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Global Boatworks Hldgs Inc. (GBBT)

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Last Post: 1/22/2020 2:00:43 PM - Followers: 76 - Board type: Free - Posts Today: 12



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: Quarterly Report (10-q) 11/19/2019 03:51:21 PM
GBBT News: Notification That Quarterly Report Will Be Submitted Late (nt 10-q) 11/15/2019 02:28:51 PM
GBBT News: Quarterly Report (10-q) 08/19/2019 02:37:09 PM
GBBT News: Notification That Quarterly Report Will Be Submitted Late (nt 10-q) 08/14/2019 04:20:59 PM
GBBT News: Quarterly Report (10-q) 05/17/2019 09:51:16 AM
#3142  Sticky Note I don't think I've ever seen a float canofan2222 12/06/19 08:06:03 AM
#3213   Chart is in a super strong uptrend — CashBowski 01/22/20 02:00:43 PM
#3212   10k bid at 26..bidder has been anxiously raising canofan2222 01/22/20 01:37:31 PM
#3211   That’s what I’m talking about buddy :-D We’re just CashBowski 01/22/20 09:07:37 AM
#3210   GBBT strong! NewLeaf 01/22/20 09:03:02 AM
#3209   I’m a buyer. Little to no debt. Locked NewLeaf 01/22/20 09:03:01 AM
#3208   That bolded paragraph is why we are here. canofan2222 01/22/20 08:55:45 AM
#3207   $GBBT NEWS: CashBowski 01/22/20 08:51:36 AM
#3206   Did you end up adding or still on bid? canofan2222 01/22/20 08:32:11 AM
#3205   Ones that have major moves in the works...this canofan2222 01/22/20 07:42:22 AM
#3204   How many pink sheets actually PAY OFF DEBT?! NewLeaf 01/22/20 07:40:57 AM
#3203   Ayyyy we knew stuff was brewing. With debts canofan2222 01/22/20 07:34:24 AM
#3202   NEWS OUT! : https://www.investornetwork.com/news/N-8ED4FE6D9DC861CCE174910FD3F1F NewLeaf 01/22/20 07:05:25 AM
#3201   I would ask again to Sell me your Cheapies! NewLeaf 01/21/20 01:46:49 PM
#3200   25k bid at 22...we seeing 30s sooooon canofan2222 01/21/20 01:43:08 PM
#3199   Wasn't even thinking about a short squeeze. Man canofan2222 01/21/20 12:51:13 PM
#3198   Soon imo. Btw Idk if anyone else noticed CashBowski 01/21/20 12:32:17 PM
#3197   Ask slaps and 70k on bid at .152....we canofan2222 01/21/20 11:48:01 AM
#3196   Once again..level 2 telling quite a story. 70k canofan2222 01/17/20 04:28:10 PM
#3195   I see no other way. CashBowski 01/17/20 01:42:58 PM
#3194   That MM moved up to .185......slap city coming. canofan2222 01/17/20 01:38:05 PM
#3193   Who’s the whale, and btw I think I CashBowski 01/17/20 01:27:55 PM
#3192   70k share bid at 15.....hmmmmmmmm canofan2222 01/17/20 01:15:30 PM
#3191   Float this locked up and small.....dollar is nothing. canofan2222 01/16/20 04:34:54 PM
#3190   IMO there is positive news incoming. The float NewLeaf 01/16/20 03:41:59 PM
#3189   Someone just slapped the ask away...33s on ask canofan2222 01/16/20 12:15:22 PM
#3188   Happy new year dude. Maybe with the new canofan2222 01/02/20 08:51:01 AM
#3187   Happy new year $GBBT! Looking forward to tremendous success CashBowski 01/02/20 08:37:08 AM
#3186   I might get lucky and pick up 5 CashBowski 12/30/19 04:19:37 PM
#3185   Tbh I didn’t catch any EOY selling. I CashBowski 12/30/19 04:18:00 PM
#3184   I think the year-end tax selling is done, Cash! NewLeaf 12/30/19 04:05:10 PM
#3183   Lol like I said. Best of luck but canofan2222 12/30/19 03:58:51 PM
#3182   I’m sitting there on top bid twiddling my CashBowski 12/30/19 03:54:48 PM
#3181   I hope we see a dip so I canofan2222 12/30/19 10:56:41 AM
#3180   100k shares on bid L2! Sell me your cheapies. NewLeaf 12/30/19 10:40:23 AM
#3179   We shall both see. Have a happy new year. canofan2222 12/28/19 12:50:56 PM
#3178   Ummm.... Do you think it's this CEO's sole purpose Smilin_B 12/28/19 12:49:21 PM
#3177   Then how do you explain the 100k bid canofan2222 12/28/19 07:57:03 AM
#3176   This stock is held DEEPLY by the CEO Smilin_B 12/28/19 03:41:01 AM
#3175   No doubt brother haha. Have a good one. CashBowski 12/27/19 07:10:19 PM
#3174   Lol good luck with that. If there wasn't canofan2222 12/27/19 07:07:35 PM
#3173   I had a order in at 11 with CashBowski 12/27/19 07:00:03 PM
#3172   Burned in my past? Merger & Acquisition play? End of Smilin_B 12/27/19 01:04:08 PM
#3171   Your last statement is why I am here. canofan2222 12/27/19 07:30:27 AM
#3170   Perhaps you may want to validate what I Smilin_B 12/27/19 02:51:57 AM
#3169   I banked hard on Global well over a Smilin_B 12/26/19 09:20:13 PM
#3168   On a 180 share paint down. I bet canofan2222 12/26/19 06:18:29 PM
#3167   Nice day. -25% Smilin_B 12/26/19 06:10:17 PM
#3166   Did you see the 98k on bid before canofan2222 12/26/19 02:55:12 PM
#3165   MM’s working double time to stop this from CashBowski 12/26/19 12:03:14 PM
#3164   LOL we must have the same parameters cuz CashBowski 12/26/19 11:58:46 AM