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Global Boatworks Hldgs Inc. (GBBT)

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Last Post: 9/26/2020 11:41:56 AM - Followers: 86 - Board type: Free - Posts Today: 3



About the Luxuria and Global Boatworks 

Global Boatworks Holdings Inc. is a publicly trading company, which is a multifaceted “Luxury Living Vessel” manufacturer located in South Florida. The Company has previously built and operated a highly successful charter vessel in Boston, and currently has designed and completed a state-of-the-art luxury living vessel, the “Luxuria” in South Florida. The “Luxuria” features floor-to-ceiling impact windows with motorized shades, large living room with contemporary LED fireplace, a chef-quality modern kitchen featuring, Caesarstone counters, Bosch appliances and a “one of a kind” modern contemporary wine refrigerator. Spacious extravagant open stairway leading to the luxurious master suite and guest bedroom, featuring spa-like bathrooms with soaking tub and TV and ultramodern showers with waterfall and rain head/body spray dispensers. There are three (3) big-screen TVs, computer/working area, two large outdoor living decks as well as many other numerous luxury amenities. 

Latest Press Release:

Global Boatworks Closes on Sale of Luxuria Floating Vessel

Pompano Beach, FL, Apr 30, 2019 (GLOBE NEWSWIRE via COMTEX) -- Eliminates all Convertible Debt from Balance Sheet

via NEWMEDIAWIRE -- Global Boatworks Holdings Inc. GBBT, +0.00%, builder of luxury floating vessels, is pleased to announce that it has completed the sale of the Luxuria, the second sale of one of its luxury floating vessels. 

The sale of the Luxuria allowed the Company to pay down the Company's liabilities and eliminate convertible debt from its balance sheet. The Company had entered into a Note Settlement Agreement with St. George Investments and Tonaquint Inc., lenders that had a secured interest in the Luxuria. St. George and Tonaquint agreed to release their liens upon payment from the sale proceeds and an additional payment of $70,000 in September 2019. This agreement eliminates the last of the convertible debt on the Company's balance sheet. 

"The sale of the Luxuria has allowed us to clean up our balance sheet," said Global Boatworks CEO Robert Rowe. "The media coverage that the Luxuria garnered generated a lot of interest in the Company and our luxury floating vessels. We took the opportunity to sell the Luxuria now so we will be positioned to take on financing as needed to build additional vessels or fulfill orders as opportunities arise."

Global Boatworks Holdings, Inc. Eliminates Convertible Debt, Strengthens Balance Sheet

Wednesday, January 22, 2020 6:00 AM
Primary Exchange: OTC PINK
Under the Symbol:GBBT

POMPANO BEACH, FL / ACCESSWIRE / January 22, 2020 / Global Boatworks Holdings, Inc. (OTC:GBBT) a builder of floating luxury vessels, announces the December 3, 2019 completion of a Note Settlement Agreement (the "Agreement") pertaining to a convertible note previously due to Tonaquint, Inc. and the non-convertible note previously due to St. George Investments LLC (the "Note Holders") in the amount of $72,500. The balance of the Agreement was paid by a long-time Company investor. Under the Agreement the Note Holders, upon payment of the $72,500, agreed to forgive the $273,675 balance.

The investor paid the Note Settlement Agreement amount of $72,500 and entered into a new agreement with the Company utilizing a traditional, non-convertible note. As a result of the payment of the convertible portion of the Note and the forgiveness of the balance of the two notes, Global Boatworks will record a Q4 gain on debt settlement of $273,675 plus a gain on the embedded derivative value of approximately $414,000 for a net gain of $690,000 in Q4.

"We are excited to announce the repayment of our convertible debt," said Global Boatworks CEO Robert Rowe. "With the sale of the Luxuria in April and this note repayment, we continue to improve our capital structure to support our long-term timeline and goals, and we believe Global is well-positioned for growth in 2020."

The Company is further involved in negotiations with the holder of one final convertible note totaling $45,000. If successful, the CEO says this would eliminate all convertible debt from the Company's balance sheet.

"Paying off and restructuring the convertible debt on our balance sheet is not only fiscally responsible, it strengthens our balance sheet and enables us to explore new initiatives to help Global Boatworks increase shareholder value in 2020, and beyond," said Rowe


