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Global Boatworks Hldgs Inc. (GBBT)

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Last Post: 3/1/2021 9:40:32 AM - Followers: 79 - Board type: Free - Posts Today: 0



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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Bid Ask Day's Range
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GBBT News: Quarterly Report (10-q) 01/11/2021 03:42:42 PM
GBBT News: Amended Current Report Filing (8-k/a) 12/31/2020 05:02:19 PM
GBBT News: Current Report Filing (8-k) 12/14/2020 05:29:13 PM
GBBT News: Current Report Filing (8-k) 11/17/2020 06:04:04 AM
GBBT News: Notification That Quarterly Report Will Be Submitted Late (nt 10-q) 11/17/2020 06:02:06 AM
#3575  Sticky Note LMAO I was screaming at single digit pennies CashBowski 09/25/20 12:17:25 PM
#3761   Watch the name change send this to orbit...bids canofan2222 03/01/21 09:40:32 AM
#3760   For real man. This squeeze seems like it canofan2222 02/26/21 12:42:33 PM
#3759   Goes to show you this moves like a CashBowski 02/26/21 12:35:03 PM
#3758   Whoever is forcing mms to jockey on the canofan2222 02/26/21 10:54:52 AM
#3757   Wow 140k bid.....let's goooo make them pay up. canofan2222 02/26/21 09:38:06 AM
#3756   Ask .51 ....make them pay up if they canofan2222 02/25/21 09:32:27 AM
#3755   80k on bid... canofan2222 02/24/21 09:40:30 AM
#3754   40k bid....make em pay up, don't sell into them. canofan2222 02/23/21 12:12:38 PM
#3753   Seems the seller from last week is done canofan2222 02/22/21 01:13:15 PM
#3752   Another 2 great names added to BoD. They canofan2222 02/22/21 09:06:23 AM
#3751   Weak, amateur hands keep dropping the ask on NewLeaf 02/18/21 07:54:44 AM
#3750   And right on cue someone drops the ask. canofan2222 02/17/21 10:19:03 AM
#3749   Hold strong here. Don't give in and sell canofan2222 02/17/21 09:37:42 AM
#3748   I can't reply privately but yes bid sitting canofan2222 02/16/21 05:56:17 PM
#3747   Someone taking 10k share chunk outta ask. Can't canofan2222 02/16/21 03:24:16 PM
#3746   Yep... when the stock is moving up, it RandyKCMO 02/12/21 03:52:04 PM
#3745   Preach bro. This thing is going to fly canofan2222 02/12/21 03:44:03 PM
#3744   Make them pay the ask! Floats this CashBowski 02/12/21 03:42:02 PM
#3743   Yep wait till this gets some attention. Most canofan2222 02/12/21 03:32:04 PM
#3742   Yeah... with the Public Float being 2,249,135 shares, RandyKCMO 02/12/21 03:20:00 PM
#3741   Sounds like the company is getting their proverbial RandyKCMO 02/12/21 03:15:15 PM
#3740   8-K Release Read Well RandyKCMO 02/12/21 03:11:47 PM
#3739   Its been trading in a tight support channel CashBowski 02/12/21 02:17:11 PM
#3738   And with a float of a few million canofan2222 02/12/21 02:11:24 PM
#3737   This is going to test 52WH in no CashBowski 02/12/21 02:08:59 PM
#3736   Yep. Stage is set. Name change, uplist, dollar canofan2222 02/12/21 02:01:28 PM
#3735   New board members added. Stage is all set for CashBowski 02/12/21 01:53:35 PM
#3734   Lol sellers today are going to regret it canofan2222 02/12/21 10:52:10 AM
#3733   That would be me (and friends). RandyKCMO 02/05/21 03:11:15 PM
#3732   Someone's gobbling shares up anytime the ask drops. Hmm.. canofan2222 02/05/21 11:09:25 AM
#3731   Agreed! These shares are cheap compared to where canofan2222 02/04/21 09:23:27 AM
#3730   I think R3 SCORE had the potential to RandyKCMO 02/04/21 09:00:52 AM
#3729   I think R3 SCORE had the potential to RandyKCMO 02/04/21 09:00:31 AM
#3728   Are you wondering what Global Boatworks is about?? RandyKCMO 02/04/21 08:51:59 AM
#3727   Youtube Interview with our CEO (2 Days ago): RandyKCMO 02/04/21 08:45:46 AM
#3726   That bid is rising into 30’s with some CashBowski 02/02/21 01:11:14 PM
#3725   Yep hence the 120k bid..someone wants to load canofan2222 02/01/21 11:50:46 AM
#3724   Ticker change and QB uplist is happening any CashBowski 02/01/21 11:43:26 AM
#3723   Agreed. Ball is in their court to execute. canofan2222 01/28/21 05:47:24 PM
#3722   R3 Score is making it very clear what RandyKCMO 01/28/21 05:47:08 PM
#3721   Yeah... I don't believe they plan on sticking RandyKCMO 01/28/21 05:39:55 PM
#3720   Nice man. Great to grab at this level canofan2222 01/28/21 05:39:03 PM
#3719   I think R3 Score is aiming at becoming RandyKCMO 01/28/21 05:38:17 PM
#3718   Yes , I think this stock should be cdnboy 01/28/21 05:35:17 PM
#3717   The last line of your post was golden!! RandyKCMO 01/28/21 05:32:18 PM
#3716   You're welcome. Thought I'd clean things up RandyKCMO 01/28/21 05:30:27 PM
#3715   We got some action here....bid 30 now... canofan2222 01/28/21 03:15:51 PM
#3714   People forget there was over 150k showing on canofan2222 01/28/21 02:22:40 PM
#3713   News: Global Boatworks Holdings Executes LOI for Strategic CashBowski 01/27/21 01:39:35 PM
#3712   Quietly releasing news here...silent killer about to go canofan2222 01/27/21 11:37:02 AM
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