the Company's future financial performance, future revenues or its future stock price. The forward-looking statements contained herein represent the judgment of the Company as of the date of this press release, and the Company expressly disclaims any intent, obligation or undertaking to update or revise such forward-looking statements to reflect any change in the Company's expectations with regard thereto or any change in events, conditions or circumstances on which any such statements are based. No information in this press release should be construed as any indication whatsoever of the Company's future revenues or results of operations.

Contact:
H. Wyatt Flippen
CEO
Global Technologies, Ltd
336.404.7982
w.flippen@gmail.com
https://www.globenewswire.com/newsroom/ti?nf=OTMyMTY5OCM2NjQ0NDMzIzUwMDA3MDc2NQ==
https://ml.globenewswire.com/media/MjgzODk5YmMtZGUwYy00OGU5LWIyY2UtZWZiY2U4M2NkM2FlLTUwMDA3MDc2NQ==/tiny/Global-Technologies-Ltd-.png

Source: Global Technologies, Ltd

© 2024 GlobeNewswire, Inc.
https://www.otcmarkets.com/stock/GTLL/news/story?e&id=3080820

https://x.com/GlobalTechGTLL/status/1861032041392845116

They "sold" a lot of preferred shares. "Sold" as in giveaways. The value of those shares had been shown as a liability. When those preferred shares were issued, that liability went away thus having the effect of increasing shareholder equity.

Showing that shareholders giving away equity actually increases equity. But only in the pinkies.

Not sure how they came up with the figures but the company posted and I shared it.

Any idea where that figure comes from and how it's derived?

Revenue from the quarter was $669,431, with a net income of $256,549. While positive, it's not as impressive as the shareholder equity figure shows.

Also, quarter to quarter is more representative of where things stand at present and going forward, than comparing to a year ago. They didn't even have operating businesses a year ago.

Which of course is bullshit because most of the "gain" was from selling stock and not operations.

https://x.com/GlobalTechGTLL/status/1856401643937640894

Global Technologies, Ltd. Announces Its Financial Results for the Quarter Ended September 30, 2024 with Major Financial Highlights and Accomplishments

Revenue and Shareholder Equity Continue to Increase

Parsippany, NJ, Nov. 12, 2024 (GLOBE NEWSWIRE) -- Global Technologies, Ltd. (OTC: GTLL), a Delaware corporation, today announced its financial results for the quarter ended September 30, 2024.

Financial Highlights:

-Shareholder Equity increase of $4,842,205 at September 30, 2024 from September 30, 2023;

-Revenue increase of $669,431 for the quarter ended September 30, 2024 versus September, 30, 2023, or 100.00%;

-Gross Profit increase of $477,542 for the quarter ended September 30, 2024 versus September 30, 2023, or 100.00%;

-Net income of $256,549 for the quarter ended September 30, 2024 versus $1,224,822 for the quarter ended September 30, 2023. The decrease in net income for the quarter ended September 30, 2024 is largely due to a gain in derivative liability recognized during the quarter ended September 30, 2023 that was not recognized during the quarter ended September 30, 2024.

Financial Commentary:

- Shareholder Equity: At September 30, 2024, shareholder equity increased to $1,789,020, an increase of $256,549 from June 30, 2024 and $4,842,205 from September 30, 2023. The increase in shareholder equity for the quarter ended September 30, 2024 is largely attributable to the Company’s increase in revenue;

- Revenue Generation: For the quarter ended September 30, 2024, Global Technologies reported revenues of $669,431, an increase of $669,431 as compared to the quarter ended September 30, 2023. The Company’s increase in revenue was largely attributable to 10 Fold Services with GOe3 contributing with its initial sales;

- Gross Profit: The Company achieved a gross profit of $477,542 for the quarter ended September 30, 2024 an increase of $477,542 as compared to the quarter ended September 30, 2023. The Company anticipates that its gross profit will continue to improve as it enters into new Sales Agreements;

- Net Income: The Company achieved net income of $256,549 for the quarter ended September 30, 2024, compared to net income of $1,224,822 for the quarter ended September 30, 2023. The decrease in net income for the quarter ended September 30, 2024 is largely due to a gain in derivative liability recognized during the quarter ended September 30, 2023 that was not recognized during the quarter ended September 30, 2024.

Accomplishments Since Quarter End:

-Formed PrimeCare Supply, LLC, a Wyoming limited liability company, to enter into new Sales Agreements with additional pharmaceutical suppliers;

-Company continues to pay down on its dilutive convertible debt and notes payable;

-Continued development of the Company’s Customer Relationship Management Sales Platform software instrumental in the increase in customers and revenue;

-GOe3 continues to align itself with the General Services Administration in an effort to becoming a multiple awards schedule holder in order that they may be awarded contracts through the latest Clean Energy Infrastructure bill, grants, and tax credits.

Management Commentary:

"Our continued growth demonstrates our team’s ability to consistently drive improvement through the use of our technology," said Fredrick Cutcher, CEO of Global Technologies Ltd. "We are glad to see the maturation of GOe3 with its initial sales and expect to see further expansion of revenues from them over the next year.”

Future Outlook:

Global Technologies remains committed to expanding its market presence in the health and wellness and EV sectors. The Company anticipates continued operational improvements and an increase in its revenue as it further develops its subsidiaries' capabilities and explores new strategic opportunities.

The Company will continue to invest in top talent at the executive level and in selective technology to drive organic growth.

The Company’s Quarterly Report for the quarter ended September 30, 2024 can be found on the Securities and Exchange Commission’s website at www.sec.gov and on the Company’s website at www.globaltechnologiesltd.info.

https://x.com/GlobalTechGTLL/status/1856347535268266268

https://x.com/GlobalTechGTLL/status/1856318672416976961

This is another pinky scam built around common shareholder ignorance. Common shares are nearly worthless based on the conversion structures in play. And that is only if this is ever a real company. If it is not, then the common shares are totally worthless.