Website: http://www.globalboatworks.global
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$GBBT OFFICIAL WEBSITE http://luxuriaonthewater.com
$GBBT ON AIRBNB https://www.airbnb.com/rooms/19328583
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GBBT News: Current Report Filing (8-k) 09/25/2020 01:46:21 PM
GBBT News: Current Report Filing (8-k) 09/04/2020 09:16:33 AM
GBBT News: Quarterly Report (10-q) 08/19/2020 04:59:25 PM
GBBT News: Notification That Quarterly Report Will Be Submitted Late (nt 10-q) 08/14/2020 04:28:16 PM
GBBT News: Quarterly Report (10-q) 07/07/2020 05:07:43 PM
News News Alert: Current Report Filing (8-k) 09/25/2020 01:46:21 PM
#3575  Sticky Note LMAO I was screaming at single digit pennies CashBowski 09/25/20 12:17:25 PM
#3562  Sticky Note Wake Up Call https://www.accesswire.com/607481/Global-Boatworks-Holding-Inc-Comp SkyTrader7 09/23/20 03:58:14 PM
#3593   https://twitter.com/stocks_me/status/1309877801626071041?s=21 cdnboy 09/26/20 11:41:55 AM
#3592   https://www.google.com/amp/s/www.forbes.com/sites/sethcohen/2020/09/25/more-than Jbb4321 09/26/20 12:56:37 AM
#3591   Very interesting development here and you are right SkyTrader7 09/26/20 12:46:31 AM
#3588   Yeah I don’t know the whole story so cdnboy 09/25/20 08:21:15 PM
#3586   I’m not here to take sides but clearly cdnboy 09/25/20 08:10:13 PM
#3585   You’re absolutely right — price went from .02 CashBowski 09/25/20 06:23:49 PM
#3582   Again you are taking things out of context Smilin_B 09/25/20 04:34:08 PM
#3581   Haha glad you did — enjoy the profits CashBowski 09/25/20 03:45:45 PM
#3580   I listened Jbb4321 09/25/20 03:13:28 PM
#3579   8-k out https://www.sec.gov/Archives/edgar/data/1647705/000146970920000085/gbbt CashBowski 09/25/20 02:13:36 PM
#3578   I was trying to be realistic and share CashBowski 09/25/20 01:26:15 PM
#3577   He just cant admit he was completely Jbb4321 09/25/20 12:54:23 PM
#3576   Thanks JB. Thank god there’s a record and CashBowski 09/25/20 12:21:32 PM
#3575   LMAO I was screaming at single digit pennies CashBowski 09/25/20 12:17:25 PM
#3574   Agreed. New company is merging in. Watch out SkyTrader7 09/25/20 02:07:11 AM
#3573   Correct...as Global Bodyworks. They owned a million Smilin_B 09/24/20 09:44:39 PM
#3571   I remember when he told cash this Jbb4321 09/24/20 08:35:13 PM
#3570   It’s not confusing at all , I don’t cdnboy 09/24/20 06:28:40 PM
#3569   So what becomes of the scumbag ceo, his Smilin_B 09/24/20 06:10:49 PM
#3568   Yup , big things coming cdnboy 09/24/20 04:01:44 PM
#3567   And *poof* just like that, the old CEO Smilin_B 09/24/20 03:10:08 PM
#3566   Company intends to revise its capital structure and cdnboy 09/23/20 09:01:04 PM
#3565   This a great news. LuckyandFree 09/23/20 05:31:01 PM
#3564   Wow !! thanks for sharing LuckyandFree 09/23/20 05:28:28 PM
#3563   Ladies and gentlemen don’t overlook this merger. Multie SkyTrader7 09/23/20 04:02:34 PM
#3562   Wake Up Call https://www.accesswire.com/607481/Global-Boatworks-Holding-Inc-Comp SkyTrader7 09/23/20 03:58:14 PM
#3561   Time to add , few more blocks here! Topgun21 09/20/20 11:32:11 PM
#3560   What is going on here? This stock was Retireme2 09/17/20 05:50:07 PM
#3559   low floater as it’s finest SkyTrader7 09/14/20 06:03:43 PM
#3558   SECURITY DETAILS Jbb4321 09/11/20 08:24:22 PM
#3557   $GBBT - Agreed - John Legend has a gc-analyst 09/11/20 04:46:37 PM
#3556   Yup cdnboy 09/11/20 10:04:02 AM
#3555   40k bid flashed at 89 before changing to canofan2222 09/11/20 10:03:04 AM
#3554   Big volume spike here mid day. Looks Jsala 09/10/20 09:45:21 PM
#3553   The wise hit ask and bid as I Providential 09/09/20 11:01:46 AM
#3552   People afraid to slap ask..sitting on bid isn't canofan2222 09/09/20 10:56:01 AM
#3551   Multiple Dollars coming up next... Providential 09/09/20 10:53:30 AM
#3550   Yep! Company will be massive and just picture canofan2222 09/09/20 10:39:25 AM
#3549   Huge IMO !!!!! cdnboy 09/09/20 10:36:10 AM
#3548   Check out this video , John legend working cdnboy 09/09/20 10:35:49 AM
#3547   $GBBT - Teresa Hodge CEO of R3 Score gc-analyst 09/09/20 10:35:23 AM
#3546   News https://www.otcmarkets.com/stock/GBBT/news/story?e&id=1688285 cdnboy 09/09/20 09:34:14 AM
#3545   Yep...1 sizable position being built sets this to canofan2222 09/08/20 02:24:49 PM
#3544   She is thin...the smallest of ask taps moves MJAM2020 09/08/20 02:19:08 PM
#3543   Ppl are getting plenty of chances to build canofan2222 09/08/20 12:00:29 PM
#3542   We will get it, if not today, tomorrow. canofan2222 09/08/20 10:36:20 AM
#3541   I was hoping for news today Jbb4321 09/08/20 10:19:50 AM
#3540   Yep this will start moving toward 10mil plus canofan2222 09/08/20 07:47:27 AM
#3539   Yes...and take a look at their market caps MJAM2020 09/07/20 09:51:46 PM
#3538   100%...ppl silently soaking this news in and once canofan2222 09/07/20 09:39:24 PM
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