I am not selling my position any time soon and am still excited about the future of this technology platform. See any of my older posts. I have been here longer than good guy Don who just joined the family. Have had a position for over a year and have averaged down along the way to own a modest 600K shares at a price I'm comfortable with. This news has not changed my HOLD opinion. I'm looking to BUY more at some point but not on this news. I'm inclined to believe I'll have another chance at .007's again. My criticisms lately have, and rightfully so, been about the way in which they - even under the new management - have framed their PRs. Presenting announcements in such a way that readers cannot ascertain if they've actually made progress from the date of a prior PR.
Additional concerns are:
1. If they've bailed completely on the MTrac wallet and the ability to use phones to make purchases and other transactions, then that's functionality that was lost. I get that card processing will generate the most transactions on the MTrac platform, but deposits into a user MTrac wallets was a separate revenue stream. I doubt we'll ever get further insight into how the wallet was received by consumers. But, if the card processing takes off, I can forget about this.
2. GOHE is splitting revenue with GRBX and Cultivate at a 40/40/20 split. How is GOHE supposed to be the better investment from GRBX? Unless GOHE merges or acquires Cultivate, aren't they the biggest liability in all this? I'm pretty sure tho, that Cultivate is owned by GRBX, or at least GRBX has equity in them, because they bought Sky Mids and Cultivate seems to share the same origins as them. But we don't know the details behind all that. Even if Cultivate is independent, everything that GOHE is now, depends on what appears to be a 3rd NEW licensing agreement to MARKET Cultivate's IP under a MoneyTrac brand name. So GOHE can never out earn GRBX with the revenue splits and they own no technology of their own. This will be an ongoing concern for me, as we could be cut from the picture entirely if they don't like the way we have "marketed" their technology. Way down the line, the best possible future for us would be GRBX acquiring the MTrac name so that we'd own the tech behind the name...
But as long as they got this exclusive license for the MJ industry, there can definitely be money made on GOHE as it stands with this 3 way orgy we're in with these other 2 companies...