So buy away.

Near future? No, probably not

The shell was removed too. 

Definitely looks better than it did when they were trying to merge with Tersus.

Does any of that give hope to shareholders for anything meaningful in the very near future?

Wayne's just a share holder now.
Their last note hit 2 weeks ago.
They showed 1 mill in revenue from the Phrama ventures on last fins

And GOE3 still has potential with Bruce taking over. 

I was hoping for better returns in 2024, but that has not happened lol. All the best.

Why not, look at that support at 0002. I don’t watch this one too closely and am not concerned really with what drives a pinky up. Could care less. Speculation, rumors, are what usually drive stinky pinkies.

Why should there be volume?

3’s are thin, where’s the volume

I am, thanks. Hope you're doing well in other investments besides GTLL. 🙂

Thanks for the update sir! I hope you are doing well :)

Annual report is out.

https://www.otcmarkets.com/filing/html?id=17854042&guid=6mL-kWUl8lVaJth

The reported Short Volume amount does nothing to delineate it's source. It could vary well be due to "dilution or retail selling off". Or any number of other things. It merely reports which leg of a 2 leg trade is executed first. If the buy side is the first, it is long and if the sell side is first it is labeled short. All, or almost all, of both such short or long trades are cleared in microseconds with the flip side of the trade.

Yep. just MMs doing their jobs to create an orderly market.

Now, it's up to Cutcher to create market demand.

"Over the past 12 months, we have taken steps to increase shareholder equity through an expansion of our operations and subsequent increase in revenue, decrease in debt and other measures," said Fredrick Cutcher, Chief Executive Officer of Global Technologies, Ltd. "We are extremely excited to keep pushing forward to our goal of an uplist to the NASDAQ or a National Exchange."

I’m not implying a short squeeze. I simply stated that volume was not dilution or retail selling off. It was short volume

Freedom-2-Thrive, LLC and Eagle Log Cabins, LLC

You can look them up at the Washington State SOS website. You don't need to log in to do a corporate search.

https://ccfs.sos.wa.gov/?_gl=1*4obdrt*_ga*MzgwNDIzNzAuMTcyNDI1MjA1Mw..*_ga_7B08VE04WV*MTcyNDI1MjA1My4xLjEuMTcyNDI1MjExNi4wLjAuMA..#/Home

I don't doubt there's something short out there, interest or volume.

I'm just waiting for him to kick this thing and gear and get it going

I doubt a short squeeze is happening, as well.

I guess Ryan thinks so, though, so you never know, huh?

I've conceded to not adding for quite some time now. Just been riding the wave and hoping for something positive to exit at the very least even, or with a small profit. Been in now for over 3 years. I've never shorted a stock. I do not even have a margin account, so that's not happening.

Better buy all you can before the short squeeze!

https://x.com/LiquidityNews/status/1826045823227981910

So it is a meaningless number and not worth mentioning. Yet you keep mentioning it. Why?

Thomas Feller

https://freedom2thrivetinyhouse.com/

Trying to imply there'll be a short squeeze in the ticker id what's disingenuous.

But if people are too lazy to learn the truth rather than listen to some anonymous poster (yes, that includes both of us) they do so at their peril.

So have fun touting Finra's daily numbers. I'm not wasting my time with it.

Oh, and while people research how a MM makes a market in theses trip zero tickers, research how much it costs to do so. It's expensive and also comes with the risk that it might get pumped to where covering is necessary. That's any investors worse nightmare.

I know what you said. I in return mentioned short interest to correct the implication you'rte making. I'm allowed to do that, you see. Short "volume" is relatively meaningless data no matter how you post about it. Learn how MMs make a market in these low-priced OTC stocks and then you won't be misleading anyone in thinking there'll be a short squeeze coming.

FYI, OTC Markets doesn't always bother to update the short interest numbers if they don't change. When they do, they will.

Yeah baba. I wouldn’t believe this slojab guy further than I could throw it. Referencing short interest numbers from 5 months ago is pretty disingenuous.

Can you read? I said short VOLUME not short interest.

295M shares were sold short 8/20.

PS. That short interest number you reference is from March 15 2024. FINRA doesn’t even update short interest for these OTC stocks as they should but go on telling me I don’t know what I’m looking at

Short volume is the number of shares sold SHORT in any given period. In this instance, we’re talking the short volume from 8/20 which was 295M shares sold short.

Hey, Bada, do yourself a favor and don't automatically believe anyone on these boards when you can research a topic for yourself so you know the truth of something.

There's Finra's daily short numbers and then there's short interest. They're interrelated but you need to know how MMs make a market in a stock.

If you already know how it works, never mind. But others reading this board may take my advice if they don't.

Wrong.

Short Interest 3,039 shares.

Most people know the difference between short volume and short interest. Become one of those people.

Do you have a clue? Short volume only means selling. We already know sells were 7x buys today.

Short volume

Wrong. It was short volume.

295M short today

Wrong

295M short volume.

In looking at the times on the trades that have happened today, it appears like one individual unloaded roughly 200mil shares. Could mean bad news, but we'll be the last ones to know if it is. They don't communicate with shareholders much.

People getting out before bad news hits?

What's with all the volume all of a sudden?

GOe3 believes its patent-pending charging station design will be a vital component to the electric vehicle charging station expansion.How pathetic they are still saying that BS. GOe3 had 2 patent applications, 13923329 and 13950214. Both were filed in 2013 and have been abandoned. Typical pinky crap.